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Yachtworld.com

Old 11-26-2008, 08:57 AM
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Default Yachtworld.com

Anybody else notice that the prices boats are offered at on Yachtworld are NOT EVEN CLOSE to what the market is bearing? Frankly, it defeats the purpose of the process because I would not even inquire on some of these boats if I was in the market. I think brokers/sellers are making a mistake if they are truly looking to move boats. Case in point - Cabo 40 express prices have NOT MOVED in the last 2 years that I have been looking. They are out of their minds if they think a 3-4 year old boat is worth $750k today. But not only that you hear of boats trading at like 50-60% of their offering price on yachtworld. Whats the point of posting a price? Its a joke. I don't even bother looking anymore because they are so off the mark. ;?
Old 11-26-2008, 09:00 AM
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Default RE: Yachtworld.com

I don't see any lower prices than last year or year before. I looking for a flats boat and all I can fined are over the retail book value
Old 11-26-2008, 09:36 AM
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Why was this moved to dockside chat? Last I checked this was a boating related topic.
Old 11-26-2008, 09:57 AM
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Default Re: Yachtworld.com

Sure seems like a boating topic to me...

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Old 11-26-2008, 11:43 AM
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Default Re: Yachtworld.com

Yachtworld offers listings by brokers only. I guess they haven't started to hurt enough to start putting more pressure on the owners to lower their expectations, and adjust the prices accordingly. It seems to me that a broker worth his/her salt would be in constant contact with the owners of the boats they list offering advice and information about where the market currently is.
If a boat is sitting on the market for 2 years, it's a pretty good indicator the owner is not in any hurry to sell, and they are hoping for some dummy to come along and buy it for what they are asking.
Old 11-26-2008, 12:04 PM
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Default Re: Yachtworld.com

I think Yachtworld only has boats that float on the Sea of Denial
Old 11-26-2008, 12:07 PM
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Default Re: Yachtworld.com

I think the prices on Boattrader are just as high. Ebay is the only place boats are selling for what they are worth in this market.
Old 11-26-2008, 02:08 PM
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Default Re: Yachtworld.com

Boat prices do NOT follow the retail markets. Boats are boats, and cost the same or more to make, regardless of the economy. In fact, when oil went up, it made resin prices skyrocket, a large factor in cost.
Old 11-26-2008, 03:16 PM
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Default Re: Yachtworld.com

They do not want to realize the the market has going down. To keep there clients happy and to bide some time lets see how long they can go. The ultra rich can wait!!
Old 11-26-2008, 05:40 PM
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Yachtworld's purpose is to put sellers in touch with buyers. What happens from there is not up to them.
Old 12-03-2008, 09:38 AM
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Default Re: Yachtworld.com

Birdman - 11/26/2008 2:08 PM

Boat prices do NOT follow the retail markets. Boats are boats, and cost the same or more to make, regardless of the economy. In fact, when oil went up, it made resin prices skyrocket, a large factor in cost.
Whatever. Read your history books. Yacht values went to ZERO in the Depression. ZERO! So quoted offerings on Yachtworld should get a clue is my point..... more bs and smokescreens can't be good for the brokerage business!
Old 12-03-2008, 05:12 PM
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I don't understand why the price would prevent you from looking at a boat, or even making an offer. Decide what you want to pay and offer it contingent upon whatever you want to make it contingent upon. If the broker takes offense, big deal, go on to the next.
Old 12-03-2008, 05:53 PM
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Default Re: Yachtworld.com

This is related to asset prices moving toward a new equilibrium. If your house is down 20-30%, your stock portfolio down 40-60%, what makes something think that a boat is going to hold its value any better? It sucks that everything is the way it is right now, but it is what it is. Those people/brokers that do not lower their prices will either win in the end by finding a buyer or sit on their boat.

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