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Old 23 July 2020, 09:17   #1
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Crazy pricing

Would anyone in their right mind really pay 60k for this?

https://uk.boats.com/power-boats/200...tique-7523888/

It's got garish coloured original tubes and a 10 year old chart plotter.
The engine is worth 15k?
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Old 23 July 2020, 09:25   #2
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Quote:
Originally Posted by jakew009 View Post
Would anyone in their right mind really pay 60k for this?



https://uk.boats.com/power-boats/200...tique-7523888/



It's got garish coloured original tubes and a 10 year old chart plotter.

The engine is worth 15k?


Somebody will buy that for close to the asking. Itís in Poole, plenty of well heeled down there that canít get to their foreign villas this year & need something to keep the kids entertained during summer break, before the ski season starts (if it does). It looks the part & will look nice & bling in a Solent marina.
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Old 23 July 2020, 14:07   #3
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I certainly won't be buying it, even living in Poole!

Completely agree that someone maybe not that familiar with RIB's might go for it if they like the look, but to my mind despite the new engine that's still very big money for a 2004 Cobra 7.5.

For that price I think you could get a much newer boat from a good quality manufacturer (without wanting to start the Chinese debate again!).
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Old 23 July 2020, 15:29   #4
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try building one now. I am sure a cobra is double that out the door these days
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Old 23 July 2020, 15:36   #5
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Someone could have grabbed themselves a bargain - given boristhebold was selling it for £20k (with previous engine) in March...
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Old 23 July 2020, 16:22   #6
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I bought a very serious and 1 year old boat for that last year, about half new price!! Also with a 200hp Verado with 60 hours on it!!
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Old 23 July 2020, 16:23   #7
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Itís Norwegian not Chinese
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Old 23 July 2020, 16:30   #8
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Click image for larger version

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Boats are great!!
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Old 24 July 2020, 05:05   #9
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Your right poly I did sell it not long ago maybe two months ago for £20K, it was a nice rib, had it for 11 years. The chart plotter isnt 10 years old as someone suggested, it is about 3 or 4 years old. The chap who bought it put on a new engine. Didn't realise he would sell it straight on or I would not have sold it. LOL, still wish I had not sold it but with covid and issues I had to. Solid boat and obviously has been super cleaned up and looks like some nice work done to clean and polish the hull etc, plus new upholstry all round which isnt cheap. New engine must be about £18K, with all that in mind I would agree at nearly £60k seems rather high in my opinion but prices are crazy at the moment. Its on another site for £65k. Seems like both manufacturers and private sellers the price does not reflect inflation or depreciation nowadays, prices for new ribs are absolutely crazy. When I bought this rib in 2009 shes was £26K, spent a few thousand on her over the years, a new one in 2009 would have been about £70K, now a new 7.7 cobra is about £99K which is nuts.
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Old 24 July 2020, 11:20   #10
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I suspect he might be a chancer but he must have spent a fair bit, I guess something like £25K, added to the boat he is in the hole for 45 or so and as you say values are up!
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Old 24 July 2020, 11:28   #11
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Must be something in this sort of thing.
I sold my Scorpion for £30k and it is now transformed and for sale at around £60k.
Hull shot blasted, cleaned and shiny, new tubes (at least £9k last time I looked), wooden flooring put in, all new seats, etc etc etc
Looks nice, but I wouldn't pay 60k for a 12 year old boat-would you?
Bet someone would though, else why do these guys do it?
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Old 24 July 2020, 14:16   #12
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Your right poly I did sell it not long ago maybe two months ago for £20K, it was a nice rib, had it for 11 years. The chart plotter isnt 10 years old as someone suggested, it is about 3 or 4 years old. The chap who bought it put on a new engine. Didn't realise he would sell it straight on or I would not have sold it. LOL, still wish I had not sold it but with covid and issues I had to. Solid boat and obviously has been super cleaned up and looks like some nice work done to clean and polish the hull etc, plus new upholstry all round which isnt cheap. New engine must be about £18K, with all that in mind I would agree at nearly £60k seems rather high in my opinion but prices are crazy at the moment. Its on another site for £65k. Seems like both manufacturers and private sellers the price does not reflect inflation or depreciation nowadays, prices for new ribs are absolutely crazy. When I bought this rib in 2009 shes was £26K, spent a few thousand on her over the years, a new one in 2009 would have been about £70K, now a new 7.7 cobra is about £99K which is nuts.
Sorry it was me who said 10 year old chart plotter. I meant that the model of plotter installed was released in 2011 so getting on for 10 year old technology. They were discontinued in 2016 in favour of the eS series.

Engine will be about 16k https://www.ebay.co.uk/itm/NEW-Mercu...3-70aa087799c1
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Old 24 July 2020, 15:07   #13
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With Covid the price of everything boat, bicycle, outdoors has gone potty.

Was talking to two yacht brokers. One has had his best year ever and the other has sold 11 boats in 10 days.

a 6.5m ballistic will cost you 70k now so anybody with cash and wants some flash this at 60 seems not a bad investment.
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Old 26 July 2020, 04:59   #14
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Won't be potty for long, wait til redundancies after the end of furloughs hit, then Brexit close on their heels.

I forsee a lot of people doing serious expense shedding this autumn.
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Old 17 October 2020, 07:02   #15
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It’s down to 40k now

https://www.theyachtmarket.com/en/bo...-sale/1941999/
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Old 17 October 2020, 11:34   #16
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You gonna buy it then. Offer them £30K and see if they go for it
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