GKandCC said..
Any update on why this yacht is soooo cheap, re: its recent survey valuation.? Recently blown motor, rigging, sails etc needing replacing (or no insurance)??
Only worth what someone is willing to pay for it, insurance / survey valuations mean squat all unless the boat is written off in an insurable event, even then unless you have agreed value on your policy you may end up with much less.
If it truly was so cheap it would have never even made it to market as someone in the know would have purchased her, given that she is a commercial vessel I would suggest that many people know of her.
The other reason is it probably owes the owner very little after all the depreciation etc, there is probably zero emotion involved and they just want to move it.
Would be interested to find out what it eventually does sell for.