John wrote:
Assuming it's in good condition, a starting price of 425K is a great
price for that boat. NADA shows 423K with no options and in poor
condition. That boat in good condition, with options and extras should
cost over 500K.

The pricing of this boat shows you what happens to boat values when the
price of fuel gets astronomical. It's scarey when even the rich folk
have to downsize because of fuel prices.

Nonsense.

Very few rich people are going to downsize due to fuel prices.

Take a guy buying a $500,000 to $1,000,000 boat: Most people will
purchase such a boat by refinancing a house, selling a rental, raiding
savings, or taking out a marine mortgage. In any event, with moorage,
maintenance, insurance, and (either) interest and principal payments or
"opportunity" cost of the invested (ha!) capital carrying a big boat in
that category can easily run $50,000 to $60,000 a year.

Assuming the guy spends $50k a year before ever leaving the dock, it
isn't going to make too much difference to him whether his fuel bill
for an entire summer remains at $3500 like it might be today or
"skyrockets" to $6000. In the grand scheme of thing, it's still
peanuts.

Naw, it's the middle class guy with a $1000-1500 a month boat budget
that is going to get clobbered with these higher fuel prices. Fuel
costs about the same per gallon whether its diesel pumped into a
multi-million dollar mega yacht or gasoline into an older $40,000 cabin
cruiser with twin 4bbl 460's.