------------------------ebay snip---------------------
This boat was swamped and sank in Hurricane Marilyn in 1995....
..... The seller has started the
process of rebuilding but has taken on other projects and just wants
out of the deal.

Now, that's a really stellar recommendation.


Jere Lull wrote:
Oh Wow! Sounds like the boat my surveyor offered to give me for free.
After admiring the beautiful lines and obvious pedigree, I looked a
little closer and said, "I'm not sure it's worth that much." I passed.

I suspect $10k may be required just to get it to float, never mind the
rotted cores and interior that obviously needs to be completely rebuilt
from the keel up.


Replacing all the wiring & electrical equip't would cost more than $10K,
the plumbing probably close to that. This boat (and many many more that
were damaged in hurricanes) is landfill fodder. After sinking, then
sitting for ten years on the back lot, I doubt there's anything left
worth salvaging.

Last fall, a cruising group that my wife & I belong to had a dinner talk
by a marine insurance underwriter who is also a former surveyor... great
stuff. He talked about differences in policies, what some of the
technical terms of coverage really mean, and most entertaining, a long
series of hurricane damage pictures.

Fresh Breezes- Doug King

i heard that.....i bet the presentation from the ins agent was very
interesting....

the ebay E38 biddin' is now almost up to $6k, one day left...Puttin a
"pencil to paper", i guess (the hull) it would be worth up to $10k...If
one
added a "reserve" account w/ $50k avail for parts and equipment...Plus
a few hundred man/women hours...grin.....

A "finished" e38, 1986, even w/a "clouded title" (ie: ttled "in
storm/sank/re built") ... Would fetch, i woulkd guess $75k


someone is going to have a nice, big project on their hands...but,
when you watch a e38 under way, say under the gldn gate bridge..w/full
sails.....its a thing of beauty.....

i am done now....back to work....

~^ beancounter ~^ wrote:
the ebay E38 biddin' is now almost up to $6k, one day left...Puttin a
"pencil to paper", i guess (the hull) it would be worth up to $10k.

How ya figure that? Somebody might pay that much, guess that makes it
"worth" that.

...If one
added a "reserve" account w/ $50k avail for parts and equipment...Plus
a few hundred man/women hours...grin.....

If you had the time, the skill, and the money, why not buy a boat that's
in better shape? Spend your time sailing and don't take the gamble
that there's something left out of your figuring up costs... actually
it's not a gamble, there is *always* something!


A "finished" e38, 1986, even w/a "clouded title" (ie: ttled "in
storm/sank/re built") ... Would fetch, i woulkd guess $75k


Again, how do you figure that? Not meaning to be insulting, look at
Yachtworld.com... asking prices in the $65K range, much lower for just a
few years older. Between the boat's history and the 'cloudy title' you
might be lucky to sell in the $50K range assuming it was a magnificent
restoration. The fact is that the boat market is a big time buyers
market right now, and probably will be for the forseeable future.

A good friend of ours bought a boat from an insurance company, on a 'too
good to be true' deal... it was. It was almost free, and took relatively
little restoration (mostly rebuilding the cabin). By now it's been for
sale almost six months, and it looks like he's going to have to accept
less than half his original asking price, if he gets an offer that good.

The trick is to learn from the mistakes of others. You'll never live
long enough to make them all yourself


someone is going to have a nice, big project on their hands...but,
when you watch a e38 under way, say under the gldn gate bridge..w/full
sails.....its a thing of beauty.....


Yep... although I like the older E39 flush deck better.

http://cgi.ebay.com/ebaymotors/itemZ...cmdZViewIte m

Fresh Breezes- Doug King

good point Doug King...hey....wasn't it Bruce King that did a lot of
the Ercison hull designs?...I worked @ the plant for a few years in
the mid 80's...Fun place...great product...

Anyway, hes isn't your daddy or somethin' is he? Bruce King did some
very
nice boats...I'll bet a "google" on him would reveal some interesting
stuff...

i bid up to $5k on the ebay ericson 38 (would love to skipper a e38!!)
but
wasn't sure i could go much $5k w/all the other potential expenses...

i am a tax accountant..landlocked (i have 20 yrs of sailing background)
right
now in northern colorado...I would be interested in investing and
running a
corp owned ericson 38 ... of course it could be a "shell s corp" for
boat
usage of, say, no more than 3 owners ... anyway.. I can do all the
admin,
bookeeping, tax returns, "hosting" and maintaining a reservation system
(like
we do now for a cessna) for the corp owners... it could be a nice
lettle shell
w/a lot of possibilities..


well stated

"The trick is to learn from the mistakes of others. You'll never live
long enough to make them all yourself "



"

~^ beancounter ~^ wrote:
good point Doug King...hey....wasn't it Bruce King that did a lot of
the Ercison hull designs?...

Yes, pretty much all of them AFAIK. No relation, though.

The Ericsons were pretty good boats. Most of them were quite well built,
far better IMHO than most production boats. Sail well, too. I didn't
realize this until a few years ago, when serious boat shopping gave me
the "opportunity" to do some dedicated bilge-crawling in a lot of boats
including a couple Ericsons.

....Bruce King did some
very
nice boats...I'll bet a "google" on him would reveal some interesting
stuff...

How 'bout this?
http://www.whitehawk.com/


i bid up to $5k on the ebay ericson 38 (would love to skipper a e38!!)
but
wasn't sure i could go much $5k w/all the other potential expenses...


Wise to keep it low. But if you're serious about undertaking that sort
of project, there are lots and lots of potential projects that never get
onto the internet. Take your weekends, maybe even a little vacation
time, and hunt thru the boat yards in teh hurricane zones. You may find
an Ericson 38 that offers serious hope, for the asking.

Considering your occupation, you find it an interesting exercise to whip
up a boat project spreadsheet, with various projected prices
populated... I've done spreadsheets for all my boat projects but not a
master file.


i am a tax accountant..landlocked (i have 20 yrs of sailing background)
right
now in northern colorado...I would be interested in investing and
running a
corp owned ericson 38 ... of course it could be a "shell s corp" for
boat
usage of, say, no more than 3 owners ... anyway.. I can do all the
admin,
bookeeping, tax returns, "hosting" and maintaining a reservation system
(like
we do now for a cessna) for the corp owners... it could be a nice
lettle shell
w/a lot of possibilities..


There may be a couple of takers out there in newsgroup-land. Y'all
listening?


well stated

"The trick is to learn from the mistakes of others. You'll never live
long enough to make them all yourself "

Thanks, but I didn't think of that myself.

Fresh Breezes- Doug King

http://www.whitehawk.com/


damm...what a beauty..."cold moulded wood" what the
%$#@ is that?......

that is quite a boat/ship....not exactally what you might find on
ebay....

http://www.whitehawk.com/


One can always dream.

~^ beancounter ~^ wrote:
damm...what a beauty...

She's gorgeous... inspired by (or blatantly copied from) L.F.
Herreshoff, no doubt the original owner had very good taste but wanted
something BIGGER!

...."cold moulded wood" what the
%$#@ is that?......


It's plywood, laminated in place over a mold so that it's literally made
in the shape of the hull & deck. Very strong stuff, it's claimed by
those familiar with it to be the longest lived & least problematic
boatbuilding material.

that is quite a boat/ship....not exactally what you might find on
ebay....


Oh you never know. I couldn't afford to keep a boat like that even if
offered it for free, in perfect condition. Well, I could afford it for a
little while, but my family might not like the result

BTW Bruce King also designed a classic work-boat style express cruiser
for Billy Joel a while back, this boat (IIRC it was 36') was fabulously
expensive of course but so widely admired that several other designers &
builders started copying her... most notably Hinckly, who has now
patented the name 'picnic yacht' to try & hog the market for their copies!

Fresh Breezes- Doug King

In article .com,
"~^ beancounter ~^" wrote:

damm...what a beauty..."cold moulded wood" what the
%$#@ is that?......

A blend of old and new: Epoxy gluing thin veneers together to form a
shape that can be quite organic. Done properly, it's stronger and
lighter than fiberglass, quite a bit more durable than wood.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's Pages: http://members.dca.net/jerelull/X-Main.html
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/