Sail-World.com : Boat auctions – a mirror to the industry's ‘health'?
Boat auctions – a mirror to the industry's ‘health'?
Fifty one lots, comprising 48 boats and three freehold marina berths are set for a major auction at Runaway Bay, on the Queensland Gold Coast, this coming Saturday, with leading auctioneer Adrian Seiffert calling the action.
Seiffert, CEO of Brisbane headquartered Marine Auctions, said the inquiry rate for the Runaway Bay event had so far exceeded that of his recent Sanctuary Cove auction, where more than 70 boats were offered.
'I certainly think that is a good sign, but by the same token I don't think there's any doubt that some sectors of the industry are still doing it tough,' he said.
'I speak regularly with other auctioneers, with valuers, finance companies and banks and there is still negativity out there in the market place,' he added.
Saturday's auction, scheduled to begin at 10am on the southern arms of the Runaway Bay Marina, could well attract strong attendance.
According to the auctioneer 'there's something on offer for everyone to suit all budgets.'
Perhaps the highlight of the auction will be the stunning 70' (21.33-metres) Sunseeker Manhattan, a 2010 model with more than $500,000 worth of options fitted.
This vessel would have retailed somewhere in the region of $5.5 million.
What will it bring at auction?
'I don't really know,' Adrian Seiffert said.
'There does not seem to be a lot of interest in boats of this size these days, but I'd be very surprised if it did not attract bids in the order of $4 million-plus,' he added.
Saturday's auction really does boast something on offer to suit a wide range of budgets, from the Sunseeker Manhattan down to two-seater paddle boats.
Tinnies, trailer sailers, jet skis and personal watercraft, all are set to go under the auctioneer's hammer.
Some lots have reserves, some don't, it will be very much a matter of first in, best dressed.
The freehold marina berths will be interesting lots.
All are at the Hope Island Marina, one will suit a vessel up to 15.0-metres in length, the other two up to 16.0-metres in length.
The auctioneer is not sure what to expect from bidders on the day.
'It's been my experience that freehold marina berths have dropped in value in recent years,' Adrian Seiffert explained.
'Investors have stayed away from them, whereas four or five years ago they were seeing such berths as highly desirable.
'I would imagine those bidding on Saturday will be boat owners specifically seeking a berth for their own boat,' he added.
Prominent brand names going under the hammer include Riviera, Mustang, Sea Ray, Black Watch, Four Winns, Seafarer, Quintrex, Cruise Craft, Sunrunner, Glastron and Bayliner.
For further information, contact Marine Auctions, Rivergate, Brisbane, telephone (07)3268-3614.
by Bob Wonders
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12:13 PM Thu 22 Jul 2010 GMT
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