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What's a fair price for this boat?


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I've listed our '89 Holby Tripp 38 in the SA classifieds at $45K.  Lot's of upgrades, new paint, great sail inventory, repowered, replaced standing rigging. It's a great sailing boat!  I've gotten a couple inquiries, but wonder if my price is too high.  Bullshit aside, what's it worth?  Thanks, Voodoochile\

May be an image of one or more people, people boat racing, sailboat and ocean

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Maybe put a little more info in the ad? The normal stuff, draft, engine, overall condition, year built, sail inventory, accessories, interior specs and pics, etc. might help.

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I know this is super-helpful, but only the market can answer that. Seems to have turned back to a seller's market this past fall, with many people deciding now is the time to get that bigger boat. If it sells in a couple days, with people competing to rush cash into your hand, then you weren't asking enough!

Good luck

FB- Doug

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29 minutes ago, DrewR said:

Maybe put a little more info in the ad? The normal stuff, draft, engine, overall condition, year built, sail inventory, accessories, interior specs and pics, etc. might help.

Maybe so.  My thought was to garner interest.  I have tons of info and pics and log book info for any who enquire.

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1 hour ago, voodoochile said:

I've listed our '89 Holby Tripp 38 in the SA classifieds at $45K.  Lot's of upgrades, new paint, great sail inventory, repowered, replaced standing rigging. It's a great sailing boat!  I've gotten a couple inquiries, but wonder if my price is too high.  Bullshit aside, what's it worth?  Thanks, Voodoochile\

May be an image of one or more people, people boat racing, sailboat and ocean

Have it surveyed by a competent authority 

sellers survey 

delams, moisture , keel bolts and structure , rudder , rig check .....

Only then will you know 

if the boat  comes out of survey good , it’s valuable 

hand this survey to interested parties 

some boats are too expensive even when you get them for free

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15 minutes ago, Chris in Santa Cruz, CA said:

I linger longer on ads and get more interested the more pics and details there are in the actual ad. Thats just me.

nice boat btw...    but this is how it's done, like cruz said..

https://sailnorthwest.com/wp-content/uploads/2017/08/Full-Brochure-Farr-1220.pdf

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Just now, Grande Mastere Dreade said:
18 minutes ago, Chris in Santa Cruz, CA said:

I linger longer on ads and get more interested the more pics and details there are in the actual ad. Thats just me.

nice boat btw...    but this is how it's done, like cruz said..

Ist kinda licke porne,  you putte in a littelle moire effortte to discern alle teh detailles.........        :)

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It is a nice 32 year old boat. 38 feet is the inbetween size of a 36 and a 40. An interior shot would be part of the pitch to a sailing family. 

When you sell a boat, you sell a life style. I do not see the lifestyle in the ad. Who do you think is the ideal buyer is for her and why? A nice video pointed to that target would sure help. A boat like that is a step up or down for almost every buyer today.

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7 minutes ago, Grande Mastere Dreade said:

nice boat btw...    but this is how it's done, like cruz said..

https://sailnorthwest.com/wp-content/uploads/2017/08/Full-Brochure-Farr-1220.pdf

Along with a pdf pack of all docs related to work and survey in the last few years and this boat could be purchased without an actual visit by a customer specifically looking for that make and model boat.

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1 minute ago, Chris in Santa Cruz, CA said:
10 minutes ago, Grande Mastere Dreade said:

nice boat btw...    but this is how it's done, like cruz said..

https://sailnorthwest.com/wp-content/uploads/2017/08/Full-Brochure-Farr-1220.pdf

Along with a pdf pack of all docs related to work and survey in the last few years and this boat could be purchased without an actual visit by a customer specifically looking for that make and model boat.

This seems to be a lot more common now. I've been amazed at the number of people in the last few years, in our yacht club, that have bought boats sight unseen. And most of them seem relatively satisfied with the process.

FB- Doug

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Sir, your boat is worth exactly what someone is willing to pay for her. Nothing more and nothing less.

If you are not getting interest at 45K, then you are likely asking too much..... so much so that no one is even willing to low ball you to see how pliable you are. 

Sorry, don't mean to be a prick. You love her, you have done right by her, you have cared for her, and no one gives a shit. 

Old saying, no one buys new electronics and new sails as a reason to buy a boat because they would have bought something completely different then you did. So what I am saying is upgrades do not have the return you think they might.

But I do wish to be helpful...…. I bid one US dollar, to get the ball rolling.

 

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7 minutes ago, Snaggletooth said:

Expo asksed me to bid $2 foire hime, annything to keepe smobodey ealse frome getteng a prettey prize.

:)

See, now that is what I am talkin about.

I see your$2 and raise it to 3 somolians.

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When we were selling our boat privately we put up a free WIX site. Got lots of interest. You are selling a dream and a lifestyle not just a boat. Well if you're smart you're doing that! 

You're very sparse with the information. Lots more pictures (BETTER pictures - the one in your ad is small and the spin is odd looking!) and lots more information needed. Think of the bare minimum as a brokerage listing. 

Example from our free site: https://ceilydh.wixsite.com/cat4sale  You look at that photo below and say "YES, that's the boat for me!" 

"ABOUT THE BOAT
We're proud to offer Ceilydh, a well equipped and affordably priced 40 foot cruising catamaran. She's in great condition and is ready to help you to fulfill your sailing dreams.

After a successful 8 year, 31 country circumnavigation our growing teenage daughter is ready to finish high school on land. This means our Woods Meander 40 is on the market and we're eager to find her a good home."

d5960b_28b60969ca774da697ef1e91b73ac83d~

 

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Just get the info on the add:

sail inventory, electronics, upgrades, maintenance, etc....   45k for a boat with questionable sails, unknown electrons, unknown other shit sounds like too much.  45k for a boat with a fresh and complete sail inventory, good electrons and continuous upgrades sounds way more palatable.  Obviously there are market limitations just based on what kind of boat it is, but show that it is the best for the kind of boat that it is.  

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3 hours ago, quod umbra said:

Sir, your boat is worth exactly what someone is willing to pay for her. Nothing more and nothing less.

 

Fuck I hate that expression. Always comes across so holier than thou, but adds absolutely nothing to the discussion. 

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Look at comps (as much as they can be "comps") :

https://www.sailboatlistings.com/view/84127

https://boats.waa2.com/detail?id=fe949d99e399613c18e49c83fea5db65&q=tripp 40

https://www.yachtworld.com/boats/1991/tripp-36-3752524/

https://www.sailboatlistings.com/view/74032

https://www.sailboatlistings.com/view/77092

I'd say based on these "comps", your ask is a bit high. I'd suggest upper 30's if you're serious about a quick sale. And "I am not a broker", nor do I play one on TV.... but I used to be a (part-time) race boat broker in the late 90s, and this was one way to  see if prices were in the ball park (and of course, we had access to actual "sold" values, not just "asks").

 

And is it now listed with Bill or is this an old ad? (I don't think it's doing you any good for this probably old listing to be still on the web, esp w/ask of 55k$) :

https://www.farryachtsales.com/sales/boat/1989-custom-built-tripp-38-holby-marine

 

 

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10 hours ago, Crusty said:

Fuck I hate that expression. Always comes across so holier than thou, but adds absolutely nothing to the discussion. 

Sorry you feel that way and not my intention...…. Boat owners love their boat, doesn't matter the boat, the condition, the age, the design. We all do this. Our love is unconditional. As such we assign a value base on our own emotional involvement not market realities.
So while you say it adds nothing to the discussion, it is in fact.....if I may be so bold..... the essence of the discussion. When you see an ad as a buyer, the very first thing you look at is the price. Now upon reviewing the ad you may or may not appreciate any upgrades. Sure they may be selling points but they do not carry the added value most people think they do. So as an example, the boat on the lakes for 29K. As a buyer perhaps you think you can get her for 23K...… she needs sails and electronics.... maybe you think those would see you buying the kit for 15K. There is Voodoo's boat at 45K, do you as a buyer think he would come down to 38K or is he more likely to dig in his heels because all that stuff is already included in his cherry?
YRMV

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12 minutes ago, JoeO said:

Look at comps (as much as they can be "comps") :

https://www.sailboatlistings.com/view/84127

https://boats.waa2.com/detail?id=fe949d99e399613c18e49c83fea5db65&q=tripp 40

https://www.yachtworld.com/boats/1991/tripp-36-3752524/

https://www.sailboatlistings.com/view/74032

https://www.sailboatlistings.com/view/77092

I'd say based on these "comps", your ask is a bit high. I'd suggest upper 30's if you're serious about a quick sale. And "I am not a broker", nor do I play one on TV.... but I used to be a (part-time) race boat broker in the late 90s, and this was one way to  see if prices were in the ball park (and of course, we had access to actual "sold" values, not just "asks").

 

And is it now listed with Bill or is this an old ad? (I don't think it's doing you any good for this probably old listing to be still on the web, esp w/ask of 55k$) :

https://www.farryachtsales.com/sales/boat/1989-custom-built-tripp-38-holby-marine

 

 

Exactly.

It is not uncommon for a broker to suggest that an ad for a boat, say at 55K, gets pulled and that it is sidelined for a couple-3 months before relisting at a lower price. Boats that linger on the market get a stink, whatever the reason, overpriced, unrealistic seller, potential buyers flipping on by the ads for that boat because they read it a few months  back and discounted it as not of interest to them.

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I would offer $45k for the girl and $5 for the boat. Yes, I know it would cost me a LOT more than that..

The Tripp design is one that is always dear to my heart. Raced a 40' in the beginning of the 90's - Loved it.

Sail Safe!

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2 minutes ago, quod umbra said:

Exactly.

It is not uncommon for a broker to suggest that an ad for a boat, say at 55K, gets pulled and that it is sidelined for a couple-3 months before relisting at a lower price. Boats that linger on the market get a stink, whatever the reason, overpriced, unrealistic seller, potential buyers flipping on by the ads for that boat because they read it a few months  back and discounted it as not of interest to them.

Exactly this.

There is a classic wooden boat for sale at Sandeman. It has been listed for ca. 70,000 GBP for years now. I won't name it but it is very red. One day, I'll walk over with some change and nick it, citing 'maintenance backlog'. 

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19 minutes ago, Matagi said:

Exactly this.

There is a classic wooden boat for sale at Sandeman. It has been listed for ca. 70,000 GBP for years now. I won't name it but it is very red. One day, I'll walk over with some change and nick it, citing 'maintenance backlog'. 

The boat is no longer listed with Farr, just the old listing still shows up on a search, It's not currently on their website.

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I've added some more pictures, description and a link to the Sailboat Data for the boat.  The SA edit function will not let me post files on equipment and maintenance, but I will reply quickly to anyone wanting the full lists.  

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43 minutes ago, JoeO said:

Look at comps (as much as they can be "comps") :

https://www.sailboatlistings.com/view/84127

https://boats.waa2.com/detail?id=fe949d99e399613c18e49c83fea5db65&q=tripp 40

https://www.yachtworld.com/boats/1991/tripp-36-3752524/

https://www.sailboatlistings.com/view/74032

https://www.sailboatlistings.com/view/77092

I'd say based on these "comps", your ask is a bit high. I'd suggest upper 30's if you're serious about a quick sale. And "I am not a broker", nor do I play one on TV.... but I used to be a (part-time) race boat broker in the late 90s, and this was one way to  see if prices were in the ball park (and of course, we had access to actual "sold" values, not just "asks").

 

And is it now listed with Bill or is this an old ad? (I don't think it's doing you any good for this probably old listing to be still on the web, esp w/ask of 55k$) :

https://www.farryachtsales.com/sales/boat/1989-custom-built-tripp-38-holby-marine

 

 

Is it really a comp if you are comparing a Holby-built boat to a Carrol Marine-built boat?  As an owner of a Carrol Marine boat I can tell you 1.  They are not as bad as everyone says they are, but; 2.  I would much prefer to own a Holby-built boat.

No matter how well maintained and well equipped this boat is, you can’t get past certain salient facts:  The boat has an aluminum rig with inline spreaders, overlapping jibs and symmetrical spinnakers.  I think that limits the upper end of what the boat will garner on the open market.

As an aside, one of the best names I ever saw for a boat was for a Mark Lindsay built Tripp 38 – As Larks, Harmoniously  

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12 hours ago, Crusty said:

Fuck I hate that expression. Always comes across so holier than thou, but adds absolutely nothing to the discussion. 

yeah, it's trite.  But it's also true.

Boats (cars, houses, dogs, collectible art...) don't have a lot of intrinsic value.  By that I mean there isn't a single-number metric (price per pound, price per square foot, price per horsepower, whatever) that objectively defines the value.  The value is driven by subjective vagaries of current trends, historical significance, personal style choices, etc.

Take my parent's old house in Irvine (southern California).  They bought it in the 70s for ~30k. The national 25-year average home appreciation rate is something like 4% - that would imply a current value of around $200k for that house, yet it's estimated to be "worth" more than 2.1 *million*.  10x what it "should" be worth.  There's absolutely nothing about that 50-year old, 2100-square-foot, minimally-updated tract house that's "worth" that much money, except for the fact that someone is willing to pay that much to live in that zip code.

So it is with boats.  You could take two effectively-identical boats - let's says a mid-80s catalina and a mid-80s ericson.  similar specs, similar condition, similarly equipped, etc.  One might argue the Catalina is worth more because of the relative ubiquity, the larger community, the still existing dealer network, the availability of OEM parts... or one might argue that the Ericson is worth more because of the relative rarity, the designer's reputation, the build quality, the sailing characteristics, whatever.  The only difference is in what the (potential) buyer cares about, and whether they're willing to pay for it.

$.02

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18 minutes ago, voodoochile said:

The boat is no longer listed with Farr, just the old listing still shows up on a search, It's not currently on their website.

See if there is some way they (FYS or their web hosts) can have it not show up (or as prominently)? Not sure if thst is possible (edit web page out metadata, etc?), but it confuses buyers if they do a search and they see it listed in different places at different asks.

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2 minutes ago, JoeO said:

See if there is some way they (FYS or their web hosts) can have it not show up (or as prominently)? Not sure if thst is possible (edit web page out metadata, etc?), but it confuses buyers if they do a search and they see it listed in different places at different asks.

Farr did a nice job with the listing format 2 two years ago...description, pics, etc.  But we got zero responses, maybe price?  We've now lowered the price by $10K in addition to adding several new sails and repainting inside and out.  I've gotten 3 responses so far from the SA ad and hopefully will get a buyer.  We're open to offers and are responsive to any inquiry.  As mentioned, we are not on the FYS site currently, just have the expired listing still on the internet which I have no idea of how to take down. Sorta like those pics of your old girlfriend!  

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8 minutes ago, Former MDR Vandal 1 said:

Is it really a comp if you are comparing a Holby-built boat to a Carrol Marine-built boat?  As an owner of a Carrol Marine boat I can tell you 1.  They are not as bad as everyone says they are, but; 2.  I would much prefer to own a Holby-built boat.

Hence "comps" in quotes... it's never apples-apples, you have to make some mental adjustments for thing like that.

10 minutes ago, Former MDR Vandal 1 said:

No matter how well maintained and well equipped this boat is, you can’t get past certain salient facts:  The boat has an aluminum rig with inline spreaders, overlapping jibs and symmetrical spinnakers.  I think that limits the upper end of what the boat will garner on the open market.

As F. Zappa, would say - this is the crux of the biscuit. It's not enough to just look at "comps", but one needs to look at what is the competition in the marketplace. Sprit boats w/swept-back rigs, RF jibs, requiring fewer crew... OD classes with locally better competition...  this boat is looking for someone who wants a big-ish PHRF baot to race in a mixed-fleet, and (hopefully) understands that they will have higher operating costs at the very least due to sail wardrobe requiremnets, than say an  owner of a J105. Also needs a buyer who is not daunted by the prospect of finding 9-10 crew on a regular basis. That is becoming a smaller and smaller niche in the buyer population, methinks.

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Yes! More descriptions! 

With a fast and complementary sail bag inventory, lots of tasteful deck hardware and well built speedy hull - would you consider short term day, weekend or longer vacation charters until someone takes her off your hands?

You could score thousands in a month(s) ahead and still pass her on for near your buy it now price.

sailbag-girl.gif

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42 minutes ago, Former MDR Vandal 1 said:

 

No matter how well maintained and well equipped this boat is, you can’t get past certain salient facts:  The boat has an aluminum rig with inline spreaders, overlapping jibs and symmetrical spinnakers.  I think that limits the upper end of what the boat will garner on the open market.

 

Indeed. I saw masthead rig and my heart sank.

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14 minutes ago, JoeO said:

Hence "comps" in quotes... it's never apples-apples, you have to make some mental adjustments for thing like that.

As F. Zappa, would say - this is the crux of the biscuit. It's not enough to just look at "comps", but one needs to look at what is the competition in the marketplace. Sprit boats w/swept-back rigs, RF jibs, requiring fewer crew... OD classes with locally better competition...  this boat is looking for someone who wants a big-ish PHRF baot to race in a mixed-fleet, and (hopefully) understands that they will have higher operating costs at the very least due to sail wardrobe requiremnets, than say an  owner of a J105. Also needs a buyer who is not daunted by the prospect of finding 9-10 crew on a regular basis. That is becoming a smaller and smaller niche in the buyer population, methinks.

I think you're spot on as the pool of buyers looking for a boat like ours.  However,  we do pretty well in our mixed fleet of Carkeek40, M32, J111, J109, J36's, especially in mid to upper wind ranges.  Also, we generally have a waiting list for crew.  I like to think it's because the boat is an exceptionally good sailing boat that we keep in top shape (and furnish premium beer!).  P.S.  nice artwork.

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25 minutes ago, voodoochile said:

I think you're spot on as the pool of buyers looking for a boat like ours.  However,  we do pretty well in our mixed fleet of Carkeek40, M32, J111, J109, J36's, especially in mid to upper wind ranges.  Also, we generally have a waiting list for crew.  I like to think it's because the boat is an exceptionally good sailing boat that we keep in top shape (and furnish premium beer!).  P.S.  nice artwork.

No boat is ever perfect. She is in great shape. The next owner can modify her to be more in line for what they perceive they want or need. Deck shots, winches and cockpit layouts to help the next owner visualize how they would personalize it. 

Question for you.

Why are you selling a capable boat that has brought you so much many days of friendship, fun and enjoyment? 

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1 hour ago, voodoochile said:

Farr did a nice job with the listing format 2 two years ago...description, pics, etc.  But we got zero responses, maybe price?  We've now lowered the price by $10K in addition to adding several new sails and repainting inside and out.  I've gotten 3 responses so far from the SA ad and hopefully will get a buyer.  We're open to offers and are responsive to any inquiry.  As mentioned, we are not on the FYS site currently, just have the expired listing still on the internet which I have no idea of how to take down. Sorta like those pics of your old girlfriend!  

Vooodooo, listen, don't get me wrong, you asked for advice on SA and as we all know, this place has a personality.....

A dozen or so years ago I was selling a Frers 42 I owned from day one. She was going on 20+ years old, well equipped, well maintained and updated, with recently rebuilt engine. Boat new was like in the 165k range I guess and so I asked for like 125K. It took a while to get any viable offers. One of the early ones was a guy who asked if I would take a Pearson 40 (the whale belly CB boat) and cash. And that was the best I would get until I became "realisitc" in my ask. It took me like 21/2years to get towards realistic, lowering the price to sub 100K. That made the phone ring but still no viable buyers. Sub 90K saw the boat finally move with an agreed price just shy of 80K. It hurts, she was worth so much more to me and in comps worth north of 100K. End of the day it didn't matter what I thought, what the broker thought, what the market suggested and ultimately what she was "really" worth. What mattered was, and the only thing that mattered, was what it took to get to closing.
I do wish you luck. The season is still a bit off and maybe come March you will get some interest. But there will come a time when you have to look in the mirror and ask yourself how much longer you wish to own her. That is all I am saying.
Good Luck.

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12 hours ago, Grande Mastere Dreade said:

dang, i was going to bid $50,  i'm way over bidding..  so I'll start at  $3.00 no hollar..

I’ll see your 3.00 and raise you 5 peso 

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1 hour ago, Black Jack said:

No boat is ever perfect. She is in great shape. The next owner can modify her to be more in line for what they perceive they want or need. Deck shots, winches and cockpit layouts to help the next owner visualize how they would personalize it. 

Question for you.

Why are you selling a capable boat that has brought you so much many days of friendship, fun and enjoyment? 

I'm 72.  Two full knee replacements, fused spine, both rotators f'd from 50 yrs. of volleyball....I now want a wheel for some stability!  I'll post some deck/cockpit shots.  

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1 hour ago, quod umbra said:

Vooodooo, listen, don't get me wrong, you asked for advice on SA and as we all know, this place has a personality.....

A dozen or so years ago I was selling a Frers 42 I owned from day one. She was going on 20+ years old, well equipped, well maintained and updated, with recently rebuilt engine. Boat new was like in the 165k range I guess and so I asked for like 125K. It took a while to get any viable offers. One of the early ones was a guy who asked if I would take a Pearson 40 (the whale belly CB boat) and cash. And that was the best I would get until I became "realisitc" in my ask. It took me like 21/2years to get towards realistic, lowering the price to sub 100K. That made the phone ring but still no viable buyers. Sub 90K saw the boat finally move with an agreed price just shy of 80K. It hurts, she was worth so much more to me and in comps worth north of 100K. End of the day it didn't matter what I thought, what the broker thought, what the market suggested and ultimately what she was "really" worth. What mattered was, and the only thing that mattered, was what it took to get to closing.
I do wish you luck. The season is still a bit off and maybe come March you will get some interest. But there will come a time when you have to look in the mirror and ask yourself how much longer you wish to own her. That is all I am saying.
Good Luck.

You're right...our boat was north of $225K new in 1989.  We paid $60K for it 12 yrs. ago. Brokers said $55K, that didn't work so we gave $45K a shot. We won't hesitate to drop if we don't get any response.  Thanks for your input!

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I looked at the Tripp 37 in Canada - needed some work (new electronics, etc), so not a completely comparable boat.  Include a link or post photos of the new engine and the entire down below - make sure to mention how much headroom.  

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7 minutes ago, KC64000 said:

I looked at the Tripp 37 in Canada - needed some work (new electronics, etc), so not a completely comparable boat.  Include a link or post photos of the new engine and the entire down below - make sure to mention how much headroom.  

Here's the old Farr ad which has pics of all that.   https://www.farryachtsales.com/sales/boat/1989-custom-built-tripp-38-holby-marine   .  I'm having problems uploading files to the SA classified site.  As mentioned above, no longer with Farr and asking price is $45K.  The first Tripp 38 was custom built for a guy in New York who liked the 37 but wanted a more up to date/faster/IMS targeted boat.  Our boat is hull #2, the only other one built.  

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2 hours ago, voodoochile said:

I think you're spot on as the pool of buyers looking for a boat like ours.  However,  we do pretty well in our mixed fleet of Carkeek40, M32, J111, J109, J36's, especially in mid to upper wind ranges.  Also, we generally have a waiting list for crew.  I like to think it's because the boat is an exceptionally good sailing boat that we keep in top shape (and furnish premium beer!).  P.S.  nice artwork.

It's clearly a good boat and you've maintained her well, and competitively - I know somewhat of the area, having sailed out of HYC when I lived in the area 2001-2006 (I think back then you had the Tripp 33?). Anyhow, it's a matter of finding the right buyer - for some guy/gal it is the "right" boat at an OK price... it will come down to how long it takes to find that buyer, vs how soon you really want to be done with it. As the price goes down, the boat becomes more attractive to a wider pool of buyers, obviously.

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50 minutes ago, JoeO said:

It's clearly a good boat and you've maintained her well, and competitively - I know somewhat of the area, having sailed out of HYC when I lived in the area 2001-2006 (I think back then you had the Tripp 33?). Anyhow, it's a matter of finding the right buyer - for some guy/gal it is the "right" boat at an OK price... it will come down to how long it takes to find that buyer, vs how soon you really want to be done with it. As the price goes down, the boat becomes more attractive to a wider pool of buyers, obviously.

Did you race in Hampton?   What boat?

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3 minutes ago, JoeO said:

Yes, with Sanford (Kahuna). I think I was the token yankee.

Great boat!  You guys were always slugging it out with Sled on Meridian (?) or was it Sheherizod? He changes boats like I change socks.  Voodoo is actually one of Sled's old boats (Promises), he was the second owner.  We didn't get the 38 until Spring of '08.  The 33 was a fun boat but was a Carrol boat and it was time to move on. The 38 remains really stiff. 

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23 hours ago, voodoochile said:

I've listed our '89 Holby Tripp 38 in the SA classifieds at $45K.  Lot's of upgrades, new paint, great sail inventory, repowered, replaced standing rigging. It's a great sailing boat!  I've gotten a couple inquiries, but wonder if my price is too high.  Bullshit aside, what's it worth?  Thanks, Voodoochile\

May be an image of one or more people, people boat racing, sailboat and ocean

If you were close to San Diego we could do a RetroBoat on it.

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Is this the former Promises?

Promises was a 1989 that sold in Annapolis in 2006 for $68,000. Just factor in 15 more years of depreciation :-)

There was a 1988 that was in St Marys maybe donated to the college. She sold for 28K (Fitikoko) then went to Chicago and sold in 2008 for 36,500. 10/2008.

The 2008 sale looked like a pretty sweet ride.

I bought a 1984 or so NY36 for 17K, spent 125K on a refit and sold it for 21K. 

So noodle all that and drop the price to 29,500. if she is healthy and take $22-25   

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4 hours ago, voodoochile said:

I'm 72.  Two full knee replacements, fused spine, both rotators f'd from 50 yrs. of volleyball....I now want a wheel for some stability!  I'll post some deck/cockpit shots.  

Sounds like you should be getting craned onboard.:D

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3 hours ago, voodoochile said:

Great boat!  You guys were always slugging it out with Sled on Meridian (?) or was it Sheherizod? He changes boats like I change socks.  Voodoo is actually one of Sled's old boats (Promises), he was the second owner.  We didn't get the 38 until Spring of '08.  The 33 was a fun boat but was a Carrol boat and it was time to move on. The 38 remains really stiff. 

Yeah we raced first against the Taylor 40 then the Farr 36. But I left the area before we had raced against Meridian much. No doubt the Tripp 38 was a great step up from the 33 as far as quality and to me is a more atractive boat.

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personal opinion, I think it's a pretty decent buy for that asking price. I know a few folks who've crewed on it.

That boat has provided a lot of fun to a good number of people, and still has a lot of fun left in her. 

Good luck with selling it. What's next?

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14 hours ago, Greyhound37 said:

Is this the former Promises?

Promises was a 1989 that sold in Annapolis in 2006 for $68,000. Just factor in 15 more years of depreciation :-)

There was a 1988 that was in St Marys maybe donated to the college. She sold for 28K (Fitikoko) then went to Chicago and sold in 2008 for 36,500. 10/2008.

The 2008 sale looked like a pretty sweet ride.

I bought a 1984 or so NY36 for 17K, spent 125K on a refit and sold it for 21K. 

So noodle all that and drop the price to 29,500. if she is healthy and take $22-25   

Same boat. New York to Hampton to St Marys to Atown.  Fiti is now in St. Pete.  We've done NOODS on her for the past 5-6 years. They're nearly identical despite different builders.

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12 hours ago, Bump-n-Grind said:

personal opinion, I think it's a pretty decent buy for that asking price. I know a few folks who've crewed on it.

That boat has provided a lot of fun to a good number of people, and still has a lot of fun left in her. 

Good luck with selling it. What's next?

We're liking a Tripp 41, Sydney 38 or 40.

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23 hours ago, Jackdaw said:

Indeed. I saw masthead rig and my heart sank.

OK guys, I'm confused.  If you are racing PHRF, what the heck is wrong with a masthead, aluminum, inline spreader rig?  There are many great boats for PHRF racing with that kind of rig.  My old S2 9.1 is a great example, as is the Olson 911S, the J-35, etc, etc, etc.  OBTW,  I raced in Hampton Roads for for many years before moving out to Socal and Voodoo has always run a class program, and the boat was always well cared for and nicely equipped to race.  

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4 hours ago, Sail4beer said:

I have only had 2 bites on my boat for sale in the classifieds. Wait until late April to start worrying about the price being too high.

The fair price is what anyone is willing to pay , and that goes for anything, boats ,cars, houses ,sex bitcoins.......................................

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19 hours ago, Greyhound37 said:

Is this the former Promises?

Promises was a 1989 that sold in Annapolis in 2006 for $68,000. Just factor in 15 more years of depreciation :-)

There was a 1988 that was in St Marys maybe donated to the college. She sold for 28K (Fitikoko) then went to Chicago and sold in 2008 for 36,500. 10/2008.

The 2008 sale looked like a pretty sweet ride.

I bought a 1984 or so NY36 for 17K, spent 125K on a refit and sold it for 21K. 

So noodle all that and drop the price to 29,500. if she is healthy and take $22-25   

Prices after a college sail should always have an asterisk. Maintenance isn't a thing of importance and they always need TLC after being rode hard and put away wet by the kids.

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4 hours ago, Crash said:

OK guys, I'm confused.  If you are racing PHRF, what the heck is wrong with a masthead, aluminum, inline spreader rig?  There are many great boats for PHRF racing with that kind of rig.  My old S2 9.1 is a great example, as is the Olson 911S, the J-35, etc, etc, etc.  OBTW,  I raced in Hampton Roads for for many years before moving out to Socal and Voodoo has always run a class program, and the boat was always well cared for and nicely equipped to race.  

Thanks Crash!  Our 3 owners are contractors (one now a boatyard owner)  and maintenance has been part of our enjoying the boat.  It's hauled every winter, bottom is meticulously maintained as is the rest of the boat. With 3 wallets, it doesn't hurt as much!  Consequently, we have pursued any and all of the boat's needs.  As to someone's comment on a "donated " boat, it was only at St.Mary's a year or so before it was bought and renewed by a very loving previous owner just before we bought her.  It's a foam core boat with an alum. grid frame bonded to the hull, so not much to go wrong there.  All loads are transferred to the frame, all the hull does is float the boat.  As to the rig, we are able to tune the rig and shape our sails incredibly!  Runners and checks and a hydraulic backstay let us power up, flatten out, stabilize, fraculate the rig forward downwind and so forth.  I don't see the advantage of swept spreaders.  

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10 hours ago, voodoochile said:

We're liking a Tripp 41, Sydney 38 or 40.

If it's still as light around there as I remember it, the S38 will struggle a bit - they are better in moderate/heavy air.

I'm biased... but how about a F40? Masthead kites in the light stuff keep them PHRF-competitive. There are some available at the same price points and not all have been ridden hard/put away wet.

 

BTW - the old ad is till on the FYS site, under the "Brokerage" tab, best speak to them:

https://www.farryachtsales.com/sales/boat/1989-custom-built-tripp-38-holby-marine

 

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If you were looking for recent market experiences, rather than life, money and market philosophy, I can share the following...

 

Advertising

I put my 1990 C&C 36R up for sale late last summer... listed it here, local and regional Craigslist ads and Facebook market place. In addition the ads posted on each site, I made a free Google Site to advertise the boat. This saved tons of time screening buyers... as most their questions were answered immediately.

Estimated Traffic:

  • 60%+  from Craigslist - though most were low ballers or non-boaters.
  • 30% from Sailing Anarchy - mostly West Coast folks, all knowledgeable and fun to chat with... and one knew more than I did in some aspects of the boat.
  • 10% from Facebook

I think my final buyer came from Craigslist, however there were 2 others from SA who were ready to be the back up in the end. For the money, traffic and interest, the SA ad was well worth it.
 

Pricing

I was purchasing another boat via a broker, and my boat was on the low side of their minimum, so we agreed I'd sell the boat on my own, and they'd help with coaching and data (Very grateful for this help!). They provided some comparable data with active listings and the sold data (more helpful), and I settled on $45k or $42.5k...as an initial price (I forget). I had plenty of time and it was a seller's market last summer was optimistic. After 4 weeks, I dropped to $40k and after another month or so got an offer... it was low but workable, and I wanted to be free of the boat before winter, so I settled out at $32,500 at closing. I might have been able to get $35k but... I also didn't want to risk having 2 boats and also really wanted to shift focus to the new boat.

 

Seller Survey or Not

While a seller's survey may be helpful, unless its very favorable to the boat and nearly spotless... it may not be in your best interest. My experience personally and professionally has shown a great inspector/surveyor can add context to their findings when talking directly with the buyer which is just not fully reflected in a report.  Surveys and inspection reports are 1 part report, 1 part negotiation tool for buyer and 1 part CYA tool for the inspector/surveyor. Most any well maintained older boat is going to have a laundry list of minor and moderate issues even when "this is a great boat in great condition compared to most of this age, design, etc." in the eyes and words of a surveyor. This list will likely scare off new or modestly experienced boat owners (most of your market) when they don't get to put the results in context with a surveyor or their own broker.

Additionally, when a buyer has already invested $500-1000 in haul and survey, they are more likely to negotiate out issues in good faith since there is a sunk cost on the line... not the most rational perspective, but it is human nature (something to keep in mind as a buyer... don't let sunk costs overcome good judgement of the big picture).

 

I hope this information helps....

 

Oh... and to answer your actual question... I can't really speak to your market, I would imagine a boat like yours in the PNW would be closer to $35k to $40k. I think our prices might be similar or slightly higher here.  With people's desire to 'get away' due to Covid, I would encourage you to play up the dual purpose capabilities of the boat... race on Wednesday, go fast cruising on Fri/Sat/Sun... people are desperate to get away from home right now!

Bottomline... your $45k is a great starting point... in my opinion. 

Good luck with it!

 

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Guess that totally depends on where you race it.  It’s been a very competitive boat on the Chesapeake under PHRF, and I can’t see why it wouldn’t continue that performance if sails and such are kept current.  Most of the fleet is as old/older so?

Sure you could spend 10x as much and have a new J/112E and have the same PRHF rating but a cruiser interior, or a new J/111 and be 20 secs faster with a similar interior...but running costs will be close to the same for all three boats, and the buy in is much lower on Voodoo2...

 

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Nice boat. I was sailing (an Olson 30 among other boats) in Bristol around the time these came out. Met Barrett Holby a few times. My $0.02: others have commented on figuring "who" your buyer is.  Your updated ad suggests PHRF racer. Would be good to indicate how many people you usually race with.  8, I suspect ? Helm, main trimmer, tactician/runners, jib/chute trimmers x2, pit, mast, bow.

Tiller and runners would be a minus for cruisers.

Though I personally prefer a tiller, a 38-footer is probably as big a boat as I'd want to sail with a tiller. But even that depends a bit on where you're sailing: sheltered flat waters tiller is good; offshore can be a handful in a 38-footer. I've spent a fair bit of time driving NY 36s and J35s with tillers and they can definitely be a lot of work in big winds and waves.

 

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On 2/12/2021 at 12:26 AM, voodoochile said:

We're liking a Tripp 41, Sydney 38 or 40.

"If it's still as light around there as I remember it, the S38 will struggle a bit - they are better in moderate/heavy air."

Second that comment. Sailed on a Sydney 38 and it was tricky to make them go in light air.

As far as the other two boats you mentioned: sure you want a boat with runners? I guess if you and your crew are used to them on the Tripp 38 you might not mind.

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10 hours ago, whoward said:

Nice boat. I was sailing (an Olson 30 among other boats) in Bristol around the time these came out. Met Barrett Holby a few times. My $0.02: others have commented on figuring "who" your buyer is.  Your updated ad suggests PHRF racer. Would be good to indicate how many people you usually race with.  8, I suspect ? Helm, main trimmer, tactician/runners, jib/chute trimmers x2, pit, mast, bow.

Tiller and runners would be a minus for cruisers.

Though I personally prefer a tiller, a 38-footer is probably as big a boat as I'd want to sail with a tiller. But even that depends a bit on where you're sailing: sheltered flat waters tiller is good; offshore can be a handful in a 38-footer. I've spent a fair bit of time driving NY 36s and J35s with tillers and they can definitely be a lot of work in big winds and waves.

 

We're for sure not a cruiser.  We've optimized for windward/leeward particularly.  We've done medium distance races with as few as 7, but buoy races require 9 minimum, 10 if breezy.  11 is nice in a blow, but traffic is tough on tacks.  As to steering, the 38 was designed to IMS and the hull shape is much more forgiving downwind in breeze.  The boat loves breeze, up and down!  NY 36 and J35 were more IOR and a handful downhill in big wind and waves.  We sail DDW in 17kn +, even 180 degrees + off waves. Full crew for us would include :

Bow, mast, pit, 2-3 trimmers (one to release, 2 to tail/grind), spin trimmer, helm, main, navigator/tactician, utility(squirrel/beer bitch)

PHRF in St.Pete where our sister boat sails has no limit on crew and we've sailed well in breeze with 13 crew...flat is fast!  Our displacement to ballast is 55% so it's a stable boat.  

You're 100% right about our market, it's limited. But you can get a really good platform for not a lot of $.  

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On 2/10/2021 at 12:08 PM, voodoochile said:

Also, we generally have a waiting list for crew.  

That’s because you’re good dudes and fun to sail with. I can vouch that this boat has been well cared for and upgraded. I think a seller’s survey will check out nicely. 

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On 2/10/2021 at 7:26 AM, JoeO said:

https://www.sailboatlistings.com/view/77092

I'd say based on these "comps", your ask is a bit high. I'd suggest upper 30's if you're serious about a quick sale. And "I am not a broker", nor do I play one on TV.... but I used to be a (part-time) race boat broker in the late 90s, and this was one way to  see if prices were in the ball park (and of course, we had access to actual "sold" values, not just "asks").

Found a video of the listing for Smoke and it indicates an asking price of  $12,500. 

Oddly enough, the video  listing it at $12,500 is dated Oct 2018 while the Sailboatlisting at +$18k is dated Dec 2018

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On 2/10/2021 at 5:58 PM, Greyhound37 said:

Is this the former Promises?

Promises was a 1989 that sold in Annapolis in 2006 for $68,000. Just factor in 15 more years of depreciation :-)

There was a 1988 that was in St Marys maybe donated to the college. She sold for 28K (Fitikoko) then went to Chicago and sold in 2008 for 36,500. 10/2008.

The 2008 sale looked like a pretty sweet ride.

I bought a 1984 or so NY36 for 17K, spent 125K on a refit and sold it for 21K. 

So noodle all that and drop the price to 29,500. if she is healthy and take $22-25   

Promises was a SMCM boat as well. I spent a lot of time on Fitikoko. Great boat to sail.

I second the donation suggestion. St. Mary’s would love to have the boat back. 

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On 2/11/2021 at 8:25 AM, voodoochile said:

Same boat. New York to Hampton to St Marys to Atown.  Fiti is now in St. Pete.  We've done NOODS on her for the past 5-6 years. They're nearly identical despite different builders.

Promises/Voodoo has a much nicer interior from what I recall.

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On 2/10/2021 at 11:22 AM, Former MDR Vandal 1 said:

As an aside, one of the best names I ever saw for a boat was for a Mark Lindsay built Tripp 38 – As Larks, Harmoniously  

That’s her sistership, now known as Warrior (née Fitikoko).

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Not being familiar with this design at all, but liking the looks very much I have to ask: is this boat cruisable too? If yes (bowroller, freshwater tankage, toilet, ...): why not advertise it in a way appealing for cruisers too?

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2 hours ago, tane said:

Not being familiar with this design at all, but liking the looks very much I have to ask: is this boat cruisable too? If yes (bowroller, freshwater tankage, toilet, ...): why not advertise it in a way appealing for cruisers too?

Well, that's the problem in a nutshell. Older racers don't carry much value 30 years later. Especially a masthead rig with large, expensive overlapping headsails, runners, checks, a tiller and requiring a sizeable crew to get optimal performance. It's a beautiful boat that I would love to own if I were in the market, but it's a race boat, not a family friendly cruiser. Look for someone that loves that style of boat and would like to move up from say a J-35. What fleets are left that have active participation in that rating band? There's your market. What they are willing to pay will be based on what they don't have to spend to be competitive out of the box. You've got to show potential buyers what makes your boat worth 10 or 15 thousand more than the comps. Sails, hardware, bottom job, perhaps local availability (no transport costs) etc. perhaps you would be willing to deliver the boat within a certain radius.

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