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Good point about checking the propane locker’s overboard drain hose or tube. When I bought my boat, the vent line was completely clogged with 30 years-worth of dirt that had found its way into that locker and gradually compacted in the line. I simply blew it clear with a couple of blasts from a garden hose from the outside.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Hi Norris,
Just curious: What do you mean about comparing 424 prices to Whitby 42’s for perspective?
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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John,
As I said, many factors go into the ultimate selling price of any boat. Your considerations were perfectly valid for that time and place. In the end, if you’re happy with your boat then you win. I think we all agree here there’s a lot more value in a boat than dollars.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Quent,
You’re absolutely right about most 424’s selling prices vs. what they cost their owners by the time they’re fully renovated. As we all know, many if not most of the 424’s for sale are a mess, having suffered the ravages of both age and neglect, a disastrous combination.
Even after a caring owner has renovated one of these boats, the real market resale value is to some extent limited by their selling price history. I used to own a yacht brokerage/dealership (http://www.AnchorYachts.com, east coast dealer for Valiant Yachts). One of the things I often did for my clients was provide fair market value (or fair purchase value) information for a given make/model used boat. For most of the past decade, the best source of this information has been from YachtWorld.com. They maintain a Sold Boat’s database that is available to their member brokers only. (You won’t find it on their public web site.) I still have access to the Member’s Only portions of YachtWorld through my former company’s continuing membership. This morning I pulled the data for the Pearson 424. It is attached for the group’s consideration.
There are many factors that go into the ultimate selling price of any boat. For my part, I anticipate that when I eventually sell my 424, I’ll recover most of the 6-figures I have invested in her to date, and none of the labor. That is to say, you’d better love fussing with your boat because you’re never going to get paid for your time. Happily for me, I have (mostly) enjoyed working on my boat thus far, and will enjoy cruising her all the more for having refit her with my own hands. My efforts may well be without monetary value, but the experience has, for me, been priceless.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Thanks for that input, Bill. I am certainly encouraged by all this. Even though my boat is loaded down for long-term liveaboard cruising, she’s still sitting well in the water and I expect she’ll perform up to the design’s high standard. Of course, I’ve raised the waterline some, but that’s almost a given for any liveaboard cruiser.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Rich,
Actually, some boats are selling, just as some houses are selling. Of course, the media would never mention anything like that. Fear sells.
A 424 selling so cheaply does bring down the average resale value of all 424’s, which is, indeed, sad for all of us. This one appears to be in good condition, but of course there’s no telling until she’s surveyed. Any boat that old can have… issues. Beyond that, photos and (some) yacht brokers can be deceiving.
Then again, she could be the deal of the decade. If I were in the market, I’d be on the next flight down there to find out.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Bob,
I don’t have any direct experience with Hunters or Beneteaus, so cannot compare. My last cruiser was a Crealock 37 and she was a trouper. Before that a steel Finesterre yawl, preceded by a 1927 William Hand designed gaff rigged ketch, and my first true love, a converted gaff-rigged lifeboat – plus an assortment of non-liveaboard boats in between. Each had her own style, as does this Pearson 424. I got a taste when I sailed Silver Heels the first few hundred miles to get to this boat yard, so I already know I will not be disappointed. Just getting itchy feet lately. I always did contract spring fever way early.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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I can hardly wait to do it myself!
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Thanks, Rich. Interesting to compare fuel consumption at 7.8 vs. 7.3 knots, data that can only be ascertained over a long period of use. I agree that heeling under sail is likely to increase the waterline length and, so, the hull speed. Am looking forward to finding all this out for myself before long.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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That sounds like a fine sail, Dan, and in an especially beautiful place! I have little doubt these boats will do 8 knots, although you can’t really know with certainty from a single GPS reading since the SOG will necessarily include the effect of any currents running at that time and place. (You might have been sailing 9 knots against a 1-knot current, or 7 with another 1 assisting.) A calibrated knot log to read true speed through the water is the ideal, but in lieu of that I’d settle for GPS readings averaged out over at least 2 (preferably 4 ) reciprocal courses. That way you’ve pretty much cancelled out the effect of the current, if there is one.
Of course, none of this matters a whole heck of a lot except for bragging rights. SOG is what counts for navigating.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Thanks, John. That confirms my expectations. All I’ve done is work on my boat since I bought her a little over 2 years ago. No one is more surprised than I (1) that I’ve actually done this, and (2) that I’ve enjoyed it so much. Still, there comes a time when the boat and the skipper really need to go sailing. Pretty soon I won’t have to ask about the 424’s underway characteristics, but will know them firsthand.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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I like to think of it as doing my part to stimulate the economy, with the added benefit of enhancing my lifestyle. Or maybe it’s the other way around.
Incidentally, the Simpson Lawrence manual windlass that came with my boat was in pretty good shape, not having been used too much in its long life. So after I removed it I cleaned it up, gave it a proper paint job (from zinc chromate primer to a presentable enamel paint finish), and posted it for sale on eBay. It fetched such an unexpectedly high price that it more than half paid for the new Lofrans 1500 electric windlass that replaced it. I was amazed and, of course, very pleased.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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John,
I understand the urge to waterproof that access hatch, but you might want to allow for some ventilation through the chain locker, too. Perhaps there’s no harm in leaving nylon line and galvanized chain permanently wet in a closed compartment, but it doesn’t seem like the ideal. I actually made a simple dorade that can perch over the open deck pipe in port, funneling a breeze into the chain locker. The slotted hatch in the forepeak bulkhead gives that air someplace to exit, creating a freshening, drying cross flow. (Of course, if you’ve been anchoring in a lot of cruddy places, it might also funnel a not so fresh odor into the cabin! But then it’s probably time to clean the locker.)
Just thoughts.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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Hi John,
I was striving for a full-size, divided chain locker with a solid foredeck over it. I can almost visualize the half anchor well you’re describing, but I’m not sure it’s worth having just to rinse chain. With a deck wash pump (visible in one of those photos) you can just spray the chain clean of mud as it rises from the water, before it reaches the roller.
I haven’t changed the trapezoidal door in the forepeak bulkhead, but could see adding four simple turnstile-type latches to secure the corners (or a single, full-width drop-down latch bar) if shifting chain tends to push the door open. I have not sailed this boat nearly enough yet to discover that kind of glitch. Am planning an East Coast shakedown cruise for that very purpose, though, before I head off for more distant landfalls.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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John,
Agreed on all counts (except I don’t recall anchoring in 50′ very often in the Med, and I spent 2+ years there). I may eventually wish I’d put more than 150′ of 3/8″ G4 on this primary anchor, a 45 lb CQR. Was trying to find a happy balance between possible needs vs. weight & cost. The chain is followed by 100′ of 5/8″ 3-strand nylon (with another 200′ in reserve). My second bow anchor, a cumbersome 66 lb Manta, carries 50′ of 3/8″ chain + 200′ rode. I should be fine for the Caribbean with what I’ve got. If I eventually head out to the Pacific maybe I’ll revisit the issue.
Tor
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Silver Heels, P-424 #17
http://www.SilverHeels.us
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