Re: M_Boats: The value of a Montgomery
Correct Jerry (except I'm a he...) I was just put off by an email I received whereby the person simply said "A bit high priced for a 91 don't you think". That was it..!! Nothing else to the email what-so-ever. It just pissed me off considering people just don't seem to get what a deal it is when someone is able to pick up a 15 for under $6k. A simple math check taking into consideration all parameters; demand, limited availability, build quality, current condition, sailing characteristics, beauty in design, replacement cost, etc. would easily dictate that at $7900 for my '91, it's a fair deal. But I digress, beauty is certainly in the eyes of the beholder as is worth. Again, I'm in no hurry to sell mine and frankly never seem to be convinced I'll ever fully want to part with her. My tug of war is with the 1ft-itis disease. But man I love my little 15..! Thanks for the great design Jerry. Sailed her this weekend in 18+ and man what a sail. Reefed main and full jib and she just got in her groove and drove to weather completely in her element. I appreciate all the emails in support of my position regarding value. I was beginning to worry I was loosing my mind..! Thanks all. Ashley M15 #478 ----- Original Message ---- From: jerry <jerry@jerrymontgomery.org> To: For and about Montgomery Sailboats <montgomery_boats@mailman.xmission.com> Sent: Thursday, March 22, 2007 4:30:09 AM Subject: Re: M_Boats: The value of a Montgomery I think she's saying she's with fed up with people low-balling her on the price! I've had those same emotions and I don't blame her. Jerry jerrymontgomery.org ----- Original Message ----- From: "W David Scobie" <wdscobie@yahoo.com> To: "Sailfan1" <sailfan1@yahoo.com>; "For and about Montgomery Sailboats" <montgomery_boats@mailman.xmission.com> Sent: Thursday, March 22, 2007 12:17 PM Subject: Re: M_Boats: The value of a Montgomery
i'm not understanding your point in this email. are you saying in general people pay to much for a monty? or, are you saying supply and demand will command a fair price? or other? i'm not following your message's thesis.
my opinion on anything boats (also works for cars, movies, houses, hometowns/states, college, sport team, etc ...): - what people want is their business - people have strong opinions about what they have/want - on the good and bad qualities when matching one boat to another: everyone is right while at the same time everyone else is wrong - if you have the money to spend, buy what you want (and don't give a damn what other say) - to you, your deal was better; to me, mine was better than yours - don't buy a boat thinking you will 'get back your investment'
if someone sends you an email saying your price is too high ... so what. if you can wait to sell, wait. i would have responded, "my price is firm." yes, four words and hit the 'send' button.
there are many fun parts to boating. one of them is debating boats. never ending and no one 'wins.' but if someone has a good bottle to pass the conversation is fun.
dave scobie M15 #288 (not yet named)
Sailfan1 <sailfan1@yahoo.com> wrote: Somehow I'm thinking I won't find many friends here on this but wanted to put this out there just the same as I think it's a good topic. I received a rather rude email this morning asking me the rhetorical question of if I thought my boat was priced too high. I asked the sender if this was supposed to be an intelligent question or if they were just trying to make a point. I pretty much sent the following email.
Perhaps you've heard the expression you get what you pay for?
It always amazes me how intelligent people fancy themselves when it comes to these boats. On the one hand there is almost a snobbery in regard to how much better they are than other boats of their size yet when they look for a used boat (buyers and voyeurs alike) they feel the price should be on par with the "inferior" (not my word) brand. Other brands in this size category sell in the $5k+ price range so why wouldn't good Monty's sell for more if they are indeed as most will say, a better built boat?
I recall a conversation I once had with the current builder of Montgomery's and in the discussion I off-handedly referred to the other most commonly associated brand, as being the same caliber of boat. At that point I thought I was being reprimanded by my own dad. I was duly and steadfastly reminded that Montgomery's were in no way in the same league or of the same caliber and that "these were real sailing boats not rowboats with sails".
My observation is people in the Montgomery used market sit around hoping a boat comes up for sale, preferably by some owner that can be taken advantage of who might not know the true market value, or they settle for a boat in rough and neglected shape then pat themselves on the back they only paid $5k but with a season of work ahead of them to make repairs and pretty them up.
Regardless that very good ones are out there and the trailers are in good working order, but that the price reflects the level of quality.
People even send emails in this very forum when they discover an M15 for sale at $5k or under eagerly wanting to share the find. As though gold bars have just been discovered at 50% off.
I have had a couple of people contact me, clearly knowing what I have listed the boat for, and yet only after exchanging some emails they say, oh it's a bit high for my budget despite their seeing the pictures and complementing how beautiful the condition my boat is in.
These people are silly in my opinion and frankly I think are only fishing to see if there's a sucker on the line. You either want a good quality used M15 or you don't. Your choice is to either buy a new one for $14k all in - and deal with the wait time - or buy an older, most likely abused or neglected 80's version, complete with steel shot keel, etc, for about $5k. As one person who contacted me put it, people usually sell boats when they aren't using them anymore. Most commonly this is correct and it more often translates to a boat that has indeed been left sitting outside in the weather to rot before taking the time to try and sell it.
An alternative is a well found 1991 boat, well cared for, garaged stored, bells and whistles such as lead ballast which has been preferred, extra rigging, and in ready to sail shape for a fair asking price IMHO. Yet in this niche market of buyers for these fine little yachts, there seems to have become an almost ignorant concept of what should be paid.
To answer the lame question my answer is obviously no. And since I am in no hurry to sell my boat I can afford to wait until an intelligent and reasonable new owner comes along. And frankly that's the kind of individual I'd prefer to sell the boat to anyway. If I even sell it at all.
I'm sure there will be several armchair replies to this email and most will more than likely slam me for having this opinion. But at the end of the day, the answer to the question of what is the true value of a Montgomery 15, is quite simply, whatever the right buyer is willing to pay.
Ashley M15 #478
____________________________________________________________________________ ________
Finding fabulous fares is fun. Let Yahoo! FareChase search your favorite travel sites to find flight and hotel bargains. http://farechase.yahoo.com/promo-generic-14795097
_______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
--------------------------------- We won't tell. Get more on shows you hate to love (and love to hate): Yahoo! TV's Guilty Pleasures list. _______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
-- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.446 / Virus Database: 268.18.17/730 - Release Date: 3/22/2007 7:44 AM
_______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats ____________________________________________________________________________________ Don't get soaked. Take a quick peek at the forecast with the Yahoo! Search weather shortcut. http://tools.search.yahoo.com/shortcuts/#loc_weather
Woops- sorry about that! Jerry jerrymontgomery.org ----- Original Message ----- From: "Sailfan1" <sailfan1@yahoo.com> To: "For and about Montgomery Sailboats" <montgomery_boats@mailman.xmission.com> Sent: Monday, March 26, 2007 3:21 PM Subject: Re: M_Boats: The value of a Montgomery
Correct Jerry (except I'm a he...) I was just put off by an email I received whereby the person simply said "A bit high priced for a 91 don't you think". That was it..!! Nothing else to the email what-so-ever. It just pissed me off considering people just don't seem to get what a deal it is when someone is able to pick up a 15 for under $6k.
A simple math check taking into consideration all parameters; demand, limited availability, build quality, current condition, sailing characteristics, beauty in design, replacement cost, etc. would easily dictate that at $7900 for my '91, it's a fair deal.
But I digress, beauty is certainly in the eyes of the beholder as is worth. Again, I'm in no hurry to sell mine and frankly never seem to be convinced I'll ever fully want to part with her. My tug of war is with the 1ft-itis disease. But man I love my little 15..! Thanks for the great design Jerry. Sailed her this weekend in 18+ and man what a sail. Reefed main and full jib and she just got in her groove and drove to weather completely in her element.
I appreciate all the emails in support of my position regarding value. I was beginning to worry I was loosing my mind..! Thanks all.
Ashley M15 #478
----- Original Message ---- From: jerry <jerry@jerrymontgomery.org> To: For and about Montgomery Sailboats <montgomery_boats@mailman.xmission.com> Sent: Thursday, March 22, 2007 4:30:09 AM Subject: Re: M_Boats: The value of a Montgomery
I think she's saying she's with fed up with people low-balling her on the price! I've had those same emotions and I don't blame her.
Jerry jerrymontgomery.org
----- Original Message ----- From: "W David Scobie" <wdscobie@yahoo.com> To: "Sailfan1" <sailfan1@yahoo.com>; "For and about Montgomery Sailboats" <montgomery_boats@mailman.xmission.com> Sent: Thursday, March 22, 2007 12:17 PM Subject: Re: M_Boats: The value of a Montgomery
i'm not understanding your point in this email. are you saying in general people pay to much for a monty? or, are you saying supply and demand will command a fair price? or other? i'm not following your message's thesis.
my opinion on anything boats (also works for cars, movies, houses, hometowns/states, college, sport team, etc ...): - what people want is their business - people have strong opinions about what they have/want - on the good and bad qualities when matching one boat to another: everyone is right while at the same time everyone else is wrong - if you have the money to spend, buy what you want (and don't give a damn what other say) - to you, your deal was better; to me, mine was better than yours - don't buy a boat thinking you will 'get back your investment'
if someone sends you an email saying your price is too high ... so what. if you can wait to sell, wait. i would have responded, "my price is firm." yes, four words and hit the 'send' button.
there are many fun parts to boating. one of them is debating boats. never ending and no one 'wins.' but if someone has a good bottle to pass the conversation is fun.
dave scobie M15 #288 (not yet named)
Sailfan1 <sailfan1@yahoo.com> wrote: Somehow I'm thinking I won't find many friends here on this but wanted to put this out there just the same as I think it's a good topic. I received a rather rude email this morning asking me the rhetorical question of if I thought my boat was priced too high. I asked the sender if this was supposed to be an intelligent question or if they were just trying to make a point. I pretty much sent the following email.
Perhaps you've heard the expression you get what you pay for?
It always amazes me how intelligent people fancy themselves when it comes to these boats. On the one hand there is almost a snobbery in regard to how much better they are than other boats of their size yet when they look for a used boat (buyers and voyeurs alike) they feel the price should be on par with the "inferior" (not my word) brand. Other brands in this size category sell in the $5k+ price range so why wouldn't good Monty's sell for more if they are indeed as most will say, a better built boat?
I recall a conversation I once had with the current builder of Montgomery's and in the discussion I off-handedly referred to the other most commonly associated brand, as being the same caliber of boat. At that point I thought I was being reprimanded by my own dad. I was duly and steadfastly reminded that Montgomery's were in no way in the same league or of the same caliber and that "these were real sailing boats not rowboats with sails".
My observation is people in the Montgomery used market sit around hoping a boat comes up for sale, preferably by some owner that can be taken advantage of who might not know the true market value, or they settle for a boat in rough and neglected shape then pat themselves on the back they only paid $5k but with a season of work ahead of them to make repairs and pretty them up.
Regardless that very good ones are out there and the trailers are in good working order, but that the price reflects the level of quality.
People even send emails in this very forum when they discover an M15 for sale at $5k or under eagerly wanting to share the find. As though gold bars have just been discovered at 50% off.
I have had a couple of people contact me, clearly knowing what I have listed the boat for, and yet only after exchanging some emails they say, oh it's a bit high for my budget despite their seeing the pictures and complementing how beautiful the condition my boat is in.
These people are silly in my opinion and frankly I think are only fishing to see if there's a sucker on the line. You either want a good quality used M15 or you don't. Your choice is to either buy a new one for $14k all in - and deal with the wait time - or buy an older, most likely abused or neglected 80's version, complete with steel shot keel, etc, for about $5k. As one person who contacted me put it, people usually sell boats when they aren't using them anymore. Most commonly this is correct and it more often translates to a boat that has indeed been left sitting outside in the weather to rot before taking the time to try and sell it.
An alternative is a well found 1991 boat, well cared for, garaged stored, bells and whistles such as lead ballast which has been preferred, extra rigging, and in ready to sail shape for a fair asking price IMHO. Yet in this niche market of buyers for these fine little yachts, there seems to have become an almost ignorant concept of what should be paid.
To answer the lame question my answer is obviously no. And since I am in no hurry to sell my boat I can afford to wait until an intelligent and reasonable new owner comes along. And frankly that's the kind of individual I'd prefer to sell the boat to anyway. If I even sell it at all.
I'm sure there will be several armchair replies to this email and most will more than likely slam me for having this opinion. But at the end of the day, the answer to the question of what is the true value of a Montgomery 15, is quite simply, whatever the right buyer is willing to pay.
Ashley M15 #478
____________________________________________________________________________
________
Finding fabulous fares is fun. Let Yahoo! FareChase search your favorite travel sites to find flight and hotel bargains. http://farechase.yahoo.com/promo-generic-14795097
_______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
--------------------------------- We won't tell. Get more on shows you hate to love (and love to hate): Yahoo! TV's Guilty Pleasures list. _______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
-- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.446 / Virus Database: 268.18.17/730 - Release Date: 3/22/2007 7:44 AM
_______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
____________________________________________________________________________ ________
Don't get soaked. Take a quick peek at the forecast with the Yahoo! Search weather shortcut. http://tools.search.yahoo.com/shortcuts/#loc_weather
_______________________________________________ http://mailman.xmission.com/cgi-bin/mailman/listinfo/montgomery_boats
-- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.446 / Virus Database: 268.18.18/734 - Release Date: 3/26/2007 2:31 PM
participants (2)
-
jerry -
Sailfan1