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Does a distress sale set the market?

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Old 12-06-2008, 03:26 PM
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Default Does a distress sale set the market?

There are some stellar bargains on used right now. We all know that.

My question: Does a single distress sale of a certain model set the market price?

I usually argue that it does NOT.

Lately though, I am led to believe that it does.

My reasoning is that even though we all recognize a distress sale when we see it, it becomes market.

Too many experts here will be sure to point out the previous sales prices when other boats come up for sale.

You hear people,( not pointing fingers), say things like:

1) Why should I pay xx when you only paid yy last year.

or

2) That boat isn't worth aa because so-n-so just paid bb for a similar model.

Many other examples I'm sure out there.

Anyone else have a thought?

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Old 12-06-2008, 03:35 PM
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It seems a small number of people HAVE to sell at any price. Those few sales, coupled by the large increase in discounted repo sales have made most any good, clean used boat a tough sell. Why should I pay reasonable market price on a boat when there are several similar boats (that might need a little work) available at 60-70% of that price......personally, I'm willing to gamble and buy the boat that needs a few things to make it "right".
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Old 12-06-2008, 03:54 PM
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how bout a SPECTACULAR boat at a STEAL of a price not selling?
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Old 12-06-2008, 04:44 PM
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it sure does in real estate. any apprasial will show the low dollar home. its killing the housing market with the "short sales". i would assume the same applies to boats...cars....ect. sucks but that is a sign of the times. Funny thing...never seen people on here *****in when they were getting top dollar for there crap. BUYERS market.
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Old 12-06-2008, 04:47 PM
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not to stir the pot but its everyones fault things got to this point. prices were going through the roof everyday and times were good and we just kept payin more and more and livin large. Moderation is not in the average americans vocabulary. Now we look at the situation were in and the finger pointing begins.
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Old 12-06-2008, 04:50 PM
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Anything that's actually selling is a distress sale.

http://cgi.ebay.com/ebaymotors/Boats...18#ht_1232wt_0

http://cgi.ebay.com/ebaymotors/Boats...8#ht_16096wt_0

http://cgi.ebay.com/ebaymotors/Boats...18#ht_1196wt_0

http://cgi.ebay.com/ebaymotors/Boats...1%7C240%3A1308

http://cgi.ebay.com/ebaymotors/Boats...318#ht_619wt_0
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Old 12-06-2008, 04:54 PM
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point made
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Old 12-06-2008, 05:00 PM
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are those two different sets of headers on that last one, the 03 Gadiator?
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Last edited by glassdave; 12-06-2008 at 05:03 PM.
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Old 12-06-2008, 05:08 PM
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Quote:
Originally Posted by glassdave View Post
are those two different sets of headers on that last one, the 03 Gadiator?
They look oretty different even with the shirt over her face. One of them has three legs.
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Old 12-06-2008, 05:22 PM
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Quote:
Originally Posted by glassdave View Post
are those two different sets of headers on that last one, the 03 Gadiator?
wow...
i had it surveyed and cozzi missed it!!!!
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