Morning Steamboat and guys....you hit it right on the head with a bunch of well known captains looking to throw in the towel at the end of this season.
This boat was given to a charity by Tommy's family, and I believe Tommy lived in Lynbrook for a number of years. From what I heard there were a few guys, one being the sons of another boat in the Bay that were looking to buy it and were 'tire-kicking', but they backed out because it 'was not the right deal', again from what I was told by a good source this spring.
So far there is 15 bids, with the amount as of 5am, 6600 dollars. Gives you a rough idea on what a 60 foot wooden fishing boat is worth in this market. Unless you are familiar with working on and keeping up with a wood boat, they can be a handful to keep up to Coast Guard standards these days.
Is it a good deal?
Maybe out of New York where this boat can work inside some Bay area with short runs and a strong tourist trade for a few months during the late spring till early fall period.
The days of running these boats off in the winter months are quickly passing, and with the cost of diesel continuing to rise, the money is not in running off the beach especially with light crowds, but staying and fishing in areas that are fishing friendly and tight to the beach.
It is a sad sign of the times, and many more of the boats we started fishing on years back will eventually either be sold, or just tied to the dock.
Steamboat you said it best....the party boat market is pretty much like holding one of a number of bank stocks....they continue to drop in value, are not cheap to operate anymore, and have little if any appreciation in value over the forseeable future.
As one captain said to me, it is best to get out before it is too late in selling your boat...if you do keep it, prepare to work a different job during the winter to make a living. With the future of fishing regulations being even more restrictive, and this whole nonsense about cutting the sea bass bag limits starting in 2009, what inshore fishery is left for a party boat owner to know he will have a consistent following during a season?
Many of us saw the best of this industry.....now we are going to see the most drastic changes for all fishermen from now and into the future.
EC NEWELL MAN><