Demand Increases for all types of boats – News from Sunday’s Auction at Runaway Bay Marina

Adrian Seiffert, Director of Marine Auctions said sale prices for all types of boats sold at their last regular boat auction, held at Runaway Bay Marina last Sunday, (May 27) increased by around 15 to 20% Adrian also said that the enquiry level for this auction was the best he has seen in the last 2 years, with a very strong interest coming from Brisbane which he believes can be attributable to the Queensland mining boom.  The majority of mining workers fly in and out of Brisbane with many of them living in the city and surrounding suburbs and many of the major corporations associated with the industry have offices in the CBD.

More than 500 people attended the auction with bidders coming from every state of Australia and also from New Zealand.  A substantial increase in absentee and telephone bidders was also experienced and of the 40 lots offered for sale, 50% of them were sold under the hammer and another 10 vessels are expected to be sold within the next two weeks.

Some of the vessels sold at the auction were

  • 1999 Perry 43 Sailing Catamaran sold for $222,000.
  • 2005 Sea Ray 270SLX sold for $53,575.
  • 2008 Bayliner 288 Discovery sold for $61,000.
  • 1996 Haines Hunter 580 SC sold for $20,000.
  • New Noble 5m without motor and trailer sold for $17,500.

Some of the boats that were passed in included

  • 1990 Riviera 39 Platinum passed in at $300,000 (reserve $325,000)
  • 2003 Mustang 3800 passed in at $85,000 (reserve $100,000)
  • Pacific 52 passed in at $200,000 (reserve $250,000)

Adrian was very pleased to see buyer demand increasing considerably over the last couple of months for all types of vessels, especially the top end of the market, with a lot of interest in the 50ft to 60ft range with a budget of around $1 to $3m.

Adrian said that while the values of used boats may struggle to achieve the solid prices they did a few years ago, he believes that now is the right time to buy as all indications point towards price increases over the coming months.

E adrian@marineauctions.com.au
W www.marineauctions.com.au

Demand Increases for all types of boats – News from Sundays's Auction at Runaway Bay Marina

Adrian Seiffert, Director of Marine Auctions said sale prices for all types of boats sold at their last regular boat auction, held at Runaway Bay Marina last Sunday, (May 27) increased by around 15 to 20% Adrian also said that the enquiry level for this auction was the best he has seen in the last 2 years, with a very strong interest coming from Brisbane which he believes can be attributable to the Queensland mining boom.  The majority of mining workers fly in and out of Brisbane with many of them living in the city and surrounding suburbs and many of the major corporations associated with the industry have offices in the CBD.

More than 500 people attended the auction with bidders coming from every state of Australia and also from New Zealand.  A substantial increase in absentee and telephone bidders was also experienced and of the 40 lots offered for sale, 50% of them were sold under the hammer and another 10 vessels are expected to be sold within the next two weeks.

Some of the vessels sold at the auction were

  • 1999 Perry 43 Sailing Catamaran sold for $222,000.
  • 2005 Sea Ray 270SLX sold for $53,575.
  • 2008 Bayliner 288 Discovery sold for $61,000.
  • 1996 Haines Hunter 580 SC sold for $20,000.
  • New Noble 5m without motor and trailer sold for $17,500.

Some of the boats that were passed in included

  • 1990 Riviera 39 Platinum passed in at $300,000 (reserve $325,000)
  • 2003 Mustang 3800 passed in at $85,000 (reserve $100,000)
  • Pacific 52 passed in at $200,000 (reserve $250,000)

Adrian was very pleased to see buyer demand increasing considerably over the last couple of months for all types of vessels, especially the top end of the market, with a lot of interest in the 50ft to 60ft range with a budget of around $1 to $3m.

Adrian said that while the values of used boats may struggle to achieve the solid prices they did a few years ago, he believes that now is the right time to buy as all indications point towards price increases over the coming months.

E adrian@marineauctions.com.au
W www.marineauctions.com.au

The Sanctuary Cove Boat Show is Here!

There has been a definite buzz on the waterways of the Gold Coast this week, in particular, at Runaway Bay Marina with the build up to the 2012 Sanctuary Cove International Boat Show. The Show officially opened to the public yesterday and we’ve had a bit of extra excitement at the Marina with the 92.5 Gold FM Morning Show broadcasting all week from a houseboat and paying us a visit at the Marina. Has been a lot of fun listening to their daily broadcasts.

 

We’ve got a lot of local business’s supporting the Boat Show with the likes of Riviera & Maritimo, Fairline Game & Leisure Boats, Bradford Marine, JD’s Boatshed, Action Boating, Runaway Bay Marine Service and Seapower.

 
A special mention of our tenants at Marine Auctions who will holding Auctions at the Show today and Saturday and here onsite at Runaway Bay Marina on Sunday 27th from 10am. For more information have a look at their website or give Bill a call on 0458 304 786.

 
The Sanctuary Cove International Boat Show runs until this Sunday 27th and we encourage everyone to go along and support the marine industry. Check out their official website for a program of events.

 
Remember, Runaway Bay Marina is a fantastic pick-up point for Water Taxi’s to the Boat Show and a great place to enjoy a few post-show beverages or meals at one of our many dining options at the Marina with Kleins Coffee, Bar and Grill, Ruffinos, Malay Paradise Restaurant or Portside Steak and Seafood.

 

 
Looking forward to a great weekend!