[PSUBS-MAILIST] Question

Sat Jun 7 12:34:42 EDT 2014

Mark Ragan just bought Lake Diver, but I don't know how much he paid.

Best,

Alec

> On Jun 7, 2014, at 11:50 AM, hank pronk via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> 
> Douglas,
> I agree that Lake Diver at 45K was a fair price, yet it did not sell as far as I know.  I offered 25K for Lake diver a few years back.  In my mind, an item is worth what ever the highest offer is.  That Makes Lake Diver worth at least 25K
> Hank
> 
> 
> On Saturday, June 7, 2014 10:41:52 AM, hank pronk via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> 
> 
> Alec,
> Thank you for having faith, yes, I was back spacing and lost a zero.  :-)
> 
> 
> On Saturday, June 7, 2014 10:33:11 AM, Douglas Suhr via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> 
> 
> Ah, a plausible scenario Alec.  
> 
> 
> On Sat, Jun 7, 2014 at 10:15 AM, Alec Smyth via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> I suspect Hank just made a typo and dropped one zero, because about $25K for a K250 and $35K for a K350 would be normal prices. Otherwise, I'll be racing you Douglas in offering to buy all Hank's subs!
> 
> Best,
> 
> Alec
> 
> 
> On Sat, Jun 7, 2014 at 9:58 AM, Douglas Suhr via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> Hank, I like you very much and don't want to offend you here, but I must argue your rule of $10 / foot of dive capability. That would make a K-250 $2500 base price and K-350 $3500 base price? That doesn't seem to factor in the labor of hull construction at all. I do understand the point that you and Carsten are making, but I feel this is a classic example of "selling" ourselves short. Even a humble K-boat should be treated as a specialized vessel. 
> 
> Now Lake Diver was listed for a long time at $145,000 which in my opinion was probably asking a bit too much, but when reduced to $45,000 I felt that was fair. Hank, if you have any K-boats that you want off your hands for the price of your rule, please let me know :) ~ Douglas S. 
> 
> 
> On Sat, Jun 7, 2014 at 8:57 AM, "Carsten Standfuß " <personal_submersibles at psubs.org> wrote:
> Hi Scott the asking price for Peppers just as exsample is just the material cost.   
> 
> A sub like the blue one Arg.J. Without the engine and lead - I would not spend more than 1-2 K USD.
> Fact is I would not spend even 1 USD. Its a beautiful museums item but not more. 
> 
> A ocean going full operational Diesel Electric Psub without class like Euronaut is something 4-5 Mill USD. 
> Same with class - just double the figure. 
> 
> A K boat rusty hull - or a rusty propane tank sub I would not purchase - its cheaper to build a new hull. 
> 
> Many prices on the market are not realistic. The Seahorse was new some 25 Years ago 5 Mill USd - and over 
> 20 years for sale for 1,3. Nobody want it. now it is 0,13 and still nobody want it.. Same with some toursit sub out of class. 
> This large sub - not functional, clss outdated and need a general overhauld are not more worth than just the scrapp metal price. 
> 
> The Mantis is pretty old and without class - I would puchase it - but not for 40K as request. 
> Maybe 5 K is realistic. 
> 
> Vance knows the story. Many years ago I inspect the Margennaut at Ft. Lauderdale. 
> Asking price was just 20K USD not bad for a 13m - 30 ts sub.
> But I calculate tah trasnport, overhaul, rebuild to my requirements cos me another 130K. 
> On that days I decide to build my own sub. 
> 
> A second hand sub makes only sence if it in general fullfill your requirements list. 
> 
> vbr Carsten 
> 
> "hank pronk via Personal_Submersibles" <personal_submersibles at psubs.org> schrieb:
> Scott,
> That is a hard question to answer, I am sure many have struggled with it.
> What can you compare it too, a muscle car?  You can buy beautifully restored muscle cars for a fraction of the cost to build one.  PSUB's  also, are a labour of love, a toy, no different than a boat or a car. 
> All you can do is look at recent sales.  Lake Diver, a well proven sub did not sell for the asking price and was for sale for a long time. I think he was asking 45K.  I have no idea what the status is on it now.  A K350 sold at auction for under 20K If I recall.  I have my own  formula, for a base price,  10 dollars per foot of dive capability.  I think that number is about right, for a functioning non certified  PSUB.  I know some PSUB owners are saying "I would never sell for that"  but I think that is the reality.  Only the chosen few make money on a toy :-)
> Hank
>  
> 
> 
> On Saturday, June 7, 2014 7:07:02 AM, swaters via Personal_Submersibles <personal_submersibles at psubs.org> wrote:
> 
> 
> I know the price of a sub can vary greatly. I am just curious what does a turn key K-350 and K-250 sell for?
> Thanks,
> Scott Waters
> 
> 
> 
> 
> Sent from my U.S. Cellular© Smartphone
> 
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