[PSUBS-MAILIST] Question

Sat Jun 7 12:46:43 EDT 2014

I agree with you Hank, an item is worth what the market will bear. I
believe it was reduced in price one more time from $45,000 to $35,000
before it was pulled (or perhaps I am dreaming?).

Thanks for letting us know Alec, hopefully she'll dive again. ~ Douglas S.

On Sat, 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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