2010 57ft Jeanneau in need of repairs - $95k.

yachthub.com/list/yachts-for-sale/used/sail-monohulls/jeanneau-jeanneau-57-ds-sun-odyssey/240769

Worth a look but the taxes could be a killer if vessel has been imported. They're based on yacht value not purchase price.
Upkeep on a 57 to me is a bit daunting. Enough on my 39.

Was this the drug bust boat?

No pictures of downstairs.

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Yara said..
Was this the drug bust boat?

Believe so, I wouldn't want to be sailing it internationally, every customs department world wide will know the history, even after a name change.

Boat is selling by auctioneer. I believe the auctioneer has to provide clear title to the goods, with nothing owing, but any buyer should check that this is the case.

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Trek said..
No pictures of downstairs.

It will be in flat pack with no instructions!

Half the rudder is missing, looks like some sort of grounding, I wonder if there is structural damage.
Don't like the chances of that bowthruster still working. Nav instruments have been ripped out. The electric furler has seen better days and may have to be replaced. I assume the list of seized and broken things will go on...

If it is the drug boat it ended up on the rocks and was there for some hours.

I think it held together ok considering

Customs and federal police would of pulled the inside of the boat apart looking for evidence and further drugs

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UncleBob said..

Yara said..
Was this the drug bust boat?

Believe so, I wouldn't want to be sailing it internationally, every customs department world wide will know the history, even after a name change.

Perhaps the new name for it could be "Coke Zero".

I would think another $100 k to fix and pay expenses.

liquidassets.net.au/2010-jeanneau-57-ds-sun-odyssey-yacht-online-auction/

Anyone get the link for the YouTube video of underwater.

Im interested in this! Might take a drive up for a look.

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FreeRadical said..

Anyone get the link for the YouTube video of underwater.

Here you go.
?t=13

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southace said..
I would think another $100 k to fix and pay expenses.

How did you come up that figure SA?

With out looking into it futher, 100k would cover at the least new electronics, new rudder/repairs , slipping and antifouling and associated costs.

Note that the video does not look at the keel/hull joint. Maybe the diver did not know that could be critical? Looks like the rudder damage was a sacrificial failure, part of a design to ensure the rudder stock does not pull out of the boat and sink it.

I don't think it was holed, there are pictures of it when it got towed in the Geraldton sitting fine.

Being a police seized item, I don't suppose there is a reserve price? Someone could get a bargain, it's a $500k+ yacht in good condition.

Thats alot of boat at the money, even with another $100 k spent, you'd have a very capable vessel. Id suggest the internal fitout is basic, as there was a lot of drugs in their and that would be a big part of cost..

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FreeRadical said...
Im interested in this! Might take a drive up for a look.

Thinking of a quick flip or something more long term???

The drug cartel standing over your bed at 3AM....Thick Russian accent......Victor wants his yacht back.....But, but ,hum, I got it from the Police auction......As I said Victor wants his yacht back!!

I wonder how the duty would be calculated...if any..as its a seizure? Will do some digging. That will be the issue I recon. Would suit private owner and not a flipping option as the boat will always be at a discount due to the very public grounding..... Minimum drop the keel / rudder stock out and replace all fittings/ survey NDT/ X-ray keel fixing area hope no bearing/ gearbox / prop shaft damage. I would count as a minimum 100k contingency works to get it to a seaworthy base line, not counting Nav / standing rigging / sail condition. Will go and have a look though. Or just drop the mast and have a cool motor cruiser with the VW TD engine...

It not what you get for the money, when buying a boat, its to how much its going to cost you in time and money to get it right.

www.mysailing.com.au/boats/yacht-up-for-auction-after-major-wa-drug-bust

Anyone bidding?

Closes tomorrow! Doing better than I thought it would.

liquidassets.hibid.com/catalog/191495/2010-jeanneau-57-ds-sun-odyssey-yacht/

Myself and a mate checked it out. Was too expensive with potentially a lot of work, not saving massive amounts.

The last bid I saw was around $240k mark.
Bidding has closed, anyone know how much it went for in the end?
It doesn't say on the website.

Not sure what it went for, but assuming it went for about 250k, adding 11% auction fee, 10% Import duty and 5% GST on customs estimated value would see you handing over about 340k before you can step aboard and start any repairs.?

Maybe Victor decided to buy it back rather than breaking someone's knee caps.

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jev7337 said..
Not sure what it went for, but assuming it went for about 250k, adding 11% auction fee, 10% Import duty and 5% GST on customs estimated value would see you handing over about 340k before you can step aboard and start any repairs.?

Maybe Victor decided to buy it back rather than breaking someone's knee caps.

I asked the auctioneer about import duty and he said there would be none to pay as it has been seized and the Government own it. Don't know about the GST though....