I have been bargain yacht hunting for six years now and have now come to recognize that sometimes a superb deal on a used vessel can bring a greater sense of gratification and pride than the smell and shine of a new factory product. This year has been a banner year but…
I strongly believe boat auctions will continue to stir up some unprecedented savings for boat buyers in 2010 — and several years to come. There are still a lot of boat owners who can’t afford their mortgage right now let alone their 21′ Sea Ray. And once its repossessed — you can find it at auction.
However, finding legitimate auction sources, especially online can be a real chore. Whether you are a DIY’er or simply looking to find a discounted vessel, I have found the following sites without a doubt — the best public marine auctions sources available on the internet:
1. Boat Auctions Direct — This resource regularly aggregates in all nearly every marine auction source across the U.S. It is extremely detailed and also includes pwc’s, rv’s, atv’s, in addition to marine equipment auctions as well.
2. National Liquidators — Now this company is the largest auction house in the U.S. and practically carries the yacht auction industry in southeast Florida. NL will on average have 350-400 bank repossessed vessels at any given month.
3. Commonwealth Boat Brokers — By way of two locations in Virginia, CBB inventories acres of bank repossessions together with pwc’s.
4. Gov Deals — You don’t have to pay to view Government auctioned assets when you can access most of their seized items here for free. Just click the boating link and you can view current inventory up for bid.
5. Luxury Yachts at Auction — This auction site lists a directory that offers an extensive selection of yachts, sailboats, pontoons, Bayliners, trawlers, houseboats, performance, fishing and bassboats, including multiple other asset classes i.e. equipment and machinery.
6. Crashed Toys — is a specialty insurance and salvage auction company with numerous pick-up locations across the country. They specialize in seized, repossessed or salvaged cars, trucks, yachts, trailers, pwc’s motorcycles and more. Simply register to bid online.
I’ve subscribed to almost every free and/or paid membership auction site out there. And though many are beneficial, several are not practical for locating auctioned assets of any type.
WARNING: Be most notably cautious of ‘auction’ sites (mainly those sponsored listing ppc sites) that gratuitously offer ‘free’ repo listings in exchange for your name and e-mail, and other personal information. I’ve never got anything from these sites but a email box full of spam from other third party sites.
Anyway, the auction sources above certainly aren’t exhaustive, nonetheless I think you’ll find they should put you in front of a bargain boat pretty quick.