You failed to take one thing into consideration, Jim
Inflation. In 1996 I bought and restored a project boat and was able to get the original factory-dealer invoice. In 1979 the boat as equipped had a "list price" of $97k. Comparable new when I bought it in 1996 was around $190k. You may or not be old enough to remember the galloping inflation in the '80s that reduced the value of the USD to less than half it 1979 value by '96...keeping the price of a comparable new 1996 boat just about the same when adusted for inflation as it cost in '79.The boats that actually appeared to go up in value in the '80s were the '60s models, many of which were priced below $30k...they depreciated normally, but as the value of the dollar decreased, the value of many of these boats in depreciated dollars increased. But not in REAL value, 'cuz the same NEW boat that had a list price of $25k 1965 had to have a price tag of at least $65k in 1990 just to keep up with inflation. When the owner who paid $25k new sold it for $29K, he thought he'd actually made money...but not really.
Inflation. In 1996 I bought and restored a project boat and was able to get the original factory-dealer invoice. In 1979 the boat as equipped had a "list price" of $97k. Comparable new when I bought it in 1996 was around $190k. You may or not be old enough to remember the galloping inflation in the '80s that reduced the value of the USD to less than half it 1979 value by '96...keeping the price of a comparable new 1996 boat just about the same when adusted for inflation as it cost in '79.The boats that actually appeared to go up in value in the '80s were the '60s models, many of which were priced below $30k...they depreciated normally, but as the value of the dollar decreased, the value of many of these boats in depreciated dollars increased. But not in REAL value, 'cuz the same NEW boat that had a list price of $25k 1965 had to have a price tag of at least $65k in 1990 just to keep up with inflation. When the owner who paid $25k new sold it for $29K, he thought he'd actually made money...but not really.