[PSUBS-MAILIST] Question

Sat Jun 7 08:57:00 EDT 2014

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This large sub - not functional, clss outdated and need a general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

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