New Model Leopard 38

[gslabbert5119]

Originally Posted by MMNETSEA

Only 4 days out of Fortaleza Brazil - averaging 6.6 knots Spinnaker up. Catching Dorado - AWOB

Go baby go !!!. It would be nice to see the 38 at Annapolis, which due to economic reasons I will miss for the 1st time in 5 years. I think that little 38 arrives in the market at a perfect time, if it is priced correctly, anyone have an idea as to the price point?

Gavin

[MMNETSEA]

Averaged 7 knots for the last 24 hours. Saw the sun for the 1st time in 2 weeks! AWOB.

[MMNETSEA]

Originally Posted by gslabbert5119

anyone have an idea as to the price ?

Gavin

Hi Gavin,

Peter Wiersman of Leopard Catamaran Sales says the Base price is US $269K and with 0ptions that can take the price not far below $400K.

Richard

[gslabbert5119]

Originally Posted by MMNETSEA

Hi Gavin,

Peter Wiersman of Leopard Catamaran Sales says the Base price is US $269K and with 0ptions that can take the price not far below $400K.

Richard

Ouch, it may be positioned correctly but I doubt that it is priced correctly

[MMNETSEA]

Today midday - Tuesday about 400 nm to Fortaleza Brazil, 3 degrees 42' S x 38 degrees 28' W

Caught 2 Dorado Yesterday AWOB

[JimBLaurel]

Originally Posted by gslabbert5119

Ouch, it may be positioned correctly but I doubt that it is priced correctly

Gavin, just curious as I have no idea what the expected price for this range should be currently. I took a quick look (1 broker site, so take with a grain of salt), and the 4 to 7 year old boats in the size range were running around $200K - $220K. The Leopard 38 is probably running about $350K for a comparable boat new. What is your opinion on what the price point should be? Thanks.

[MMNETSEA]

Leo 38 should be off Fortaleza Brazil late Thursday night 10th Sept - no indication if they are going to stop to get a diesel fill up or continue the race to get to the boat show in time.

Averaging 6.7 knots SOG in a counter current.

[MMNETSEA]

At 1400 GMT 10 Sept; encountered rough conditions - 25+ knots wind about 70 NM East of Fortaleza'

[MMNETSEA]

From the 10th to the 11th the baby of the Fleet got a tramp on, managing the fastest day for the passage so far, averaging 8 knots over 200nm. By passed Fortaleza - Brazil. AWOB.

Now has to average 5 knots to get to Annapolis by the 8th October for the US Boat Show.

[MMNETSEA]

At 1500 GMT 13th L 38 at 1d 44' North x 45d 07' West - Flying Spinnaker about 6days from

Trinidad & Tobago AWOB

[JeanneP]

Looks like they might make it with minutes to spare! I wish them fair winds.

J

[MMNETSEA]

At 1500 GMT 14th Sept motor sailing, averaged 7.32 knots for 177nm over the previous 24 hours - position 3d 25 North x 47d 30' W

AWOB

[MMNETSEA]

At 1500 GMT 15th Sept motoring in NO wind, averaged 6.2 knots for 167nm over the previous 24 hours - position 5d 05' North x 49d 45' W

AWOB

[MMNETSEA]

At 1500 GMT 16th Sept. Spinnaker up in the morning , averaged 7.7 knots for 185nm over the previous 24 hours - position 6d 53' North x 52d 16' W

AWOB

[MMNETSEA]

At 1500 GMT 21 Sept . L38 stopped in St Lucia - Tortola to pick up Fuel

AWOB

[gslabbert5119]

Originally Posted by JimBLaurel

Gavin, just curious as I have no idea what the expected price for this range should be currently. I took a quick look (1 broker site, so take with a grain of salt), and the 4 to 7 year old boats in the size range were running around $200K - $220K. The Leopard 38 is probably running about $350K for a comparable boat new. What is your opinion on what the price point should be? Thanks.

The Leopard is no doubt priced well in a sellers market but in my research I have found new 40ft Catamarans very well rigged below $350k and 2007's in the $300k range and many under $275k. Asking / listing price is one thing, but actual sales price is quite a different matter and yachts, Catamarans or monohulls that are not aggressively priced spend a year or 2 on the market. In a weak economy luxury items are the 1st to take the hit and the last to recover and we are not close to getting out of this economic mess and profit margins need to be much tighter. Selling 2 boats at 10% over cost beats selling no boats at 50% over cost which I honestly believe is at least the mark-up on most of today's Catamarans, however smarter people than I have done their economic studies and set their pricing in accordance to their business model and financial position.

I recently saw a 2008 40ft Cat (used) for $325k that was bought new for $538k and this Leopard is a 38ft and quite a bit smaller than that 40ft and 2ft in a Catamaran when discussing manufacturing costs is huge when you look at materials used.

In today's market I would think that a well fitted out 2010 38ft should be priced under $300k. JMO

Gavin

[albertaw]

8 years ago (2001 also a financial slump) the Leopard 38 listed at US$289K. Moorings typically offered a US$20K discount. Today those boats are trading at US$170K to US$180K. Take from that what you will.

Since then material prices have climbed, as has labor, so it would be fair for the list price to also climb. IMO sub 300K for a Leopard 38 is unrealistic. Mid 3's sounds right to me, especially considering that most will have their depreciation paid for by charterers.

Dave

[MMNETSEA]

I guess you are aware that this Leopard 38 is a completely new design ? Only resemblance being the is the LOA measurement

[MMNETSEA]

Today, 25th Sept at 1600 GMT the new L38 should be around 1200nm from the Annapolis Boat Show. Which if all goes well, the boat needs to average 85nm/day at 3.5kts. (should be able to make it withe days to spare)

[albertaw]

Yes, apples and oranges. Personally, I'm a big fan of the Alexis designs. To me they represent the best of traditional South African Cats. Designed for rough water and capable of "rounding the horn", built like a tank and incredibly stable. To me, those are benefits that I wouldn't trade for anything.

This summer I spent two months on a 40' (2005) followed by 2 months on my own 38' (2000), so I feel I have a solid empirical basis for comparison. My initial impression of the 40 was one of utter disappointment (with the exception of that fridge/ freezer...Wow) However, after time on board, and several conversations with the powers that be at TUI, I came to appreciate the new designs for what they are.

These new boats are coastal cruisers. Why would a charter company need a boat that can round a horn ? It's clear to me now in hind-sight, the Alexis Leopards were overbuilt for their purpose and the move to more charter/cruising friendly design makes sense. Lighter weight, fuel efficient, more head room, better visibility, (sliding doors????) ... Significantly nicer at anchor, which is where these boats will be for 95% of their lives.

I have no doubt this new 38 will follow that trend. What I see in the pics comes as no surprise. I think cruisers' will love this boat.

Dave