The surveyor plainly spoke that he was unable to put a Valuation as to the true worth of what he called an outstanding and one of a kind vessel, with such a detailed, hand made build by Horst Diegnamm, using the best materials possible.
But of course we agreed to put a price on the Vessel as stated “for insurance purposes only”, as required for ongoing insurance coverage.
In recent years, the American made GRP and Timber 1970 to 1980 versions of the Freya boats fetch between AUD $100,000 to AUD $160,000, depending on their condition and whether or not they were built by the US production company in later years. However, special custom builds, like our “Merops”, of which there are only a handful in the world are worth a good deal more, in the rare event that they do return to the market. Most are to found in Commercial Survey, as Charter boats. And, of course, the original Freya 39, built in Sydney, Australia by the Halvorsen family, originally was recently sold at a price, befitting it’s reputation and heritage.
Our “Merops”, built to last for generations to come, as one man’s passion and legacy has entered into the realm of the ‘priceless’, being that it truly is one of a kind.
However, although the same boat could not be realistically built today for the same cost, there will be a special someone who will appreciate all that it is and we will find some appropriate value to be able to hand over our vessel to someone who will continue the adventure.
Although Merops is very much loved, we want to help find her next custodian, before we get too old for our (still ongoing) adventures.
Since this vessel is a unique build, using materials such as Corten steel and Stainless Steel, with artisan work by Horst Diegnamm (of Halvorsen) and bespoke woodwork throughout, it brings the worth of this rare Halvorsen Freya upwards.
When we purchased this yacht, the price was POA. Although the asking price is commercial in confidence, we can confirm that it was commensurate with the rarity, prestige and quality of the build.
Please enquire directly via the contact form here, for the updated asking price, following the contemporary market valuation, and the best advice. And of course, feel free to contact us for more details, inventory, photos and discussion.
Our surveyor told us he could not put a price on it's true value.
So we agreed on an affordable Insurance value.
INITIAL advice from High Latitude Expedition Sailors suggest that our vessel could worth as much as USD $195k. However. we have it insured for significantly less, as it would be impossible to rebuild this boat for anything less than a million in today's terms.
It was bought as a Deceased Estate, with no real handover available to us. The next custodian will have the benefit of our experience to enable a proper and thorough handover - as such a specialised/custom boat as this truly requires.
We hope to see a Serious Sailor or group of sailors who will take MEROPS to the Remote Places she is capable of reaching. This is the proverbial “End of the World” boat!