I think a number of things have changed. Us baby boomers and older have way different priorities than we once did. I know some that really got into the car restoration buying, some did spend a great deal on old boats as well. It's an expensive hobby, and one that is generally more appreciated by older folks. Same as our older cars from years gone by.
Perhaps it's the point in time where most of those that could afford it, have Beenn There, Done that. Wealthier folks got into he expensive replicas, many that have fantastic and updated interiors and are fairly easy to maintain.
The economy probably just sped up the process.
I just wonder how many of today's "new" boats would be worth restoring in 20-50 years?
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