Why Young Buyers Are Snapping Up Vintage Wooden Boats

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Why Young Buyers Are Snapping Up Vintage Wooden Boats
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The retro boat style is experiencing a comeback with a new generation of owners who favor quality over quantity.

Varnished mahogany, pinstriped decks and stylish chrome are an enticing combination. But interest exploded again during the pandemic as people began to work remotely, often from second homes. “It created an unprecedented demand for vintage boats as a corollary to the lake home,” Bortner says. “People from [age] 40 to 60 who’d always wanted one started to buy them.”, the 6,000-owner organization with 53 chapters in North America and France, saw 500 new members enter its ranks last year.

That’s the good news—kind of. Any initial price tag can be deceiving, since owners can expect to pay an average of 10 percent of the cost of the boat per year for maintenance, varnishing and storage. And if restoration is needed, count on spending serious money. “I warn buyers that it might require an investment that’s about twice the market value after it’s restored,” Bortner says. “It’s best to be the first guy in line after the guy who restored it.”in Fort Lauderdale, Fla.

And, as with art, historical preservation is a key for some owners. “When we bought the boats, we were thinking of restoring great artisan products,” says Steve Luczo, owner of two Aquarama models on’s Lake Iseo. “It’s always been part of the plan to have the kids inherit the boats. We taught them, ‘You don’t collect to accumulate stuff, but because it’s a preservation endeavor.’ ”

Or perhaps there’s just something about woodies. Bruce Paddock, who bought his first Riva Aquarama in 2009, recalls going to a waterside restaurant near his home on Lake Minnetonka, Minn., and watching the diners flock outside to gawk. “You don’t see such distinctive mahogany vessels often,” he says. “Even people who don’t know about boats said, ‘That’s the most beautiful boat I’ve ever seen.’ There’s something they instinctively love about the design.

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