Real Estate Auctions by Keenan Auction Company
Keenan Auction Company Inc.
1 Runway Rd.
So. Portland, Maine 04106
Tel: (207) 885-5100
Email: info@keenanauction.com
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2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

2006 Ralph W. Stanley, Inc. 39’ Wood Lobster Yacht Auction Photo

Click an image for an enlarged version.

Auction 19-119

Public Auction
Preferred Ship’s Mortgage Sale
Pursuant To Order Of U.S. District Court For The District Of Maine

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2006 Ralph W. Stanley, Inc.
39’ Wood Lobster Yacht
M/V Sarah Holloway USCG #1182997
Stored Inside at 763 Commercial St., US Rt.1, Rockport, Maine

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Auction Date: Thursday, July 11, 2019 at 10AM on Premises at 763 Commercial St., US Rt. 1, Rockport, Maine
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A $25,000 deposit is required to bid at this auction. See terms below.

ONLINE BIDDING IS AVAILABLE BY CLICKING ON THE PROXIBID LOGO BELOW.
PROXIBID TO BE LIVE MON., JUNE 10, 2019

Proxibid - Live Internet Bidding

The Sarah Holloway is a well maintained wood lobster yacht built by the highly regarded Ralph W. Stanley yard of Southwest Harbor, Maine. True to the traditional downeast Maine lobster boat design, she is a sturdy vessel and is well appointed. The cabin area on board is rather large for a vessel of this size and style. The main saloon has a galley with a stove and sink and is fitted with ample storage. There is a sitting area along the starboard side, a head along the port side, and a v-berth.

Vessel Information

Vessel Name: Sarah Holloway
Port: Monhegan Island
Builder: Ralph W. Stanley, Inc.
Year Built: 2006
Vessel Type: Wood Lobster yacht
Hours: 446
USCG Document Number: 1182997
Hull Number: RWL000370406
Length on Deck (LOD): 39' (per USCG Documentation)
Beam: 12' - 8" (per USCG Documentation)
Draft: 5' - 8" (per USCG Documentation)
Hull Material: Wood, cedar planking on oak frames, bronze fastened
Decking Material: Plywood/fiberglass, Douglas fir cockpit decking
Deck House Material: Plywood/Fiberglass
Main Engine Make: Yanmar
Fuel Type: Diesel
Model: 6CXM-GTF
Power: 305 HP at 2750 RPM
Serial Number: 1438

Preview: Friday, June 28, 2019 from 9-11AM

Terms: A $25,000 deposit (nonrefundable as to highest bidder) in cash, certified US funds, or wire transfer, made payable to the Keenan Auction Company, Inc. (deposited with the Auctioneer as a qualification to bid), with balance due and payable to auctioneer in cash, certified US funds, or wire transfer within 5 calendar days of the public sale. Keenan Auction Company, Inc. will act as escrow agent in the transaction. A Buyer’s Premium in the amount of 10% for onsite bidders and 13% for online bidders will be added to the high bid price to establish the total purchase price. Bidding and acknowledgment will be by bid number only. Please register with the auctioneer to bid. The online bidders will be required to provide to the auctioneer the bid deposit on or before July 10, 2019 by 4PM. On site bidders can register the day of the sale at the auction location. Once you become a winning bidder, and upon approval of the high bid by the Seller, title passes (UCC) and you are responsible for the vessel. Auctioneer and Seller are not responsible for theft or damage to vessel after title passes. The risk of loss with respect to the vessel shall be with the successful purchaser.

Sales Tax: 5.5% Maine sales tax will apply. Dealers or exempt agencies must provide us with a copy of their annual resale certificate at time of registration. Out-of-state residents are non-taxable if the vessel is berthed outside of the State of Maine. If the non-resident berths the vessel in Maine for more than 30-days they are 40% exempt from paying sales tax (2.2% Sales Tax). Out-of-State purchasers will be required to complete the State of Maine Affidavit of Exemption Form indicating their intentions regarding removal of the vessel. This form is available from the auctioneer.

Removal: Vessel may not be removed until the sale is completed and after complete payment has been made. Purchaser will be responsible for removing or storing the vessel at Rockport Marine at time of closing, and the closing needs to occur on or before July 16, 2019. Arrangements to store or remove the vessel from Rockport Marine are the purchaser's responsibility.

Document/Wire Fees: Any document filing fees will be the purchaser's responsibility. Bidders making the required deposit via a wire will be responsible for any and all wire transaction fees, whether assessed to the bidder or Keenan Auction Company.

Warranties: While descriptions are believed to be correct, the Auctioneer and the Seller make no warranties or guarantees, expressed or implied as to the genuineness, authenticity of, or defects in the asset, and will not be held responsible for advertising discrepancies or inaccuracies. Purchaser acknowledges that purchaser has had the opportunity to inspect the asset, and that the asset is sold on an "AS IS", "WHERE IS" basis except as expressly made in writing. No warranties are made as to the merchantability of the asset or its fitness for any purpose. Auctioneer and Seller do not guarantee the accuracy or completeness of the information contained in the auction catalog.
Purchaser does hereby indemnify and hold harmless Auctioneer and Seller from any and all damages and claims of any type whatsoever, caused during the sale or arising out of the sale, or by the removal of the item purchased.
If any dispute arises between two or more bidders, the Auctioneer at his sole option may put up the lot again for sale at once and resell to the highest bidder. The auctioneer’s word will be absolute and final in resolving any disputes.
The Auctioneer reserves the right to bid and to reject any and all bids including any bid, which is only a fractional advance over the proceeding bid. Absentee bids will not be accepted. All bids subject to confirmation of the Seller.

Default: In the event the Purchaser fails to pay the whole of the purchase price within the time set forth by the Seller, and/or fails to comply with any of the Terms and Conditions of Sale, the Seller/Auctioneer may retain and/or recover the full deposit specified as liquidated damages, and in addition thereto, can be resold at public or private sale without further notice. Any deficiency resulting from such resale shall be paid to the Seller by such resale and enforcement of the obligation thereunder. Buyer agrees to pay any and all charges and expenses incurred by reason of any breach of the Terms and Conditions of Sale, including without limitation reasonable attorney's fees.

Severability: These terms and conditions of sale shall not be construed against the party preparing them, but shall be construed as if all parties jointly prepared these terms and conditions of sale and any uncertainty or ambiguity shall not be interpreted against any one party. If any provision hereof is held to be illegal, invalid or unenforceable under any present or future applicable laws, such provision shall be fully severable and the terms and conditions herein shall be construed and enforced as if such illegal, invalid or unenforceable provision had never been made a part hereof. The remaining provisions herein shall remain in full force and effect and shall not be affected by such illegal, invalid or unenforceable provisions or by their severance herefrom.

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