Who Buys Woodies?
Fans of antique wooden boats run the gamut, in terms of finances, passion and motivation. For some at the highest ends of the market, it's admittedly the desire to own something few others can obtain. Jim Genovese, owner of Sandy Beach Marina in Akron, Ohio, recently spent $130,000 on a pristine 1955 Chris-Craft Cobra, a design distinguished by the prominent gold fin protruding from its afterdeck. Genovese first saw a Cobra 20 years ago. He'd wanted one ever since.