Big Sigh
I am seeing this happen, increasingly, in the last year or so.
The boats are usually always very restorable, but the owner has overestimated the amount of time (money?) needed for it.
IMHO, time is usually the main shortage! (That, and money for slip rent in California).
Perhaps I am also reading my own geezery labor & skill inefficiences into other people's projects.
To "Bring Back" a cruising yacht of around 20K displacement always takes a thouough understanding of Capt Dan's theory about ownership of sailboats, to the effect that you need Two out of Three of: 1) money, 2) skill, 3) time.
Hopefully that big ol' E-39 will find a person to finish the restoration.
Much as I love the look of that model, I lack enough of each of the three requirements...
LB