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The company received a government contract for 3000 boats in 1957. Inspectors expecting a payoff began rejecting boats the company made when they received no compensation. At the end of the year, Correct Craft had delivered 2,200 approved boats but had 600 rejects on hand. The chief inspector returned 40 of the previously accepted boats.
The revitalized Thompson Boat at St. Charles slowly rebuilt, but bankruptcy was declared in 1993. A new owner came in and got the firm going again. By about 1997 regular production ceased and all boat production stopped by 2000 or 2001. A liquidation auction in 2002 signaled the end of almost 100 years of boat building history. [6] [7]
On March 6, 2012, Yamaha announced it had sold Century Boats back to an American company, Allcraft Marine, based at Dawson Drive, Dade City, Florida. Most assets with the exception of the Panama City plant were included in the sale. To continue Century Boat's history and quality construction, the new owners updated the firm's boats.
Stephens Bros. boat owners meet every year at the Stephens Rendezvous, organized by the Northern California Fleet of the Classic Yacht Association, to show off these beautiful vessels. A collection of Stephens Bros. documents, photographs and original drawings are available to the public in the archives of The Haggin Museum in the brothers ...
[7] [8] [9] Also in 2009, the yacht was listed for sale with Merle Wood & Associates and Burgess at €75 million (US$98 million). [10] [4] In April 2011, the price was reduced to €67.5 million (US$88.2 million), [10] and in 2012 the price was reduced again to €59.9 million (US$78.3 million). [9]
Fergus sold the boat onwards to country-singer and classic boat collector Alan Jackson and it was later sold at the Antique Boat Auction in Clayton, NY, on August 1, 2009, for US$112,000 [37] to its current owner, who replaced the bottom and preserved it back to its original looks of 1935. Miss Chief is currently the only Speedster that has a ...