MMMM,
I do believe that the work on this Top Hat has been going on for some years.
If the owner is who I believe it is, he is a dedicated Hatter!
The finish is at a level that is expected on yachts produced today and not that of the very basic level produced in all other Top Hats.
I will even go as far as to say that the standard exceeds that produced in the four 27' Top Hats and they were a world above the standard in both the MK 2 & 3s!!!
As far as the cost is concerned he is spot on, I remember a similar finished Top Hat sold for around 24K a few years ago.
The cost of our Top Hat envelopes may not be much but the space around those envelopes is priceless and that's all I'm concerned about!!
And as Bear says
"Mark 1's are the most beautiful!!" Phillip.
PS. The way slipping fees are going, you may see trailers as the main way to slip a Top Hat in the near future.