Owner pleased after historic yacht with $1 reserve sells for $480,000

A Wanaka woman is set to pocket $480,000 from the sale of her 1944 yacht – a far cry from the $1 reserve at which the Trade Me auction began. 

from
http://www.stuff.co.nz/business/money/88457706/Owner-pleased-after-historic-yacht-with-1-reserve-sells-for-480-000