VIV Spencer wanted the beautifully built Georgina for almost three years, but it wasn't until he retired that he was able to invest the time and money to have her to himself.
Georgina, now in her 90s, measures 27-feet, could be described as high maintenance and is made from huon pine.
She is one of many wooden boats available for viewing at this weekend's Wooden Boat Rally, held tomorrow and Sunday at Launceston's Seaport marina.
"It was built in around 1920 to pilot the ships coming in to the Hobart marina and I'd been keeping an eye on it for some time," Mr Spencer said.
"It takes up a lot of time and you have to touch it up each year, but it's no big deal."
It will be her fourth year in the rally.
Mr Spencer said the wooden boat lifestyle was relaxed and welcoming.
He says that everyone helps each other, giving each other spare bits of timber or leftover paint.
Wooden Boat Rally secretary Wayne Higgs promised a range of boats moored in the marina - Georgina among them.
Pirate ship Notorious will be open for exploration for a small fee, and Mr Spencer said he expected to see many children aboard Georgina.
"It's a bit different, this year, the public are invited to vote for the people's choice," Mr Higgs said.
Exhibits relating to marine activity, maritime history and the wooden boat lifestyle - and it definitely is a lifestyle, according to Mr Spencer - will also be available to view.