Some Uncle New Keepsake

I once bought a ship that had sunk twice,
It wasn’t free but was surely worth the price.
It had rusty fenders, and was one of a kind.
Had no front end, and no engine behind.

To me it was the prettiest thing I ever saw,
Just had to get it up off the bog.
It sat at my dock till i was a year older,
But beauty is in the eye of the boat-holder.