Where do old boats go is a weighty question. I'm not a religious guy, which I suspect has saved me from a lot of extra guilt in my life. The answer is I really don't know, but I have a theory.
I think they stay with you in your heart and memories. The child will smile as he remembers that wooden ketch surging through blue seas under a crystalline sky. Farewell old boat, you always kept your crew safe, and taught us all how to steer a true course.