TWO men escaped unhurt after their fishing boat capsized in Warrnambool’s Lady Bay yesterday afternoon.
The anchor on the five-metre vessel became snagged in the harbour about 2pm.
The men reacted by placing the boat into reverse, but water quickly spilled into the hull, forcing it to sink in front of dozens of onlookers on the foreshore.
Owner Daniel Janceski, from Thomastown, said the $10,000 boat was likely to be written off.
He said he was thankful to be OK.
“We were out on the bay and the anchor got caught,” Mr Janceski said.
“It just happened suddenly. We’re both good swimmers.”
The pair arrived in Warrnambool for an overnight fishing trip and to visit family but spent the afternoon attempting to salvage their vessel instead.