rustariffic. If it's for sale the bidding must start at 6 clams. The score be 6 matey because it be squeezed into a challenge but is mighty perty and double-slanty. More water at the bottom might have helped too.
This photo has a great deal of potential, but does need a little editing to maximise its impact. Most obviously, the sloping horizon needs straightening - this would have the added benefit of showing the boat listing, which would add to the sense of decay and decrepidness. A bit of an adjustment to levels would also bring the subject out a bit more, but I wouldn't increase saturation at all - you have got the colours and texture of the rust spot on.
Doesn't quite meet my idea of the spirit of the challenge, an so deducting one mark - sorry!
The colors of the boat seems a bit too saturated to fit in with the old rusty feeling it portrays. Perhaps it converting it to B&W or sepia will improve it. Also a straight horizon will work MUCH better.