I agree with both of the earlier posts..... and will add
It is nice to see a boat with natural teak, sure it's greyed a bit...... better that than a old varnish job that has been neglected chipped away with time. Now what do you do...
I have done my fair share of countless hours of brightwork and teak oils. FYI, It can and will rule your life...... and does take time away from what is most important.......sailing.
In my opinion you have 3 options...... choose carefully...... and follow through and do it right.
1. Leave it, it looks great the way it is........... natural teak is beautiful too. Enjoy the boat
2. Clean teak and oil........very beautiful,..... easier to care for in my opinion....will never flake or chip .....(there are multiple cleaners, bleaches,oils for teak.... make sure nothing get's on the deck..... not paint friendly)
3. Full blown varnish, Sickkens, etc. ............ very beautiful too..... ( to do it right, all oxidized grey must be removed...and multiple coats..... 6-8 for a good base .... and 2-3 each year for evaporation )
Before making any decision I would HIGHLY recommend getting the book "The Brightwork Companion" by Rebecca Wittman, she is a master. It is a very easy book to follow for any type of teak care.
http://www.amazon.com/Brightwork-Compan ... t_ep_dpi_1
If I had to choose..........I would leave it as is, it looks in great shape "all natural"........ go sailing
I am in the process of a full 12+ coat varnish job......on coat 6........... lots of work
Good luck
Todd