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OWNERS OF BOUNTY REPLICA1- PUTS SHIP ON AUCTION BLOCK

On deck, the square-rigger is a dead ringer for the notorious Bounty. Below deck, one finds comfort that would mollify even the most mutinous of crewmen.

The replica made for the 1984 movie "The Bounty" combines romantic thrills with modern convenience for the rarified few who have the desire or the means to buy a three-masted, 138-foot sailing ship."When you're selling something like this, you're selling dreams to people," part-owner Ken Rosebery said as the ship cruised around Sydney Harbor, its huge sails billowing in a balmy winter wind.

The boat cost filmmaker Dino De Laurentis about $6 million. Rosebery heads a syndicate that bought it nearly six years ago for $2 million.

But after crossing the Atlantic and the Pacific, rounding Cape Horn and enduring two cyclones, the 30-year-old Rosebery says it's time to move on. The ship will be sold to the highest bidder on Thursday.

"It's been fun, but it hasn't been easy," Rosebery said.

The original Bounty was the site of the famed 1789 mutiny led by first officer Fletcher Christian. Captain William Bligh and 18 of his men were put in an open boat and reached saftey after six terrible weeks.

The owners won't speculate how much the replica will sell for but say a number of foreigners, particularly Americans, have expressed interest.

But the resemblance ends below deck, where a powerful egine eliminates the worry of winless weather. Two generators power the washer, dryer, air conditioner, videocasette recorder and hot-water heater. A telephone beeps insistently. Radar and other modern navigation devices abound.