19 Aug 2013

By
Rebecca Curran

Comments

With five sales completed this week and reductions remaining relatively low, signs of market rejuvenation abound with many brokers excited for the show season this year. Prices seem to have lowered to hover around realistic pricing with buyer and sellers coming to terms with the end of fire sales post the Global Financial Crisis.

The week running 13-19 August saw five sales completed, nine new central agencies announced, seven price reductions made, two price increases and one yacht removed from the market.

Superyacht Sales

The largest sale completed this week was 60m Darlings Danama, completed by CRN in 2011. Listed by Jonathan Barbe of Edmiston, she had an asking price of €35,000,000 with Sovereign Sea Hermes introducing the buyer.

Burgess recently sold 40m 1994 CRN built AquaLibirum with an asking price of $6,950,000.

Rick Morales and Fernando Nicholson of Camper Nicholsons sold 2009 Westport built 50m Xilonen V with Merle Wood Associates representing the buyer at an asking price of $28,500,000.

Jim McKee of Gilman Yachts has sold 31.4m Magic Time, completed by Christensen in 1988 with an asking price of $1,495,000.

The final sale this week comes from David Nichols of International Yacht Collection and Whit Kirtland of Bradford Marine Yacht Sales with 29.6m Mr. Ed. Built by Maiora in 1991 and refit in 2009, she was on the market at $795,000 with Kirtland introducing the buyer.

New Central Agencies

There were nine new CAs announced this week, dipping from the 14 announced last week. The new listings had a total combined length of 460.48m, with their combined asking prices totalling €141,520,381 ($188,793,856), although one price has been withheld.

The largest new CA announced this week was through Luc Khaldoun of Edmiston with 85.2m Delma, completed by Neorion in 2004 and on the market at €53,000,000.

New listing for Burgess this week with 2007 Heesen built 47.7m Let It Be, on the market at €21,500,000.

Thom Conboy of BYS has announced new listing 2002 Intermarine Savannah built 36.58m Chosen One is currently for sale at $6,200,000.

Two new listings from Alex Lees-Buckley of Camper Nicholsons this week: 2009 Feadship Holland built 65m Pestifer is for sale with its price available upon application; while 56m 2007 Perini Navi built Parsifal IV is listed at €26,500,000.

Another new listing from Edmiston this week with Cornelius Gerling’s listing of 49.68m 1998 Benetti built QM London, currently on the market at €11,950,000.

Kevin Merrigan of Northrop Johnson has listed 2003 NQEA built 44.2m Horizons II on the market at $12,000,000.

Bob Cury of RJC Yacht Sales has listed 40m 2005 Westport built Believe for sale at $9,900,000.

The final new listing this week is from YachtZoo with 36.12m Nena I, completed by Cantieri di Pisa in 2009 and now for sale at €7,500,000.

Price Reductions

Price reductions rose slightly this week with seven announced, compared with the four reductions from last week. The following yachts are still on the market and looking for buyers:

The largest yacht to be reduced this week was 90.1m Nero, built by Corsair Yachts in 2008. Listed through Burgess and Merle Wood Associates, she is now priced at €39,950,000.

Brian Hermann of Ardell has reduced 1985 Alloy Yachts built 31.7m Lochiel to $1,650,000.

Alex Busher and Bill Sanderson of Edmiston have reduced 40.68m Royal Huisman build from 1997, William Tai, to €6,900,000.

Two reductions from Northrop Johnson this week: Gregg Morton has listed 1981 42.67m John Manly Shipyard built Lestralaur at $4,900,000; while Wes Sanford has reduced 2007 MCP Yachts built 29.87m Eagle’s Nest to $4,750,000.

Peter Thompson of Worth Avenue Yachts and Burgess have reduced 48.5m 1987 Feadship built Audacia to $13,900,000.

The final reduction this week comes from YachtZoo with 2002 Overmarine built 33.5m Forever My Agata, with her new price of €4,950,000.

Other News

Mike Horsley of Edmiston has increased the asking price of Thendara, completed by Alexander in 1936 to €3,975,000.

Harry Peralta of Fraser Yachts has also increased the asking price of 30m 1970 Krogerwerft built Luis Ginillo to €1,950,000.

While 46.3m Feadship build from 1986, Jana, has been withdrawn from the market by YachtZoo while she completes a refit.

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

Comments

Add a comment

Having problems? Let us know editor@superyachtnews.com