28 Oct 2013

By Rebecca Curran | Other articles by this author

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With FLIBS opening later this week, Mark Elliott, broker and charter agent at IYC shares that “on the heels of a solid Monaco Yacht Show. IYC will have a strong presence at the Fort Lauderdale International Boat Show with great listings available”. Although the American market has been filled with uncertainty as of late, Elliott feels that “perhaps the idea of the yacht as a solid investment will gain the kind of traction it had in the mid-2000s”.

As for the market on the whole, Elliott believes “global market activity is generally up in both charter bookings and with buyers feeling more comfortable about owing. It remains worth noting that buyers continue the trend of low-balling offers. As ever” Elliott cautions “cash remains king.”

The week running 22 – 28 October saw three sales completed, six new central agencies announced and nine price reductions made.

Superyacht Sales

The largest sale completed this week was through Jim Evans of SuperYachtsMonaco and 50m Umbra. Completed by Damen in 2010, she was on the market for €10,000,000 with YPI representing the buyer.

Rytis Babravicius of Camper Nicholsons has sold 38.3m Vellmari, built by RossiNavi in 2010, for an undisclosed price.

Fraser Yachts has sold 32m 2004 Holland Jachtbouw built Cassiopeia. Listed at $4,900,000, Camper Nicholsons introduced the buyer in the deal.

New Central Agencies

There were six new CAs announced this week, slightly increasing from the four announced last week. The new listings had a total combined length of 214.61m, with their combined asking prices totalling €22,845,698 ($31,337,974), although one has been listed at an undisclosed price.

The largest new CA announced this week was through Ken Brooks at United Yacht Sales with 39.62m Pacific Monarch. Completed by Blount Marine in 1971 and refit in 2013, she is currently priced at $4,000,000.

Bernard Gallay Yacht Brokerage has listed 34.1m 2006 Aegean Yacht built La Sultane for sale at €2,800,000.

Two new listings from Camper Nicholsons this week: 2007 Cantieri di Pisa built 38.7m Gladius is for sale at €5,800,000; while Alex and Gaston Lees-Buckley have listed 37m 2009 Sunseeker built Aqua Libra for sale at an undisclosed price.

Marc Handle at Ocean Independence is the new agent for 2007 30.21m Nautor Swan built Rusalka, on the market at €6,950,000.

The final new listing this week comes from OceanStyle with 34.98m 2006 Admiral Marine built Be Cool2, currently priced at €4,400,000.

Price Reductions

Price reductions increased slightly this week with nine announced, compared with the six 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 51.8m 2003 Feadship built Dream. Listed through Mark Elliott of International Yacht Collection, she is now priced at $32,900,000.

Two further reductions from IYC this week: Frank Grzeszczak and Frank Grzeszczak Jr. with Merle Wood Associates have reduced 46m 1996 Delta Marine built D’Natalin to $8,900,000; while Elliott and Cambridge Yacht Group have reduced 2002 Christensen built 44.2m Aghassi to $13,900,000.

Moran Yacht Ship have reduced 2006 Burger built 44m Maghreb V to $21,495,000.

Four reductions from Northrop Johnson this week: Jonathan Chapman has reduced 2013 Benetti built 45m Checkmate to $24,500,000; with the final three reductions coming from John Weller: 43.6m 1989 Angus built Sea Falcon is for sale at $1,900,000; joining Weller is Bruce Leffers in the reduction of 2007 Kanter built 41.75m Bread, to $12,495,000; and Weller’s final reduction is that of 1973 Feadship built 35.4m Odalisque to $4,900,000.

The final reduction this week is from Simon Gibson and Mark Osterhaven at Worth Avenue Yachts with 36.58m 1991 Broward built Sovereign, now priced at $1,995,000.

Other News

Yachtzoo have changed the currency of 2008 Timmerman Yachts built 46.5m Latitude, with a new asking price of $19,500,000.

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

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