6 Jan 2014

By Rebecca Curran | Other articles by this author

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With 139 sales over 30m closed in 2013, and 25 new build projects signed, the year saw consistent sales throughout the year. Not only did sales remain steady, but fewer price reductions were announced overall for the year. Many brokers SuperyachtNews.com spoke with in 2013 were maintaining a healthy level of optimism for 2014 with more realistic pricing and buyers and sellers coming to terms with today’s market and not the heydays of pre-2008. As Steen Christensen from Camper Nicholsons shared prior to the break, more realistic pricing, paired with the higher educated clients of today “will make the market improve and hopefully make 2014 a year where sales and the value of yachts become more stable”.

The week running 17 December – 6 January saw 16 sales completed, four new central agencies announced, four price reductions made and one price increase.

Superyacht Sales

The largest sale completed this week was 73.5m Giant, completed in 1974 by IHC. She was listed for sale through Fernando Nicholson at Camper Nicholsons at an undisclosed price and was sold in house.

Burgess has sold 2000 35m Benetti build Aladina; listed at €4,950,000, Yacht Addict represented the buyer in the transaction.

Two sales for Thom Conboy at BYS: joined by Compass International, 57m 1960 Amsterdamsche Scheepwerf De Vries Lentsch built Fleurtje was listed at €6,900,000 with Fraser Yachts representing the buyer; while the sale of 1990 Heesen built 44.2m At Last was listed at $6,900,000 and sold in an in house deal.

Four additional sales from Camper Nicholsons: Alex Lees-Buckley was joined by Bruce Brakenhoff Jr at Perini Navi USA in the sale of 56m 2006 Perini Navi built Rosehearty. Listed at $29,700,000, Perini Navi USA represented the buyer in the transaction as well; Another sale for Nicholson with 47.5m 2004 ISA built Ellix Too, listed at $14,950,000; Simon Goldsworthy was joined by Burgess in the sale of 41.65m 1985 Nicolini built Il Cigno, listed at $4,950,000 with Mortola Yacht Ship representing the buyer; and Charles Ehrardt has sold 37.14m 1982 Shore BB built Marflow, listed at €6,750,000.

Two sales from Fraser Yachts: Vassilis Fotilas has sold 40.42m 2001 Perini Navi built Ellen V, listed at €7,750,000 with Top Yachts representing the buyer; and Antoine Larricq has sold 31.75m 2011 Benetti built Zazou, in an in house deal, at an undisclosed price.

Mark Elliott of International Yacht Collection and Cambridge Yacht Group have sold 44.2m Aghassi, completed by Christensen in 2002. With an asking price listed at $13,900,000, Tom George Yacht Group introduced the buyer in the deal.

Two sales from Moran Yacht Ship over the break: 1998 Feadship de Vries built 50m Iroquois, with an asking price of $19,500,000; and 2006 Custom Line built 30.9m Lady Soul at €3,300,000.

Axel Doque of Ocean Independence has sold 35m 2000 Benetti built Symphony. She was listed at €4,950,000 and sold in an in house deal.

Worth Avenue Yachts has sold 2003 Trinity Yachts built 43.3m Espresso III, with an asking price of $13,995,000 and with International Yacht Collection bringing the buyer.

YachtZoo has sold 30.75m 2000 Azimut built Carobelle, in an in house deal at $2,100,000.

New Central Agencies

There were four new CAs announced this week, on par with those announced before the break. The new listings had a total combined length of 154.55m, with their combined asking prices totalling €52,506,789 ($72,229,727).

The largest new CA announced this week was through Roy Sea at International Yacht Collection with 47.85m 2006 Christensen built Lady Janet, currently on the market at $27,000,000.

David Lacz at Bartram Brakenhoff has listed 32.9m 1998 Westship built, Musbe Dreamin, for sale at $3,550,000.

Moran Yacht Ship have just listed 39.7m Hakvoort build from last year, Apostrophe, for sale at €27,500,000.

The final new listing this week is from Mark Osterhaven and Michael Mahan at Worth Avenue Yachts with 34.1m 2000 Westport built Sea Loafers III, currently for sale at $3,850,000.

Price Reductions

Price reductions rose slightly over the past few weeks with four announced, following last week’s one. The following yachts are still on the market and looking for a buyer:

Marco Vandoni and Mario Velona of Ocean Independence have reduced the asking price of 44.2m 2002 Benetti built More to €10,500,000.

Thom Conboy of BYS has reduced 36.88m 2003 Crescent Custom built Olga, to $7,450,000.

Moran Yacht Ship have announced a new asking price for 2006 44m Burger built Maghreb V, at $17,950,000.

The final reduction this week comes from Chris Chumley of Northrop Johnson with 30.7m 1996 Burger built Ar-De, now priced at $2,495,000.

Other News

Bart Kimman of Northrop Johnson has announced the price increase of 1983 Supercraft built 64.6m Van Triumph to $9,000,000.

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

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