10 Feb 2014
By Rebecca Curran | Other articles by this author
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Catching up with Darrell Hall of YachtZoo earlier this week, he shared similar views on the 2014 brokerage market that many brokers have been discussing with SuperyachtNews.com. “Last year was a good year for everyone generally” begins Hall “and it’s something the team and I hope will continue into the better part of this year”. With many brokers in agreement on the overall economy bouncing back, Hall is seeing more and more activity from emerging markets as well. “We are seeing strong strides in South America, Brazil and parts of the Chinese markets, with money flowing back into Singapore and Malaysia as well”.
The average LOA continues to grow, most notably with the launch of 180m Lurssen built Azzam and the recent sale of 88m Quatroelle. Hall continues “the demand is still there for the larger yachts, with the younger generation joining the market at a greater LOA than in the past.” As for the rest of this year, Hall explains “we’re seeing plenty of green shoots and I think the best we can do is remain positive”.
The week running 4 – 10 February saw five sales completed, eight new central agencies announced, 11 price reductions made and one yacht withdrawn from the market.
Superyacht Sales
The largest sale completed this week was through Moran Yacht Ship with 88m Quatroelle, completed and launched last year by Lurssen.
Burgess and Fraser Yachts have sold 59.74m Ulysses. Built by Trinity Yachts in 2003, she was listed at $36,500,000 with Fraser Yachts introducing the buyer.
SuperYachtsMonaco has sold 44m 2009 Heesen built Hayken, priced at €20,500,000.
Michael Mahan of Worth Avenue Yachts has sold 34m Feelin’ Free, completed by Westport in 2010. She had an asking price of $8,990,000 with The Marine Group EC introducing the buyer.
The final sale this week was through Gregory Gheraia at YPI and David Legrand of Fraser Yachts with 43.28m Antinea. Completed in 1985 by Sterling and refit as recently as 2008, she was priced at €5,490,000 with Fraser representing the buyer.
New Central Agencies
There were eight new CAs announced this week, rising from last week’s two. The new listings had a total combined length of 234.95m, with their combined asking prices totalling €46,700,000 ($63,679,068).
The largest new CA announced this week was through Camper Nicholsons with 2012 Mondomarine built 40.5m Nameless is listed at €19,500,000.
Three further new listings from Camper Nicholsons this week: 1994 CNB built 31.6m Victoria D is on the market at €4,500,000; 31m 2006 Leopard Yachts built RG 512 is priced at €2,400,000; and finally 2008 Moonen built 30m Sofia II is for sale at €6,900,000.
Moran Yacht Ship are the new agents for 2012 Cerri Cantieri Navali built 31.1m Muse, listed at €7,500,000.
Kevin Merrigan of Northrop Johnson has announced the new listing of 2003 JFA built 37.18m Zeepaard on the market at €11,750,000.
OceanStyle is joined by Merle Wood Associates in the sale of 35.07m 2006 Pershing built Carcharias, priced at €11,000,000.
The final new listing this week comes from Van der Vliet with 1930 Frederikssund built 39m Doriana, on the market at €2,650,000.
Price Reductions
Price reductions more than doubled to 11 announced from last week’s five. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was through Ken Denison of Denison Daves with 2003 Royal Denship built 78.6m Pegasus V, reduced to $84,900,000.
David Lacz of Bartram Brakenhoff Yacht Brokerage have reduced 1994 Palmer Johnson built Syrenka to $5,995,000.
Burgess with Merle Wood Associates have reduced 2009 Delta Marine built 46m Katya to $31,995,000.
Mondomarine M54 partial build is listed with Alex G. Clarke at Denison Superyacht Division at €21,900,000.
David Johnson of Denison Yacht Sales has reduced 29.5m 1993 Knight Carver built Golden Osprey to $2,450,000.
Cornelius Gerling of Edmiston has reduced 2012 Sanlorenzo built 33m Regine to €6,950,000.
Two reductions from Fraser Yachts this week: Giulio Riggio is joined by Eric Trupheme and Marc Haendle of Ocean Independence with 2003 Cantieri di Fiumicino built Aktobe, now priced at €6,300,000; and Josh Gulbranson has reduced 2004 Louisbourg built 36.58m Touch, to $4,995,000.
Two reductions from Northrop Johnson this week: Sean Doyle and Wes Sanford have set the new price of 1995 Norship built 38.4m Impulsive, at $3,788,000; while Kevin Merrigan and Chris Chumley have reduced 2002 Burger built 37.2m Ar-De to $9,950,000.
The final reduction this week is from SuperYachtsMonaco with 2013 Azimut built 31.4m Irisha, on the market now at €7,800,000.
Other News
Vesa Kaukonen of K K Superyachts has announced that 1986 W. A. Souther Son built 41.2m D’Angleterre II has been withdrawn from the market at this time to undergo a refit.
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