17 Feb 2014

By Rebecca Curran | Other articles by this author

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With the recent sale of 88m Quatroelle and this week’s sale of 62.5m Icon, the 2014 market is shaping up to be one with greater LOAs moving around on the market than in the past. It appears clients are looking for yachts with greater LOA and increasingly larger gross tonnage yachts. Jean-Marie Récamier of Camper Nicholsons commented “we can certainly see an improvement in the demand of superyachts between 90-100m and remain hopeful that 2014 will see the market stabilise and gain momentum based on the flurry of recent events”.

Whilst “2013 continued to be the year where activity was still on the road of recovery, towards the end, we did see an overall boost of sales” continues Récamier. “The industry continues to face challenging times, with many last minute sales concluded, but only time will tell and become more apparent during the forthcoming industry events taking place throughout the year”.

The week running 11 – 17 February saw three sales completed, 15 new central agencies announced, and 19 price reductions made as the market participates in the Miami Boat Show.

Superyacht Sales

The largest sale completed this week was through Camper Nicholsons and Merle Wood Associates with 62.5m Icon. Completed in 2009 by Icon Yachts, she was listed at €45,750,000 with Neo Yachting introducing the buyer in the transaction.

Luca Gianardi of Master Brokerage has sold 2005 Custom built 34.02m Thalyssa direct to a client with a listing of €4,200,000.

The final sale this week was through YachtZoo and Bradford Marine Yacht Sales with 38m Shooting Star. Built in 2011 by Danish Yachts, she was listed at €14,500,000 with Y.CO bringing the buyer.

New Central Agencies

There were 15 new CAs announced this week, nearly doubling from last week’s eight. The new listings had a total combined length of 608.74m, with their combined asking prices totalling €176,875,700 ($241,646,306).

The largest new CA announced this week was through Jonathan Barbe of Edmiston with 75m 1999 Amels built Reborn, on the market at €65,000,000.

Whit Kirtland of Bradford Marine Yacht Sales has listed 1998 Sovereign built 38m Lady Diane II for sale at $3,450,000.

Two new listings from Camper Nicholsons this week: 45.7m 1991 Feadship built Feadship 150 (ex Carmac VII) is priced at $9,650,000; and 2006 Azimut built 30.5m Cristalex is listed at €2,100,000.

David Johnson of Denison Yacht Sales is the new CA for 2011 NAC built 32.6m La Sella Del Diavolo, on the market at €7,250,000.

Two new listings from Fraser Yachts this week: Stuart Larsen and Joshua Gulbranson have listed 2005 Danube Marine built 37m Charisma, for sale at $3,900,000; and Michael Selter is joined by Luxury Yacht Group in the listing of 35.1m 1999 Benetti built Paradigm, priced at $5,000,000.

Three new listings with International Yacht Collection: Mark Elliot has listed both 48.77m 2009 Christensen built Match Point at $27,500,000, and 2006 Hargrave built 32.92m Freedom R at $3,950,000; while Ron Morgenstein is the new CA for 2001 Westport built 34.04m Symphony II, on the market for $4,695,000.

Merle Wood Associates, along with Burgess have announced the new listing of 45m 2011 Benetti built Told U So is priced at $24,950,000.

Wes Sanford and David Roscow of Northrop Johnson have listed 1982 Feadship build, 42.37m Centinela IV, for sale at $10,400,000.

Toby Walker in his new role at Stockbridge Yachts has announced their first official listing of 32.3m Carl Linne, completed by Holland Jachtbouw in 2003, is currently priced at €3,950,000.

Sunseeker has listed 40.04m 2013 Sunseeker built 4T, for sale at £16,900,000.

The final new listing this week was from SuperYachtsMonaco and Hyde Yachts with 2002 Heesen built 39.4m Mac Brew, priced at €9,500,000.

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 Richard Earp of Fraser Yachts with 1968 Scheepswerft built Capella C. Refit in 2006, she measures 59m and is now priced at $4,990,000.

David Lacz of Bartram Brakenhoff has reduced 1998 Westship built 32.9m Musbe Dreamin’ to $3,200,000.

Bernard Gallay Yacht Brokerage have reduced 30.27m 1971 Witsen Vis built Sprezzatura to €880,000.

Chamberlain Yachts and Merle Wood Associates have lowered the asking price of 1988 Amels built 40.25m Monte Carlo to $3,495,000.

Alex G. Clarke of Denison Superyacht Division has reduced 2009 Mondomarine built 41m Alexander Two, to €8,800,000.

Tomaso Polli at Edmiston, with Antoine Larricq have reduced 2004 Benetti built 52m Sai Ram to €19,500,000.

Three further reductions from Fraser Yachts this week: Larricq has also reduced 2009 Sunseeker built 39m Evil Zana, now priced at €8,950,000; Merle Wood Associates join the team in the new pricing of 35.96m Deep Blue, completed in 1988 by Brooke Marine and now listed at $1,450,000; while Flavio Constantino has reduced 2013 Feretti Custom build, 30m Morning Star to $10,800,000.

Three reductions from International Yacht Collection as well this week: Mark Elliott has reduced both 2009 Christensen built 48.77m Match Point to $26,900,000, and 31.7m 2002 Destiny built Sharon Ann to $4,250,000; while Ron Morgenstein has priced 2005 Hargrave built 30.2m Da Bubba at $3,295,000.

Christian Bakewell at Merle Wood Associates has announced the new price of 2005 Westport built 34m Primadonna is $6,250,000.

OceanStyle joins Merle Wood Associates in the reduction of 35.07m Carcharias, completed in 2006 by Pershing, and now priced at $12,900,000.

Tom George Yacht Group have reduced 2003 Lazzara build, 32.3m Stop the Press to $3,950,000.

Three reductions from Michael Mahan at Worth Avenue Yachts: Michael White joins him in the reduction of 2009 Benetti built 44m Lady Sheila to $15,900,000; Simon Gibson and Performance Boats join Mahan in the new price of 36.6m 2006 Benetti built Andiamo, now listed at $8,950,000; while Mark Osterhaven joined him to reduce 2006 Westport built 34.14m Domino to $5,995,000.

The final reduction this week is from Steve Elario of Y.CO with 38.7m Endless Summer, built by Lloyds in 1986, refit in 2002 and now priced at $3,200,000.

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