A carefully timed price reduction to spur maximum interest at this week’s Palm Beach International Boat Show sees 57.9m M/Y Skyfall head into the show priced at $30.1 million, reduced by $2.4 million. The vessel is US duty paid, allowing her to be offered for sale and charter in the US.
For sale with IYC and Thompson, Westwood and White, she originally came onto the market for $36.5 million. But, despite having been reduced by 17.5 per cent ($6.4 million) in price, the opportunity offered by her reductions has been somewhat nullified for European buyers by the strong US dollar – in euros, the reductions equate to a lesser €980,000.
Her pricing position on the market, however, has become increasingly competitive by the ton. As you can see, she is now very level with another of IYC’s listings, M/Y Unbridled. Both, however, are not as alike in appearance – they feature the same design collaboration of Evan K. Marshall (interior) and Geoff Vanaller (exterior) – as they may seem on paper.
The brokerage market also welcomes M/Y Lady Sara, also built by Trinity Yachts, which is for sale with Fraser at $36 million. At 58m in length and 782 gross tons (11gt more than Skyfall), she falls into the same size bracket as Skyfall and Unbridled, but is a later delivery and is priced as such.
Trinity Yachts unavoidably found itself with surplus capacity and lower margins during a sticky patch for the US new build market, and is consequently no longer building. From the 14 50m+ deliveries the yard amassed since 2005, six of them are currently on the market, and they certainly look to be the more affordable options as far as 50m+ full-custom projects are concerned.
Images: M/Y Skyfall and the current brokerage market for completed, 50m+ Trinity vessels.