11 Apr 2012
Week in Superyacht Brokerage: Four sales as activity levels increase
By Lulu Trask
With the first week of April getting underway, the brokerage market saw high levels of activity. With seven new central agencies and 15 price reductions, sales activity continued, seeing the same number of sales as last week.
This week saw four superyacht sales - the same figure as last week - which should reassure the industry that the sales market is active. The first sale of April 2012 was Fraser Yachts’ sale of Codecasa’s 34.7m Embark. The 1995 motoryacht, refit just last year, was asking €2.65 million at the time of sale.
Moran Yacht & Ship announced its sale of the 30.5m Sunseeker Predator Madsummer. Built in 2003, the motoryacht was asking $3.199 million at the time of sale.
Also sold this week was Seanest’s 25m 2007 motoryacht Soja, by CSO Yacht Sales, and Huckins’ 24.7m 1987 (refit in 2006) motoryacht Blue Eagle, by Northrop & Johnson with Woods and Associates representing the buyer.
New Central Agencies
Six new central agencies were announced this week (one more than last week), one of which was a joint announcement from Merle Wood & Associates, declaring it had joined Chamberlain Yachts for the sale of the 44.2m motoryacht Summerwind. A $2 million reduction was also announced as part of the new listing of the 1996 Cheoy Lee motoryacht, and she is now asking $2.95 million.
Merle Wood & Associates announced two further additions to its sales fleet: the 52m motoryacht Battered Blue, asking $29.5 million, and the 27m sailing yacht Jess Sea, built by Merrifield-Roberts in 2002, asking $2.45 million.
Another large addition to the fleet of yachts available for sale was Were Dreams. The 52.3m motoryacht is now for sale with Ocean Independence and is asking €29.95 million.
Elsewhere, Cape 4 Yachting has been appointed central agent for Maiora’s 31.5m 2010 motoryacht Marnaya, asking €6.5 million, while Self Concept has been appointed central agent for Navarcantier Italy’s 24m 2002 motoryacht Absolut, asking €750,000.
This week saw a total of 15 price reductions, compared to last week's unusually small figure of two. Many of this week’s reductions were large, with six superyachts reduced by a minimum of €1 million.
The largest reduction was Fraser Yachts’ reduction of the 73.15m Delta Marine motoryacht Laurel. Built in 2006, Laurel has been reduced by $5.5 million and is now asking $79.5 million. Fraser Yachts also reduced the 26.3m motoryacht Far Niente, a 2006 Moonen, by €200,000 to €3.9 million.
Another large reductions this week was Bernard Gallay’s €1.625 million reduction of Silyon Yachts’ 2009 41m sailing yacht Queen of Andaman, now asking €4.875 million.
Ocean Independence announced three large reductions this week. Marinteknik’s 42m motoryacht Amz, and Nautor's Swan’s 30.21m sailing yacht Julie Marie, built in 2007, were reduced by €1 million. Amz is now asking €3.4 million and Julie Marie is asking €7.9 million. Also reduced was Lürssen’s 48.9m motoryacht Elchris, built in 1960 and most recently refit in 2005, by €1.1 million to €1.2 million.
Ocean Independence also announced two smaller reductions. A €450,000 reduction of the 27.5m motoryacht Dynasty, a Cantieri Navali Falcon built in 1995 and refit in 2007, means she is now asking €450,000, and a €250,000 reduction on Ferretti Custom’s 31m motoryacht Maluhea, built in 2003 and refit in 2010, means Maluhea is now asking €3.95 million.
Merle Wood & Associates was responsible two large reductions this week. As well as the above mentioned $2 million reduction of its new joint listing with Chamberlain Yachts (Summerwind), the brokerage house has reduced Lürssen’s 40.9m Blind Date by the same price. A joint listing with Burgess, the 1995 motoryacht, refit in 2004, has been reduced to $7.5 million.
Bradford Marine Yacht Sales reduced two motoryachts this week. Azimut’s 2000 30.7m motoryacht Carobelle, a joint listing with Yachtzoo, has been reduced by $350,000 to $2.6 million, while the 28.65m motoryacht Tin Lady, a 1987 Broward, has been reduced to $695,000.
Elsewhere, Yachts Greece reduced its 29m Brook Marine sailing yacht by €710,000 to €690,000, while A1 Brokerage reduced the 25m motoryacht Georgie, a 2001 Sunseeker, by €450,000 to €1.35 million.
Worth Avenue Yachts also reduced the 38.1m motoryacht Namoh by $500,000, the third reduction of the 2003 Cheoy Lee in 2012. She is now asking $11.9 million.
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