8 May 2012
Week in Superyacht Brokerage: high sales figures of recent weeks drop
By Lulu Trask
The first week of May 2012 saw high levels of brokerage activity, with seven new central agencies and eleven price reductions, though just one superyacht sale, falling behind the last two weeks’ respective four sales.
One superyacht was sold this week: NorthStar’s 2006 superyacht Class 1. Denison Yacht Sales sold the 30.4m motoryacht, with Galati Yachts bringing the buyer. At her time of sale she was asking $6.1 million.
New Central Agencies
Seven new central agencies were announced this week, only one of which was smaller than 30m. Two were joint central agency announcements, and four were larger than 40m. Five motoryachts and two sailing yachts comprised this week’s figure.
The largest addition to the fleet of yachts available for sale was the 50m Satori. Heesen’s 2011 motoryacht is for sale through Fraser Yachts and is asking $44 million. This week Fraser Yachts was also appointed central agent for the 34.3m sailing yacht Mystery, a 2000 Nautor Swan asking €6.4 million.
Not far behind Satori, another large addition to the sales fleet was Cobra’s 2011 sailing yacht Infinity, for sale through Yachtzoo and asking €8.95 million, while Edmiston was appointed central agent for the 45m Rossi Navi motoryacht (hull FR024), completed earlier this year and asking €26.125 million. Edmiston was also appointed joint central agent with Flagship Yachts for the 38.3m motoryacht Mabrouk, built in 2004 at Cantieri Di Pisa and asking €7.5 million.
The fourth new central agency over 40m was Hike Metal Products & Shipbuilding’s Copasetic. The 43m 2006 motoryacht is a joint central agency for sale through Burgess and Expedition Yachts International, and is asking $19.9 million.
The smallest new central agency this week was OceanStyle’s announcement of its new listing, the 25.5m motoryacht Coy Koi, a 2000n Kuipers asking $4.4 million.
This week saw 11 price reductions, nine of motoryachts and two of sailing yachts.
The largest superyacht that was reduced – and which also saw the largest reduction – was Abeking & Rasmussen’s 42.4m Sotaj. Built in 1985 and refit in 2009, Northrop & Johnson reduced the motoryacht by $1 million to a lower price of $8.75 million. Northrop & Johnson reduced another two of its listings this week: the 31.7m sailing yacht Only Now, a 2002 CNB, was reduced by €100,000 to €3.65 million, and the 30.7m motoryacht Ar-De, a 1996 Burger, was reduced by $250,000 to $3.5 million.
Another large superyacht reduced was Namoh, Cheoy Lee’s 38.1m 2003 motoryacht. Worth Avenue Yachts' $950,000 reduction to $10.95 million was the brokerage house’s fourth reduction of Namoh in 2012. This year her four reductions have totalled $1.95 million.
Ocean Independence reduced two superyachts this week. The first, the 39m motoryacht Moonmaiden II, a 1997 Denizcilik down by $300,000 to $1.45 million – the yacht’s second reduction this year. The second, the 27m motoryacht Junga, a 2008 Ferretti down by €750,000 to €3.2 million.
Elsewhere, Fraser Yachts and Cape4Yachting announced the €300,000 reduction of their central listing, the 31m motoryacht Ninemia. The 1995 Vitters is now asking €2.95 million. A1 Yacht Trade Consortium also announced the €200,000 reduction of Versilcraft’s 32.5m 2001 motoryacht Atkia, now, after its second reduction in 2012, asking €1.95 million.
International Yacht Collection announced the $250,000 reduction of Lazzarra’s 28m 2009 motoryacht New Life, now asking $4.5 million, while CSO Yachts announced the €200,000 reduction of Overmarine’s 28m 2006 motoryacht Taiji, now asking €2.45 million.
The smallest yacht reduced this week was the 25.6m sailing yacht Neptune. Built by Fitzroy Yachts in 2004, Bernard Gallay reduced the sailing yacht by €467,000 to €2.49 million.
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