9 Jul 2012
Week in Superyacht Brokerage: sales continue as reductions drop
By Lulu Trask
The week dating 3 – 9 July 2012 saw an improvement on the previous week, doubling the number of sales which this week reached four. The week also saw only six price reductions, however new central agencies continued to increase the size of the sales fleet, with 13 announcements this week.
Sales of superyachts this week floated around the smaller end of the size spectrum, with none of the week’s four sales larger than 37.5m. The largest sale of the week was that of Cek-Lift and Paolo Scanu’s 37.5m Bushido. The 2004 sailing yacht, sold by Camper & Nicholsons, was asking €2.45 million at the time of sale.
Fraser Yachts also announced the sale of Lazzara’s 33.5m Seven J’s. The 2005 motoryacht was asking $5.9 million at the time of sale. Also sold this week was Overmarine’s 28m 2006 motoryacht Taiji, sold by CSO Yachts and asking €2.45 million, whilst Baltic Yachts announced the signing of a contract for a Baltic 108 named Win Win. The 33m sailing yacht from Baltic Yachts will be completed in 2014.
Meanwhile, though not adding to this week’s figures, Westport Yacht Sales this week also confirmed that its 34.14m 2005 motoryacht Castlefinn was sold in May of this year.
New Central Agencies
This week saw an increase in the number of new central agency announcements, with 13 coming in – five more than last week. The largest of these was Edmiston’s announcement that the brokerage house is now the central agent for the sale of Oceanco’s 75m Anastasia. The 2008 motoryacht is asking €125 million.
Bilgin Yachts also announced the listing of a new project, Project Light 180, a 55m motoryacht asking €19.8 million. At the same size, Newcastle Marine’s 55m Harbour Island is now for sale with Worth Avenue Yachts and Ocean Independence. The 2011 motoryacht is asking $54.9 million. Meanwhile, dropping over 10m, Italyachts’ 43m 2010 motoryacht Makira is now for sale with Yachting Partners International and is asking €10.9 million.
Camper & Nicholsons was one of two brokerage houses to announce more than one addition to its sales fleet. The first, Perini Navi’s in-build 38.15m sailing yacht hull number C.2130 (a joint listing with Perini Navi USA), due for completion later this year. C.2130 is featured in an article about yachts in build and for sale in Issue 135 of The Superyacht Report. To subscribe please click here. The second, Admiral Yachts’ 31.2m 2004 motoryacht Luna; and the third, Falcon Yachts’ 26.2m 2005 motoryacht Serendipity Blue.
Elsewhere, ART Marine confirmed that it would handle the sale of Azimut’s 35m 1988 motoryacht Massayel, asking $1.5 million, 26 North Yachts announced it was the central agent for Falcon Yachts’ 30.7m 2000 motoryacht Unreel (refit in 2007) asking $1.99 million, and CSO Yachts will handle the sale of Kvaerner Azimut’s 30.2m 1993 motoryacht L’OR (refit in 2009), asking €2.7 million.
For yachts below 30m, as well as Camper & Nicholson’s above-mentioned listing of the 26.2m Serendipity Blue, Northrop & Johnson is now listing CNB’s 28.5m 2001 sailing yacht Nuber Nau (refit in 2010) asking €2.5 million.
Fraser Yachts was the second brokerage house to announce more than one addition to its sales fleet, though both additions were under 30m. The brokerage house is now listing North Wind’s 26m 1996 sailing yacht Xilgaro II (refit in 2002) asking €1.9 million, and Royal Denship’s 25m 2005 motoryacht Oracle Star, asking €995,000.
This week saw the promising figure of just six price reductions, each from a separate brokerage house, totalling just over €5 million. This week, however, was absent of the usual trend whereby the largest superyachts see the largest reductions, with the largest superyacht (Jana) seeing the second-largest reduction, whilst the largest reduction (DSK) was the fourth-largest yacht to be reduced, with just two falling below it in size.
The 46.3m Jana was the largest superyacht to be reduced. The 1986 Feadship, refit in 2009, was reduced by $2.05 million by Yachtzoo and is now asking $7.9 million.
At nearly 10m smaller, Amelss 36.7m motoryacht Blue Attraction was the second-largest superyacht to see a reduction this week. Burgess reduced the 1983 motoryacht by $1.1 million to a new price of $3.9 million.
The third and final superyacht of over 30m to be reduced was Johnson Yachts’ 31.4m Huey’s Island. Huish Marine reduced the 2008 motoryacht by $200,000 to $5.5 million.
On the smaller side, Y.CO announced the largest reduction on the 27.2m 2008 Nautor’s Swan DSK, down by €1.75 million to €6.2 million, whilst Ocean Independence reduced Sanlorenzo’s 25m 2003 motoryacht Nel Blu by €300,000 to €2 million, and Worth Avenue Yachts reduced Ocean Alexander’s 24.4m 2009 motoryacht Montage by $300,000 to $3.195 million.
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