23 Jul 2012

Week in Superyacht Brokerage: new builds continue to top sales figures

By Lulu Trask

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The week dating 17-23 July 2012 saw a slow down in brokerage activity from the previous week, with just three sales, nine new central agencies and 10 price reductions. Promisingly this week, however, sales, though small in number, were mostly on the larger side, one of which was a 61m new build.

Superyacht Sales

This week saw just three superyacht sales announced, with a cumulative length of 146m. The largest second-hand superyacht sold was Nishi Zosen’s 55m Southern Cross III, currently en route to Greece. The 1986 motoryacht, refit in 2008, was sold by Fraser Yachts, and had an asking price of €8.95 million at the time of sale.



Also sold this week was Van der Vliet’s listing of Lowland’s 29.8m 1992 motoryacht Annabelle.

One new build was sold this week: a 61m Hakvoort project, due for delivery in 2015. Moran Yacht & Ship brought the buyer for the sale of this yacht, the largest involved in brokerage activity this week.



New Central Agencies

Nine new central agencies were announced this week – eight motoryachts and one sailing yacht, with a cumulative length of 366.35m. The largest new central agency this week came from Blue Water Yachting, who announced three additions to its sales fleet. The first, and the largest, a 56m explorer motoryacht by Mondo Marine, due for completion in 2014, asking €29.5 million. The second, and also the second-largest new central agency this week, a 54m motoryacht, also by Mondo Marine, due for completion later this year and asking €28 million. The third, Ferretti’s 25m 2010 motoryacht Lucky Star, asking €3.65 million.

Ardell and Peter Insull Yacht Marketing announced their new joint listing, the 48m 2008 motoryacht Grace, asking €12.5 million, whilst K&K Superyachts announced it will handle the sale of A.W.Souther & Son’s 41m 1986 motoryacht D’Angleterre II (refit in 2010), asking €3.9 million. Also announced this week was Yachting Partners International’s new listing of Holland Jachtbouw’s 40m sailing yacht Rainbow, completed earlier this year.



Worth Avenue Yachts announced two additions to its sales fleet this week: Cheoy Lee’s 38m 2003 motoryacht Namoh, asking $9.99 million, and Broward’s 36.5m 1991 motoryacht Sovereign, asking $2.795 million.

Camper & Nicholsons also announced an addition to it sales fleet this week: Bloemsma & Van Bremen’s 27m 2006 motoryacht Griffioen.



Price Reductions

This week saw 10 price reductions – nine less than last week. All this week’s €8,423,629 of reductions took place on motoryachts.

The largest superyacht to be reduced this week was Delta marine’s 47m Mr Terribe. The 2006 motoryacht listed by Northrop & Johnson also saw the largest reduction of the week as its price dropped by a significant $3.9 million to $26 million. The brokerage house also announced a $501,000 reduction on John Manly Shipyard’s 42.6m Lestralaur, the 1981 motoryacht (refit in 2010) is now asking $6.999 million.



Other large superyachts to be reduced included Reel Deel Yachts’ $1.099 million reduction on Sterling’s 44.8m 1986 Aero Toy Store (refit in 2006), now asking $5.9 million, and Burgess’ $2 million reduction of Benetti’s 44m 2004 Domani, now asking $17.5 million.

Camper & Nicholsons announced reductions on two if its listings this week: Moonen’s 34m 1997 Bonita J (refit in 2007) was reduced by €1.05 million to €3.45 million, whilst Cerri’s 26.3m 2006 Seven was reduced by €345,000 to €1.65 million.



Merle Wood & Associates announced a $100,000 reduction on Oceanfast’s 31m 1989 Gazelle, now asking $1.8 million, and Blue Water Yachting reduced Leopard’s 27m 2006 Woody by €400,000 to €1.9 million.

Meanwhile, Fraser Yachts reduced Tarrab’s 26m 2001 Praise The Lord by €295,000 to €495,000, whilst A1 Yacht Trade Consortium reduced Benetti Sail Division’s 25.3m 1975 Kohelian (refit in 2010) by €140,000 to a new price of €1.26 million.

Asking Price Announced

This week Bloemsma & Van Bremen’s 44m Free Spirit, previously ‘price on application’, had its asking price announced. The 2010 motoryacht is an open listing, but its asking price of €21.5 million was announced by brokerage house Vripack.

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