7 Aug 2012

Week in Superyacht Brokerage: 50m 'Perseus' and 50m 'QM Of London' sold

By Lulu Trask

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As the superyacht industry entered August, brokerage activity continued at high levels despite a small drop in sales activity. Nonetheless, three superyachts were sold in the week dating 31 July – 6 August, two of which were larger than 49m, whilst 12 new central agencies were announced alongside nine price reductions.

Superyacht Sales

Three superyachts were sold this week, with a cumulative length of 125.89m. The largest superyacht sold this week was Perini Navi’s 50m sailing yacht Perseus. The 2001 yacht was listed for sale with Burgess and Perini Navi USA at €14.9 million when Aqua Marine brought the buyer, and she has now been renamed Silencio.

Also sold this week was Benetti’s not much smaller 49.7m motoryacht QM Of London. The 1998 vessel, refit in 2006, was a joint listing with Y.CO and Camper & Nicholsons, and was asking €9.9 million at the time of sale.



The smallest sale of the week was Nordhavn’s 26.2m 2001 motoryacht Caryali, for sale with Northrop & Johnson, asking $6.95 million.

New Central Agencies

This week saw the announcement of 12 new central agencies, a third of which were announced by Fraser Yachts, adding four superyachts to its sales fleet. Benetti’s 1991 42m motoryacht Trinity II (refit in 2001) is asking €3.55 million; two new build sailing yachts by CNT Castagnola Lavagna listed also with Equinoxe Yachts, the 39m Renaissance (previously Loop I), which will be on display at Monaco, and Loop II, both asking €8.5 million; and one joint listing, Riva’s 25m 2001 motoryacht Yannina, asking €1.95 million.



OceanStyle announced two additions to its fleet this week: Warren’s 36.6m 2009 motoryacht Ghost II, asking $12 million, and a new joint listing, MCP Yachts’ 29.9m 2006 motoryacht Obrigado, asking $4.7 million.

Elsewhere, Moran Yacht & Ship has been appointed central agent for Westport’s 34m 2009 motoryacht Contigo, asking $7.85 million, Yachtzoo has been appointed central agent for Mangusta’s 32m 2002 motoryacht Ellicha, asking €1.95 million, whilst Northrop & Johnson will handle the sale of Broward’s 32m 2004 motoryacht Polo V, asking $3.4 million.



This week also saw Gilman Yachts appointed central agent for the sale of Christensen’s 31.4m 1988 motoryacht Magic Time, asking $1.895 million, Dahm International appointed central agent for Jongert’s 56.7m sailing yacht Ithaka, asking €4.95 million, and Camper & Nicholsons appointed central agent for Horizon Yachts’ 26.2m 2006 motoryacht Espresso, asking €1.925 million.

Price Reductions

This week saw nine price reductions, one more than the previous week. International Yacht Collection boasted the largest superyacht to be reduced this week as the brokerage house reduced Trinity Yachts’ 57.9m 2010 motoryacht Mi Sueno by a significant $4.95 million – the largest reduction of the week - to a new price of $39.95 million.



Not far behind in length was Benetti’s 49.9m 1997 motoryacht Taiba, reduced by Blue Water Yachting by €800,000 having undergone a refit, and now asking €8.9 million.

Fraser Yachts, moreover, continued its surge in brokerage activity with the announcement of five reductions on its listings. Feadship’s 47.2m 1987 motoryacht X, a joint listing with Yachting Partners International, was reduced by $1 million to $8.5 million; Astondoa’s 31m 2005 motoryacht Wind Song VI by €300,000 to €3.7 million; Nautor Swan’s 30.5m 1986 sailing yacht Garuda (refit in 2010) by €100,000 to €1.55 million; Moonen’s 26.2m 2006 motoryacht Far Niente by €450,000 to €3.65 million; and North Wind’s 26m 1996 sailing yacht Xilgaro II (refit in 2002) by €450,000 to €1.45 million.



Meanwhile, Reel Deal Yachts reduced Sterling’s 44.8m motoryacht Aero Toy Store for the second time in recent weeks. The 1986 motoryacht, refit in 2006, had its price lowered by $100,000 to $5.8 million. A1 Yacht Trade Consortium also announced a $300,000 reduction on its central listing, Feadship’s 1971 32.5m motoryacht Olympias (refit most recently in 2000), now asking $1.2 million.

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