13 Jan 2014
“New reality in pricing” says Axel Douqué of Ocean Independence
Speaking with Axel Douqué of Ocean Independence this morning, he shared that the sale of Onyx was “a fluid process, with ourselves involved and of course YPI representing the buyer, with a very happy new owner.” Speaking a bit about the market on the whole, Douqué is seeing increased market activity from Asia at the moment. “I think many people have been saying Asia is an emerging market for awhile now” Douqué begins “but I think they are certainly more active now. We’re seeing more and more buyers from Hong Kong and China.” Although new buyers are entering, he feels that the European and American markets remain active in their own right. “I think people are coming to terms with the new reality in pricing” he shared “which is setting a good price level for new buyers.”
In terms of what’s in the cards for 2014, Douqué feels “there will still be a mixed landscape with the world looking for new direction, but I think we’re going to see a settling down of prices, setting more realistic standards and therefore more sales overall throughout the year”.
The week running 7 - 13 January saw three sales completed, five new central agencies announced, and four price reductions made.
The largest sale completed this week was through Ciro Petrucci of Petrucci Yachts with 45m Abeking & Rasmussen built No Lo Se. Completed in 1974, she was refit in 2009, listed at €6,000,000 with Bernard Gallay Yacht Brokerage representing the buyer.
Merle Wood & Associates have released that they donated 1975 Burger built 33.53m Chanticleer to the charity Ami Kids.
The final sale this week, as mentioned was through Axel Douqué and Peter Hurzeler of Ocean Independence with 38.5m 2009 Sanlorenzo built Onyx. She was listed at €9,900,000 with YPI introducing the buyer in the transaction.
New Central Agencies
There were five new CAs announced this week, up slightly from the four last week. The new listings had a total combined length of 231.3m, with their combined asking prices totalling €102,794,359 ($140,425,229).
The largest new CA announced this week was through Burgess and Merle Wood & Associates with 65m Ambrosia III. Completed by Benetti in 2006, she is on the market at €58,000,000.
Camper & Nicholsons have just signed 2007 Arno build, 30.5m Friday, for sale at €2,950,000.
Giulio Riggio of Fraser Yachts and Eric Trupheme and Marc Haendle of Ocean Independence have listed 42.5m Aktobe for sale. Completed in 2003 by Cantieri di Fiumicino, she is currently lying in Palma and listed at €6,800,000.
Two new listings from Michael Mahan of Worth Avenue Yachts this week: he is joined by Peter Thompson in the sale of 49.3m 2010 Christensen built Remember When, currently priced at $30,000,000; and joined by Michael White in the sale of 2009 44m Benetti built Lady Sheila, priced at $17,900,000.
Price reductions remain on par with last week with four announced. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was 85.6m 2010 Derecktor built Cakewalk, currently listed through Merle Wood & Associates and Burgess at $179,500,000.
Cornelius Gerling of Edmiston has reduced 49.68m 1998 Benetti built QM of London to €9,950,000.
Another reduction from Merle Wood & Associates and Burgess with 1997 Oceanco built 51.4m Lazy Z, now priced at $12,900,000.
The final reduction this week is from Chris Chumley of Northrop & Johnson with 30.7m 1996 Burger built Ar-De, now on the market at $2,395,000.
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