20 Oct 2014
‘Strong dollar promising for FLIBS' says Jan Jaap Minnema of Fraser
With 2014 winding down, many brokers are reflecting on the year and assessing the rise and fall of sales year on year. Sales broker at Fraser Yachts, Jan Jaap Minnema commented, “personally, 2014 went extremely well with an accumulated length of over 260m in sales, with a few more in the pipeline to close the year. The mood was generally good. However, we need to [continue] looking at the long-term and not cheer too much early on. Hard work and client satisfaction remain necessary more than ever”.
As the industry awaits the outcome fof intent and offers at MYS, Minnema shares a similar sentiment to those on the ground. “I have a feeling that the number of clients were less than previous years, and although it is a cliché, we truly only know in the coming weeks whether we can deem the show a success or not,” he said. Looking ahead and across the pond, Minnema will have 45m My Trust Fund at FLIBS, following her positive response at MYS. “With the strong US dollar, I think there will be a lot of buying power out there and as such, I’m positive for the outcome”.
The week running 14 - 20 October saw three sales completed, five new central agencies announced, and 13 price reductions made.
Camper & Nicholsons International were busy with two sales this week: Steen Christensen sold 2001 Jongert built 42m Passe Partout, priced at €5,750,000; while Jonathan Syrett has sold 1992 Far Ocean built 32.5m Bolero, on the market at €2,200,000.
The final sale this week was closed through Mark Osterhaven of Worth Avenue Yachts with 33.5m By Grace. Completed by Broward in 1994, she was listed at $1,795,000 with Stotler Yachts introducing the buyer in the transaction.
New Central Agencies
Central agencies remained relatively on par with five announced this week following last week’s six. The new listings had a total combined length of 240.1m, with their combined asking prices totalling €86,785,783 ($109,895,000).
The largest new CA announced this week was 1986 Feadship built 57.3m Calixe, on sale at $15,900,000 through Stuart Larsen of Fraser Yachts.
Mark Elliott of International Yacht Collection has listed 2002 Intermarine built 44.5m Balaju, for sale at $12,900,000.
Moran Yacht & Ship have newly listed 2008 Codecasa built 51m Emelina, for sale at $29,700,000.
Kevin Merrigan and Wes Sanford of Northrop & Johnson have placed 2011 Newcastle Marine built 54.9m Sovereign for sale at $49,000,000.
The final new listing this week is from Noell Vawter and Chris June of Worth Avenue Yachts with 1999 Maiora built 32.4m Sashay, priced at $2,395,000.
Price reductions rose back up ahead of FLIBS to 13 this week following last week’s eight. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was through Yacht Connections Ltd. with 1996 Palmer Johnson built 46.48m Dione Sky, on the market now for $13,000,000.
David Lacz of Bartram & Brakenhoff Yacht Brokerage has reduced 1994 Palmer Johnson built Syrenka to $4,495,000.
Kit Denison of Denison Yacht Sales has lowered the asking price of 1990 Denison built 32.55m Villa Bella III to $895,000.
Five reductions from Fraser Yachts this week: Georges Bourgoigne has reduced 1991 Brooke built 40.02m Philosophy to €3,900,000; Eric Pearson has reduced 1986 Picchiotti built 37.7m Freedom, to $3,995,000; Josh Gulbranson and Jodi O’Brien have lowered 2001 Moonen built 37m Victoria Del Mar, to $5,950,000; Patrick McConnell and Neal Esterly have reduced 1997 Christensen built 32.61m Kingfish, to $5,300,000; and Dennis Frederiksen has lowered the asking price of 2009 Princess built Alexandra V, to €3,800,000.
Kevin Bonnie of International Yacht Collection has reduced 2009 Overmarine built 39.5m Ram, to €9,100,000.
John Cohen and Cromwell Littlejohn of Merle Wood & Associates have reduced 1991 Feadship completed 36.45m Our Toy, to $8,900,000.
Moran Yacht & Ship have adjusted the asking price of 2013 Timmerman Yachts built 44.7m Beluga, to €17,900,000.
The final two reductions this week are from Michael Mahan of Worth Avenue Yachts: he’s joined by Lon McCloskey in the reduction of 2003 Cheoy Lee build, 38.1m Namoh, to $8,495,000; while Leonce Richard joins him in the new pricing for 2001 Crescent built 36.6m Valkyrie, at $6,995,000.
The team will be on site at FLIBS again this year so please pop by and say hi in the Yachting Tent 624-625.
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