17 Feb 2015
‘Mixed feelings for 2015 due to global instability’, says Vesa Kaukonen of KK Superyachts
After Touchstone had been stuck on the market for two years, Vesa Kaukonen, managing partner at KK Superyachts said it, “seems the market for this type of yacht dramatically improved from the very slow start”. The buyer was a long-term yacht owner, who knew exactly the type of yacht they were after. “He studied all the sisterships on the market and appreciated the layout and general condition of Touchstone over the others”, Kaukonen added.
With news of yard closures and more price reductions creeping into the news, the future of 2015 is hard to predict at the moment. Kaukonen shares his own mixed emotions for the year ahead. “I think there are currently unpredictable feelings for 2015 due to the global instability – the Russian market will reduce even further than 2014 but at the same time, Russian sellers might bring opportunities that will boost on other fronts”. With the show season already underway, they bring with them their own set of flash sales and further reductions to boost interest. Firmly into Q1 now, the industry awaits to see the outcome of the Miami Yacht Show and whether the green shoots emerging last year will continue into 2015.
The week running 11 – 17 February saw one sale completed, 12 new central agencies announced, and 14 price reductions made.
The only yacht sold this week was through Kevin Merrigan and John Weller of Northrop & Johnson - 50m Aquila. She was completed at Benetti in 2000 and refit in 2013, with a price tag of €12,000,000.
New Central Agencies
Central agencies nearly doubled, to 12, following on from last week’s seven.
The largest new listing this week was through Merle Wood & Associates with 2002 Oceanco-built 62.6m Lady Lola, currently on the market at €49,900,000.
Two new listings from Burgess this week: 2010 Royal Huisman-built 57.49m Twizzle is co-listed with Y.CO at €48,750,000; and 2006 Danish Yachts-built 35m Moon Goddess is priced at $6,150,000.
Stuart Larsen and Craig Erickson of Fraser Yachts have listed 2009 Overmarine-built 39.65m Misunderstood for sale at $23,500,000.
Another listing from Merle Wood & Associates this week with 2004 Benetti-built 44.2m Domani priced at €10,400,000.
Moran Yacht & Ship has two new listings this week: 2011 Delta-built 46m Just J’s is priced at $29,000,000; while 2004 Lurssen-completed 60.97m Aurora is on the market for €49,750,000.
There were three new listings from Northrop & Johnson this week: Michael Garaghty has listed 1989 Maccarinni Brazil-built 48.1m Peacemaker for sale at $3,500,000; Derk Jan Rolff has joined Edmiston in the listing of 2011 JOM-built 33.9m Annagine for sale at €5,500,000; and Bert Van Muylwijk has listed 2012 HJ Baso-built 29.8m Aventure for sale at €2,600,000.
Thom Conboy and Chris Collins of Ocean Independence have listed the 2013 Vicem 107 for sale at $6,650,000.
And the final listing this week is from Mark Osterhaven of Worth Avenue Yachts with 2002 Broward-built 36m Sonas for sale at $4,995,000.
Price reductions rose again to 14 announced following last week’s 12. The following yachts are still on the market looking for buyers:
The largest yacht to be reduced this week was through Joost Goverts of Northrop & Johnson, with 1921 Great Lakes-built 78.58m SS Delphine, now priced at €19,750,000.
Three reductions from Fraser Yachts this week: Georges Bourgoigne has reduced 1991 Brooke-built 40.02m Philosophy to €3,450,000 and 2003 Nautor Swan-built 30.21m Red Sky to $5,500,000; while Sinan Paul Suleiman has reduced 2011 Yener-built 34.2m Queen of Datca to €1,695,000.
Six reductions from Merle Wood & Associates this week: 2010 Codecasa-built 65m Lady Lau has been reduced to €36,000,000 with Worth Avenue Yachts; 1991 Oceanfast-completed 55.04m Obsession has been lowered to €5,900,000; Burgess joins them in the reduction of 1987 Feadship-built 48.5m Audacia to $10,900,000; 1999 Trident-built 38.4m American Pride is now priced at $5,900,000; co-listed with Luxury Yacht Group, 1986 Heesen-built 36.64m No Comment is now on the market at $7,900,000; and 1970 Feadship-built 35.42m Utopia II is now priced at $3,995,000.
Another reduction from Northrop & Johnson with Wes Sanford lowering the asking price of 2007 MCP Yachts-built 29.87m Eagle’s Nest to $3,750,000.
Two reductions from Eric Trupheme of Ocean Independence this week: he is joined by Jeremy Bottau in the listing of 1991 WGB Werft Berlin-built 33.53m Alter Ego, now priced at €2,500,000; and 1992 CIM-built 29.69m Moonlight II is now priced at €645,000.
The final reduction this week is from Tom George Yacht Group with 2002 Christensen-built 44.2m I Love This Boat now for sale at $14,900,000.
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