The 59.3m Benetti build Lady Luck has been sold, with John Cohen of Merle Wood & Associates representing the seller – who took delivery of the 91m Lürssen motoryacht, Lady Lara, in 2015 and was subsequently a two-boat owner. Frank Grzeszczak and Barbara Stork Landeweer of IYC found the buyer.
It was the delivery of Benetti’s Cakewalk in 2003 that initiated the regular building of this size and larger at the versatile Italian shipyard. But, 59m Galkynysh’s delivery in 2007 was an obvious trailblazer – the delivery of four more vessels bordering 60m and 1,000gt, with a Stefano Natucci/Studio Massari collaboration, followed before the end of 2010. Lady Luck was the fourth of the five, delivered in 2009.
But, there is certainly no shortage of yachts this size, lineage, age and price on the brokerage market currently – Swan, St. David, I Dynasty and Mine Games to name but a few, and those are just the Benettis – so it begs the question, why Lady Luck? The most expensive vessel of the aforementioned yachts, based on her final asking price of €35 million.
In a conversation with Grzeszczak, sales consultant & partner US of IYC, he iterated that the final asking price is by no means the selling price – and given that the seller is a two-boat owner, it would be fair to speculate that there may have been some wiggle room for pricing negotiations.
Grzeszczak also added: “We did our research, we looked at Benettis for sale all over the world before offering on Lady Luck. Swan was actually first choice but the sale didn’t materialise. And whilst the buyer wants to refit the interior, it came down to maintenance in the end and Lady Luck had been kept a lot better than the others.”
With the Dow Jones Industrial Average reaching record highs, Grzeszczak says, “The stock market is in a great position since Trump's election. We are noticing a lot of traction from US buyers and there's every chance that a closer relationship with Russia will get a key demographic, that hasn’t been at its peak since 2008, moving again. We are very optimistic about the year ahead.”