Speaking with Bill Titus of Northrop & Johnson, he shares that the sale of Song of the Sea was a very fluid process. The new owner inspected and sailed her within six months of listing with the contract signed not long after.” Song of the Sea was the last vessel produced by Nautor Swan before being taken over by the Ferragamo family.
The week running 4 - 10 March saw two sales completed, 10 new central agencies announced, and 10 price reductions made.
Sales remained on par with last week with a total of two deals closed.
Peter Jones of Fraser Yachts completed the largest sale this week with 37.7m Alumercia. Built by Heesen in 2000, she was priced at €9,950,000 with Fraser Yachts also representing the buyer.
The other sale this week was from Bill Titus of Northrop & Johnson with 34.14m Song of the Sea. Completed in 2002 at Nautor Swan, she was on the market at $5,995,000 with Fraser Yachts representing the buyer here as well.
New Central Agencies
There were 10 new CAs announced this week, rising slightly from last week’s eight. The new listings had a total combined length of 333.89m, with their combined asking prices totalling €42,593,370 ($59,083,456).
The largest new CA announced this week was through Marc Haendle of OCEAN Independence with 43.2m sailing yacht Mystere. Completed in 2006 at Vitters, she is on the market at €12,950,000.
Three new listings from Camper & Nicholsons International this week: 2005 Horizon Yachts built 32m Maximus II is priced at $5,490,000; 30m Broward build from 1985, Insatiable is on the market at $1,295,000; and 30m Madcap, completed by Palmer Johnson in 1998 is on the market at $3,500,000.
Two new listings from Mike Horsley of Edmiston this week: 1938 Brooks Motor Craft built 35m Eros is priced at $3,250,000; and 2000 Couach built 34.8m Mady III is on the market at €2,900,000.
Giulio Riggio of Fraser Yachts, along with Ardell, have listed 30.48m 1989 Ferri built Jupiter for sale at €985,000.
Haas International and P&G Yachting have listed 30.21m 1999 Royal Huisman built Foftein II for sale at €6,500,000.
The final two listings this week are from OCEAN Independence as well: 38.5m 2010 Avangard built Mariposa is on the market for €6,500,000; and Peter Hurzeler has placed 1993 Jongert built 30m Blue Papillon on the market at €3,000,000.
Price reductions dropped slightly to 10 this week from the 12 of last week. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was 88m Oceanco built Nirvana. She is listed through Alexander Busher of Edmiston and came with a hefty reduction of €31,000,000, down to €199,000,000.
Peter Bennett of Bluewater Yachting has reduced the asking price of 2009 Benetti Classic, 36.6m Giorgia, to €9,495,000.
Michel Chryssicopoulous of Cape 4 Yachting, with Van der Vliet has reduced the asking price of 1987 Haak built 37.9m Sidarta I €3,400,000.
Thorsten Giesbert of Fraser Yachts has reduced 59m 1972 Boeles S & M built Project 60 to €495,000.
Frank Grzeszczak and Frank Grzeszczak Jr. of International Yacht Collection and Merle A. Wood and Christian Bakewell of Merle Wood & Associates have reduced 1996 Delta Marine built 46, D’Natalin to $7,900,000.
Another reduction from Merle Wood this week with John Cohen reducing the asking price of 1970 Feadship built 35.42m Utopia II to $4,495,000.
Moran Yacht & Ship have reduced 2012 Cerri built 31.1m Muse, down to €6,800,000.
The final three reductions this week are from OCEAN Independence: Yannis Mitsopoulos and Toby Maclaurin reduced 49.5m Meg Technica new build, 50m Explorer Project to €3,900,000; Mitsopoulos has also reduced 1960 Scheepswerf en Machinefabriek built 40m Eliki to €1,200,000; and the final reduction this week is from Eric Trupheme with 2008 Azimut built 30.9m Gogamigoga now priced at €3,900,000.
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