With the 2014 market firmly on an uptick according to the many brokers we’ve spoken to this year, it appears this year’s show season is bringing much greater hopes than in the past. Mike Newton-Woof of Ventura Yachts recently commented, “the summer market has fared incredibly well. I can’t remember the last time we were this busy!” Sharing similar sentiments to others, Newton-Woof is seeing distinct changes in the market as of late. “There has certainly been an uptick in good quality enquiries, with more yachts being snatched up, the lack of stock and availability on offer now is firming up prices and reducing discounts.”

With MYS opening later this week, he shares he’s feeling very positive indeed. “I’m optimistic that these next few months of shows will be different than past years with plenty of buyers and plenty of options for them to play with”.

The week running 16 - 22 September saw two sales completed, five new central agencies announced, and 11 price reductions made.

Superyacht Sales


The largest sale completed this week was through Mark Elliott of International Yacht Collection with 1982 Pichiotti built 47.5m Piano Bar. She was priced at $3,400,000 with Global Nautica Marine representing the buyer in the transaction.


Piano Bar was sold this week

Moran Yacht & Ship have sold 2008 Horizon Yachts built 39.6m After You, priced at €6,700,000.

New Central Agencies


Central agencies dipped slightly to five this week following last week’s eight. The new listings had a total combined length of 207.5m, with their combined asking prices totalling €54,406,625 ($70,543,436).

The largest new CA announced this week was the 2003 ISA built 47.5m 360°, for sale through Tomasso Polli at Edmiston at €11,900,000.


360° will be on display at MYS

Jean-Marie Recamier of Camper & Nicholsons International has listed 2004 Heesen built 46.7m Yalla, for sale at €18,750,000.

Bob Cury of RJC Yacht Sales has listed 2008 Horizon Yachts built 40.2m Lady Leila for sale at $10,900,000.

SuperYachtsMonaco have now placed 2006 Palmer Johnson built 36.5m Vanquish, for sale at €5,850,000.

The final new listing this week is from YachtZoo with 2007 Benetti built 36.6m Mylo, on the market at €9,500,000.

Price Reductions


Price reductions rose back up following last week’s five to 11 announced this week. The following yachts are still on the market and looking for a buyer:

The largest yacht to be reduced this week was the 2012 Benetti built 56.01m Ulysses. Listed through Dennis Frederiksen of Fraser Yachts, she is now priced at $34,500,000.


Ulysses

Jim Acher of Bluewater Yachting has again reduced the half completed 42.1m VK_1 at Vulkan Shipyard, to €3,395,000.

Two reductions from Thom Conboy of BYS and Atalanta Golden Yachts: 2008 Golden Yachts built 52.7m O’Neiro is now priced at €17,400,000; while another Golden Yachts build from 2011, 39.47m O’Pati is on the market at €9,990,000.

Holland Yacht Partners and Mike Horsley of Edmiston have reduced 2011 JOM built 33.9m Annagine to €5,500,000.

Kevin Bonnie of International Yacht Collection has reduced 2007 ISA built 41.4m Liberdade, to €5,250,000.

Three reductions from Ocean Independence this week: Toby Maclaurin and Atalanta Golden Yachts have reduced 2010 Golden Yachts built 53.5m O’Rama to €18,400,000; Eric Trupheme has announced the new price for 2012 Esen Yacht built 36m Glorious, is €5,495,000; and Axel Douque has reduced 2003 Astondoa built 31.4m Celtic Dawn, to €1,900,000.

The final reductions this week are from SuperYachtsMonaco: along with Perini Navi USA, 2004 Perini Navi build, 43.45m Victoria has been reduced to €11,500,000; while 2013 Azimut built 31.4m Irisha is now priced at €6,000,000.

The Superyacht Group will once again be available on stand QE9 for the duration of the show. Please stop by and say hello!

Please send all brokerage news to newsdesk@thesuperyachtgroup.com

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