‘Market momentum right now is very exciting’ comments Wes Sanford of N&J
Following his sale of 35m M/Y ‘Cynthia’ last week, Wes Sanford at Northrop & Johnson discusses the market with SuperyachtNews.com.…
After closing on the sale of 35m Burger built Cynthia last week, broker at Northrop & Johnson, Wes Sanford shared that “the buyer is extremely happy and looking forward to cruising this summer. Burger’s custom builds rarely come on the market and I have never seen one as meticulously maintained and upgraded as she has been”. She was listed through BYS with Sanford introducing the buyer in the deal.
As for the wider market, Sanford commented that “overall the market momentum right now is very exciting. We are selling larger yachts at a rate far above the three year moving average right now and are seeing no signs of things slowing at the moment.” Sanford concludes, “it’s hard to predict what the autumn will bring but the current trajectory looks very promising”.
The week running 1 – 7 July saw two sales completed, four new central agencies announced, and four price reductions made.
Superyacht Sales
The largest sale this week was through Rytis Babravicius at Camper & Nicholsons International with the in house sale of 39.12m 2010 Sunseeker built Larissa.
Mark Osterhaven and Michael Mahan of Worth Avenue Yachts have sold 2008 Benetti built 36.5m Banyan, priced at $8,950,000.
New Central Agencies
There were four new CAs announced this week rising only slightly from last week’s three. The new listings had a total combined length of 165.63m, with their combined asking prices totalling €11,536,187 ($15,745,871), although two prices have been withheld.
The largest new CA announced this week was through Jody O’Brien at Fraser Yachts with 2010 Vitters built 54.86m Marie, with her price available upon application.
Two further new CA’s from Fraser Yachts: Eugenio Cannarsa and Vassilis Fotilas have listed 2004 NQEA built 36.57m Ophelia, on the market at €9,586,187 and is currently lying in Sydney; while Sinan Pail Suleiman has listed 2011 Yener built 34.2m Queen of Detca, for sale at €1,950,000.
The final new listing this week is from Merle Wood & Associates with 2000 Westship built 40m Northern Lights.
Price Reductions
Price reductions are back down to four again this week following last week’s six. 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 expedition yacht, Dione Sky, now priced at $15,000,000.
Bernard Gallay Yacht Brokerage has reduced 1971 Witsen & Vis built 30.27m Sprezzatura to €790,000.
Cape 4 Yachting has reduced Heesen build from 1995, 36.75m Daloli, to €2,950,000.
The final reduction this week is from Giulio Riggio of Fraser Yachts and Ardell with 1989 Cantiere Ferri built 30.48m Jupiter, now priced at €845,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
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As for the wider market, Sanford commented that “overall the market momentum right now is very exciting. We are selling larger yachts at a rate far above the three year moving average right now and are seeing no signs of things slowing at the moment.” Sanford concludes, “it’s hard to predict what the autumn will bring but the current trajectory looks very promising”.
The week running 1 – 7 July saw two sales completed, four new central agencies announced, and four price reductions made.
Superyacht Sales
The largest sale this week was through Rytis Babravicius at Camper & Nicholsons International with the in house sale of 39.12m 2010 Sunseeker built Larissa.
Larissa
Mark Osterhaven and Michael Mahan of Worth Avenue Yachts have sold 2008 Benetti built 36.5m Banyan, priced at $8,950,000.
New Central Agencies
There were four new CAs announced this week rising only slightly from last week’s three. The new listings had a total combined length of 165.63m, with their combined asking prices totalling €11,536,187 ($15,745,871), although two prices have been withheld.
The largest new CA announced this week was through Jody O’Brien at Fraser Yachts with 2010 Vitters built 54.86m Marie, with her price available upon application.
Marie
Two further new CA’s from Fraser Yachts: Eugenio Cannarsa and Vassilis Fotilas have listed 2004 NQEA built 36.57m Ophelia, on the market at €9,586,187 and is currently lying in Sydney; while Sinan Pail Suleiman has listed 2011 Yener built 34.2m Queen of Detca, for sale at €1,950,000.
The final new listing this week is from Merle Wood & Associates with 2000 Westship built 40m Northern Lights.
Price Reductions
Price reductions are back down to four again this week following last week’s six. 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 expedition yacht, Dione Sky, now priced at $15,000,000.
Dione Sky
Bernard Gallay Yacht Brokerage has reduced 1971 Witsen & Vis built 30.27m Sprezzatura to €790,000.
Cape 4 Yachting has reduced Heesen build from 1995, 36.75m Daloli, to €2,950,000.
The final reduction this week is from Giulio Riggio of Fraser Yachts and Ardell with 1989 Cantiere Ferri built 30.48m Jupiter, now priced at €845,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
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