With new build listing Icon 100, the team at Yachtzoo is seeing healthy market recovery post GFC. “In 2014, the yacht industry started to strengthen with the pedigree shipyards seeing an increase in total orders including those for very large yachts” Hall explains. “As we come into the summer season, we see this trend continuing and can be optimistic of a more stable market with better price stability”.
With various comments about the professionalism of the industry, Hall thinks the backlash form the GFC has actually helped to change this perception. “The market is definitely in recovery, but one of the important and often forgotten side-effects of the GFC has been a change in the attitude of the yachting industry to a more professional approach, focusing on quality control, real re-sale value and less unrealistic promises to the clients” he concludes.
The week running 6 – 12 May saw one sale completed, four new central agencies announced and one price reduction made.
The sole yacht sale this week was through Moran Yacht & Ship with 2012 Amels built 54.3m Step One, priced at €37,000,000 with Y.CO introducing the buyer.
New Central Agencies
Four new central agencies were announced this week following on from the three of last week, all announced through Fraser Yachts:
The largest listing is from Stuart Larsen and Richard Earp with 2014 ISA built 66m Okto, priced at €69,000,000; followed by 2013 Timmerman Yachts 44.7m Beluga, listed with Jan Jaap Minnema at €17,900,000; and the final two listings from David Legrand with 1972 CRN built 38.6m Sarita Si, on the market at €6,500,000, and 2009 Benetti built 36.6m African Queen, on sale at €8,500,000.
There was only one price reduction announced this week, through Moran Yacht & Ship with 2011 Sanlorenzo built 46m Reve D’Or, now on the market at €18,999,000.
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