“Plenty of green shoots for next year” says Russell Crump of YPI
Following his recent sale of ‘Umbra’, sales director at YPI, Russell Crump spoke with SuperyachtNews.com regarding the market this year.…
“I think this has been a very productive year for YPI” said Russell Crump, sales director at YPI recently “but I think we should remain cautious for next year.” However, Crump is beginning to see a change in the 2013/2014 buyer. “I think what we saw during the recession were bargain hunters, people looking for rock bottom deals. And I would say now, people entering the market are not necessarily hunting for a deal, but are buying what they want to buy.”
As for recent show news, Crump thinks the fall shows didn’t show great promise for buyers on the ground. “I didn’t see that much fresh blood at this year’s MYS and that was a similar case in 2012 – I think lessons that we’ve learned from this is we’re just reaffirming those lessons from last year.” With FLIBS closing its doors today, Crump is interested to see the outcome as “I always use this show as a barometer and there’s that old adage that if America sneezes, the rest of the world catches a cold. I think we need to be wise and I think the Asian rush that everybody had in 2012 and earlier this year has fallen a bit flat – they aren’t as active buyers as everyone thought they were so most brokers are holding Asia at arms length because they aren’t going to invest the money there if the buyers just aren’t coming forward.”
The week running 29 October – 4 November saw no sales completed, 15 new central agencies announced and five price reductions made.
Superyacht Sales
A quiet news week with no sales completed as the industry awaits sales news from the docks in Fort Lauderdale.
New Central Agencies
There were 15 new CAs announced this week, more than doubling from the six announced last week. The new listings had a total combined length of 606.66m, with their combined asking prices totalling €134,709,898 ($183,600,582).
The largest new CA announced this week was 56m 2008 Perini Navi built Salute, currently for sale at $35,000,000 with Burgess.
Tom Corkett at Ardell has listed 30.2m 1980 Palmer Johnson built Banyan for sale at $2,995,000.
Three further listings from Burgess this week: 1998 Amels built 54.4m Faribana V is for sale at €22,950,000; 2009 Trinity built 50.4m Sapphire is on the market at $22,880,000; and 2010 Su Marine built 46.8m Roxane is priced at €7,500,000.
Bush & Noble have listed 31.39m 2007 Overmarine built Magnifico for sale at $3,800,000.
Camper & Nicholsons have listed 1987 Versilcraft built 31m Queen South for sale at €980,000.
Kent Chamberlain at Chamberlain Yachts has just listed 2009 CRN built 39.6m Libertas for sale at €8,900,000.
Moran Yacht & Ship are the new central agents for 1997 Christensen built 47.2m Abbracci, on the market at $15,950,000.
Two new listings from Northrop & Johnson this week: Wes Sanford has placed 37.5m 2006 Palmer Johnson built BB3 on the market at $7,850,000; and Bart Kimman is the new agent for 34m 2009 Custom built Ocean Runner, on the market at $7,770,000.
OceanStyle has announced their new listing of 1985 Oceanfast built 37.2m Never Say Never is on the market at $7,900,000.
Stephen Barnes and Christopher Cooke at United Yacht Sales have listed 34.75m 1997 Crescent built Cloud Nine on the market at $1,890,000.
The final two listings this week comes from Worth Avenue Yachts: Michael Mahan and Mark Osterhaven have listed 39.62m 2008 Westport built JW for sale at $11,990,000; while Performance Boats joins the team in the listing of 36.6m 2006 Benetti built Andiamo for sale at $9,900,000.
Price Reductions
Price reductions decreased back down to five this week, compared with the nine reductions from last week. The following yachts are still on the market and looking for buyers:
The largest yacht to be reduced this week was through Burgess with 49.8m 1990 De Vries built Inevitable, now on the market at $17,250,000.
Cornelius Gerling of Edmiston has reduced 2012 Sanlorenzo built 33m Regine, to €7,490,000.
The final three reductions this week are from Moran Yacht & Ship: 46.2m 2003 Hakvoort built Allegria is on the market at $24,750,000; 1991 Euroship built 34.8m Miami Blues is now priced at €3,500,000; and the final reduction of 2006 Moonen build, 34.7m Beluga, to €8,900,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
As for recent show news, Crump thinks the fall shows didn’t show great promise for buyers on the ground. “I didn’t see that much fresh blood at this year’s MYS and that was a similar case in 2012 – I think lessons that we’ve learned from this is we’re just reaffirming those lessons from last year.” With FLIBS closing its doors today, Crump is interested to see the outcome as “I always use this show as a barometer and there’s that old adage that if America sneezes, the rest of the world catches a cold. I think we need to be wise and I think the Asian rush that everybody had in 2012 and earlier this year has fallen a bit flat – they aren’t as active buyers as everyone thought they were so most brokers are holding Asia at arms length because they aren’t going to invest the money there if the buyers just aren’t coming forward.”
The week running 29 October – 4 November saw no sales completed, 15 new central agencies announced and five price reductions made.
Superyacht Sales
A quiet news week with no sales completed as the industry awaits sales news from the docks in Fort Lauderdale.
New Central Agencies
There were 15 new CAs announced this week, more than doubling from the six announced last week. The new listings had a total combined length of 606.66m, with their combined asking prices totalling €134,709,898 ($183,600,582).
The largest new CA announced this week was 56m 2008 Perini Navi built Salute, currently for sale at $35,000,000 with Burgess.
Salute is for sale with Burgess
Tom Corkett at Ardell has listed 30.2m 1980 Palmer Johnson built Banyan for sale at $2,995,000.
Three further listings from Burgess this week: 1998 Amels built 54.4m Faribana V is for sale at €22,950,000; 2009 Trinity built 50.4m Sapphire is on the market at $22,880,000; and 2010 Su Marine built 46.8m Roxane is priced at €7,500,000.
Bush & Noble have listed 31.39m 2007 Overmarine built Magnifico for sale at $3,800,000.
Camper & Nicholsons have listed 1987 Versilcraft built 31m Queen South for sale at €980,000.
Kent Chamberlain at Chamberlain Yachts has just listed 2009 CRN built 39.6m Libertas for sale at €8,900,000.
Moran Yacht & Ship are the new central agents for 1997 Christensen built 47.2m Abbracci, on the market at $15,950,000.
Two new listings from Northrop & Johnson this week: Wes Sanford has placed 37.5m 2006 Palmer Johnson built BB3 on the market at $7,850,000; and Bart Kimman is the new agent for 34m 2009 Custom built Ocean Runner, on the market at $7,770,000.
OceanStyle has announced their new listing of 1985 Oceanfast built 37.2m Never Say Never is on the market at $7,900,000.
Stephen Barnes and Christopher Cooke at United Yacht Sales have listed 34.75m 1997 Crescent built Cloud Nine on the market at $1,890,000.
The final two listings this week comes from Worth Avenue Yachts: Michael Mahan and Mark Osterhaven have listed 39.62m 2008 Westport built JW for sale at $11,990,000; while Performance Boats joins the team in the listing of 36.6m 2006 Benetti built Andiamo for sale at $9,900,000.
Price Reductions
Price reductions decreased back down to five this week, compared with the nine reductions from last week. The following yachts are still on the market and looking for buyers:
The largest yacht to be reduced this week was through Burgess with 49.8m 1990 De Vries built Inevitable, now on the market at $17,250,000.
Cornelius Gerling of Edmiston has reduced 2012 Sanlorenzo built 33m Regine, to €7,490,000.
Regine
The final three reductions this week are from Moran Yacht & Ship: 46.2m 2003 Hakvoort built Allegria is on the market at $24,750,000; 1991 Euroship built 34.8m Miami Blues is now priced at €3,500,000; and the final reduction of 2006 Moonen build, 34.7m Beluga, to €8,900,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
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