‘Market seeing good buying activity and increase in orders’ comments West Nautical
Following the sale of 60m 'St David’s', Geoff Moore of West Nautical spoke with SuperyachtNews.com regarding recent market activity.…
After the expansion of its management team, West Nautical closed on its first major sale for 2015 with confirmation of the 60m St David’s deal last week. Speaking with Geoff Moore, MD, he shared that, “2014 was an interesting one for the superyacht brokerage market, with sales up and shipyards presenting some impressively sized yachts”.
With a healthy order book and 2014 showing promise for the future, the team echoes the insight of other brokers you speak to today. “We are optimistic and believe the good buying activity, increase in orders and the fact that nearly every custom yacht builder has invested in new designs to lure custom boat buyers helps to support that”, Moore comments.
As for the future, he believes it’s the new wealth that will show greater promise. However, only time will tell how the sales market fares. “The world has again counted a record number of new billionaires. But the fluctuating marketplaces, a surprising cool-down in BRIC countries’ economic growth and an uneven economy in Europe could keep a foot on the brakes for an industry otherwise poised for certain growth”.
A very quiet news week, 8 – 13 April saw one sale completed and two new central agencies announced.
Superyacht Sales
The only sale closed this week was listed through Ron Morgenstein of International Yacht Collection with 34m Symphony II. On the market with a price tag of $4,295,000, she was built by Westport in 2001 with Global Marine Group introducing the buyer in the transaction.
New Central Agencies
New central agency listings dropped again down to only two announced this week following last week’s three.
The largest new listing was through Alex Busher of Edmiston with 1929 Krupp Germaniawerft built 71m Dona Amelia, on the market at €23,000,000.
While the only other listing this week was from Maarten Ten Holter of Fraser Yachts with 2008 Moonen built 30m Maximus, on the market at €5,700,000.
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With a healthy order book and 2014 showing promise for the future, the team echoes the insight of other brokers you speak to today. “We are optimistic and believe the good buying activity, increase in orders and the fact that nearly every custom yacht builder has invested in new designs to lure custom boat buyers helps to support that”, Moore comments.
As for the future, he believes it’s the new wealth that will show greater promise. However, only time will tell how the sales market fares. “The world has again counted a record number of new billionaires. But the fluctuating marketplaces, a surprising cool-down in BRIC countries’ economic growth and an uneven economy in Europe could keep a foot on the brakes for an industry otherwise poised for certain growth”.
A very quiet news week, 8 – 13 April saw one sale completed and two new central agencies announced.
Superyacht Sales
The only sale closed this week was listed through Ron Morgenstein of International Yacht Collection with 34m Symphony II. On the market with a price tag of $4,295,000, she was built by Westport in 2001 with Global Marine Group introducing the buyer in the transaction.
Symphony II
New Central Agencies
New central agency listings dropped again down to only two announced this week following last week’s three.
The largest new listing was through Alex Busher of Edmiston with 1929 Krupp Germaniawerft built 71m Dona Amelia, on the market at €23,000,000.
Dona Amelia
While the only other listing this week was from Maarten Ten Holter of Fraser Yachts with 2008 Moonen built 30m Maximus, on the market at €5,700,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
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