Nicholas Dean, managing partner at Ocean Independence reports “our sales brokers are involved in a number of deals at the moment and we see this continuing as we close in on the main summer cruising season. In years gone by, we have had very definite quiet times, but this seems to have now disappeared and we are fairly constant throughout the year”.
Market stability is returning to a new norm thanks to a balance in global economies. Like many other European based brokers, they are seeing US clients return to market due to good value for their dollar. “The big change for us has been the return of the US clients who are benefiting from very favourable exchange rates” Dean explains. “The Eastern Bloc market has definitely changed in number and character, but it always seems that when one market changes, another one comes to the fore. Both sales and charter markets seem increasingly buoyant” he concludes.
The weeks running 21 April – 5 May saw five sales completed, three new central agencies announced and two price reductions made.
Steadily increasing this week, five sales were completed, all with involvement from the Ocean Independence team.
The largest yacht to be sold this week was 52m Damen support vessel, Sea Axe. Completed in 2012, she was for sale through Chris Collins and Thom Conboy of Ocean Independence for €10,500,000 and closed in a direct to buyer sale.
Allied Marine have sold 2000 Westport built 34.1m Sea Loafers III, priced at $2,995,000 with Ocean Independence representing the buyer.
Frank Grzeszczak and Frank Grzeszczak Jr. of International Yacht Collection have sold 2000 Codecasa built 34.5m Mimu, priced at $4,995,000 with Ocean Independence bringing the buyer.
The final two sales this week are again from Ocean Independence: Jeremy Bottau and Peter Hurzeler have sold 2009 Mondomarine built Maestro of Gibraltar with a price tag of €5,900,000 and Gibraltar Solutions introducing the buyer in the transaction; while Gregory Gheraia has sold 1974 Benetti built 29.75m Pokrov, priced at €1,300,000 with Neo Yachting acting for the buyer.
New Central Agencies
The largest new listing this week is from Thom Conboy and Chris Collins of Ocean Independence with 50m 2010 Westport built Harmony, priced at $29,995,000.
Moran Yacht & Ship have listed 2008 Leopard 34 for sale at €2,600,000.
Moran Yacht & Ship
The final new listing is again from Thom Conboy, this time joined by Teddy Garsva of the Ocean Independence team with 1999 Azimut built 30.5m Grand Barossa, priced at $2,399,000.
There were two price reductions this week with Thom Conboy at Ocean Independence announcing the new price of 2003 Crescent Custom built 36.88m Olga, at $6,195,000.
While YachtZoo have reduced 2008 32.5m Maiora built Tuscan Sun to €3,900,000.
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