Merle Wood & Associates has listed Codecasa’s Apogee for sale, which is set to feature at the Fort Lauderdale Boat Show next month. The Italian yard delivered the 62.5m in 2003 and she is now on the re-sale market for the first time with an asking price of $39.95 million.

She has notably large range of 7,000 nautical miles at a 12-knot speed, making her able to comfortably undertake a trans-Atlantic crossing for European cruising should it be required. She is fitted with two Caterpillar 3516B engines with a combined 3,326 total kilowatt output, allowing a cruising speed of 14 knots and a maximum speed of 17 knots. The rich mahogany interior is a product of Italian-based Studio Dellarole and her 6/7 cabin layout allows her to accommodate 16/18 guests.

62.5m Apogee

The Superyacht Intelligence Agency’s data shows that in 2015 there have been 13 yachts listed for sale between 60-70m with an average listing price of €47.56 million, equivalent to $53.98 million (XE Converter), and the average build year of the 13 yachts is 2002, making it a suitable comparison.

Apogee’s price per gross ton breaks down to approximately $35,079 per GT, which is significantly lower than the average of $43,452 per GT for 60-70m new listings in 2015. The only two with a lower price per GT are the 1965 build Sherakhan at $15,261 and CRN’s New Sunrise at $23,736, showing that she is one of the lower priced yachts in this size category currently on the market. 

It is also worth noting that Merle Wood & Associates sold Codecasa’s 65m Lady Lau in August, so the build is likely to be familiar territory for the brokerage firm.

LOA: 62.5m
Year of build: 2003
CA: Merle Wood & Associates
Asking price: $39,950,000

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Merle Wood & Associates

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