After a sluggish 2016 for the 60m+ brokerage market, the first quarter of 2017 has ended with a flurry of activity – with notable sales, new listings and yachts lowering to increasingly competitive price ranges.
The most significant announcement is Moran Yacht & Ship’s sale of Lürssen’s 85.1m Solandge – her final asking price was €155 million.
It’s a commonly accepted theory that anyone who buys a superyacht never puts more than 10 per cent of their net worth into it. With roughly 2,000 billionaires worldwide, the buying demographic for Solandge was incredibly restricted – and made no easier that the boat was used and has a fairly elaborate interior. Though it only takes one person to take these vessels off the market and this sale exemplifies that ‘big-ticket’ buyers are out there.
The owner of explorer yachts, 77.4m Legend and 69.7m Sherakhan, has listed both vessels for sale with IYC and Fraser. The former is priced at €46.5 million and the latter at €24.5 million. The hands-on owner found Sherakhan, a former training vessel, in a sorry state in Holland, before rebuilding her in 2005 with the purpose of luxurious exploration.
He later took on a new project in Legend, a former Russian ice-breaking tug that had already been converted into an explorer, but a fire on board had put her out of operation. In 2014, Legend began a conversion, before being released in Spring 2016. Both are sought after charter vessels and there’s certainly a budding market for this style.
Feadship’s 60.3m Rock.It has also come onto the market with Northrop & Johnson and Burgess, and is priced on application. Though similar in age to other Feadship sales listings – and sisterships – 46.2m Lady May and 46.4m Kiss, the next oldest Feadship of a comparable size for sale is the 2005-built Madsummer.
Two of Alberto Pinto’s designs, from different eras, are also seeing brokerage market activity. 80.2m Grand Ocean, the 1990-built Blohm+Voss build that was sold in September 2016, is back on the market with SSH Maritime and for sale at €39.9 million.
And 66m Natita, for sale with Worth Avenue Yachts and Burgess, has had another large price reduction of $6.9 million, to drop the price to $39.9 million. The vessel boasts a gigantic volume of 1,801gt and is now at 59 per cent of her initial listing price in September 2015.
Gallery order: Solandge, Sherakhan, Legend, Rock.It, Grand Ocean and Natita
If you like reading our Editors' premium quality journalism on SuperyachtNews.com, you'll love their amazing and insightful opinions and comments in The Superyacht Report. If you’ve never read it, click here to request a sample copy - it's 'A Report Worth Reading'. If you know how good it is, click here to subscribe - it's 'A Report Worth Paying For'.