This is a summary of brokerage for the week dating 4 – 9 January. It was a slow week for brokerage, and just one yacht sale was announced, alongside just one new central agency, while two yachts were taken off the market. However price reductions saw the usual high level of activity, including a $10 million reduction, the largest to date in 2012.

Yacht Sales

Monaco Yacht (department of Monaco Equipage), based in Fontvieille, made the only sale announcement this week, that of the 2008, 36m motoryacht Junie II, built by ISA.

New Central Agencies

Merle Wood announced it has joined Burgess for the listing of the 57.3m Excellence III. The 2001 Abeking & Rasmussen is asking $45.95 million.

Price Reductions

Price reductions saw the most activity this week, with eight reduction announcements, two of which were the results of currency changes.

Allied Marine reduced the 26.8m motoryacht Incognito, a 2002 Pershing, to $2.349 million, while Yachtzoo reduced the 34.53m motoryacht Stella, a 2011 Sunseeker Predator, by approximately €1 million in a currency change, to £9.95 million.

The 26.8m Incognito

The 34.53m Stella

Elsewhere, Merle Wood reduced the 2010 49m Trinity motoryacht, Blind Date, to $25.5 million, while Haas International lowered the price of the 1997 26.82m sailing yacht Shaman by €450,000 to €1.85 million - the only activity concerning a sailing yacht this week.

The 26.82m Shaman

Three of this week’s reductions came from Ocean Independence, who announced the $304,500 reduction of the 1991 36.58m Broward motoryacht Sovereign, now asking $2.495 million, and the $1 million reduction of the 1999 49.96m Benetti motoryacht Cuor Di Leone, down to $17.995 million. The third reduction was the largest of the week, and the largest of 2012 to date. The 70.1m motoryacht Reverie, a 2000 Benetti build, saw a major reduction of $10 million, and now stands at $65 million.

Ocean Independence also announced that the price of Moonmaiden II, the 1975 39m Denizcilik motoryacht, has changed from €1,950,000 to $1,950,000. The currency change has resulted in a reduction of approximately €440,000, or $569,602.

Off the Market

Alongside its three price reductions and one currency change, Ocean Independence also took two of its motoryachts off the market this week. Both the 2007 38.5m Sanlorenzo, 4H, and the 1965 (refit in 2005) 26.36 Cantieri Navale Rodriquez, Cohete, were taken off the market.

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