Codecasa’s 65m build, Lady Lau, which was jointly listed for sale with Worth Avenue Yachts and Merle Wood & Associates, has been sold, with a final asking price of €39.5 million.

Worth Avenue Yachts’ Peter Thompson introduced the buyer to complete what is the largest re-sale so far this year by LOA. She was originally listed for sale in October 2011 for €44.9 million, but a €5.4 million price reduction in February this year established a more inviting asking price.

Lady Lau is a full displacement motoryacht that was delivered by the Italian yard in 2010. The rich mahogany and marble interior is a product of Italian designers, Della Role Design. She can accommodate 18 guests in a capacious nine-cabin interior, which exceeds the typical accommodation capacity of the 60 to 70m motoryacht fleet - 14 guests over seven cabins, according to data compiled by The Superyacht Intelligence Agency. Additionally, she is fitted with a cinema, gym, and has an elevator to provide easy access between the five decks onboard.

By the end of August 2014 there had been nine 65m+ sales, showing that the ‘big ticket’ sales this year have been few and far between. However, this has not been detrimental to the average LOA of yachts sold for the year, which at 40.7m remains only fractionally lower than the 42m average for 2014.

LOA: 65m
Year of build: 2010
CA: Worth Avenue Yachts & Merle Wood & Associates
Final asking price: €39,500,000

Profile links

Merle Wood & Associates

Worth Avenue Yachts

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