‘Exchange rates may encourage sales in Q2’, says Simon J Turner of Northrop & Johnson
Following his recent sale of S/Y ‘Signe’ Simon J Turner spoke with SuperyachtNews.com from the company's Palma office.…
Representing the seller in the recent sale of 35m Signe, Simon J Turner, based in the Palma office of Northrop & Johnson, took some time to discuss the market with SuperyachtNews.com. “The seller was quite pleased over the period that the yacht was on sale”, he told us. “It wasn’t a very lengthy process and seems both buyer and seller left happy”.
With the team currently processing some sales, Turner shares the future remains uncertain. “I fear the current market activity may not last, however varying global markets, including a low euro at the moment, may help move things along”.
The week running 24 - 30 March saw three sales completed, 10 new central agencies announced, and nine price reductions made.
Superyacht Sales
Two sales from Peter Thompson at Worth Avenue Yachts this week: the largest yacht sold was the 1993 Oceanco built 49.8m Anedigmi, priced at €8,500,000 and completed in house; while the sale of 2007 Palmer Johnson built 45.7m Skyfall II was sold with a price tag of $13,000,000 with SuperYachtsMonaco bringing the buyer.
As mentioned, the final sale this week was through Simon J Turner of Northrop & Johnson with 1990 Renaissance Yachts built 35.05m Signe, priced at €1,600,000 with Dolphin Yachts introducing the buyer in the transaction.
New Central Agencies
New central agency listings more than tripled to 10 announced this week, compared to last week’s three.
The largest new listing this week was through David Legrand of Fraser Yachts and Tomaso Polli of Edmiston with 2011 Codecasa built 51m Aldabra, on the market at €25,000,000.
David C. Lacz of Bartram & Brakenhoff have placed 1987 Broward built 31.39m Pathway on the market at $950,000.
Two further listings from Fraser Yachts: Tom Allen has listed 2006 B&B Boatworks built 35.05m Surfbird, on the market at $3,500,000; while Neal Esterly is the new CA for 2005 Benetti built 30.2m Keiki Kai, priced at $5,995,000.
Moran Yacht & Ship have placed 1999 Trinity built 36m Elizabeth for sale at $5,925,000.
Philip Bell and Kevin Merrigan of Northrop & Johnson have listed 1998 Antago built 32m Dear Henri, for sale at $1,850,000.
Two new listings from Ocean Independence this week: Marc Haendle has listed 1999 Vitters built 42.67m Aphrodite A for sale at €8,900,000; and Thom Conboy has placed the 2013 Palumbo built Columbus 40A Hybrid for sale at €15,500,000.
The final two listings this week are from Michael Mahan at Worth Avenue Yachts: 2008 Westport built 39.6m Antares is priced at $12,450,000; and 2008 Benetti built 36.5m Romanza has a current price tag of $10,495,000.
Price Reductions
Price reductions nearly doubled up to nine this week, following the five announced last week. The following yachts are still on the market looking for buyers:
The largest yacht to be reduced this week was through Giulio Riggio of Fraser Yachts and Dahm International with 43.66m, 2002 Baros Deportivos built SYL, now on the market at €9,000,000.
26 Degree North Yacht Sales have reduced 2004 Lazzara built 33.5m HalfTime, to $4,750,000.
Bernard Gallay Yacht Brokerage and Georges Bourgoignie of Fraser Yachts have reduced the 2005 Danish Yacht and Holland Jachtbouw built 33.24m Aventura, to $3,990,000.
Skip Denison of Denison Yacht Sales has reduced 2002 Cheoy Lee built 31.5m Blue Sky to $2,223,000.
Another reduction from Fraser Yachts this week with Jan Jaap Minnema announcing the new price for 2012 Benetti built 43.6m Zita, at €9,900,000.
Moran Yacht & Ship have lowered the asking price of 2001 Trinity Yachts built 38.4m Dorothy Ann, now on the market at $6,850,000.
Kevin Merrigan and Wes Sanford of Northrop & Johnson have reduced 37.18m Zeepaard, completed by JFA in 2003, to $9,950,000.
Mario Velona of Ocean Independence has reduced the asking price of 1993 Rossato built 40.27m Superfun, to €4,950,000.
While the final reduction this week was from YachtZoo with 2013 Horizon built 32m Agora II, now on the market at $7,280,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
With the team currently processing some sales, Turner shares the future remains uncertain. “I fear the current market activity may not last, however varying global markets, including a low euro at the moment, may help move things along”.
The week running 24 - 30 March saw three sales completed, 10 new central agencies announced, and nine price reductions made.
Superyacht Sales
Two sales from Peter Thompson at Worth Avenue Yachts this week: the largest yacht sold was the 1993 Oceanco built 49.8m Anedigmi, priced at €8,500,000 and completed in house; while the sale of 2007 Palmer Johnson built 45.7m Skyfall II was sold with a price tag of $13,000,000 with SuperYachtsMonaco bringing the buyer.
As mentioned, the final sale this week was through Simon J Turner of Northrop & Johnson with 1990 Renaissance Yachts built 35.05m Signe, priced at €1,600,000 with Dolphin Yachts introducing the buyer in the transaction.
Signe was sold this week
New Central Agencies
New central agency listings more than tripled to 10 announced this week, compared to last week’s three.
The largest new listing this week was through David Legrand of Fraser Yachts and Tomaso Polli of Edmiston with 2011 Codecasa built 51m Aldabra, on the market at €25,000,000.
New co-central, Aldabra
David C. Lacz of Bartram & Brakenhoff have placed 1987 Broward built 31.39m Pathway on the market at $950,000.
Two further listings from Fraser Yachts: Tom Allen has listed 2006 B&B Boatworks built 35.05m Surfbird, on the market at $3,500,000; while Neal Esterly is the new CA for 2005 Benetti built 30.2m Keiki Kai, priced at $5,995,000.
Moran Yacht & Ship have placed 1999 Trinity built 36m Elizabeth for sale at $5,925,000.
Philip Bell and Kevin Merrigan of Northrop & Johnson have listed 1998 Antago built 32m Dear Henri, for sale at $1,850,000.
Two new listings from Ocean Independence this week: Marc Haendle has listed 1999 Vitters built 42.67m Aphrodite A for sale at €8,900,000; and Thom Conboy has placed the 2013 Palumbo built Columbus 40A Hybrid for sale at €15,500,000.
The final two listings this week are from Michael Mahan at Worth Avenue Yachts: 2008 Westport built 39.6m Antares is priced at $12,450,000; and 2008 Benetti built 36.5m Romanza has a current price tag of $10,495,000.
Price Reductions
Price reductions nearly doubled up to nine this week, following the five announced last week. The following yachts are still on the market looking for buyers:
The largest yacht to be reduced this week was through Giulio Riggio of Fraser Yachts and Dahm International with 43.66m, 2002 Baros Deportivos built SYL, now on the market at €9,000,000.
26 Degree North Yacht Sales have reduced 2004 Lazzara built 33.5m HalfTime, to $4,750,000.
Bernard Gallay Yacht Brokerage and Georges Bourgoignie of Fraser Yachts have reduced the 2005 Danish Yacht and Holland Jachtbouw built 33.24m Aventura, to $3,990,000.
Skip Denison of Denison Yacht Sales has reduced 2002 Cheoy Lee built 31.5m Blue Sky to $2,223,000.
Blue Sky was reduced this week
Another reduction from Fraser Yachts this week with Jan Jaap Minnema announcing the new price for 2012 Benetti built 43.6m Zita, at €9,900,000.
Moran Yacht & Ship have lowered the asking price of 2001 Trinity Yachts built 38.4m Dorothy Ann, now on the market at $6,850,000.
Kevin Merrigan and Wes Sanford of Northrop & Johnson have reduced 37.18m Zeepaard, completed by JFA in 2003, to $9,950,000.
Mario Velona of Ocean Independence has reduced the asking price of 1993 Rossato built 40.27m Superfun, to €4,950,000.
While the final reduction this week was from YachtZoo with 2013 Horizon built 32m Agora II, now on the market at $7,280,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.
