‘It’s not all doom and gloom in the market’, says Jim Evans of SuperYachtsMonaco
Jim Evans of SuperYachtsMonaco speaks with SuperyachtNews.com regarding the current sales market, following his sale of M/Y 'Irisha'.…
After a relatively straightforward deal, Irisha was sold this week to “an experienced buyer who knew this particular Azimut model”, Jim Evans managing director at SuperYachtsMonaco, explained in conversation with SuperyachtNews.com. “Price was a factor to some extent, but the selling price was fair and reasonable for both the seller and the buyer. Any industry insider will know that it is particularly difficult to sell this type of yacht at the moment since the market is such a challenge, so, we are particularly pleased with the result.”
Evans shares similar sentiments to other brokers about market performance in 2014. “We had a very good year in 2014 and fully expect to continue to improve year on year, and to expand again in 2015. Interest is varied in terms of the type of yachts that are in demand but we are finding an increased interest in expedition yachts”.
And while the market will still experience its fair share of issues in relation to global wealth and various political challenges, Evans maintains their target customer should remain relatively stable. “Recent studies of worldwide personal wealth confirm that while there are risers and fallers, the wealthiest one per cent show growth in their overall net worth. As this is our client base, we take encouragement from such statistics and we look closely at the sectors most important to us for a more accurate assessment of the market”.
The week running 20 – 26 January saw two sales completed, two new central agencies announced, and four price reductions made.
Superyacht Sales
The largest yacht to be sold this week was through Jonathan Barbe of Edmiston with 1930 Defoe Boat & Motor Works-built 47.96m RS Eden. Priced at €6,950,000, Ocean Independence introduced the buyer in the transaction.
As mentioned, the other sale this week was through SuperYachtsMonaco with 2013 Azimut-built 31.4m Irisha. Priced at €6,000,000, Dream Marine introduced the buyer in the deal.
New Central Agencies
Central agencies dipped down to two announced following on from last week’s six.
The largest new listing this week was through Bjorn Vang-Mathisen of Ocean Independence with 36m De Amstel-built Sunny Hill, priced at €4,900,000.
The final listing this week was the jointly listed 2005 Horizon Yachts-built 32m Maximus II, priced at $4,995,000 through Fraser Yachts, Emerald Pacific and Gilman Yachts.
Price Reductions
Price reductions were halved to four announced, following last week’s eight. The following yachts are still on the market looking for buyers:
Two reductions from Northrop & Johnson this week: 1990 Perini Navi-built 47m Andromeda La Dea, listed through Hank Halsted, now priced at €7,500,000; while Kevin Merrigan and Wes Sanford have reduced 2003 JFA-built 37.18m Zeepaard to $12,500,000.
The final two reductions this week are from Marc Haendle at Ocean Independence: 2006 Heesen-built 37.3m Chrimi II is now priced at €7,900,000; and 2006 Vitters-built 43.2m Mystere is now on the market at €11,500,000.
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Evans shares similar sentiments to other brokers about market performance in 2014. “We had a very good year in 2014 and fully expect to continue to improve year on year, and to expand again in 2015. Interest is varied in terms of the type of yachts that are in demand but we are finding an increased interest in expedition yachts”.
And while the market will still experience its fair share of issues in relation to global wealth and various political challenges, Evans maintains their target customer should remain relatively stable. “Recent studies of worldwide personal wealth confirm that while there are risers and fallers, the wealthiest one per cent show growth in their overall net worth. As this is our client base, we take encouragement from such statistics and we look closely at the sectors most important to us for a more accurate assessment of the market”.
The week running 20 – 26 January saw two sales completed, two new central agencies announced, and four price reductions made.
Superyacht Sales
The largest yacht to be sold this week was through Jonathan Barbe of Edmiston with 1930 Defoe Boat & Motor Works-built 47.96m RS Eden. Priced at €6,950,000, Ocean Independence introduced the buyer in the transaction.
As mentioned, the other sale this week was through SuperYachtsMonaco with 2013 Azimut-built 31.4m Irisha. Priced at €6,000,000, Dream Marine introduced the buyer in the deal.
Irisha was sold this week
New Central Agencies
Central agencies dipped down to two announced following on from last week’s six.
The largest new listing this week was through Bjorn Vang-Mathisen of Ocean Independence with 36m De Amstel-built Sunny Hill, priced at €4,900,000.
Sunny Hill
The final listing this week was the jointly listed 2005 Horizon Yachts-built 32m Maximus II, priced at $4,995,000 through Fraser Yachts, Emerald Pacific and Gilman Yachts.
Price Reductions
Price reductions were halved to four announced, following last week’s eight. The following yachts are still on the market looking for buyers:
Two reductions from Northrop & Johnson this week: 1990 Perini Navi-built 47m Andromeda La Dea, listed through Hank Halsted, now priced at €7,500,000; while Kevin Merrigan and Wes Sanford have reduced 2003 JFA-built 37.18m Zeepaard to $12,500,000.
Andromeda La Dea
The final two reductions this week are from Marc Haendle at Ocean Independence: 2006 Heesen-built 37.3m Chrimi II is now priced at €7,900,000; and 2006 Vitters-built 43.2m Mystere is now on the market at €11,500,000.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
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