After September’s figures, which saw a number of 2009 brokerage sales records broken, October proved to be a more sobering month, with 14 superyachts reported sold at asking prices totalling just over €70 million, a far cry from September’s totals of 24 yachts at €373 million. Talking to brokers, there is some speculation as to whether we’ve witnessed a ‘dead cat bounce’ or if, after numerous yacht viewings at the recent Monaco and Fort Lauderdale boat shows, the offers will now start coming in. Either way, brokers are unanimous that too many sellers are continuing to set unrealistic asking prices and that the right boat at the right price will still sell.
Toby Maclaurin at Ocean Independence asks, “Do we see a repeat of last year when the end of summer brought an abrupt end to yacht sales? Well not quite. The resurgence in activity we saw in August and September has most certainly died off and the most commonly heard word heard in connection with business at the Fort Lauderdale Show is ‘disappointing’.
“However, our business has always enjoyed elements of seasonality and large elements of randomness and, as hard as we try to analyze, there is never really enough data to produce statistics that are powerful enough to show large trends. People in the car trade would probably describe every large yacht sale as an anomaly, which in a way they are.”
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