Last month we reported the yachts sold in October as ‘sobering.’ So perhaps it might be an idea to pour yourself a glass of something strong before going through the list of November’s yacht sales. In all, nine superyachts over 24m were reported sold at asking prices totalling €40.7 million, as against October’s figures of 14 yachts sold at €70.8 million. However, the outlook isn’t too bleak as already, in only first two weeks of December, ten yachts have been reported sold, including – hot off the press - Kokomo the 51.7m sailing yacht from Alloy Yachts.
Asked for his views on the current market, Kevin Merrigan says, “In my 22 years at Northrop and Johnson, we have seen several of these cycles. Regardless of the economy, there are always buyers and always sellers. However, best of times or worst of times it is interesting to me that in a specific category there are only a few outstanding values. Meaning that, if you are in the market for the best value in a 45m power or sailing yacht, there are only one or two that come to the forefront as offering exceptional value.”
The data presented below is based on reported sales by brokers and the yachts’ asking prices at the time of sale and of course we have to remind readers that some sales are so discreet that they pass under the radar.
| Name | Length | Builder | Asking Price | Listing Broker | Buyer Broker |
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| Adventuress | 29.00 | William Fife | $1,950,000 | Edmiston | Edmiston |
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| C2 | 34.02 | Custom Line | € 6,900,000 | Fraser Yachts & YCO | Camper & Nicholsons International |
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| Crystal Lady | 34.96 | Warren Yachts | $7,495,000 | Fraser Yachts | 37 South |
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| Echo des Mers | 51.82 | Collingwood | $1,750,000 | Sarasota Yacht & Ship | Sarasota Yacht & Ship |
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| Gas Gas | 34.00 | Baglietto | € 5,900,000 | Flagship & CCYS | Flagship |
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| Intrinsic | 25.00 | Broward Marine | $495,000 | United Yacht Sales | South Florida Yachts |
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| Morocha | 34.02 | Custom Line | $7,900,000 | Northrop & Johnson | Northrop & Johnson |
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| Sapphire | 30.40 | Holland Jachtbouw | $3,950,000 | Fraser Yachts | Withheld |
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| Southern Wind 100 | 30.00 | Southern Wind | Withheld | Yachting Partners International | Yachting Partners International |
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Kevin Merrigan goes on to say: “Charter continues to pick up, our new construction orders are strong, crew placement has more vacancies that qualified applicants (this was not the case last spring!) and we have several brokerage deals currently being surveyed. This is better than the close of 2008.”
The first chart below shows the value of yachts sold since January:
Superyacht sales by month
The second chart below indicates the value of sales by length and shows that yachts in the 30-40m range, at €361 million, have again pulled ahead of large yachts of 50-70m at €324 million.
Superyacht Sales by length
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