Industry observers will no doubt have noticed that recent price reductions have been in the millions of dollars and euros as owners show their determination to sell. Here we present a selection of five such large price drops.
Toby Maclaurin and Marco Vandoni at Ocean Independence saw a €4.5 million drop on the classic 47.96m motor yacht RS Eden.
She was originally built in 1930 by Defoe Boat & Motor Works to a design by John H Wells and passed through a succession of owners and names, even being requisitioned by the US Navy in World War II.
An extensive refit was undertaken in 2005/2006, including the requirements of adding an owner’s office and extended aft deck, improving visibility in the dining room, the capability of meeting MCA standards, and generally of returning the vessel to her original classic 1930s style, paying special attention to her original features and aiming to retain as many of them as possible – all the while bringing her navigation and communication systems into the 21st century.
Now RINA classed and MCA compliant, RS Eden accommodates 11 guests in six staterooms while twin 650hp Caterpillar give her a stately maximum speed of 11 knots and a range of 4,000 nautical miles.
Lying in Monaco, RS Eden is down from €12.5 million to €8 million.
The 55.4m motor yacht Turquoise was delivered by Turkey’s Proteksan-Turquoise yard in 2011. With naval architecture and styling by Dubois, this steel and aluminium superyacht offers the ultimate in cruising comfort for up to 12 guests. Her exterior combines a purposeful sheer and business-like vertical windscreen with a long, elegant, seagoing bow. With two 1,500hp Caterpillar engines giving a maximum speed of 17 knots, and a 3,500-mile range at 14 knots, this is a yacht built for going places.
Her cool and classically modern interior is by HOK Design, and features a spectacular full-beam owner’s suite on the main deck, along with an equally opulent VIP. Four roomy en-suite guest cabins are arranged around a central staircase and lobby.
A recent $4 million price cut at Fraser Yachts means she’s now asking $31.5 million.
John Weller and Bruce Leffers at Northrop & Johnson reported a hefty $5 million price cut on the 42.1m motor yacht Bread.
Built by Kanter in 2007, Rolly Marine completely stripped her back to her aluminium hull in 2012, the interior, electrical and mechanical systems were replaced and new 575hp Caterpillar engines installed, making her essentially a new yacht.
The master and guest staterooms are accessed via a spiral staircase located on the aft side of the main saloon. Situated off a foyer, the master is aft with a centerline king bed, walk-in wardrobe and his and her marble bath. A VIP suite is just off the foyer to port, with king berth and ensuite bath. Two guest staterooms are located forward, both with king size beds and ensuite baths. Like all areas of the yacht, raised panel joinery and curved panels in highly finished teak complement the décor.
One of the many attractive features of Bread is her expansive aft deck, which is designed for every aspect of yachting life, from fine dining to casual cocktails.
Bread is down from $19,995,000 to $14,995,000.
Moran Yacht & Ship reported a $5.8 million price drop on Feadship’s 50m motor yacht Iroquois.
Built by the De Vries yard in 1998, she betrays no sign of her age and is a spectacular yacht with a timeless interior. Lloyds classed and MCA compliant, her Glade Johnson interior accommodates 10 guests in a master suite plus three doubles and a twin cabin.
A one-owner yacht in immaculate condition, Iroquois is down from $28.75 million to $22.95 million. For more information contact:.
There was a $5.5 million price drop on the 70.1m motor yacht Reverie, a joint listing with Ocean Independence, Merle Wood & Associates and Burgess.
Reverie was built by Benetti in 2000 and sleeps 12 guests for charter in eight cabins with a further two cabins available for personal staff. A major attraction though, is that she can accommodate 18 to 24 guests for private use.
Internally, her seven decks (all united by a lift) include one that is largely devoted to the owner. This includes a master suite that revels in a magnificent bedroom with panoramic forward views over the private terrace, sumptuous his and hers bathrooms and vast walk-in dressing rooms. The deck also offers two further family cabins (each with a double and a single bed), a study, an owner’s saloon and a circular inside-outside dining room.
Of the remaining guest cabins, four are identically sized double cabins with en suite bathrooms situated on the lower deck and an impressive VIP cabin, which occupies the forward element of the main deck superstructure.
Reverie is now down from $55 million to $49.5 million.
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2002 / 2008