The latest data from BOATPro has revealed a surge in the number of owners putting their yachts up for sale in August, bringing the total value of new brokerage listings to €651.96 million.
Compared to last month, the figure represents a 24.7 per cent increase in value that has likely been spurred by the incoming European boat show season.
There were 62 new additions to the sales market this month, with the most expensive being SilverYachts’ in-build 79.5-metre project named Silver Edge (asking $75 million with Fraser ahead of its 2026 delivery) and the newly delivered Tankoa superyacht Kinda (asking €34 million with Ocean Independence).
August in numbers
26 sales (including one new build)
€282.2M total value of sales
€12.8M average sales value
62 new listings
€651.96M new listings value
€10.9M average new listing value
70 price drops
€51.2M total price drop value
Other notable yachts listed for sale included the 47.1-metre Feadship Berilda (asking $21 million with BR Marine Group) and 31.5-metre Benetti classic motor yacht Sounion II (asking €4.2 million with Moravia Yachting), both of which will be on display at this month’s Cannes Yachting Festival.Read More/The most exciting yacht debuts at the 2023 Cannes Yachting Festival
Meanwhile, the number of brokerage sales in August fell by 43.5 per cent compared to the previous month, with a total of 26 yachts sold. The largest of which was the 89-metre Amels superyacht Here Comes the Sun in a deal involving both Fraser and Burgess. The yacht was sold with an asking price of €178.5 million, which accounted for more than half of the total sales figure for the month at €282.2 million.
One new-build yacht was sold on the brokerage market in August, comprising Benetti’s first 60-metre unit in its B.Now series.* Expected for delivery in 2027, the yacht was sold by SuperyachtsMonaco and features a number of customisations including Benetti’s signature Oasis Deck.
Regarding the number of price drops, a total of €51.2 million was shaved from the brokerage market this month across 70 individual price adjustments. Up slightly compared to last month, it would appear that brokers are looking to make room for the number of yachts coming onto the market in time for the upcoming boat shows.
*Prices for the new build yacht and three other brokerage sales have been withheld and are not included in the total sales valueRead More/The biggest yachts for sale at the Monaco Yacht Show 2023