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Brokerage report: Market shift evident as total sales value falls 76% in October

3 November 2023 • by Gabrielle Lazaridis

Following a favourable third quarter of 2023, the superyacht brokerage market has now entered an expected cooling-off period, with official BOATPro data showing depressed actvity for the month of October. 

The most striking result for this month was a sharp decline of 75.6 per cent in the total value of sales, likely exaggerated by the heightened activity of September's boat show season. Compared with the previous month, this figure fell from €567.7 million to €138.4 million – also the lowest monthly sales value seen this year.

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Turquoise Yachts   55.4 m •  2011