This week, the sale of 44.5 metre H1 drove overall superyacht sales values to a healthy €63.7M.
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According to BOAT Pro data in association with Superyacht Recruiter, seven yachts found new owners between 30 May and June 1. Although this was five fewer sales than the week before, H1’s sale (for €27.9M) lifted the average asking price to €12.7M per yacht sale.
It also meant this week’s overall sale value only ended up €2.4M less than last week’s figure of €66.1M. After weeks of undulating behaviour, Sanlorenzo’s H1 helped restore a degree of balance to the market.
BROKERAGE IN NUMBERS
€63.7M in total sales
€12.7M (3 withheld prices)
€32.1M in listings values
15 price changes
€9.5M in price reductions
€0 in price increases
7 CA changes
It was a busy week on the listings side of things, as five vessels entered the market and a further seven switched central agencies. Most notably, Custom Line’s 32 metre Y was listed with Yacht & Villa, asking €11.2M.
Once again, the amount of price increases this week stood at €0 – the same figure as the week before. And once again, there was a notable lessening of overall listings values as 15 yachts had price reductions.
One of these was the world-girdling Cheoy Lee motor yacht Dorothea III, with a clean $1M price drop. This marked the eighth overall price change for the 45 metre yacht since she first came to market in May 2019 with Camper & Nicholsons.
In total, the sum of all price reductions throughout the market equalled €9.5M this week – a buyer’s market indeed.