Review of the Cannes and Monaco yacht shows
by Malcolm MacLean
Time as usual, I guess, to canvass industry leaders on their reactions to the recent yacht shows in Cannes and Monaco.
On Cannes, Bertrand Vogele, CEO of Yachting Partners International, says, 'As always, activity on the Port Canto compared to other Shows - and indeed the main Show in the old port - is disappointing. However its location does act as a natural filter and almost all the visitors we welcomed were genuinely interested in purchasing. We had three yachts in show and two at anchor – two yachts in particular attracting some good interest.'
Richard Lambert at Oceanstyle by Burgess comments, 'Cannes resulted in our receiving a number of offers for the yachts that we had on display. This is due to a combination of the right selection of well presented yachts for the market that the Cannes Boat Show is geared towards with asking prices pitched at sensible levels.'
Of the Monaco show, Jonathan Beckett at Burgess says, 'The show this year was very different to previous years. The general traffic and footfall on the docks was definitely quieter – and also with more yachts in attendance than ever before, both in the show and at anchor off Monaco. Around 90 yachts in the show and about 130 out at anchor with a combined total asking price in the region of US$3.25 billion.
'Relative to previous years, there did appear to be similar levels of established clients in attendance: whether existing yacht owners looking to step up, sellers investigating the competition for their own yachts, or potential buyers.'
And it's back to Bertrand Vogele: 'This year’s Monaco Show was a hive of activity – there were some excellent quality visitors in attendance and some very attractively priced yachts. We had three yachts in Show with four at anchor. We brought clients from all over the world including our Chinese offices and I’m pleased to announce that some of our clients did actually make serious offers on some yachts in show. We also signed some new yachts to our charter fleet – we’ll be revealing them over the next few weeks. A very productive event overall – we now wait to see how much of all that hard work really pays off for our clients.'
More from Richard Lambert: 'Whilst the Monaco show was a very impressive forum for the showcasing of some excellent opportunities to existing clients and yacht owners there was a large abundance of trade visitors and I feel that more could be done to attract new potential yacht owners into the market.'
Frank Grzeszczak at International Yacht Collection says, 'I had a few very qualified Americans aboard Lady Linda, but in general I feel as if the show was slower than in the past.'
And finally, over to Hein Velema, CEO at Fraser Yachts: 'The great atmosphere during the Monaco Yacht Show luckily didn’t reflect the disappointing 2012 brokerage statistics. We had offers on several of our listings and hope some of these come to fruition.'