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$1.7 million price cut on sailing yacht Sea Diamond at Ardell

Tom Corkett at Ardell contacts me with news of a $1.7 million price drop on his central listing, the 27.4m sailing yacht Sea Diamond.

Built by Abeking & Rasmussen in 1956 and designed by Philip Rhodes, she boasts an excellent pedigree and has been well cared for.

Between 2001 and 2004 Sea Diamond underwent a major interior and major systems refit at a cost of $6 million. Her entire interior was completely stripped down to bare the hull and a new interior was built from scratch. The end result was a masterpiece of wood work.

At the same time, the entire teak deck and sub-decking were replaced. Also during this refit period, complete new AC and DC electrical systems were installed, including all new pumps, air conditioning, and galley appliances.

In 2009 new Sitka Spruce masts and booms were built, along with new custom fabricated metal mast hardware. In 2010 the entire interior was redecorated with fresh fabrics and soft goods.

Currently lying in Palma de Mallorca, Sea Diamond is down from $6.2 million to $4.5 million.

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