$1 million price reduction on superyacht Moonlight at Edmiston

Word arrives that Edmiston & Company's Lloyd Ravenscroft has seen a $1 million drop in the price of his central listing, Benetti's 54m motor yacht Moonlight.

Built in 1984 and last refitted in 2002, this superyacht boasts an interior by Evan K. Marshall accommodating as many as 18 guests in nine staterooms. Currently available for inspection in Dubai, Moonlight is now asking $15 million.