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Photo: Camper & Nicholsons

Brokerage boat of the month: the yacht designed by the world's oldest yacht design office

2 April 2024 • Written by Nick Jeffery

Every month we place a spotlight on one of the best-designed brokerage boats that have joined the market, changed agents or have had a significant price drop. For March, the 55-metre, 122-year-old Madiz is our Brokerage Boat of the Month.

Designed as Triton by G.L.Watson & Co, Madiz  was built of steel in Scotland by Ailsa and delivered in 1902. Now lying in Perama, Greece, Madiz is asking €9,750,000 with VAT paid. She is listed with joint central agents, Jean-Marie Recamier and Jessica Ruez of Camper & Nicholsons and Dr. William Collier of G.L.Watson & Co.

Now lying in Perama, Greece, Madiz is asking €9,750,000 with VAT paid.

BOAT's brokerage editor says:

In similar fashion to driving a vintage motor car into Monaco's Casino Square, and attracting more admiration from onlookers than the expensive supercars, when Madiz enters any anchorage, everybody stops and looks, appreciating the elegant lines of a bygone era. All respect the owner and crew for looking after her as "custodian" for future generations. 

The brokers say:

Jean-Marie Recamier of Camper & Nicholsons pointed out that "Madiz is one of a few yachts to have survived from the early 20th century, and arguably there is no other yacht of this size, age, and original standing remaining". He noted her "British Victorian interior style decoration" and that she can also claim "the title of the oldest vessel in operation to have Lloyd's classification". Dr William Collier of G.L.Watson & Co. said that "we have all the key original drawings as well as those when she was Hiniesta", which would be useful should a future owner wish to do a refit.

Photo: G.L.Watson & Co.
The first page of the entry for Madiz (as Design No. 409 – Triton) at G.L.Watson & Co.
Photo: G.L.Watson & Co.

Key features:

  • Only two owners in the last 56 years
  • Seven cabin layout
  • Two 6-metre elegant tenders
  • Complete history available (as a book)
  • British Victorian interior style decoration
Model of Triton, as Madiz was originally named, in the offices of G.L.Watson & Co.
G.L.Watson & Co.

What makes her special?

Madiz has a seven-cabin layout for up to 14 guests, with the interior styling following the same British Victorian themes as she did when she was launched. The master suite enjoys private deck access and a Jacuzzi-style tub, while one of the other cabins has a fair-sized office attached to it for working at sea.

There are ample outdoor deck areas on board for dining and unwinding, including an open sundeck and shaded forward seating for mealtimes. There is provision for a crew of ten and she is served by a 6-metre Riva Superflorida tender as well as a 6-metre classic launch. Double Mercedes 250 HP engines push her to a top speed of 11 knots, pared back to ten knots cruising and her range is 2,750 nautical miles at cruising pace.

Price comparison:

We searched BOATPro to compare similar yachts on the market to the 55-metre Madiz. There really is nothing in its class and the brokers correctly said: "She is unique! That is the point and opportunity!" 

Read More/122-year-old 55m classic yacht Madiz joins the market

More about this yacht

Ailsa   60.96 m •  1902

Yachts for sale

Ailsa   55.4 m •  14 guests •  €9,750,000

Similar yachts for sale

Ailsa   55.4 m •  14 guests •  €9,750,000

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