News in from Eric Trupheme at Ocean Independence of a further €1 million price drop on his central listing for sale, the 47.5m motor yacht Olah.

Olah was built by Italian superyacht yard ISA to Lloyd’s class and is a fine example of the yard's craftsmanship. Designed by Walter Franchini, she was launched in 2005 with a major refit in 2011/2012. A popular charter yacht, she has expansive deck spaces and a light, elegant interior accommodating 10 guests in five staterooms. The accommodation layout is configured as a master suite, two VIP staterooms and two twin cabins – all with en suite bathroom facilities.

Twin 2,333hp MTU engines give her a range of 4,000 nautical miles at 12 knots and she is fitted with zero speed stabilisers.

Now down from €12.8 million to €11.8 million, Olah is lying in Golfe Juan, France, where her 50mx11m berth is also for sale.