News just in that, after 12 months of hard work, the first internet yacht auction took place last week.
With entries exceeding expectations and strong bidding from registered individuals the legal team of The Yacht Auction are now finalising a number of sales.
‘12 months ago we set ourselves an entry list target that would attract one or two buyers and maybe a sale, so the results we have achieved are very promising.’ said director James Fordham.
‘With the worsening world economic climate, we were not sure what to expect for the first auction, so to achieve these results has, absolutely, proved the model works.’ said fellow director Andy McDougall.
‘Over the last week we have had a tremendous amount of interest from around the world, specifically Europe, but including South Africa, China, and South America. Also encouraging is the fact that brokers are starting to realise the benefits and are approaching us to discuss entering a selection of their clients' yachts.’ added Andy
The next auction date has been set for April 25th and registrations from new bidders are already coming in. The team at The Yacht Auction are forecasting a good selection of both power and sail and are currently in negotiations to list some very attractive and sizable yachts.
As soon as all the paperwork is done on the sales, I'll let you have the results.