$1 million price cut to superyacht Toto at Ardell

News in overnight from Craig Cadwalader at Ardell in Fort Lauderdale of a major reduction in price to the 33.5m sailing yacht Toto.

Built in 1983 by Palmer Johnson to a John G. Alden design, this superyacht has had several refits, the most recent being in 2009. She sleeps up to eight guests in a master and two double cabins plus two Pullman berths and cruises at nine knots. Previously priced at $4.95 million, Toto is now asking $3.95 million.