News in this morning of a €250,000 price reduction to Nicolas Marchand's central listing, the 25.03m classic sailing yacht Agneta at Bernard Gallay Yacht Brokerage by an owner who's "extremely keen to sell her by the end of summer."

Agneta was built to a Knut Reimers design by Stockholm’s Plym yard in 1950 entirely in oak and mahogany. Owned for over 30 years by Gianni Agnelli of the Fiat dynasty, this superyacht became a familiar and highly-regarded sight on the Mediterranean regatta circuit. Always well maintained, she was last refitted in 2004 and sleeps up to seven guests in a master and two twins plus a Pullman berth. The new asking price is €1.2 million.