On July 20th I reported the auction of the 38.2m Christensen motor yacht Emerald Isle, with the prediction that she wouldn't meet the reserve but would sell soon afterwards - and that's exactly what's happened.
A call to Kelly Drum at Yacht Auction Group, who's a licensed broker, confirms that she's now sold - having failed to meet the reserve at auction - on behalf of delighted owners at a price of $2.27 million. Kelly says, "From an industry standpoint we heard lots of different stories about this superyacht's value. However, the bottom line is that, after a vigorous marketing campaign in a tough market, we showed 40 groups of potential buyers from seven countries around this yacht."
Built to ABS class in 1992 by Christensen, this superyacht had a major refit in 2009. She accommodates eight guests in a master, VIP and two double cabins. But perhaps the most important aspect of this story is that we now know exactly what value the market places on a composite yacht of this length and vintage.