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Superyacht Gloria's price reduced by $1.4 million at Northrop and Johnson

Yacht prices continue to tumble as Michael Nethersole at Northrop and Johnson sends word of a $1.4 million reduction in the price of his central listing, the 38.4m sailing yacht Gloria.

She was designed by Pieter Beeldsnijder and built by Jongert in 1986 with an interior finished by Lowland Yachts. Refitted in 2004, 2006 and 2009, this superyacht enjoys an impeccable pedigree, enhanced by the original owner’s request that she should be a modern incarnation of the famous 1936 A. Mylne-designed schooner, Panda.

Gloria is a staysail schooner with in mast and roller furling on all working sails, and power self-tailing winches for all sheets. This versatile rig allows efficient sail handling with a small crew, providing powerful and exhilarating performance in any wind conditions. She is built in steel with mahogany clad aluminium superstructures, and aluminium masts and booms. Her interior furnishings and joinery work are rendered in the highest quality mahogany, and feature intricate mouldings, leaded glass doors, handsome cabinetry, and flawless finishes.

Gloria has luxurious accommodation for eight guests in four en-suite staterooms, and for up to eight crew in three cabins. She normally cruises with five to six crew and, formerly on the market at $7.9 million, is now asking $6.5 million.

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