News of yet another hefty price reduction comes from Merle Wood at Merle Wood & Associates and James Auld at Edmiston & Company as their joint listing, Abeking & Rasmussen's 57.3m motor yacht Ultima III, has a price cut of €5 million.

Built in 1998 to a Donald Starkey design, the luxury yacht is Lloyds classed and MCA compliant, sleeping 18 guests in a master, VIP, six doubles and a twin.  There's also a vast sundeck encompassing over half the length of Ultima III, plus Jacuzzi. The superyacht's range is 4,400 nautical miles at 14 knots and the yacht leaves South Florida today (December 17th) for St Maarten. Previously priced at €44.9 million, Ultima III is now offered at €39.9 million.