SALES
The impending holiday period saw a rush of sales during the past seven days, with 14 deals announced including four over 50 metres in length. The total asking price was in excess of £106million ($141 million) and the most active brokerage houses were Fraser and Camper & Nicholsons International, who were both involved in three completed deals this week.
PRICE REDUCTIONS
Three price drops were announced on yachts for sale this week, for a total reduction of £1.3 million ($1.7 million), and only one of these reductions were higher than £500,000 ($673,000).
NEW LISTINGS
Nine new yachts were listed for sale this week with a combined asking price in excess of £35 million ($46 million). Yacht & Villa International was the most active with three new listings, while the 42.09 metre Akhir motor yacht Element, listed for sale with Merle Wood & Associates, was the largest yacht to come onto the market.