Boathouse Auctions

Boathouse Auctions was built solely as an online auction platform for high-quality yachts. Our approach combines the benefits of traditional brokerage with the added value of time certainty and the competition and urgency created by an auction. We eliminate ongoing carrying costs by bringing buyers together, at the same time, to accomplish in weeks what quite often can take many quarters or years. In partnership with the listing brokerage, vessels are marketed extensively through a forty-day process. The role of the broker remains unchanged. The seller provides a hull, engine and mechanical survey. Buyer due diligence is conducted during a five-week preview period followed by a five-day online auction. Prospective buyers qualify to bid by placing a deposit into an escrow account held by the listing or selling brokerage. The sale to the highest bidder is final and unconditional with no contingencies. Upon the conclusion of the auction, we move immediately to closing in 30 days or less.