Market Intelligence - October
Since the beginning of October the superyacht industry has seen over 20 yachts sold with a length of 24-metres or over.
Since the beginning of October the superyacht industry has seen over 20 yachts sold with a length of 24-metres or over. More than half of these were 10 years or older (the oldest being a motor yacht built in 1930 in the UK). The largest yacht sold during October was a 77-metre yacht built by Hanseatic Marine with an Italian styled interior designed by Andreas Holnburger. October also saw the sale of a 55-metre Oceanco, and five sailing yachts including an Oyster, Nautor Swan, Wally and a catamaran designed by Jean-Jacques Coste. The combined asking prices for these yachts was in excess of US$200,000,000.
A handful of yachts joined the brokerage market in October. These include the 50-metre Westport Xilonen V listed with Camper & Nicholsons. Two other Westports also joined the brokerage market including a 2007 40-metre and a 29.6-metre built in 1990. Two ISA's of 36.5-metres also joined the market, and several Sunseekers, including a 39-metre built in 2010.
With just under 300 sailing yachts for sale there are vessels to suit all sailing requirements. The inventory includes over ten yachts from each major shipyard including Alloy Yachts, Nautor's Swan, Jongert, and Perini Navi. Over 10% of these yachts have been delivered since 2010. Interestingly, one fifth of the sailing yacht market is made up of yachts that have been built in the last five years. The current total asking prices of sailing yachts exceeds US$2 billion.