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Market intelligence

17th Apr 2014

Spring has arrived and with it a hive of activity in the superyacht sales market. Buyers who have been looking for their perfect yacht for the summer season have sprung into action and sellers wishing to avoid ownership during the Autumn and Winter months are accepting realistic offers. Camper & Nicholsons bring you the latest market intelligence on the superyacht industry, including statistics on the yachts that have just been sold, as well as yachts that have joined the sales market in recent weeks.

During the month of March 39 yachts were sold; this represents a 12.8% increase on February when 34 yachts were sold. Of the 39 yachts sold during March, 35 were motor yachts, the largest of which was a 60m (197') Trinity Yacht build. There was also a 50m (164') Trinity Yacht and a 51.4m (169') Oceanco amongst those sold. Four of the sold fleet were sailing yachts, ranging in size from 28m-43m (92'-141').

The average asking prices of the yachts sold since the beginning of the year remains at a similar constant. In the 24-30m (79’-98’) motor yacht sector, the average asking price is currently at US$2.23 million, while in Euros it is €2.3 million. Mid-size yachts of 30-40m (98’-131’) currently have an everage asking price of US$6.2 million compared with the Euro asking price of €5.5 million.

In summary, overall the first quarter of 2014 has been very positive for both sailing and motor yachts sales with a ratio of 1/10 sailing and motor. Breaking it down further we can see that 54 motor yachts have been sold in the 24-30m (79’-98’) size range, 33 yachts have been sold in the 30-40m (98’-131’) size segment, 13 yachts have been sold in the 40-50m (131’-164’) size segment, and six yachts have been sold in the over 50m (164’) size segment.

Looking at the value of the yachts sold, Camper & Nicholsons International represented the highest value and at the same time we welcomed the most new central agency listings during the first quarter of 2014. Camper & Nicholsons represented 21% of the yachts signed by the top 12 brokerage houses. We also recorded the highest value of sales amongst the top 12, with 29% of the value of the yachts sold.

Looking back at the market over the past six months, Camper & Nicholsons International signed more yachts than any other leading brokerage with an impressive 31 new additions resulting in a total combined asking price in excess of US$374 million.

19.1% of the top 12 brokerage companies business was generated by Camper & Nicholsons International, while the rest was generated between the other 11 brokerages. It just goes to show the benefits of being part of a reputable, long-standing brokerage, given that the top 12 brought 50% of the market share value of worldwide sales and where Camper & Nicholsons represented 15.04% of the value of the business.

These figures reflect a significant increase in sales for the first quarter of the year when compared to previous years. During the first quarter of 2014 we have seen an increase of  25% over 2013; 37% over 2012; 28% over 2011; 36% over 2010; 56% over 2009; and 38% more yachts than in 2008. With a recorded 22 yachts currently under offer so far in April, it appears that the month is continuing in the same positive vein.

Analysing the new yachts added to the market, the largest include a 52m (171’) Palmer Johnson, a 50m (164’) new build from a Turkish yard with a delivery date of 2015 and a 43m (141’) Vitters Holland sailing yacht, which is offered for sale for the first time. 

For more information on the latest market intelligence, please contact Camper & Nicholsons International.

by Camper Nicholsons

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It just goes to show the benefits of being part of a reputable, long-standing brokerage, given that the top 12 brokerages brought 50% of the market share value of worldwide sales, where Camper & Nicholsons represented 15.04% of the value of the business.