Camper & Nicholsons's monthly activity report on the yachting market keeps you abreast of brokerage figures and recent trends from within the industry. Discover what's been happening this October.
During October 40 yachts have sold, which is well over double the number sold during September. Out of these 40 sales, seven were sailing yachts (the largest being the 42m (138') Jongert Passe Partout). Two of the motor yachts sold during October were over 50 metres, 15% were between 50-40 metres, and both size brackets 24-30 metres and 30-40 metres had 40% of the sales each.
The age of the fleet sold during October very much reflected the same as the previous quarter, which was 5% new - 3 years, 10% new - 5 years, 30% between 5 - 10 years, and 55% of yachts sold are older than 10 years old.
New yachts to the market (or yachts that have left one brokerage to go for sale with another brokerage house) exceeded 120 yachts during October. This unusually high number is a result of the Fort Lauderdale International Boat Show, whereby owners put their yachts onto the market during the show to test the market. 45% of the yachts placed for sale were in the 24-30m size bracket, 34% in the 30-40m size bracket, 15% between 40-50m and lastly 6% were over 50m. A couple of the larger yachts to the market during October that have never been for sale before since their owners brought them from new include a 58m (190'2) Feadship and a 51m (167'3) Codecasa.
October's high figures brings the total number of yachts sales during 2014 up to 413, with just under 10% of those being sailing yachts.
For more information about the market or industry statistics, please contact your Camper & Nicholsons's broker.