The superyacht market in November showed a little fewer sales than in the previous month, in spite of numerous price reductions noted in our previous market report. This is clear evidence of a depleted inventory of high quality yachts on the market.
Sales in November were slightly below the levels seen in October (42 vs 50+) with the majority of transactions taking place in the 30-40m segment. However, a number of high profile large yachts found new owners during the last month of the fall.
The flagship deal was the sale of 92.4m Nobiskrug Tatoosh, asking EUR 90,000,000, having spent almost two years on the market. Without exaggeration, this yacht may be called a milestone in superyachting. At the time of her launch 14 years ago only 11 other private yachts exceeded her length. She was one of the first yachts built with an explorer mindset, able to cover 6,800nm on a single tank, and carrying a 13m sailboat as one of her tenders. A working fireplace and a galley in the owner’s suite are just a few features that made her extraordinary at the time of launch.
With this sale the market saw a doubling of 80m+ transactions with six 80m+ deals this year vs three in 2021. Right now, 13 motor superyachts are listed in the 80m+ brokerage segment, topped by the recently added 115m Pelorus.
Another significant sale was 57.5m Twizzle, asking EUR 39,900,000 and being on the market for 144 days. Built by the award-winning Royal Huisman shipyard and equipped with one of the most advanced sailing rig systems ever created, Twizzle offers impressive performance. She carries 1,780sqm of sails and both main and mizzen sails can be hoisted simultaneously in under two minutes.
Rounding out the top three, the Oceanco 59m Helios, asking EUR 37,000,000, also found a new owner after 4 months on the market.
Pick of the market
New listings under 40m:
November’s new listings almost equaled the number of sold yachts (44). This number is far behind the number seen in October (78). The majority of new listings are 30-40m yachts built 10+ years ago.
The most expensive new listings of November are the Lurssen Pelorus, 115m, 2003, (price on application), Unbridled (Trinity), 58.2m, 2009, asking USD 24,950,000, and Atlas(Codecasa) asking EUR 20,800,000.
The number of price reductions and their amounts were also lower this month, with 4,200,000 USD off the asking price of Illusion Plus being the biggest move. The yacht now asks EUR 79,900,000. The 91m Dubawi reduced its price by USD 4,000,000 and is now offered for USD 28,000,000. Another major shift was for 55m Kamalaya, which went from EUR 34,500,000 to EUR 31,500,000.
Pick of the market
New listings 40m+:
Summing up, the inventory of appealing yachts on the market continues to decrease. We expect this trend to put pressure on sales volumes for the rest of the year, even though many owners will be trying to secure deals before winter holidays and we may see further price reductions for some long-selling yachts. Based on the sales figures so far and the existing inventory it’s unlikely that the fourth quarter sales will reach last year’s level. However, we wouldn’t consider this to be the end of the superyacht sales boom (particularly in the 60m+ range) – the demand is strong enough and as soon as the inventory refills with new deliveries market activity will pick up.
Sponsored by YT Partners
E. ask@yt.partners
T. +44 7442 526545
A fully customized Evo R4 WA in original silk gray livery will be showcased at the upcoming Palm Beach Boat Show, with the Blu Emme Yachts brand participating in the event thanks to the recent partnership with Best Marine USA, established in 1991. The agreement with this major US dealer and the brand’s attendance of the boat show confirm the Mercuri brothers’ intention to raise their shipyard’s profile on the US market after its recent success in the Middle East.Evo R4 WA is the 13-meter high-performance day cruiser featuring a refined exterior and interior layout. The brand’s hallmark “Xtension” bulwarks make it possible for the owner to increase usable deck space by 40%, turning the cockpit into a 25 sqm water’s edge terrace. The yacht’s two Volvo Penta engines are available with different power ratings depending on the owner’s needs.The Evo Yachts shipyard is based near Naples. She was born in 2014 from a fortunate encounter between Blu Emme Yachts and the Neapolitan yacht designer Valerio Rivellini. The heart and entrepreneurship that kick-started EVO originated from Blu Emme Yachts, a luxury yachts refitting company. Blu Emme was created in 2013 by the Mercuri brothers, a family whose entrepreneurial experience spans different industries.Credits: Evo Yachts
March 20, 2023
A full-custom 72-meter megayacht was successfully launched and christened in a private ceremony on 13th March at the Ferretti Group Superyacht Yard in Ancona. The shipyard has shared the first images from the event.This fully custom steel and aluminum yacht has been designed and built by CRN, with exterior lines created by design and architecture studio Vallicelli Design and interiors handled by Nuvolari Lenard. She can be described as a yacht with a striking sense of style. The functionality here is combined with sophistication. The large full-height windows is one of her outstanding features. M/Y 139 spreads across six decks and can accommodate up to 12 guests and 19 crew.CRN is very busy at the moment with three full-custom yachts under construction at the moment at the Ferretti Group Superyacht Yard. The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
March 20, 2023
The 67.40-meter Project 823 has been moved outside of the construction hall at the Kaag yard for final outfitting in advance of her sea trials later this year. The yacht has been fully designed in-house by Feadship. The hull engineering is by Azure Naval Architects, while the exterior and interior design are by Studio De Voogt.The exterior profile is bold with a muscular reverse sheer to the bow. Chiseled contours and dark horizontal strip windows lend the yacht a poise and grace.“The main theme of the yacht is strength,” says Jan Schaffers, senior designer at Studio De Voogt. “The radii throughout are larger than usual to emphasize this. At the same time we aimed to focus on the length of the yacht by creating uninterrupted lines, for instance in the widebody windows and the superstructure. Together this creates a very unique character.”Project 823 built for an experienced owner, that’s why the interior layout was tailored to his family’s specific needs. Her interiors are simple yet sophisticated and based on natural tones, light wood veneers and organic forms. She can accommodate 10 guests in three lower deck cabins, one VIP suite on the bridge deck, and a master stateroom on the main deck forward.The large sundeck is one of the highlights of the design. The central lounging / conversation zone is protected from the wind by a glass windbreak and from the sun by the hardtop, but wide side windows and nine skylights in the roof ensure uninterrupted views and en plein air appeal. The ventilation casings can be regarded as powerful legs, clad with grilles that repeat the horizontal lines to create a more elegant volume, but without losing its power. In order to free up space for a large wellness area and gym on the lower deck in the stern, the tenders are stowed behind the high bulwarks on the foredeck.Careful attention has been paid also to the crew quarters and service areas with additional fridge-freezer storage, a large laundry room and extra dry storage on the tank deck.Project 823 will be able to reach 15 knots and cruise at 12 knots with the range of 5,000 nautical miles. Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
March 20, 2023
Azimut will attend the ninth Palm Beach Boat Show, held in Florida from March 23 to 26. The Italian shipyard will bring the Grande Trideck, which is continuing its tour of the United States, to the S6 with the Fly family (60, 72 and 78), plus the Verve 42 and Verve 47 and finally the Grande 27M and Grande 32M, the brand promises American owners a model that’s the perfect fit for any cruising experience they desire.Grande TrideckGrande Trideck with its “three decks + One” design and revolutionary approach to delivering a cruising experience totally immersed in the seascape, is one of Azimut's best-loved models in the US. Grande Trideck is also the Avigliana-based yard’s response to the increasingly urgent issues of sustainability and environmental impact, forming part of Azimut’s family of Low Emission Yachts. Grande TrideckThis is a project to which the yard is devoting significant resources in order to offer owners models that guarantee reductions in consumption levels and emissions of between 20% and 30% compared to boats of the same weight and size with a traditional hard-chine hull and shaft line propulsion. The Grande 32M, Fly 78 and S6 are also part of this important family.Verve 42The Fly 78 will be the largest Flybridge family model on show in Florida. The Fly 78 maxi-yacht will be accompanied by the Fly 60 and 72, two models hugely appreciated not only for their super-sleek hull designs that ensure a smooth ride over the waves, but also for their unique styling and layouts.Azimut’s fleet at Palm Beach is completed by Verve 42 and Verve 47, open yachts developed specifically to bring a thrill to the US market. Azimut Yachts is an Azimut Benetti Group brand. With its Atlantis, Magellano Flybridge, S, Verve and Grande collections, Azimut offers the widest range of 10 to 40 meters.Credits: Azimut Yachts
March 17, 2023
Ferretti Yachts 1000 Skydeck is the new version of the brand’s successful flagship Ferretti 1000. The Skydeck edition features an upper deck redesigned to create an enclosed, sheltered space that can be enjoyed year-round and conveys the breathtaking feeling of being able to touch the sky.The yacht is the result of collaboration between the Strategic Product Committee led by Piero Ferrari, the Ferretti Group Engineering Department. Her sporty exterior styling was made by architect Filippo Salvetti and clean lines and sophisticated interior was penned by Ideaeitalia.Ferretti Yachts 1000 Skydeck’s stand-out feature is the fully glazed upper deck connected to the aft terrace by a full-height sliding glass door. The result is a second lounge for the owner and guests to enjoy in any weather and whatever the time of year or day. Perfectly coordinated with the interiors, the decor features the same types of wood in a play of contrasts between warm hues and paler, more delicate shades.The new Skydeck is a light-filled, sheltered and multifunctional space that can be enjoyed in unrivalled comfort, whatever the time of year or day. It can be fitted with air conditioning and the shutter slats in the hard top can be opened for natural ventilation. A stairway from the bridge provides indoor access to the deck, which can also be reached from outdoors using the stairway connecting it to the cockpit, while a side door leads to the bow area.The outdoor terrace is another inviting space designed for conviviality with a fiberglass bar unit and stools, while the stern area can be fitted out with free standing furniture chosen to reflect the owner’s tastes.The Skydeck version is versatile and suited to all markets, with interior design solutions that adapt to meet different needs.The first unit of the new model is planned for launch in June 2023, while the yacht’s official debut will be at the Fort Lauderdale International Boat Show 2023.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
March 17, 2023