‘Buyers' market is still there’, claims Oscar Romano of Fraser Yachts
Following his sale of 50m M/Y ‘Tribu’ this week, broker at Fraser Yachts, Oscar Romano speaks with SuperyachtNews.com for his views on the state of the market.…
Following a relatively short time on the market (15 months), Tribu was sold this week through Oscar Romano of Fraser Yachts. As he shared with us, “she is a very particular yacht, but realistically priced and of a good Italian pedigree”. After visiting her a few months ago, Romano says her new owner “was convinced this was the yacht for him and didn’t see anything comparable in terms of volume and pricing”.
With the autumn show season on the Med’s doorstep in a few weeks, Romano believes “the current market is still low compared to pre-crisis numbers, but I believe displacement pedigreed yachts over 30m are recovering well.”Those looking to sell, “will find buyers coming to the shows, but to sell a yacht, she needs to be visible and realistically priced - now as never before!”
The week running 5 - 18 August saw five sales completed, 11 new central agencies announced, seven price reductions made, one price increase and three yachts withdrawn from the market.
Superyacht Sales
The largest sale this week was completed through Alex Lees-Buckley of Camper & Nicholsons International with 2009 Feadship built 65m Pestifer and done in house at an undisclosed price.
As mentioned above, Oscar Romano of Fraser Yachts has sold 2007 Mondo Marine built 50.5m Tribu, priced at €11,900,000.
Vesa Kaukonen of K & K Superyachts has sold 2009 Mondo Marine's50.8m Auspicious, priced at €18,900,000 with Edmiston and Fraser Yachts introducing the buyer in the transaction.
Bill Titus of Northrop & Johnson has sold 1997 Jongert built 31.08m Cara Maria, priced at $3,950,000.
The final sale this week is through Wellington Yacht Partners - 2002 Alloy Yachts built 31.18m Chimera, on the market at $4,900,000 with Northrop & Johnson bringing the buyer.
New Central Agencies
There were 11 new CAs announced this week, nearly quadrupling from last week’s three. The new listings had a total combined length of 500.53m, with their combined asking prices totalling €188,847,462 ($216,484,822), although one price has been withheld.
The largest new CA announced this week was through David Seal of Camper & Nicholsons International with 1931 Bath Iron built 74.3m Williamsburg, currently undergoing a full refit and on the market at €55,500,000.
Two more new listings from Camper & Nicholsons International: James Rayner has listed 2002 Proteksan Turquoise built 54m Tales for sale at an undisclosed price; and 2010 Christensen built Remember When, on the market for $29,995,000.
Ken Burden and Sinan Suleiman of Fraser Yachts have placed 2006 Asenav built 45.4m Atmosphere on the market for €9,950,000.
Merle Wood & Associates have two new listings this week: joining them is Worth Avenue Yachts with 2010 Codecasa built 65m Lady Lau, on the market at €44,900,000; and Burgess joins Merle A. Wood in the listing of 2009 Burger built 46m Sycara IV, priced at $37,000,000.
Bart Kimman of Northrop & Johnson has listed 2009 Culham Engineering built 29.8m sailing yacht, Asia, on the market for $4,300,000.
Two new listings from Ocean Independence this week: Peter Hurzeler has listed 2003 Leight Notika built 36.2m Phoenix for sale at €3,900,000; and Eric Trupheme has priced 2012 Esen Yacht built 36m Glorious for sale at €5,995,000.
The final new listings this week are two Sunseeker builds listed through their brokerage department: 2009 30m Simple Pleasure is for sale at $4,500,000; and the 2013 34.5m Zozo is priced at £7,500,000.
Price Reductions
Price reductions rose slightly from last week’s six to seven announced this week. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was through Alex Krykanyuk and Dennis Frederiksen of Fraser Yachts with 2005 Sensation Yachts built 52.85m Noble House, now priced at $14,000,000.
Two further reductions from Fraser Yachts this week: Jan Jaap Minnema has lowered 2001 Heesen built Serenity J to €6,500,000; while Michael Selter has reduced 1998 Sovereign built 35.05m Golden Boy II to $2,995,000.
Vesa Kaukonen of K & K Superyachts has reduced 2006 Leopard built 34m Touchstone to €2,950,000.
Mikhail Zhitnikov of MZ Yachts has reduced 1999 Versilcraft built 32.7m Gamayun to €1,000,000.
West Sanford of Northrop & Johnson has announced the new price of 2007 MCP Yachts built 29.87m Eagle’s Nest, at $4,500,000.
Eric Trupheme and Jeremy Bottau of Ocean Independence have reduced 1991 WGB Werft Berlin built 33.53m Alter Ego, to €2,800,000.
Other News
Following a currency change through Merle Wood & Associates and Burgess, 2011 Benetti built 45m Told U So has increased slightly to €14,850,000.
The following yachts have been withdrawn from the market at this time: SuperYachtsMonaco has removed 2006 Mondo Marine built 45m Princess Iolanthe; while Worth Avenue Yachts have withdrawn 1982 Picchiotti built 46m Golden Compass, and 2008 Westport built 39.6m JW.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
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With the autumn show season on the Med’s doorstep in a few weeks, Romano believes “the current market is still low compared to pre-crisis numbers, but I believe displacement pedigreed yachts over 30m are recovering well.”Those looking to sell, “will find buyers coming to the shows, but to sell a yacht, she needs to be visible and realistically priced - now as never before!”
The week running 5 - 18 August saw five sales completed, 11 new central agencies announced, seven price reductions made, one price increase and three yachts withdrawn from the market.
Superyacht Sales
The largest sale this week was completed through Alex Lees-Buckley of Camper & Nicholsons International with 2009 Feadship built 65m Pestifer and done in house at an undisclosed price.
As mentioned above, Oscar Romano of Fraser Yachts has sold 2007 Mondo Marine built 50.5m Tribu, priced at €11,900,000.
Tribu was sold this week
Vesa Kaukonen of K & K Superyachts has sold 2009 Mondo Marine's50.8m Auspicious, priced at €18,900,000 with Edmiston and Fraser Yachts introducing the buyer in the transaction.
Bill Titus of Northrop & Johnson has sold 1997 Jongert built 31.08m Cara Maria, priced at $3,950,000.
The final sale this week is through Wellington Yacht Partners - 2002 Alloy Yachts built 31.18m Chimera, on the market at $4,900,000 with Northrop & Johnson bringing the buyer.
New Central Agencies
There were 11 new CAs announced this week, nearly quadrupling from last week’s three. The new listings had a total combined length of 500.53m, with their combined asking prices totalling €188,847,462 ($216,484,822), although one price has been withheld.
The largest new CA announced this week was through David Seal of Camper & Nicholsons International with 1931 Bath Iron built 74.3m Williamsburg, currently undergoing a full refit and on the market at €55,500,000.
Williamsburg currently undergoing refit
Two more new listings from Camper & Nicholsons International: James Rayner has listed 2002 Proteksan Turquoise built 54m Tales for sale at an undisclosed price; and 2010 Christensen built Remember When, on the market for $29,995,000.
Ken Burden and Sinan Suleiman of Fraser Yachts have placed 2006 Asenav built 45.4m Atmosphere on the market for €9,950,000.
Merle Wood & Associates have two new listings this week: joining them is Worth Avenue Yachts with 2010 Codecasa built 65m Lady Lau, on the market at €44,900,000; and Burgess joins Merle A. Wood in the listing of 2009 Burger built 46m Sycara IV, priced at $37,000,000.
Bart Kimman of Northrop & Johnson has listed 2009 Culham Engineering built 29.8m sailing yacht, Asia, on the market for $4,300,000.
Two new listings from Ocean Independence this week: Peter Hurzeler has listed 2003 Leight Notika built 36.2m Phoenix for sale at €3,900,000; and Eric Trupheme has priced 2012 Esen Yacht built 36m Glorious for sale at €5,995,000.
The final new listings this week are two Sunseeker builds listed through their brokerage department: 2009 30m Simple Pleasure is for sale at $4,500,000; and the 2013 34.5m Zozo is priced at £7,500,000.
Price Reductions
Price reductions rose slightly from last week’s six to seven announced this week. The following yachts are still on the market and looking for a buyer:
The largest yacht to be reduced this week was through Alex Krykanyuk and Dennis Frederiksen of Fraser Yachts with 2005 Sensation Yachts built 52.85m Noble House, now priced at $14,000,000.
Two further reductions from Fraser Yachts this week: Jan Jaap Minnema has lowered 2001 Heesen built Serenity J to €6,500,000; while Michael Selter has reduced 1998 Sovereign built 35.05m Golden Boy II to $2,995,000.
Vesa Kaukonen of K & K Superyachts has reduced 2006 Leopard built 34m Touchstone to €2,950,000.
Touchstone
Mikhail Zhitnikov of MZ Yachts has reduced 1999 Versilcraft built 32.7m Gamayun to €1,000,000.
West Sanford of Northrop & Johnson has announced the new price of 2007 MCP Yachts built 29.87m Eagle’s Nest, at $4,500,000.
Eric Trupheme and Jeremy Bottau of Ocean Independence have reduced 1991 WGB Werft Berlin built 33.53m Alter Ego, to €2,800,000.
Other News
Following a currency change through Merle Wood & Associates and Burgess, 2011 Benetti built 45m Told U So has increased slightly to €14,850,000.
The following yachts have been withdrawn from the market at this time: SuperYachtsMonaco has removed 2006 Mondo Marine built 45m Princess Iolanthe; while Worth Avenue Yachts have withdrawn 1982 Picchiotti built 46m Golden Compass, and 2008 Westport built 39.6m JW.
Please send all brokerage news to newsdesk@thesuperyachtgroup.com
To receive breaking news notifications, download our free app.
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