Thursday, 6 October 2011

Superyacht Sales Up But Prices Down


Bar Tender (ex Nomade) was Just one of the Superyachts Sold by Fraser Yachts
Superyacht sales may be up in this current year but it seems that prices are  down.  According to experts the average value of yachts sold is lower than 2010

The market in 2011 for brokerage yachts over 24 meters is 30% up in terms of number of sales compared with last year but down in terms of value.

This means the average value of yachts sold in 2011 is lower than in 2010. Last year there were 22 yachts sold over 50 meters while this year only 14 yachts over 50 meters have changed hands.

There are a significant number of clients looking for large yachts at the moment so the brokers are hoping that by year end 2011 might be equal to those of last year.

Hein Velema CEO at Fraser Yachts says, “The summer season is now drawing to a close, the Monaco Yacht Show is behind us and we are looking forward to the Fort Lauderdale Boat Show. It has been a more successful year for the brokerage market and we are hoping this trend will continue with increased activity generated by the autumn boat shows. The charter market has also improved on last year, including the US which has seen a dramatic increase in bookings. Shipyards are also continuing to see a slow recovery, particularly for the stronger brands that produce series yachts. Crew placement is also continuing to improve and the main issues facing Yacht Management at the moment revolve around the VAT debate; action undoubtedly needs to be taken by the industry to protect the charter market for the future.”

The world of superyachts moves fast and buyers need to have their fingers on the pulse in order to spot the opportunities before they pass them by. 

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