Cecil Wright News 5

INSPIRATION Canadian Mountain Holidays (CMH) is the largest heli-skiing and heli-hiking company in the world.

TRIP OF A LIFETIME Indonesia is a tropical yachting paradise where thousands of Jurassic peaks rise out of the blue like a string of emeralds cast by the hand of nature.

Issue 5

www.cecilwright.com

CONTENTS

12 inspiration CMH Heli Skiing

18 DRIVING FORCE Nicholas Mee & Co

20 The Monaco Yacht Show is now cemented as the most important yacht sales event on the nautical calendar. The relative weakness of the euro makes this market very attractive to buyers in other denominations – particularly the US Dollar and Swiss Franc. As such, this is a perfect time to come to Europe, order a new boat and use a yacht to hedge that euro market.

I often meet new clients in our office in St James’s Street – surely one of Europe’s finest avenues. If you do intend to visit us there, you will find in this issue some of the distinguished and historic retailers and restaurants that we are fortunate enough to call our neighbours.

Speaking of historic, the Classic Feadship Heritage Fleet has been an enormous success since the club launched in 2013. One of its founders, Victor Muller, tells us of the restoration work that has breathed new life into Feadship’s older beauties. Meanwhile, Aston Martin enthusiasts may be interested by our interview with Nicholas Mee in this issue – his eponymous company is London’s official Aston Martin Heritage specialist. Their passion for one particular premium car brand inspired me to focus on Feadship in the yachting industry.

At the Monaco Yacht Show this year, you will find us onboard AMADEUS, the brand new SAN LORENZO 118 and SIREN – all of which are exclusively for sale through Cecil Wright. This will also be an opportunity for us to introduce you to Matthew Ruane, our new sales broker. Matthew and I have built up a trusting relationship over the last 25 years: he previously worked for a financial services group focusing on yacht registration services that I often used in the completion of my deals.

trip of a lifetime Indonesia

2 – 5 Charter News Planning your perfect charter 8 – 9 Broker News An overview of the current time 10 – 11 Feadship heritage fleet Celebrate classic Feadship yachts 12 – 13 Common Ground Inspiration from CMH Heli Skiing 16 – 17 Headquarters with Heritage St James's Street 18 – 19 DRIVING FORCE Nicholas Mee & Co 20 – 21 Trip of a Lifetime Indonesia 24 Market Update Overview of the market 25 Meet the Team Get to know Alastair Shove

Enjoy this issue – and looking forward to seeing you at the MYS, PRODUCTION Publisher: Cecil Wright & Partners Ltd Editor: Stephanie Drax Design & Production: strattons.com Email: chris@cecilwright.com Front Cover: CMH Heli Skiing Full feature on page 12-13

OFF THE CHARTS It might surprise keen charter clients just how many yachts are not available on the open market these days. It is, however, completely understandable that owners of the world’s most exclusive superyachts might demand absolute discretion. It’s our privilege to abide by that and not market these yachts in the same way as we do others. But, by building a relationship with us at Cecil Wright, we can arrange for your next charter to be onboard one of these much admired boats – do ask us if you have an interest.

There are very few yachts over 80m available for charter, but it’s not just their size that makes them special (although one of them is, at 12,500 GT, 50% larger by volume that the next biggest yacht readily available for charter on the market). They can often comfortably sleep more than the usual 12 guests and the entertaining spaces can be vast, but their added cachet is that they achieve the highest level of bespoke innovation.

With extraordinary swimming pools, water toys and substantial beach clubs (with bar, sauna, hammam, beauty salon etc), this is a whole new level of luxury yachting.

For more information contact the Charter Team on charter@cecilwright.com or call +44 20 7408 1001 +377 97 98 76 60

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Central Agency for: ENCHANTRESS LA MASCARADE SOHO

SMOOTH OPERATING Some parts of the world are definitely more logistically and physically challenging for crews than others – what is readily available and accessible in the Mediterranean might not be so in the Far East. The crew of TITANIA have spent several winters in Asia, one of the more remote regions for yachting. Big tidal ranges and strong currents often need to be navigated, and some creature comforts can be harder to get hold of. TITANIA’s crew of 20 – a combination of Kiwis, Aussies and British – are extremely organised and intuitive; every detail is premeditated, every eventuality anticipated.

As with any Cecil Wright charter yacht experience, you would be happily oblivious to the effort going on behind the scenes of this well-oiled machine. In November, TITANIA can be chartered at the Abu Dhabi Grand Prix, followed by a sojourn in the blissful Maldives. By December, she will be in Thailand. We’re hard pushed to think of a better place to see in the New Year than from the deck of her stunning beach club/nightclub – perhaps at anchor in the azure waters of magical Koh Yao Noi, one of Thailand’s most exclusive beauty spots.

Length Beam Builder Year Winter Rate

73.00m / 239ft 13.12m / 43ft Lürssen 2006 / 2012 From $420,000 per week

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BREAKING The ICE

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It’s exciting to consider how few have experienced the enormity of Antarctica’s beauty, particularly when the last wilderness on Earth can now be explored onboard a brand new concept: the 77.40m LEGEND, the first true superyacht with ice-breaking capability.

This winter, LEGEND offers a totally bespoke adventure for 26 guests. With deck to mountain heli-skiing, expeditions with 10 onboard guides and even a submarine, the experience can be as energetic as you want it to be. With fine dining, a cinema room, a Balinese spa with sauna, a massage room and beauty salon, it can be as laid back as you like, too.

When to go: November – witness the dramatic break up of pack ice, the courtship of seabirds, the comedic antics of the penguins and the landscape at its most pristine.

February & March – the best time to see whales, seals and spectacular sunsets.

With pack ice at a minimum, journey deeper into the Polar Circle.

December & January – see newborn seal pups and fluff-ball penguin hatchlings.

With the sun lingering in the sky 20 hours a day, it’s surprisingly warm.

In May 2016 LEGEND heads to Greenland – the perfect opportunity to try heli-skiing beneath the Arctic Circle with the ocean and icebergs as your backdrop.

Length Beam Builder Year Charter Rate

77.40m / 253ft 13.63m / 44ft Icon Yachts 2015 ¤455,000 per week

For more information, do contact us: charter@cecilwright.com

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SIREN Siren seduces with streamlined contours, ample space and versatile decks. Built by Nobiskrug, Germany in 2008, she won ‘Yacht of the Year’ at the World Superyacht Awards the following year.

Type Length Beam Draft Gross Tonnage Builder Engines Exterior Designer Interior Designer Year Built Max Speed Cruising Speed Guests Cabins Crew Flag Classification Hull Hull Colour Sales Price

Motor 73.5m / 241ft 12m / 41ft 3.65m 1585 Nobiskrug GmbH MTU Newcruise Newcruise 2008 17 knots 14.5 knots 12 6/7 17 Cayman Islands Lloyds Register Steel Grey ¤59,950,000

Also available to charter Can be viewed at the Monaco Yacht Show 23 – 26 September 2015

THE MARKET Despite a couple of hiccups we have continued to see encouraging growth in the last six months: there have been 221 sales since 1st March 2015. As previously mentioned, the flight to quality continues with some substantial sales being made extremely quickly. Two of these were AURORA – 60.97m, 2004 (refit 2010), Lurssen asking EUR 49,750,000 which was on the market for only 103 days, and STEP ONE – 55m, 2012, Amels asking EUR 37,000,000 which was on the market for only 91 days.

The above two sales are prime examples of an emerging tendency to list more realistic asking prices that are closer to what the yachts actually sell for. There are several reasons for this: •

•

•

Confidence in the market due to an increased deal frequency – the market liquidity coupled with the potential buyers / owners and their brokers being far better informed of the market conditions.

Conducting concrete market analysis that in turn is being implemented to make reasoned offers and counter offers (negating the somewhat unrealistic asking prices we have had in the past).

And gone are the days when one could price a yacht in the hope that an ill-informed buyer would come along and pay the inflated asking price.

Unfortunately, an inflated pricing practice still continues in certain areas of our industry, though all it does is give the impression that the seller is not realistic. Should you require the analysis of a yacht’s true value or if you wish to discuss marketing strategy in more detail, please do not hesitate to get in touch.

For more information contact Henry Smith on henry@cecilwright.com or call +33 6 40 62 01 51 Central Agency for: AMADEUS SANLORENZO SL118 SILVER DREAM SIREN

As was anticipated, a void has appeared in the market for yachts that are 3 years old or less – this has been created by the slowing down (and, in some cases, complete halt) of yacht building in the years of uncertainty following the global recession.

From a buyer’s perspective, history has repeated itself and as we have moved out of recession new high net worth individuals have emerged.

Having taken advantage of the global market’s resurgence back to health, a new breed of yacht enthusiast is joining the ranks of the scores of brilliant tech entrepreneurs who have also emerged over the past decade. These individuals have chartered yachts over the past few years and, having found a taste for it, are beginning the conversion to yacht ownership.

GALLANT LADY

AURORA

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As is typical of the modern world in which we find ourselves, demand has escalated and there is very much a ‘now now now’ culture. The brokerage market cannot accommodate this demand and – since it has now certainly outstripped supply when it comes to the ‘branded,’ sub 3-year market segment – we need to look to the shipyards for solutions…

Buying ‘in build’ yachts Historically this has been a very interesting space for the industry – pre-recession, an individual could hope to commence the construction of a yacht with a view to selling it at a substantial premium leading up to the launch date, thus treating the process as an active form of investment. Whilst we are not quite there yet, we are gradually returning to this point.

Some yards cater for this market by building yachts to spec with a view to offering them as an accelerated method by which an individual can own a brand new yacht. Whilst this is a good idea, it can lead to launch delays and additional costs being incurred due to change orders.

Another way that yachts have come up for sale in build recently is for the owners to either decide that they no longer have a requirement for a yacht, or (more likely) that their financial situation changes and owning a yacht is no longer viable. Both these outcomes can represent fantastic deals if handled correctly.

In the past year there have been 15 in build sales, including the 66.25m Feadship Project #809. Her asking price of EUR 80,000,000 was bold but was met by a discerning US client who, making very good use of the strong US Dollar, knew an excellent opportunity when he saw it. Still on course to be delivered in December, this will be one of the top launches of 2015.

Here is a small selection of yachts available for sale in build: Icon 250 – 78.80m Icon yachts – asking EUR 99,000,000 – Delivery Summer 2017 SKYFALL – 70.00m Sunrise Yachts – asking POA – Delivery 24 months from contract FB276 – 63.00m Benetti – asking EUR 52,000,000 – Delivery March 2018 ALIDA – 55.00m Heesen asking EUR 37,000,000 – Delivery March 2017 The Feadship Market The post 2000 Feadship market was almost completely barren until two months ago when two superb Feadships appeared for sale. The renamed, 55.50m, MADSUMMER (ex ISSANA, ex TWIZZLE, ex DRIZZLE) has come back onto the market just over a year after Cecil Wright & Partners sold her. An internal refit has refreshed her and brought her up to date in a more contemporary style – she is a magnificent turnkey opportunity.

A surprise addition to the Feadship sales market is the 46.40m, KISS. The sister ship of the highly acclaimed award winning 2014 COMO, KISS was launched in February this year and I doubt will be on the market for long! Unlike her sister ship, KISS has her top deck enclosed with a further sun deck on top. This entire deck houses an owner’s area and, forward on the main deck (where the master is normally situated) we find a very generous VIP suite.

Worthy of note is the 50.28m, DÉJÀ VU. Launched in 2000, she underwent a large refit in 2012 and has recently had her asking price substantially reduced by over EUR 4,500,000 – this is a very clear indication of a keen seller and there is a deal to be done here.

MADSUMMER 55.00m, 2005 (Refit 2012) Asking USD 37,500,000 GALLANT LADY 51.20m, 2007 (Refit 2014) Asking USD 39,000,000 DÉJÀ VU 50.28m, 2000 (Refit 2012) Asking EUR 17,950,000 KISS 46.60m, 2015 Asking EUR 37,500,000

KISS

DÉJÀ VU

MADSUMMER

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“ Like a fine Georgian house, a vintage Feadship has classic proportions.

They were drawn on paper, with

gorgeous sensual lines – the 1960s in particular was a wonderful era of yachts.”

Chris Cecil-Wright

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FEADSHIP HERITAGE FLEET In an era before size and speed were hallowed, the most distinguished yachts were characterized by original craftsmanship – a signature of quality that has been maintained by Feadship, the premier shipyard cooperative venture. In 2013, the Feadship Heritage Fleet was launched – a club that celebrates the classic Feadship yachts that were born in those iconic Dutch yards.

‘When I was asked by Henk de Vries in 2013 to help found the Heritage Fleet, it took me half a second to say yes,’ says Victor Muller, CEO of Spyker cars and owner of 1967 Feadship, THE HIGHLANDER. His revival of the Spyker car brand was an homage to the craftsmanship of the golden age of car manufacturing, and here was another legacy, prime to be preserved. ‘It’s a classic car club for yachts,’ Victor continues, ‘the toys are floating, but it’s very comparable.’

Though car clubs such as Ferrari Classiche have long since established a forum for devoted clients, there had previously been no classic yacht members’ institution. Feadship had the illustrious history and reputation required to create one.

AGING GRACEFULLY Consistent building standards over the decades since Feadship was formed in 1949 – and previously in their associated shipyards – has ensured the quality of their classic vessels. The Feadship Heritage Fleet unites the owners of those yachts, organizes events for its members and offers yachting services including insurance, financing and audits. Feadship also allows members access to its archives for a detailed record of their yacht’s manufacturing history. This proved invaluable to Victor Muller as a blueprint for THE HIGHLANDER’s second refit. ‘I found out everything about the original layout, the materials used, where the electrical wires were and even photographs of the construction,’ he explains, ‘By going straight to the source for an audit and a survey of the best suppliers and contractors, owners can avoid the mistakes that I initially made.’

AS GOOD AS NEW Classic Feadships that have been restored or refitted at Feadship’s training school have produced staggering results. Victor cites Rembert Berg’s 1964 Feadship Riva Caravelle SERENA – ‘one of the most elegant ever designed’ – and SANTA MARIA (built for Henry Ford and now Dutch-owned) as two of the best examples of Feadship’s restoration work. ‘The yachts are better than new, without losing their originality,’ Victor states, ‘and were they classic cars, they would win first prize at the Pebble Beach Concours d’Elegance.’

CLUB RULES The criteria to join the Feadship Heritage Fleet include that the vessel must have been built in one of Feadship’s shipyards and must be more than thirty years old. Though few Feadships were built annually in the years prior to 1985, Victor is delighted by the steady growth in membership, ‘Last week we welcomed our 50th member of the Heritage Fleet, which is very promising.’ One of the membership benefits currently being worked on is a certification process that will greatly increase the value of the vessel. ‘More than the value however,’ explains Victor, ‘a certificate is the mother-ship telling you, the owner, that you’ve done a good job.’

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It was exactly 50 years ago that skiing in Canada’s British Columbia reached new heights. Hans Gmoser introduced helicopters as an efficient transport to the Columbia peaks and helped kickstart a craze. Today, Canadian Mountain Holidays (CMH) is the largest heli-skiing and heli-hiking company in the world.

The Austrian ski enthusiast and expert mountaineer couldn’t have predicted the enduring impact of his madcap idea; CMH – of which Gmoser was the founder – has been quenching a public thirst for adventure for five decades and counting. ‘It’s the ultimate ski experience,’ says Chris Cecil-Wright, who has been heli-sking with CMH for the last nine years, ‘In Canada, we ski the same distance from the top of Everest to sea level in waist deep, champagne powder – each day, all week.’ As Joe Flannery, President of CMH, explains: ‘There’s an ‘umami’ with CMH – you can heliski an infinite number of times, but back at the lodge you’re always going to get that sense of passion and stoke as you got the first time. The size, scope and scale of western Canada just blows people’s minds.’

PEAK PERFORMANCE CMH has access to a staggering 3.1 million acres across the Columbia Mountains. Chris has become particularly attached to the Cariboo range for its magnificent combination of alpine and steep tree skiing in an area three times the size of Les Trois Vallées. Every evening the guides – and CMH is the largest single employer of highly experienced mountain guides worldwide – will give guests a tally of the vertical feet they’ve been lifted that day. ‘We average about 25-30,000 vertical feet per day, or 160,000 in a week – and it’s addictive’ explains Chris, ‘After 6 to 8 weeks of intense skiing you might be lucky enough to join the million feet club. That’s the cue for a crazy initiation ceremony with balloons, loud music and the presentation of a bright blue jacket – one that you might then recognize on the slopes of Courchevel.’

CARVING A NICHE For all the frivolity and antics, CMH prides itself on an unbeaten safety record, meticulous yet friendly service and supremely comfortable lodging.

The company organizes all travel, transfers and the best skis for the terrain.

The 11 timber lodges – each in a different location and some only accessible by helicopter – are kitted out with Jacuzzis, masseuses and private chefs.

Guests can expect gourmet cooking, fine wine and their favourite drink presented to them daily, après ski – ‘and everybody especially loves it when chicken wings are on the menu,’ Chris enthuses. On the last night, the guests are encouraged to raid the dressing up box for flamboyant evening attire – which wraps up a week of spectacular skiing on another high.

www.canadianmountainholidays.com

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“ Gmoser came to Canada for the same reason as our guests do now: to escape and find nirvana. He found it on a scale he couldn’t believe."

Joe Flannery, President of CMH

“ With CMH heli-skiing we never cross anyone else’s tracks all week – it’s fresh, virgin powder every day."

Chris Cecil-Wright

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AMADEUS A yacht of exceptional quality and exquisite beauty AMADEUS epitomises the ultimate superyacht experience.

Type Length Beam Draft Gross Tonnage Builder Engines Exterior Designer Interior Designer Built Max Speed Cruising Speed Guests Cabins Crew Flag Classification Hull Hull Colour

Motor 70m / 229.7ft 11.5m / 37.7ft 4.2m / 13.9ft 1622 Amadeus Yachts Caterpillar Reymond Langton Francois Zuretti 2007 15 knots 13.5 knots 12 6/7 19 Cayman Islands Lloyds Register Steel Flag Blue

Sales Price

¤50,000,000

Can be viewed at the Monaco Yacht Show 23 – 26 September 2015

Headquarters with Heritage St James’s Street in London’s Mayfair is a handsome thoroughfare where the past, the present and the future co-exist. It has been a hub for quality goods and services since the 17th century, and has never lost its lustre. Chris Cecil-Wright believes there are few places better to do yachting business, which is why the Cecil Wright offices are located there.

Bordered by royal parks, palaces and Piccadilly, St James’s Street is a string of retail and epicurean pearls in the heart of London. Here, grand Georgian architecture jostles alongside sleek modern interiors to enchanting effect: ‘It’s charming, human-sized and with a village atmosphere,’ says Chris, ‘it simply epitomizes the London experience for me.’

MOVING WITH THE TIMES Chris visited the street regularly as a child and bought a flat here ten years ago. When he launched Cecil Wright, it made perfect sense to work and entertain from his private base in this familiar locale. With interiors supervised by top yacht designer Andrew Winch and the Cecil Wright Intelligence System giving the team instant access to yacht details in real time, the St James’s Street office has proven to be as comfortable as it is connected.

THE GRAND TOUR When clients visit, Chris takes the opportunity to introduce them to the area, whether it’s a Japanese lunch at Sake No Hana, ‘probably my favourite restaurant in London’, or a trim at the Truefitt & Hill barbershop – ‘where you may have your hair cut next to John Major or members of the royal family.’ All the needs of the discerning individual are catered to on St James’s Street – from handmade shoes and fine wines, to gentlemen’s clubs and private banking. ‘As with the joy of yachting, it’s all about the lifestyle,’ says Chris, ‘and I feel privileged to be in the company of these established and long running businesses.’

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1A, Dunhill Cigars – a tobacco emporium with a sampling lounge, master blender’s room and walk-in humidor

3, Berry Bros & Rudd – established in 1698, this exquisite wine merchant supplied wine on board the Titanic and once sheltered Napoleon III in its cellars

6, Lock & Co Hatters – the oldest hat shop in the world, ‘Lock’s’ was founded in 1676 and holds the royal warrants for the Prince of Wales and the Duke of Edinburgh

9, Lobb – on the site of Lord Byron’s bachelor apartment, this bootmaker has produced handmade shoes for Aristotle Onassis, George Bernard Shaw and Frank Sinatra

19, Fox of St James’s – a premium tobacconists that has been trading on this premises since 1787

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3

4

5

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28, Boodle’s – this private members’ club was founded in 1762 by the Earl of Shelburne and named after its original headwaiter, Edward Boodle 7

29, D.R Harris & Co – Harris’s Apothecary was established at No.11 St James’s Street in 1790 and much of the original furniture is included in the chemists’ subsequent site 8

37, White’s – one of the oldest and most exclusive gentlemen’s clubs, White’s was founded in 1693 and has counted Prince Charles as one of its members 9

60, Brooks’s – a gentlemen’s club built in a Palladian style in 1778, Brooks’s was once renowned for its gaming rooms 10

67A, William Evans – a maker of sporting guns and rifles whose patrons have included royalty, politicians and ranking officers in the Guards Regiments 11

71, Truefitt & Hill – founded in 1805, this is the oldest barbershop in the world and has served the British Monarchs through nine consecutive reigns

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Lobb

Dunhill Cigars

D.R. Harris & Co White's

8 1

7 6 9

Brook's

5

10

Boodle's

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4 3 2

William Evans

Fox of St James's

Berry Bros & Rudd

Cecil Wright & Partners Lock & Co Hatters

Truefitt & Hill

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DRIVING FORCE When Chris Cecil-Wright bought an Aston Martin V8 EFI from Nicholas Mee & Co – London’s Aston Martin Heritage specialist – it fuelled a Cecil Wright company philosophy: be an expert in one single brand for which you have a passion. Similarly to Aston Martin for Nicholas Mee & Co, the focus became Feadship for Cecil Wright. At both companies respectively, channelled proficiency has been a key driver of their success.

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“ Each of our cars has a unique hook – not one of them is run-of-the-mill” Nicholas Mee

‘When I bought my car three years ago, I really enjoyed the service at Nicholas Mee & Co – the personal relationship, their technical expertise, their understanding of the entire market and how ardent they are of the Aston Martin brand,’ says Chris. ‘If you want an Aston Martin, you’d be mad not to talk to them first. That got me thinking: perhaps we could build our business the same way?’

The Cecil Wright team has a broad reference of the whole second-hand yacht market, but the extraordinary growth of the industry – the number of boats, shipyards and individuals involved – is a challenge. ‘I was really impressed by the approach at Nicholas Mee & Co and it became the catalyst to our becoming specialists in Feadship at Cecil Wright.’

A RARE BEAUTY Nicholas Mee worked for Aston Martin for 16 years, founded his own dealership in 1991, and remained a devotee of the cars’ craftsmanship and style. ‘Aston Martin was a small company making a high quality product – just 250 cars a year in the 1980’s,’ Nicholas explains. ‘With

other brands, familiarity breeds contempt among the public. When people see an old Aston, they know its expensive and rare, but they don’t know how expensive. An Aston is more discerning.’

for each of his cars and a woman once asked us to paint the car the same ochre yellow as a teapot lid. The car that Chris bought was one of nine in a collection painted Hunter Green, with barely any miles on the clock.’

In 2009, Nicholas Mee & Co was appointed an Aston Martin Heritage specialist by the brand itself – one of only 13 agents in the world, and the only one in London. ‘We deal in Astons from 1959 to those that are 4 or 5 years old and we supply parts and technical assistance, employing five technicians with an intricate knowledge of old Aston Martins.’

Nicholas Mee’s privileged insight into Aston Martin’s illustrious past sets him and his team apart from the rest. ‘The legacy is that those cars come back on the market, we know them and we can convey those stories to the next custodian,’ Nicholas explains, adding: ‘Our team is polished, professional and passionate about Aston Martin – and our shared knowledge makes us different from any other car dealership.’

CHARISMATIC CLIENTS While the company might supply a battery conditioner for a Vanquish in Bahrain, or spark plugs for a DBS in Poland via their website, it’s the relationships with buyers and sellers that Nicholas has particularly cherished in his long career. ‘Aston Martin is an exclusive collector’s brand with a rarity aspect – it’s long appealed to those who want a Savile Row suit and buy their shoes at Loake,’ he says. ‘At Aston Martin, one chap came in with pages of specifications

www.nicholasmee.co.uk

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Indonesia For more information contact the Charter Team on charter@cecilwright.com or call +44 20 7408 1001 +377 97 98 76 60

CHINA SEA

INDIAN OCEAN

SOUTH PACIFIC

INDONESIA

The world’s largest archipelago is a tropical yachting paradise where thousands of Jurassic peaks rise out of the blue like a string of emeralds cast by the hand of nature. With its pristine reefs, empty stretches of white sand, idyllic stilted bungalows, endless perfectly formed volcanoes and a rich tribal culture, Indonesia is a dream for adventurers, divers and beach lovers alike.

As part of the Pacific Ring of Fire, the country’s many dormant and active volcanoes have shaped the nation, and each has its own mythical tale to tell.

The ragged islands of Komodo National Park are like something out of King Kong. In fact, the movie was inspired by footage from American millionaire W. Douglas Burden's 1932 expedition. Burden had heard tales of pearl divers who braved the deep blue but were terrified by a menacing reptilian presence lurking in the jungle – the Komodo “dragon”, the world’s largest lizard. Today’s dragon chasers come in the form of rangers who give fascinating tours.

Pulau Ambon – Maluku’s most prominent island – is verdant and undulating, sculpted with two bays that make for perfect anchorages. The Bandas are an archipelago

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of ten small and lush volcanic islands. Dutch settlers grew nutmeg here and the islands are dotted with old Dutch houses. For these colonials, money really did grow on trees – until their spice monopoly ended, bringing their high-class European lifestyles to a halt.

Today, little Banda Neira is sleepy and flowerfilled; a charming place to wander and see the tumbling Dutch ruins. You can climb volcanoes, visit the Rumah Budaya museum and the fortress, and dine on the terrace of the Cilu Bintang Estate.

The Bandas lie at the heart of the world’s ‘Coral Triangle’ and there is more marine biodiversity here than anywhere else on Earth.

For divers this is an underwater nirvana with an abundance of colour and life, including pygmy seahorses and the bizarre looking dugong (a kind of sea cow). Lava flowed into the sea here 20 years ago and since then a

hard coral garden has formed. Divers are guaranteed a unique spectacle of schooling fish: giant groupers, large schools of barracudas, snappers, sweetlips and surgeon fish, all in the midst of beautiful coral. Hilly Banda Besar offers interesting woodland walks and you can climb Gunung Api (also known as ‘Fire Mountain’) and take a dip in the interior lagoon.

The trump cards for the Kai Islands is their miles of stunning white-sand beaches that are backed by swaying coconut palms and dotted with thatched beach bars. The locals are deeply hospitable, and November is the time to watch them racing their war canoes.

On Flores, visit Kelimutu National Park – the volcano here contains three striking crater lakes, the colours of which shift between maroon, silver, green and black depending on the mineral content at the time. The women of the local Watublapi tribe are skilled weavers and you can watch them sitting together and working their looms. The best food will always be onboard, but it’s fun to venture ashore from time to time.

The Paradise Bar on a hilltop on the west coast of Flores offers a mesmerizing spot to watch the sun set, listen to acoustic music and eat fresh fish from the barbecue. In nearby Labuanbajo, divers flock to Aneka Baru, a hole-in-the-wall serving delicious noodles.

Some of the indigenous tribes of Indonesia are known for their distinctive traits, such as the Yali Pygmies who stand no taller than 150cm, the Dani and Lani tribes that preserve their warriors and tribal chiefs as smoked mummies, and the Mentawai tribe for whom sharpened teeth and tattoos are a sign of elegance.

Yachting in Indonesia Traditional wooden Phinisi with their romantic billowing sails typify yachting in Indonesia. Larger motor and sailing yachts do come and go however, and our Charter Team can tell you which yachts will be there this winter.

We are excited to see a gap in the market has been filled by the brand new 65m LAMIMA, the world’s largest wooden sailing yacht. The first ever ‘super-Phinisi’, LAMIMA is built to the highest superyacht standards of safety, comfort and stability and is effectively a floating spa retreat-come-PADI dive centre (PADI certification is on offer courtesy of two dive instructors), now available to charter throughout South East Asia.

Her crew includes a guide who worked for National Geographic (and whose knowledge of the landscape, culture and folklore is second to none) and two onboard masseuses who offer a wide menu of Asian style massage and beauty treatments. On LAMIMA there’s no excuse to lapse into the ‘Robinson Crusoe’ look…

US$ 140,000 per week all-inclusive 14 guests in 7 cabins Thailand & Burma Raja Ampat

Komodo, Alor, Flores & Sumba

November to February 2016 March to April 2016 Mid May to September 2016

Don’t miss: the solar eclipse on 10 March 2016 Don’t forget: your camera

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SANLORENZO SL118 A unique opportunity to purchase an 'as new' San Lorenzo SL118.

This yacht has never been stayed on or used by her owners or guests.

Type Length Beam Draft Gross Tonnage Builder Engines Naval Architect Exterior Designer

Motor 36.5m / 119.7ft 7.6m / 24.9ft 2.25m / 7.3ft 281 Sanlorenzo S.p.A 2 x MTU Sanlorenzo Francesco Paszkowski

Can be viewed at the Monaco Yacht Show 23 – 26 September 2015

Interior Designer Built Max Speed Cruising Speed Guests Cabins Crew Classification Hull Hull Colour

Sanlorenzo 2014 26 knots 23 knots 10 5 6 Other GRP White

Sales Price

¤10,495,000

THE MARKET Looking at the figures on this page, it’s intriguing how a yacht of 40-60m is now considered relatively normal in the superyacht world – 20 years ago this was an extraordinary size and reserved for the heads of industry alone.

Today, there is an increasing appetite for boats of this size and – with such a great volume being produced – there is a genuine value for them in the market. These are reassuring circumstances. Quality 60m boats are more liquid than they ever were, so if you have a high quality boat and are prepared to sell at a sensible price, then we can find a buyer for you.

Closer to home, we’re delighted to announce the sale of a 65m new build at Feadship Royal van Lent and our appointment as the build managers for this construction.

As with all of our new build projects, further details are confidential. However, we feel strongly that this appointment reiterates our position in the industry.

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YACHTS OVER 100M IN BUILD (4 HAVE BEEN LAUNCHED SINCE THE BEGINNING OF 2015)

2015 at a glance

734

yachts 24 meters and over launched or under construction world–wide this year, 1 fewer than last year

Lined up bow to stern, the global order book yachts would stretch almost

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MILES

Average size of yachts under construction is

41m Figures are as of the 26/08/15

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Alastair Shove, the latest addition to the Cecil Wright team, has boating in his blood. As a young competitive racer, a crew member and then a broker for 17 years, Alastair has seen this industry from every angle.

When Alastair approached Chris Cecil-Wright last autumn with a view to joining the team, Chris didn’t need any additional brokers. ‘It was Alastair’s impressive transactional experience in the smaller end of the market and his being relationship focused with clients that caught my attention,’ explains Chris. Joining Cecil Wright seemed a natural progression for Alastair, and he began working at the London office in February 2015.

A SEAFARING START Alastair grew up in Salcombe, South Devon where he started sailing at 4 years old and dinghy raced throughout his childhood. During his university holidays, he spent three seasons crewing on superyachts in the Mediterranean, and for his fourth season he joined the schooner AMERICA in the Caribbean – a large yacht with a busy programme of charter guests and owner visits. ‘I had a very influential captain who steered me to where I am today,’ explains Alastair, ‘we sailed the schooner AMERICA in the Transatlantic Race and he

encouraged me to hang up my crewing boots and try broking. That was the hinge point of my life.’

TURN OF THE TIDE At 24, Alastair joined Ancasta International Boat Sales – the biggest yacht brokers in Europe – and learned what it takes for a company to sell upwards of 650 boats per year. Ancasta specializes in boats typically between 40ft-90ft and Alastair was with them for 17 years. ‘In the last 5 years however, I began broking both motor and sailing yachts,’ he says, adding that ‘working with bigger boats had been a burning desire of mine since my crewing days.’ It was time for the leap to Cecil Wright, where he was attracted by the company’s lifestyle approach to yachting and their sense of family and fun. The strongest synergy, however, was with their attitude to service: ‘Attention to detail, client rapport and communication are key,’ says Alastair, ‘A client’s disposable income is hard earned and it’s vital that we make them feel properly guided, reassured and listened to.’

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the team Chris Cecil-Wright Mobile: +44 7920 557 837 chris@cecilwright.com Alastair Shove Mobile: +44 7476 888 639 alastair@cecilwright.com Claire Van Der Vorm Mobile: +44 7747 586 642 claire@cecilwright.com Lucinda Rosen Mobile: +44 7476 136 305 lucinda@cecilwright.com Eugenia Fomicheva Mobile: +33 6 21 66 61 20 eugenia@cecilwright.com Henry Smith Mobile: +33 6 40 62 01 51 henry@cecilwright.com Liz Cox Mobile: +33 6 72 54 36 82 liz@cecilwright.com Maria Botwright Mobile: +377 6 40 62 01 50 maria@cecilwright.com Matthew Ruane Mobile: +44 7797 722 024 matthew@cecilwright.com Sarah Fraser Mobile: +44 7973 796 467 sarah@cecilwright.com

the offices London Cecil Wright & Partners Ltd 73 St James’s Street London SW1A 1PH UK Tel: +44 20 7408 1001 Monaco Cecil Wright & Partners Sarl Le Mirabel 4 avenue des Citronniers MC 98000 Monaco Tel: +377 97 98 76 60 www.cecilwright.com

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Cecil Wright accepts no responsibility for the opinions or information contained in this publication. While the information in this publication is intended to be accurate no representation or accuracy or completeness is made.