38
FAC TS A ND FIG URE S
THE MARKET Even in an extremely buoyant market, the flight to pedigree has once again been the notable trend in terms of large yacht sales, both for motor and sailing yachts.
The rate that pedigree yachts are being sold is not being met by the replacement rate for yachts coming onto the market for sale – by definition this demonstrates the move towards a seller’s market. We are seeing the closing prices getting closer and closer to the asking prices and the time on market is reducing significantly. We are also seeing an increase in the number of off market deals which again is indicative of a seller’s market.
The pedigree sailing yacht market is seeing some of the strongest movement at the moment, with values for certain yachts actually going up as the yard demand is driving up replacement cost. This is in part due to the disappearance of some of the top yards in the 2008 global economic crisis.
60
23
60 yachts over 100m in global fleet.
741
126.2
741 yachts sold in last 12 months over 24m.
23 yachts over 100m in build.
21 In the last year there have been 21 sailing yacht sales over 35m and only 10 new additions to the market.
126.2m – Largest sale in the last 12 months – OCTOPUS, 2003 Lurssen.
F EA DSH I P FACT S
7
72.87
7 Feadship deliveries this year with 2 more to come.
62
45
62m – Largest Feadship sale in the last 12 months. NEW HAMPSHIRE – sold by CWP.
45 days – quickest time from listing to sale of a Feadship in the last 12 months.
72.87m average Feadship build size for 2021.
17 17 Feadship sales in the last 12 months and 8 additions to the market.
For more information, contact Chris Cecil-Wright on: chris@cecilwright.com or call +44 7920 557 837
