Page 2 - TheEdge_AutumnWinter_2016

YACHTS FOR SALE
WWW.BURGESSYACHTS.COM
MARKET OVERVIEW
Sales activity in the spring and summer of 2016 has been strong with good
quality, correctly priced inventory moving relatively quickly.
The sale of ELANDESS (58m Abeking and Rasmussen) typified the mood of the first two quarters with a buyer found within days of her coming onto the market following her debut at the Palm Beach Boat Show. The US market remains the most active on both the brokerage and new construction fronts, with the Eurozone becoming increasingly attractive for dollar-based buyers. Interest from the Far East has also been noticeable, partially fuelled by the newly established Burgess presence in the area, and we continue to see steady growth in almost all other regions with the exception of Eastern Europe where we have seen a noticeable flattening in the market. The sailing yacht market particularly has seen an abundance of activity compared with 2014 and 2015 with a number of notable sales so far this year including TWIZZLE and MONDANGO and further deals due to close shortly. Currently, Burgess is listing several other high pedigree sail boats including the iconic ATHENA and the performance Dubois sloop LADY B.
Burgess LOA percentage of the market Burgess yachts sold percentage of the market Burgess asking price percentage of the market
%%%
% 30-50m % 50m+ % 30-50m % 50m+
% 30-50m
2013 2014 2015
% 50m+
2016
35 35 70 30 30 60 25 25 50 20 20 40 15 15 30 10 10 20
5 5 10 000
2013 2014 2015 2016 2013 2014 2015 2016
The mid-year Brexit concerns seemingly had a limited effect on a busy market place albeit we have seen some inevitable loss of confidence among some of our UK ‘invested’ clientele. The looming US elections, currency fluctuations and the ever changing security landscape continue to play their part in luxury spending habits but none of these factors alone are stemming the global appetite for large yacht ownership. The major challenge as we enter the final quarter of the year is satisfying the requirement for quality motor yachts in the 55-70m category, where inventory is low and demand high. Whilst we expect to see new offerings come to the market as the European summer season ends we anticipate high levels of transactions as the year closes out, with attractive deals moving quickly.
Yachts for sale »
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Contents
MARKET THE ELITE LIST REPORT Yachts over 70m
AQUARIUS
A design marvel
NEW TO THE FLEET
Brand new to the brokerage market
ULYSSES
The ultimate explorer
Length overall (LOA)
Total yachts sold (count)
Total asking price (€)