The superyacht market preserves a historically high pace. By the end of the 3rd quarter of 2022 the overall sales of 30m+ yachts in 2022 are already higher than sales of any previous whole year except 2021 in almost all segments of the market. The sales skyrocketed in the 2nd half of 2020 as many buyers, including first-time yacht purchasers and former charterers, came on the market in search of an asylum and a safer means of transportation in the middle of the pandemics.
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Top 3 yachts for sale under 5 years old
For many sellers, the post-Covid surge in demand became a signal to enter the market with speculative asking prices. This provided an increase in new listings in the beginning of 2022. However the buyers, which remain cost-conscious as ever, keep looking for reasonably priced opportunities, including off-the-market yachts. 2022 Q2 sales saw a small drop-off from the 2021 figures in almost all size segments of the superyacht market, though the sales were still higher compared to the corresponding periods of 2018, 2019 and of course 2020. The lack of supply and world events have understandably slowed the market. Besides, sales activity is generally quieter in summer as brokerage yachts become busy with owners' use and active charter schedules.
As an ending mark of the summer season in the Med and ahead of the autumn yacht shows Monaco and Fort Lauderdale, the brokerage market demonstrated a surge in the number of owners putting their boats up for sale in August-September. There were 65 new arrivals on the sales market in August and 87 – in September, with several big-ticket listings, most notably the 90m Phoenix 2 asking EUR 129,000,000 and 85.6m B2, asking EUR 88,000,000.
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With more yachts entering the market and the exchange rates playing in favor of American buyers - the main driving force of the superyacht market - the sales saw a huge increase from the previous months in September, both in numbers and total price. The most expensive deal in Q3 was the sale of the 97m Carinthia IV with an asking price of EUR 95,000,000.
The majority of market transaction volume in 2022 continues to lay within the sub-50m range, with 30-40m yachts accounting for half of all sales. On average, yachts are sold within 12 to 18 months of being placed on the market. Quality and reasonably priced yachts aren’t sitting on the market for long. Speaking of the quickest deals since the beginning of 2022, the 42m Istros was sold in 53 days, 72m Stella Maris and 46.7m Odyssea shifted hands in 2 months.
There is still a good number of people actively looking to buy a yacht and it helps to maintain prices at a relatively higher value than before. Sometimes sellers were only testing out the market with high prices and would seriously discuss a deal, but many owners stayed firm on their asking prices – not least because of the high replacement costs. In the last two years, on the back of increased demand, many shipyards raised their new construction prices by 10-20% – which is best noticeable in the semi-custom segment with well-known base price levels, as with Heesen and Amels. And now we can see a huge price gap between the new yachts and 5-15 years old brokerage yachts. Owners entering the market are focused on the new construction prices, while the buyers, on the other hand, focus on the average brokerage market prices of previous periods.
Pick of the market:
Major price reductions third quarter
As for the new build market, according to Boat International, the 2022 Global Order Book records an impressive 1,024 projects in build or on order, a rise of 24.7% on 821 in 2021. The demand for new construction projects remains consistent, despite the rising new build costs and longer delivery times. All the leading shipyards have their order books stretched into 2026. Even builders of production GRP yachts are now selling slots with deliveries in 2025. Because of the increased demand and the heavy workload in the yards, contracts are now being concluded 6 to 12 months before the start of construction work (mostly for small and GRP yachts).
But what looks like to be a success for the industry also gives some food for thought on whether or not the boom on the superyacht market is going to remain for long. Concerns are that as most of the leading shipyards operating in the production segment with certain model ranges are packed with orders for the next couple of years or more, it means that they are not able to build new generation yachts before they complete current builds. And by the time the new buyers will be able to start building, the models offered to them may become too outdated and less appealing. Along with a lack of inventory on the brokerage market this may create a downfall in sales.
We have seen quite a few good yachts coming into the market recently and expect to see stable market activity in the following months. However, though the demand for yachts remains ever high, the global uncertainty and lack of supply may put some serious pressure on the sales in 2023.
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The Italian Sea Group has launched the 72-meter Admiral Armani megayacht, marking the first vessel designed in collaboration with Giorgio Armani. The ceremony took place at the company's Marina di Carrara facility, attended by representatives from the Armani Group, local authorities, and project team members.This yacht represents the first of two projects fully designed by Giorgio Armani, featuring distinctive exterior styling and interior design by Armani/Casa. The collaboration with The Italian Sea Group's Centro Stile combines minimalist aesthetics with advanced naval engineering.Key design elements include geometric volumes with curved surfaces, satin aluminum and steel detailing, and expansive floor-to-ceiling windows. The upper decks incorporate open-air lounges and a helicopter landing area. Interior materials feature Black Marquinia marble, golden Calacatta, and Canaletto walnut, complemented by custom lighting and fabrics."This yacht represents the confluence of Giorgio Armani's poetic elegance and The Italian Sea Group's technical excellence," said Giovanni Costantino, Founder & CEO of The Italian Sea Group.The Admiral Armani 72m will make its official debut at the Monaco Yacht Show in September 2025. The vessel measures 72 meters in length and represents a new direction in luxury yacht design through the Armani collaboration. Technical specifications and performance details were not disclosed in the announcement.The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: Giuliano Sargentini/The Italian Sea Group
May 7, 2025
Silent Yachts has announced its 24-meter flagship solar-electric catamaran, the SY80, is approaching completion. The Italian builder recently launched two SY62 3-Deck Open models and one SY62 3-Deck Closed variant from its Fano shipyard as part of its plan to deliver 10 yachts in 2025.The SY80 will be available in three customizable configurations: 2-Deck, 3-Deck Open, and 3-Deck Closed. The model retains the sustainable features of Silent Yachts' smaller vessels while offering increased volume, accommodating up to 12 guests. Key features include an open layout, spacious staterooms, and ample storage for water toys."We can accommodate a very high number of different configurations, making the yacht of your dreams into a lived reality," said Silent Yachts CEO Fabrizio Iarrera. Owners can opt for an on-deck master suite or an open-plan salon with the master cabin below deck.Performance specifications include a top speed of 12 knots, cruising speeds of 7-8 knots, and battery capacities of 522 kWh or 696 kWh. The solar array peaks at 22.4 kWp, supporting near-zero-emission operation.The SY80 2-Deck variant will debut at the 2025 Cannes Yachting Festival (September 9-14), with sea trials expected in the coming weeks.Silent-Yachts is producing the world’s first fully solar-sustainable oceangoing production catamaran yachts. They are powered exclusively by solar energy and capable of cruising up to 100 miles per day. In 2009, founders Heike and Michael Köhler, who have spent 6,000 days cruising more than 75,000 miles all around the world, launched the Solarwave 46, the first fully self-sufficient blue-water catamaran after years of testing solar-powered propulsion, and they have been building boats ever since. Credits: Silent-Yachts
May 7, 2025
The 52-meter sportfisher Special One, built by Royal Huisman with design by Vripack, has received the Judges' Special Award at the 20th World Superyacht Awards in Venice. The yacht competed in the Best Motor Yacht – Semi-Displacement or Planing Motor Yachts 50m+ category.Judges described Special One as "spectacularly different," with one noting: "She is truly special! This yacht is so unusual, so different and so successfully done." The award recognizes the vessel's unique combination of sportfishing capabilities and luxury amenities.Vripack's co-creative director Bart Bouwhuis commented: "The owner's desire to build one of the coolest and challenging boats to ever hit water was unwavering from the outset." The design maintains traditional American sportfisher proportions while incorporating innovative features like a 28m² fish cockpit, DJ station, and cinema with rising projector screen.Interior highlights include walnut and oak finishes, a 237-piece parquet dining floor, and a sky lounge with custom blue glass chandelier. Technical innovations include laser-powered fiberglass exterior lighting.The World Superyacht Awards ceremony took place in May 2025, honoring exceptional vessels in the global luxury yacht market. Special One represents Royal Huisman's first sportfisher project and Vripack's largest motor yacht design to date.Royal Huisman is a Dutch shipyard established in 1884 in Ronduite, building and refitting custom luxury sailing and motor yachts at its shipyard in Vollenhove, the Netherlands.Credit: Guillaume Plisson, all provided by Vripack
May 7, 2025
The upcoming South Coast & Green Tech Boat Show 2025 at Ocean Village Marina in Southampton will showcase several world and UK premieres from leading marine manufacturers. The event, scheduled for May 9-11, will highlight new models across both power and sail categories with a focus on innovation and sustainable technologies.Among the notable debuts, Cockwells Modern & Classic Boatbuilding will present the Hardy 45 European, making its world premiere. The 45-foot vessel combines offshore capabilities with inland waterway navigation, powered by twin Yanmar 440hp engines reaching speeds up to 28 knots. Dave Cockwell, Founder and Sales Director, stated: "Our all-new Hardy 45 European provides an extraordinarily luxurious and secure environment for ocean crossings and long-distance cruising."Hardy 45The show will introduce four models to the UK market for the first time, including the BENTE28 sailing yacht with its distinctive IMOCA-style dodger, the high-speed Delta 33 Coupé from Sweden, the modular Axopar 29 Sun Top adventure boat, and the versatile Saxdor 340 GTWA walkaround cruiser.Hanse 360Additional show debuts will feature the award-winning Hanse 360 sailing yacht, recently named European Yacht of the Year 2025, alongside the FJORD 39 XL powerboat and the Absolute 47 Fly flybridge cruiser. The Hanse 360 offers an optional sustainable sail package using recycled materials.Absolute 47 FlyTim Mayer, Sales and Marketing Director at MDL Marinas, commented: "Each year the South Coast & Green Tech Boat Show grows in scale and significance." The event will display over 90 boats both in-water and shoreside at the Harbour Hotel Southampton location.Credits: South Coast & Green Tech Boat Show
May 6, 2025
Benetti has launched FB287, a fully customized 67-meter steel yacht from its B.Now series featuring the Oasis Deck® design. The vessel represents Benetti's steel-hulled superyacht expertise, with exterior design by RWD and interiors by Sinot Yacht Architecture & Design. Engage Maritime served as owner's representative throughout the project."The launch of FB287 demonstrates the capabilities of the Benetti shipyard and the possibilities for clients to realize their ultimate expression of the yachting lifestyle," said Daniela Petrozzi, Benetti Sales Director.Key customizations include a rectangular elevator, marble guest staircase with glass balustrade, widened corridors, and multiple pool areas - an infinity pool on the Oasis Deck®, a spa pool on the observation deck, and a reflecting pool with waterfall effect on the owner's deck. The yacht features a lower-deck spa complex with sauna and steam room, a main deck saloon with grand piano, and an entire upper deck dedicated to the owner's private use.Originally conceived with light beach house interiors, FB287's owner requested a darker, richer aesthetic inspired by Gatsby-era styling. The final design incorporates woods like sycamore, ebony, and macassar, along with specialty marbles and metal detailing. Despite the dramatic style change from initial concepts, the design maintains seamless flow between interior and exterior spaces through coordinated material selections.Following launch, FB287 will undergo sea trials before scheduled delivery this summer. The project marks Benetti's successful adaptation of its B.Now platform to meet specific owner requirements while maintaining the series' signature indoor-outdoor living philosophy.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Giuliano Sargentini/Benetti
May 6, 2025