Last year’s superyacht sales were still higher compared to any pre-pandemic year both on the brokerage and new build sides of the market.
The number of transactions on the superyacht market in 2022 did not reach the record figures of 2021, yet substantially exceeded the results of any other previous year - 502. The sales were higher than in 2018-2020 in almost every size sector.
Among the most significant sales of the 2022 were Golden Odyssey (Lurssen, 123m), Carinthia VII (Lurssen 97m), Palladium (Blohm+Voss, 95m) and Tatoosh (Nobiskrug, 92m).
The 2022 holds a record in terms of new listings – 606 yachts were introduced to the market.
The surge in demand and record sales of 2021 encouraged a lot of sellers to test the market with speculative asking prices. This provided an increase in new listings during Q1 2022 and supply outstripping demand for the first time over a year.
The political uncertainty since the Ukrainian crisis breakout led buyers to become more cost-conscious than ever. They kept looking for reasonably priced opportunities, including off-the-market yachts. The lack of reasonably priced offers and world events have understandably slowed the market during Q2-Q3.
Ahead of the autumn boat shows in Cannes, Monaco and Fort Lauderdale the brokerage market demonstrated another surge in the number of owners putting their yachts up for sale in August-September.
The last quarter of 2022 was especially notable for an unusually high number of price reductions in October-November, as many owners were seeking to close deals before the end of the year and ahead of any possible negative political and economical developments that may influence the market. The number of sales was slightly higher than in Q2-Q3, but still below the Q1 results.
1. Average last asking price of brokerage yachts sold in 2022 was higher than in 2021.
2021: avg last asking price €11mln
2022: avg last asking price €13mln
2. With the market being very tight and the demand ever high there was a significant decrease in the average number of days yachts spent on the market in 2022 vs 2021. Good reasonably priced yachts were selling really fast.
3. The number of new orders in 2022 decreased in comparison to 2021, but still exceeded all previous years.
2021: 312 new build contracts
57% - 30-40m
5% - 80m+
2022: 202 new build contracts
51% - 30-40m
6% - 80m+
4. On the back of increased demand, many shipyards raised their new construction prices by 10-20%. As a result, a huge price gap can be seen between the new yachts and 10-15 years old brokerage yachts.
5. All the shipyards, including less promoted and relatively new to the market, have their order books stretched into 2026. Even builders of production GRP yachts are now selling slots with deliveries in 2025. Now it is especially important to be in contact with brokers to find good opportunities like projects on various stages of construction to cut delivery times.
6. Because of the increased demand and the heavy workload in the yards, contracts are now being concluded 6 to 18 months before the start of construction work (mostly for small and GRP yachts).
Though rising fortunes and increasing number of billionaires promise more buying force on the market, the global uncertainty and lack of supply are going to put some serious pressure on the sales in 2023. With the build slots completely sold-out for the next 2-3 years the new construction market is going to be very tight. Though we may of course see a number of distressed sales, owners are likely to remain stiff on their asking prices, not least because of the high replacement costs.
Pick of the market:
New Construction below 40m
Benetti Oasis 34M, delivery 2024. Asking price € 17,258,250
Azimut Grande 38 Tri-Deck, delivery 2023. Asking price € 22,000,000
Moonen 110, delivery 2023. Asking price € 17,000,000
Pick of the market:
Brokerage yachts 40-60m
Pick of the market:
Project Fox, 35m, Pendennis, delivery 2024. Asking price € 17,000,000
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Cantiere delle Marche's 27.31-meter explorer yacht, Yes, has been successfully sold. The buyer, introduced by Sanlorenzo Yachts UK’s Nick Hatfield, completed the purchase with the assistance of Mark Seaton of Yacht and Villa and Carlo Aquilanti of Cantiere delle Marche, who represented the seller.Built by the renowned Italian shipyard CdM and designed by Nauta Yachts S.r.l, this elegant 160GT aluminum explorer yacht was launched in 2014 as part of the shipyard’s Nauta Air range.Designed by Luxury Projects, Yes can host up to nine guests in four well-appointed staterooms, featuring a dedicated stairway to the owner’s suite. Additionally, there's separate accommodation aft for three crew members, including the ship’s captain.Emphasizing outdoor living, Yes boasts an impressive flybridge, sun pads, BBQ, bar, two dining areas, and a spacious al fresco lounge. The seamless connection between the interior and exterior spaces is achieved through the use of transparent glass in doors and windows, creating a light, bright, and relaxing atmosphere.Powered by a semi-displacement hull and twin 885hp Caterpillar engines, Yes achieves a cruising speed of 11 knots, a maximum speed of 16 knots, and a cruising range of 2700 nautical miles.While the sale price remains undisclosed, the initial asking price for Yes was EUR3,299,000.CdM's story begins in 2010. The facilities cover an overall surface of 16˙000 square meters, including 7˙000 sq. m of workshops and 1˙000 sq. m of docks. Since 2015, the shipyard has been the world’s leading builder of explorer yachts. Based in Ancona, Cantiere delle Marche builds yachts from 26m to 43m in length.Credits: CdM
December 4, 2023
Northrop & Johnson has announced the delivery of Majesty 120 Hull No. 4, a yacht sold by Yacht Broker Joe Foggia in December 2022. The vessel is scheduled to be loaded onto a freighter on December 13, embarking on a 30-day journey to its final destination in the Sunshine State.Crafted with exterior designs by Gulf Craft’s in-house team and interiors envisioned by Cristiano Gatto, the Majesty 120 stands as a sleek and modern tri-deck yacht. Its design embraces panoramic windows, seamlessly blending indoor and outdoor spaces and bathing the interiors in natural light.The interior of Majesty 120 reveals sophisticated yet comfortable styling, featuring Tabu Sycamore Frise and Amara wood to create a warm ambiance. Marble accents and ambient lighting complement the abundance of natural light. The main saloon offers various seating options over carpeted floors, enhancing guest comfort, while wooden floors with marble borders define the rest of the space. The upper saloon provides a delightful gathering spot, featuring an L-shaped sofa and a wet bar, with easy access to the alfresco area aft, boasting a sofa and two teak tables.Accommodating 12 guests and seven crew members, Majesty 120 includes six guest cabins and three crew cabins. The diverse range of accommodations includes the owner's cabin, two guest cabins with double beds, two twin guest cabins, and a VIP cabin, each equipped with an en-suite bathroom.The yacht’s sundeck is designed for entertainment, featuring a hot tub with a sunbed, three sun loungers with side tables, and a barbecue grill. A swim platform brings guests closer to the water, while the beach club offers a shaded alfresco space for relaxation. The delivery marks the beginning of a new chapter for Majesty 120 Hull No. 4 as it embarks on its maritime journey to the Sunshine State.Since the company’s inception in 1982, Gulf Craft has grown to become one of the top seven shipyards in the world: once a builder of small fishing boats in its modest premises, which was a genuine passion for Gulf Craft, they then established their credentials as a leader of innovation and technology in the yachting industry. With five brands in their product portfolio ranging from 31 to 175 feet, Gulf Craft manufactures yachts and boats that appeal to a wide audience, such as touring passenger vessels, Silvercraft family day boats, Oryx Sport Cruisers, Nomad Explorer Yachts, and the flagship Majesty Yachts.Credits: Northrop and Johnson
December 4, 2023
Feadship shared the video from the sea trials of the Project 1011. Project 1011 is not just a superyacht; it's a marvel challenging the limits of design and engineering. Crafted for a visionary owner deeply engaged in the 103-meter project, this masterpiece, designed collaboratively by Sinot Yacht Architecture & Design and Azure Yacht Design, pushes boundaries in innovation. With a distinctive vertical bow, Project 1011 showcases a clean-cut exterior, exuding a purposeful personality. The exterior is adorned with a staggering 1,100 square meters of glass, featuring twenty sliding doors, twelve glass windbreaks, four outdoor hot tubs, and a main deck swimming pool that spans its entire height. The forward helipad cleverly conceals a helicopter hangar, while eight hull doors, including the largest tender garage door ever installed on a Feadship, enhance its functionality.<iframe src=https://www.facebook.com/plugins/video.php?height=315&href=https%3A%2F%2Fwww.facebook.com%2FFeadship%2Fvideos%2F371252095276469%2F&show_text=false&width=560&t=0 width=560 height=315 style=border:none;overflow:hidden scrolling=no frameborder=0 allowfullscreen=true allow=autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share allowFullScreen=true></iframe>Despite challenging criteria, including the provision of amenities comparable to the owner's previous 6,000GT yacht within half the volume, Project 1011 excels in space planning and ingenious solutions. The single-deck engine room, a groundbreaking concept, maximizes guest areas. The engineering marvels extend to expansive glass suites, a colossal 15-meter tender garage door, fully retractable glass doors, a futuristic Kongsberg bridge, and a towering glass staircase and elevator in the main atrium. Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
December 1, 2023
Exciting news echoes from CdM as the Darwin 86 Empire joins the fleet, marking the third launch in just two weeks, following the RJ 115 Pazienza and the Flexplorer 146 Maverick. It's not just a celebration; it's an exhilarating showcase of craftsmanship and innovation, leaving no room for comments, only sheer pride and excitement at the forefront.“The Darwin Class continues to provide us with great satisfaction, firmly establishing itself as a reference in the explorer yachts’ market. This Darwin 86 adds up to a total of twelve Darwins from 86 to 112 feet already delivered,” says Vasco Buonpensiere, CdM co-founder and CEO. Acquired by an enthusiastic American owner, the Darwin 86 Empire is a testament to bespoke luxury. From reinforced hulls with bulletproof steel plates to navigation plans that span distant and challenging seas, this vessel is tailored to the owner’s every whim.Designed with Hydro Tec's unmistakable Darwin aesthetics and CdM's unique approach to technical areas, the interior design, crafted by Massari Design, is a testament to opulence. The owner's requests, including an 'ice belt' at waterline level and enhanced scantlings for icy conditions, make this vessel a true explorer.Featuring a fourth pilot station in the engine room, the interior layout aligns seamlessly with the owner's vision. The warm and inviting ambiance is achieved by blending custom-made furniture with renowned manufacturers like Poltrona Frau and Poliform.The lower deck houses the owner’s full-beam stateroom and two twin cabins, while the VIP suite occupies the forward section. Crew quarters for four members are strategically located on the main deck forward. The main deck serves as the social hub, connecting lounging and dining areas with a cozy bar linked to the galley. The upper deck hosts a well-equipped gym, and the sundeck is furnished with loose furniture and sunbeds for outdoor enjoyment.Measuring 26.30m, the Empire is a little ship of robustness, comfort, and reliability. Powered by twin Scania engines and featuring 3 Northern Light generators and sodium-lithium chloride batteries, this vessel is a paragon of engineering excellence. The wheelhouse is designed for ease of handling, equipped with Boening integrated monitoring and control systems. A sophisticated anti-intrusion system adds an extra layer of protection.CdM's story begins in 2010. The facilities cover an overall surface of 16˙000 square meters, including 7˙000 sq. m of workshops and 1˙000 sq. m of docks. Since 2015, the shipyard has been the world’s leading builder of explorer yachts. Based in Ancona, Cantiere delle Marche builds yachts from 26m to 43m in length.Credits: CdM
December 1, 2023
Northrop & Johnson has announced the successful sale of the opulent 77.7m Golden Yachts O’Rea, orchestrated by Yacht Broker Steve Elario, representing the buyer.Motor yacht O’Rea, delivered by the Greek shipyard, Golden Yachts, in 2023, has found a new owner. With interior styling curated by Studio Vafiadis and Massari Design, O’Rea is not just a yacht; it's a masterpiece that sets new standards for luxury living on the water. The incredible design details, such as polished marble steps, backlit vertical paneling, and three-dimensional glass patterns, permeate throughout the yacht.Crafted for the discerning owner who values exquisite indoor and outdoor experiences, O’Rea showcases voluminous spaces across multiple decks, creating an idyllic setting for relaxation, entertainment, and indulgence. The seamless interconnection between each exterior area and the interior allows guests to transition effortlessly. The strategic use of glass blurs the boundaries between inside and outside, whether sunbathing on the beach club sea terraces, relaxing in the spa, or dining in the sprawling main deck area with floor-to-ceiling windows.With accommodation for up to 12 guests in eight stunning staterooms, O’Rea ensures a consistent level of comfort and sophistication for every guest. The owner’s suite stands out with its expansive height and volume, including a private office area. A dedicated crew of twenty-two ensures precision and care in every aspect of the journey.O’Rea is a symphony of indulgence and entertainment. Onboard amenities include a state-of-the-art gym, sauna, Turkish hammam, massage room, and a notable glass-bottom pool on the main deck aft, positioned above the beach club. Additional features comprise an outdoor theater, an exterior lounge/bar area, and ample sunpads across various decks.O’Rea has a steel hull and aluminum superstructure. Powered by twin Caterpillar engines, the yacht cruises comfortably at 16 knots, reaching a maximum speed of 18 knots.Recognized as a finalist at the Boat International Design & Innovation Awards 2024, O’Rea stands as a symbol of outstanding exterior motor yacht design in the 60m and above category.Golden Yachts was founded in 1996. The company began its activities by consulting and supervising the construction of the 42m luxury M/Y O’Pari new building at Intermarine SpA. Golden Yachts entered a new era in the 2000’s with a team of enthusiastic and committed naval architects and engineers. Now shipyard is famous for its 95m O'Pari, and 85m O'Ptasia. Credits: Northrop & Johnson
December 1, 2023