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.
2022 Summary
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.
2022 Dynamics
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.
2022 Trends
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).
2023 Predictions
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:
Expedition yachts
Project Fox, 35m, Pendennis, delivery 2024. Asking price € 17,000,000
Sponsored by YT Partners
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The twenty-sixth hull of Custom Line Navetta 33 has entered the water at the Ferretti Group Superyacht Yard in Ancona. This elegant displacement superyacht with an overall length of 33 meters and a beam of 7.52 meters entered the water on March 15th in the presence of the owner family from the Americas and all Custom Line’s employees.This model is the result of collaboration between the Strategic Product Committee, which handled the exterior styling, and the Ferretti Group Engineering Department, whose architects and designers created the interiors, with strategic interior design consulting provided by the Custom Line Atelier.The latest addition to the superyacht scene boasts an interior design, featuring pale color tones ranging from beige to various shades of green. Custom Line Atelier's team of architects and the rest of the shipyard's project group worked closely with the owner to fully customize the spaces, creating a seamless and harmonious flow between the interiors and exteriors. The yacht's furnishings were carefully selected according to the owner's wishes, in collaboration with top design brands, and the use of refined materials such as Taj Mahal marble in shades of beige and lacquered wood further enhance the yacht's luxurious feel.The yacht's attention to detail is unparalleled, ensuring an unforgettable cruising experience for guests. Every aspect of the yacht has been carefully considered, from the design of the furnishings to the choice of materials, resulting in a genuinely refined and elegant vessel.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
March 27, 2023
Ahoy Club has announced the appointment of Katya Hall as Commercial Director, USA, as part of their ongoing expansion in the United States. A highly experienced sales and charter broker with over 15 years in the superyacht industry, Katya will lead the Sales Brokerage, Charter Retail, and Central Agency streams of the business, furthering the brand's growth outside of Australia and Europe.Katya HallEllie Malouf, CEO of Ahoy Club, commented on the new appointment: "Katya's market knowledge, experience, and passion for customer service closely align with our company values. We're excited to have her join us on our journey as we expand our brand globally."Ahoy Club at the Palm Beach International Boat Show 2023 Ahoy Club offers a portfolio of superyachts, megayachts, and villas, combined with personal concierge services, providing unique customer experiences such as access to bucket list events, exclusive offers, and brand partnerships. The company's vision is to create memories that last a lifetime, and with the appointment of Katya Hall, they are confident in delivering exceptional customer service and experiences to clients.73m Coral Ocean is available for charter with Ahoy Club With offices in Sydney, Golfe Juan, Monaco, and soon to be Miami, Ahoy Club continues to establish itself as a leader in the luxury yachting industry, with a commitment to customer satisfaction and innovation.Credits: Ahoy Club
March 27, 2023
Fraser Yachts has sold the Project Virtus XP Hull #01 (53M/173’, Mengi Yay). David Legrand and Alain Auvare from Fraser Monaco represented the seller, while Mengi Yay brought the buyer.The 52.6m yacht boasts features fit for the demands of discerning clients in search of a go-anywhere and elegant vessel, including a helipad, pool deck, master bridge deck, guest main deck, gym, and ample tender storage. This explorer yacht, penned by designer Paolo Dose fromVYD Studio and engineered by Dutch Van Oossanen Naval Architects, combines the Virtus experience with the exhilarating features of the Explorer line.The Mengi Yay Virtus Explorer XP superyacht provides accommodation for up to ten guests across five staterooms, including a master stateroom on the main deck with a king-sized bed and a private foredeck. Nine crew members are on hand to attend to guests' needs.Notable features onboard the Mengi Yay Virtus Explorer XP yacht include a helipad, pool deck, gym, and tender storage. Powered by twin Caterpillar engines, the 498 GT motor yacht has an expected top speed of 16 knots and a cruising speed of 12 knots. Hull #02 is now available for sale and is currently in-build with an expected delivery date of 2025. Mengi Yay Yachts was founded in 1964 in Turkey. Now the company owns one of the largest (19,365 sqm) yards that were specifically designed for the refit and refurbishment of existing craft as well as the manufacturing of the new motor and sailing yachts. Credits: Fraser
March 27, 2023
Aras Kazar once again surprises the public by presenting his new trimaran concept called Wakinyan, which is a Lakota word for "thunder." The word is usually translated as "Thunder Spirits", "Thunder Beings," or "Thunder Birds".The trimaran, which can be easily called a floating bird, is 130 meters long with a 26m beam and total width of 38 meters. The interior offers a soft and gentle color solution. The trimaran has five bedrooms and one master suite. Wakinyan notable features included the pool on the aft, a spa inside. Thanks to the full glass decks the guests will have almost 360 views with lots of natural light for the interior.Wakinyan is not one of those boring slow superyachts, says European designer, she is equipped with all-electric and hydrofoil technology that she can reach a maximum speed of 32 knots. Recently, the вesigner has spoiled us with his futuristic concepts, including 150m Ono and 66m Noy.Credits: Aras Kazar
March 24, 2023
Princess Yachts has introduced the new Princess S80 to the S Class. Inspired by urban living, the S80 provides a sense of contemporary elegance, with a single level main deck, flowing furniture and sophisticated detailed interiors. The 25.43-meter model has been designed by the shipyard's team with the Olesinski and Pininfarina. The Princess S80 yacht follows her predecessor, the S72, which debuted at boot Düsseldorf this January. She features full-length windows along her main deck that extend to her cockpit canopy to provide a sheltered area from the sun. The interior is available in four different wood options. The cockpit can be equipped with seating including adjustable twin upholstered L-shaped seats which can manually slide in-board, outboard and forward facing alongside twin coffee tables and twin aft sun pads which flank the teak-capped stairs leading to the spacious electro-hydraulic bathing platform.The all-new S80 can accommodate eight guests below the deck, including a full-beam owner’s stateroom amidships, via a private lobby area in the lower companion way. Thanks to the twin MAN engines she can reach 34 knots and delivers an excellent driving experience. British yacht builder Princess Yachts was founded in 1965, manufacturing fibreglass yachts ranging from 13 to 40 meters in length. Its parent company is the French luxury group LVMH. Credits: Princess Yachts
March 24, 2023