The superyacht market in November showed a little fewer sales than in the previous month, in spite of numerous price reductions noted in our previous market report. This is clear evidence of a depleted inventory of high quality yachts on the market.
Sales in November were slightly below the levels seen in October (42 vs 50+) with the majority of transactions taking place in the 30-40m segment. However, a number of high profile large yachts found new owners during the last month of the fall.
The flagship deal was the sale of 92.4m Nobiskrug Tatoosh, asking EUR 90,000,000, having spent almost two years on the market. Without exaggeration, this yacht may be called a milestone in superyachting. At the time of her launch 14 years ago only 11 other private yachts exceeded her length. She was one of the first yachts built with an explorer mindset, able to cover 6,800nm on a single tank, and carrying a 13m sailboat as one of her tenders. A working fireplace and a galley in the owner’s suite are just a few features that made her extraordinary at the time of launch.
With this sale the market saw a doubling of 80m+ transactions with six 80m+ deals this year vs three in 2021. Right now, 13 motor superyachts are listed in the 80m+ brokerage segment, topped by the recently added 115m Pelorus.
Another significant sale was 57.5m Twizzle, asking EUR 39,900,000 and being on the market for 144 days. Built by the award-winning Royal Huisman shipyard and equipped with one of the most advanced sailing rig systems ever created, Twizzle offers impressive performance. She carries 1,780sqm of sails and both main and mizzen sails can be hoisted simultaneously in under two minutes.
Rounding out the top three, the Oceanco 59m Helios, asking EUR 37,000,000, also found a new owner after 4 months on the market.
Pick of the market
New listings under 40m:
November’s new listings almost equaled the number of sold yachts (44). This number is far behind the number seen in October (78). The majority of new listings are 30-40m yachts built 10+ years ago.
The most expensive new listings of November are the Lurssen Pelorus, 115m, 2003, (price on application), Unbridled (Trinity), 58.2m, 2009, asking USD 24,950,000, and Atlas(Codecasa) asking EUR 20,800,000.
The number of price reductions and their amounts were also lower this month, with 4,200,000 USD off the asking price of Illusion Plus being the biggest move. The yacht now asks EUR 79,900,000. The 91m Dubawi reduced its price by USD 4,000,000 and is now offered for USD 28,000,000. Another major shift was for 55m Kamalaya, which went from EUR 34,500,000 to EUR 31,500,000.
Pick of the market
New listings 40m+:
Summing up, the inventory of appealing yachts on the market continues to decrease. We expect this trend to put pressure on sales volumes for the rest of the year, even though many owners will be trying to secure deals before winter holidays and we may see further price reductions for some long-selling yachts. Based on the sales figures so far and the existing inventory it’s unlikely that the fourth quarter sales will reach last year’s level. However, we wouldn’t consider this to be the end of the superyacht sales boom (particularly in the 60m+ range) – the demand is strong enough and as soon as the inventory refills with new deliveries market activity will pick up.
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Northrop & Johnson has announced its newest strategic partnership with Space Perspective, the world’s only carbon-neutral space travel company, unlocking exclusive access to a transformative journey to space for select clients.With plans to launch in 2024, with over 1,000 tickets sold, Space Perspective has totally reimagined and reengineered human spaceflight. They offer a safe, gentle, and carbon-neutral journey to space on board Spaceship Neptune, a pressurized capsule propelled by a SpaceBalloon™️ the size of a football stadium. During their six hour journey, traveling at 12 mph, Space Explorers will enjoy cocktails, Space Gastronomy, Wi-Fi and more all without the need for rigorous training or the stress of crushing g-forces.“Our collaboration with Space Perspective will take our already stellar roster of experiences and luxury client exclusives to the literal next frontier, space!” says Daniel Ziriakus, President & COO of Northrop and Johnson. Daniel Ziriakus“Our mission is to share the transformative power of space travel with the whole world and partners like Northrop & Johnson help us reach a whole new group of Space Explorers who are keen to have the transformative experience of seeing our vulnerable earth floating in the blackness of space,” said Jane Poynter, Founder and Co-CEO of Space Perspective.Northrop & Johnson has reserved two Spaceship Neptune flights, totaling 16 seats, in phase two of Space Perspective’s 2025 flight schedule. Space Perspective is based on Florida’s Space Coast, and was co-founded by space entrepreneurs Jane Poynter and Taber MacCallum. The company is operated by an elite team that has been instrumental in the development of every US human spacecraft and SpaceBalloonTM flight for the past 40 years.Since 1949, Northrop & Johnson has offered yachting experiences from yacht sales and purchase to yacht charter and charter marketing to yacht management of the world’s most impressive luxury vessels, and expert crew placement services, Northrop & Johnson offers a total-service approach.Credits: Northrop & Johnson
January 31, 2023
Riva 130’ Bellissima is a flybridge yacht with an overall length of 40 meters. The second unit built of Riva’s flagship model was launched on behalf of a European owner last Friday in La Spezia. After recently undergoing major expansion and architectural restyling work, the La Spezia yard now extends over a total surface area of more than 39,000 sq. m, of which 17,000 under cover. Riva 130’ Bellissima has exterior styling and interiors by Mauro Micheli and Sergio Beretta, founders of Officina Italiana Design, the design firm behind all Riva’s yachts for the last 27 years, working in partnership with the Product Strategy Committee led by Piero Ferrari, and the Ferretti Group Engineering Department. With an overall length of over 40 meters and a beam of 8 meters, Riva 130’ Bellissima is the first planning flybridge in the range to extend across three real decks, with a full-wide-body design and generous volumes in every setting, while remaining under 300 GT.“The name Bellissima perfectly expresses the spirit of this boat, a true work of art that has been a huge success on all four continents,” said Alberto Galassi, Ferretti Group CEO. “With her sporty but at the same time extremely elegant lines, Riva 130’ Bellissima is the dream yacht of every owner in search of outstanding cruising performance combined with the feeling of being at home.”Carbon fiber, steel and glass are the distinctive elements of the hull design, which features three simple lines running along the silhouette: two black strokes along the yacht’s silvery side define the hull windows, while the windshield, made with spherical crystals, has the characteristic slight forward rake already used on the Riva 48’ Dolceriva. The outdoor areas are optimized to fully experience close contact with the water: the stern area, set low and open to the water, is divided into a large beach club and a cockpit of over 60 sq. m. Forward, guests can choose between a lounge, a large sun pad and other intimate and inviting spaces. The exterior spaces are rounded out by an alfresco dining area, accommodating up to ten people on the upper deck, and a relaxation area on the sundeck.The interior design is contemporary, pointed up by elements made from steel, polished wood and leather, and achieves the perfect balance between celebrating tradition and reaching into the future. The star feature of Riva 130’ is the large lounge on the main deck: with a 270-degree panoramic view and a height of over 2 meters, this one-of-a-kind space features an imposing staircase with polished marble steps that not only connects the decks, but is also a magnificent architectural element.The cabin layout puts the master suite on the main deck and four cabins on the lower deck, separated by a large lobby and all with en suite bathrooms.Riva 130’ Bellissima is powered by twin MTU 16V 2000 M96L engines rated 2,638 mhp each, giving her a top speed of 22,5 knots and a cruising speed of 20 knots.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
January 31, 2023
The Italian shipyard Codecasa has sold the Codecasa 43, hull C124. The building was started “on speculation” and was already at the advanced stage of construction, when the owner arrived. The 43 meter C124 is a totally custom-made full displacement yacht with steel hull and aluminum superstructure. She is designed by Codecasa Shipyards in-house technical staff.Thanks to the typical vertical bow, she features big windows with lots of natural light in the interior. The internal volumes are just below 500 GRT, the remarkable exterior spaces, with a clean and elegant line, can ensure the best comfort and privacy. She features two spacious saloons, four large cabins for the guests. The owner suite is located on the forward main deck, in addition to fully equipped service areas and comfortable exterior spaces throughout the three decks.This yacht is equipped with two Caterpillar C32 “Acert” (1600 hp @ 2300 rpm) and able to reach a speed of 16 knots at light displacement and has a range of 4,000 nautical miles at 11 knots cruising speed. The deal was closed and the delivery of Hull C124 is scheduled in Summer 2024.Codecasa shipyard was established in Viareggio in 1825 by the shipwright Giovanni Battista Codecasa. Still run by the founder’s heirs, nowadays the Codecasa Shipyards Group is able to offer a wide range of Yachts, featured by top quality, technologic innovation, reliability, design and comfort. The shipyard is known all over the world as builders of steel and light alloy motoryachts, ranging from 30 to 70 meters LOA.Credits: Codecasa
January 31, 2023
The Benetti Full Custom Yacht FB283 with a steel hull and an aluminum superstructure was launched during a private ceremony, which was held on January 26th at the Livorno yard. The owner had expressed the desire for a yacht with four fundamental characteristics: speed, silence, long range and guaranteed fun for the family. The interior and exterior was made by Giorgio Cassetta, the hull lines are by Van Oossanen Naval Architects. The project was facilitated by the close and profitable relationship established between the yard, the project team, the designer and the owner, who was represented by Nicola Nicolai from Nicolai Yacht Consulting & Project Management, acting as advisor prior to the purchase and managing the entire construction process as owner’s representative and project manager.FB283’s exterior styling features extremely elegant lines, with a sleek bow and a stern sloping down towards the water’s surface, combined with a (FDHF) fast displacement hull meticulously researched by Benetti and Van Oossanen Naval Architects. FB283 has a maximum speed of 21 knots and a range that makes it possible to cruise for long distances without stopping. Cassetta and his Rome based studio created a masterpiece of harmony. Deck fittings such as the massive oval capping rails, natural teak panels and solid wood and stone furniture give the vessel a “super yacht” feel rarely found on an Italian build of this size. Being entrusted by the owner with both exterior and interior design, Cassetta added striking details to interface the two, such as the magnificent 6 x 2 meter uninterrupted windows on both main deck and upper deck. With a focus on comfort and conviviality, FB283 has been created with family life front and center, so there are plenty of storage areas offering space for all kinds of water toys and equipment for having fun in the water, including diving gear. Located forward on the upper deck, the garage is a veritable cathedral, with a side door and the space to contain a 10-meter tender, two jet skis and a second tender. A touch & go helicopter platform makes sure the owner and guests can reach the yacht whatever the location. Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. They design, build and sell composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. Their fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom, to meet all the needs of the market, and they belong to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
January 30, 2023
Extensive sea trials are now under way for the latest member of the new Zeelander 5. She has just had her technical launch after a rigorous development and build programme by the Groot-Ammers-based yard. The new Zeelander 5 is a natural development of the successful Z44, presenting a more contemporary look. The curvaceous Zeelander silhouette is still instantly recognisable, but compared to the Z44, the shearline is more voluptuous than ever, and now follows an elongated ‘S’ shape. The yacht features bigger windows in the wheelhouse and in the hull. In fact, Zeelander has succeeded in eliminating mullions altogether around the helm, for true, unencumbered 360-degree vision. Still capable of exhilarating performance, with speeds up to 40 knots courtesy of three Volvo Penta IPS-650 drives, the Zeelander 5 nonetheless manages to be 2dBA quieter than its predecessor. Given the yard’s relentless focus on eliminating noise and vibration, that is quite an achievement. There is also the option of installing a Seakeeper 6 gyro stabilizer to ensure there is nothing to distract from the pure pleasure of ownership.“We have learned from our owners,” said Sietse Koopmans, Zeelander Yachts founder and owner.. “Dozens of small improvements and a few bigger strides forward have combined to give the Zeelander 5 improved functionality in the service of a refined, timeless character.”The first Zeelander 5 will be delivered in spring 2023. Work is also progressing well on developing the brand’s new flagship.Zeelander Yachts was founded in 2002 in the Netherlands by Sietse Koopmans. The first model was unveiled to the public in 2008. The launch model Z44 received positive reviews at the Monaco Yacht Show and drew enormous crowds, despite being at an event dominated by much larger yachts. Within three years, the Z44 had been successfully introduced to the US as well as Europe, and it was an obvious direction to add a larger model to the fleet. The first Z55 was delivered in November 2015, and the flagship Z72 was launched in March 2019.Credits: Zeelander Yachts
January 30, 2023