As the industry begins to rebalance to pre-pandemic levels, Edmiston’s brokers continue to prove their sales prowess
It’s been a successful first six months of the year for Edmiston’s esteemed brokerage team, who have sold 22 yachts over 30m so far in 2023, solidifying our position as the leading global brokerage house, with the highest deals per broker ratio in the industry.
In one week alone our brokerage team sold three yachts, including two Feadships, LADY MAY and KISS, continuing our exemplary sales record for these pedigree yachts – Edmiston has sold 50% of all Feadships over 40m this year.
Feadships currently on Edmiston’s books include the 61m 2006 yacht SAMADHI, which is in turnkey condition following an extensive 2023 refit, and the classic 1984 Feadship A2, which was completely rebuilt in 2012 before being refurbished once again in 2021/2022. The 61m 1979 SANOO is a remarkable renovation opportunity for a buyer, while the 36m 1991 LADY VICTORIA and the 46m 1981 DOJO are presented in top condition, ready to welcome a new owner.
This all comes as the yachting industry, especially the brokerage market, looks to be rebalancing post the unprecedented sales boom of 2021 and 2022. This rebalancing has seen sales of yachts over 30m in the second quarter of 2023 down 26% on the number of yachts sold in the same period last year.
Much of this fall comes from the sub 50m market, where the industry has seen 33% fewer yachts of 30-50m sold in the first half of this year compared with the first half of 2022, so it’s interesting to note that Edmiston is bucking this trend with the average length of the yachts we’ve sold this year standing at 46m.
We currently have some pristine yachts in the sub 50m category for those in a position to buy, including the 2022 yacht H OF THE SEAS – a brand-new yacht from the Azimut Grande 36M line, which is still under shipyard warranty – and the 38m 2018 Sanlorenzo yacht SOSA, a series model that has been honed to perfection and is ready to go.
Meanwhile, the 50m 2016 Heesen MY LOYALTY has only ever been kept privately and remains in her original ownership so offers a genuine alternative for those looking for a good-as-new yacht without the long lead times.
Across the industry, demand remains strong for the 50m+ segment, particularly when it comes to yachts in the 60m-70m category. In addition to this, more yachts have sold this year asking over €20m than in the first two quarters of 2021 and 2022 and demand is still strong for pedigree yachts.
Alex Koersvelt says: “This year is seemingly on course to be another year of steady growth as was consistently the case pre pandemic. Edmiston brokers will continue to use our peerless knowledge and contacts to connect the right buyers to the right yachts and continue to prove ourselves as the best brokers in the business.”
To find out more about the Edmiston brokerage services, please contact us.
19 July 2023
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