Burgess reports on a record year

First it was Fraser Yachts reporting a bumper year with year on year improvements of figures now Burgess reports that it too has ended 2012 as its fourth year with a consecutive rise in sales since 2009.

With a total asking price of sales achieved reaching close to half a billion euros, Burgess has achieved an all-time record.
Vessels sold by Burgess in 2012 averaged a fraction under 50m in length with an average asking price of around 21 million euros.

Burgess reports that it continues to sell the majority of yachts over 55m  worldwide, last year accounting for almost 60 per cent of the market and in many cases representing both buyer and seller.

The specialist focus of OceanStyle by Burgess ensured a robust performance in the 35m to 45m (115ft-148ft) sector too.

2012 also proved to be a record year for Burgess in new construction. The company’s Technical Consultancy Services division completed the delivery of a 96m  custom project, the largest yacht ever to be built in the UK, in addition to signing a 110m new-build motor yacht at Oceanco, the largest yacht ever to be commissioned in Holland.

CEO Jonathan Beckett comments, “The true test of a brokerage firm is how it performs for both buyers and sellers when conditions are difficult. Burgess has been quick to respond to the realities of the adjusted marketplace. While inventory is growing, buyers remain hesitant, putting pressure on prices across all size categories. It is testament to the talents and hard work of our experienced professionals and the strong relationships they have built with clients over many years that Burgess is able to report a record year in 2012.”