Super Yacht Market “on fire” as Industry Gears Up for FLIBS

Yacht brokerage houses are set to have a powerful presence at the Fort Lauderdale International Boat Show (31 October – 4 November) with the likes of Burgess showing six super yachts and IYC 15!
Everyone is hoping for a re run of the Monaco yacht show where the docks were buzzing with excitement and everyone was talking about having sighted that elusive green shoot of recovery.
But the American market is not the same as it is in Europe and only time will tell if the tide is about to tell on the western shore of the Atlantic Ocean.
And we are getting different stories from different people sometimes people who work for the same company!

Take IYC’s President, Bob Saxon for example. He sees the super yacht market as “on fire” as the industry gears up for the quintessential exhibition where the company has a total fleet of 15 centrals on display.  He said,  “A recent spate of industry-wide sales activity gives rise to positive expectations for the upcoming show. The US marketplace and economy steadfastly continue to demonstrate resilience.”
Yet Mark Elliott, one of the company’s leading sales and charter broker has slashed the price of boats seeking to “capitalize on the hot conditions.” With the price on the 52 metre Feadship Dream, and the 44 metre Christensen Aghassi,reduced he said. “Finally sellers asking prices are getting closer to buyers biding prices and yachts are selling. The reliability of the stock market also means buyers are getting more comfortable spending on higher priced luxury goods.”
Saxon notes restored affluent consumer confidence and a resulting demand on the increase in various yachting industry sectors, most notably sales and
charter. He told us, “We expect a good return on the investment we have made at the Fort Lauderdale Boat Show.”
Teams of experienced brokers will be on hand to fast-track clients around the show and onto the yachts, with first-class hospitality offered by most of the better brokerage houses.
Burgess have on offer Cakewalk, built just three years ago in 2010, by Derecktor Shipyards, USA along with two turn-key Feadships for sale.
Cakewalk whose flowing lines and accentuated curves were sculpted by Tim Heywood Design, make her instantly recognisable. Her over the top Elizabeth Dalton interior is richly endowed with rosewood, oak and marble, and features a grand, spiral staircase. A seven room owner’s apartment is located on a private deck, supplemented by six elegant suites for 12 guests on the main deck, while there is outdoor space in abundance for al fresco living and dining.
Déjà Vu the 13 year old, 50.3m Feadship, from the Royal Van Lent, in The Netherlands is another of the offerings from Burgess.  An extremely well-found Feadship, capable of extended ocean passages and with an unusually shallow (2.5m) draft for her size. Her Donald Starkey designed interior offers flexible accommodation for 12 guests in six cabins. She too has an asking price reduced from US$35,900,000 to US$32,200,000 for the Show.
Even older, is the 50 metre Inevitable built in 1990 but almost totally rebuilt during 2009 by the Feadship, De Vries, yard in Maakum.  The yacht has a successful charter record, with a good maintenance history and has an asking price reduced from US$17,250,000 to US$16,250,000 for the Show.
The company have a berth for Blind Date the 41 metre 1995 built yacht from Lurssen-Werft in Germany.  Fast and manoeuvrable, this super yacht has an impressive maximum speed of 22 knots. Thanks to a draught of only 2.3m, she is well suited to even the most inaccessible cruising grounds, making her ideal for navigating in shallow island waters such as the Bahamas.  A snitch at an asking price reduced from US$6,950,000 to US$6,495,000 for the Show
Burgess also have the 46 metre Delta built Katyaon show where her asking price is US$34,995,000 and the almost brand new exploration yacht Safira with an asking price reduced from US$32,000,000 to US$28,000,000 for the Show.

The yacht is also offered for charter by Burgess as Worldwide Central Agents