Edmiston Sell Five Yachts in Five Weeks

By Paul Joseph

Leading superyacht broker Edmiston has reported the sale of five yachts in just five weeks, with asking prices totalling over €40 million.

Edmiston has already enjoyed a surge in charter bookings for summer 2014, up by 15 per cent on the previous year, and is now seeing buyers from traditional markets return, a sign that the economic upturn is starting to take hold.

The latest five yachts sold were the 40.64m Royal Huisman-built sailing yacht William Tai, the 60.55m Feadship-built motoryacht Nara, the 50m Benetti-built motoryacht QM of London, the 45.86m Heesen-built motoryacht Sea Dweller and the 32.92m Palmer Johnsson-built sailing yacht Keewaydin.

The yachts’ new owners hail from across the US, UK and Germany – markets which had proved quieter during the downturn before 2013, offering further evidence of a resurgence.

Nicholas Edmiston, Chairman of Edmiston, said: “It’s very encouraging to see buyers re-emerge from the likes of the UK, US and Germany which used to be the strongest markets before the downturn which hit the global economy.

“Buyers are still seeking the right deals where they can but they are clearly back to pursue what is the ultimate holiday – having your own yacht to be where you want when you want. Our team are doing a great job of finding the buyers in this market.”

Already in 2014, Edmiston has sold the 49.8m Heesen-built motoryacht Satori and the 30.5m Sanlorenzo-built motoryacht Lady Luck.

By Paul Joseph