Burgess Newsletter Spring / Summer 2008 - Burgess Yachts

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2 Yachts have never been bigger. Shipyard order books have never been fuller. The yachting industry has come of age and companies in all sectors – whether shipyards, designers, brokers or suppliers – have created stable and established businesses for the future. The current instability in the world financial markets is creating uncertainty in the lower and middle brokerage markets (€1,000,000 to €10,000,000), especially in the United States where many yachts of this value are quite heavily financed. Conversely, the same economic climate is already demonstrating a positive knock-on effect in the over 40 metre category, which has been starved of good quality inventory for a number of years. Sellers have been asking premium prices and have actually been achieving these prices. Less impatient buyers who have held off making an acquisition could now be rewarded with a greater choice of inventory at more realistic price levels. The tough area of the brokerage market is the 70 to 90 metre bracket. Between 10 and 20 buyers exist in this category at the moment and there are virtually no vessels of this size available for sale. In today's market it is easier to sell an 80 metre yacht than a 50 metre yacht. Crazy but true! The last few years have been especially exciting for large custom new builds. Should we expect a downturn in new construction? There’s certainly no sign of it as yet. Burgess Jonathan Beckett Chief Executive L O O K I N G A H E A D have signed 3 new construction contracts and have 4 letters of intent for some amazing megayacht new build projects - all in the first few months of 2008. The value of these 7 projects is more than an astonishing one billion euros! As one would expect in this landscape, superyacht charters go from strength, but with the enduring problem of not enough yachts to meet the concentrated demand in high season periods and not enough charterers during the balance of the year. The charter market will be difficult to grow further unless the volume of off peak season charters increases. However the large yacht market behaves, Burgess leads from the front and is fortunate to have built a business on the very strongest foundations. The company is privately owned, most of our staff have been with us for years and our dedication to offering a first-class service never falters. Wishing you an enjoyable summer of cruising and we look forward to offering you a warm welcome at the Burgess stand during the Monaco Yacht Show from 24 to 27 September. What’s Hot? THE LATEST SUPERYACHT NEWS FROM BURGESS
* >> SAVE THE DATE Meet the Burgess brokerage team and view a selection of world-class yachts at the MONACO YACHT SHOW, 24-27 SEPTEMBER 2008 OF THE FINEST YACHTS Sixty one superb superyachts, each one unique and distinctive. This is a covetable selection of yachts offered for sale by the world’s most successful brokerage team. The Burgess global FOR SALE >> team works as one, to the highest ethical standards, offering unrivalled access to potential buyers of the world’s most exceptional yachts. *61 is just a selection of over 200 yachts available for sale YA C H T S F O R S A L E 3
Page 1 and 2: T H E S U P E R YA C H T N E W S L
Page 3: YACHT SALES >> Burgess has the glob
Page 7 and 8: This magnificent 71 metre yacht mak
Page 9 and 10: “An indulgent sense of space infu
Page 11 and 12: Sleek, sophisticated, spectacular S
Page 13 and 14: A winning combination of craftsmans
Page 15 and 16: yacht of the year www.burgessyachts
Page 17 and 18: Northern European build credentials
Page 19 and 20: www.burgessyachts.com STYLISH LUXUR
Page 21 and 22: Impressive 54m tri-deck Trinity Kat
Page 23 and 24: SISTERSHIP www.burgessyachts.com SU
Page 25 and 26: www.burgessyachts.com Striking prof
Page 27 and 28: Five years on from her spectacular
Page 29 and 30: Delivered in 2000 by Perini Navi, A
Page 31 and 32: One pedigree. Yet it would be a mis
Page 33 and 34: F45 VANTAGE After two years of desi
Page 35 and 36: OCEAN SEVEN >> 53.5m (175.6ft) I 12
Page 37 and 38: future The launch of Silver in 2007
Page 39 and 40: erranean www.burgessyachts.com STAT
Page 41 and 42: www.burgessyachts.com PERFECT SAILI
Page 43 and 44: Instead of heading for a predictabl
Page 45 and 46: Introducing Miss Rose MISS ROSE >>
Page 47 and 48: www.burgessyachts.com Management 45
Page 49 and 50: Absolute power When it comes to mak
Page 51 and 52: “EVERY FINALIST OF THESE AWARDS D

Burgess Newsletter Spring / Summer 2008 - Burgess Yachts

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