photo contest - Yacht Essentials

Spotlight: Strength of the Used Yacht Market
Supply is bountiful, confirmed Offer. “Last September at
the Monaco Boat Show, the docks were full of yachts in
the 170- to 210-foot range, as well as smaller 140-foot
yachts, and another 60 vessels were out in the harbor
that couldn’t get into the marina. I have never seen 60
boats in the harbor in Monaco, and I’ve been going to
the show since 1991.”
Depending on whom you ask, there any number of opportunities
for buyers looking to get into a used superyacht
while the time is right. “There are some 60 yachts
available in the 130- to 160-foot range, and one sells
every blue moon,” said Offer. “Bigger yachts are up for
sale, too.”
Added Michael Mahan, Palm Beach-based broker with
IYC, “There are potentially good deals on both late-
22 YACHT ESSENTIALS
Clockwise from top: Zoom Zoom Zoom from
IYC; Keiki Kai from Fraser Yachts; Lionwind
from Denison Yachts.
model European and US built superyachts in the 145- to
165-foot range.”
There are some 15- to 20-year-old yachts currently on the
market and never before available that are an outstanding
deal, offered John DeCaro, the Ft. Lauderdale-based
president of All Ocean Yachts. “Their price has fallen to
a greater extent relative to, for example, a five-year-old
yacht. That said, there are some outstanding deals in
two-year-old yachts, too.”
Of course, there are pros and cons to purchasing an older-model
yacht…even if the price is right.
Older-model yachts, “built pre-2000,” seem to be plentiful,
according to Michael Seltzer, sales broker for Fraser
Yachts California in San Diego, and there’s an advantage