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The Cannes and Monaco Yacht Shows are upon us and it seems the Fort Lauderdale Boat Show is just around the corner. With the woes of the last 9 months subsiding somewhat, the yacht brokerage community is looking forward to ‘show season’ with a sense that the worst is over. Sellers of large yachts for sale have every reason to believe prices are leveling off and buyers who have waited patiently to make their purchase can feel safe in assuming that they can buy now in the knowledge that the bottom has been reached, and prices have bottomed out. There has been significant re-adjustment of prices across the board, and many sellers are still prepared to get deals done, but in our opinion the freefall has stopped and stabilization is the name of the game. Generally a 20% to 25% price leveling took place, but many seller’s stuck to their guns and weathered the storm, and for those owners of quality yachts, both power and sail, they can now expect to get prices close to their new asking prices, now that they have made the expected adjustments. As has always been the case, the good yachts for sale will be sold at fair and equitable prices.
I will be attending all three major events, and if I can be of assistance to you in any way, please get in touch by phone at 954-993-8338 or e-mail mike@sharpeyachts.com.
Please contact me if I can be of assistance in Fort Lauderdale at 954-993-8338 or mike@sharpeyachts.com.
Regards and good sailing.
Mike
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