Data from BOATPro showed that 15 sales were completed in August 2024, with a total value (at asking price*) of €111.2M, which is a huge drop on August 2023's 26 sales totalling €282.2M, being just 39% by value.
Average values of sales were down too, being €7.4M against €12.8M in 2023. However, August 2023's figure was skewed upwards by the sale of Here Comes The Sun, asking €178.5M, and if one removes that single sale then figures are more or less identical.
The most expensive sale was of Tommy Hilfiger's 62-metre Feadship Flag (pictured in the header), asking €39,500,000 and sold with Torrance Yachts introducing the buyer and Merle Wood & Associates with Burgess as joint central agents.
Price drops were less than those of the same month a year ago with 47 in August 2024 totalling €37.8M against 70 drops in August 2023 totalling €51.2M. A €5M drop on the 58-metre Feadship motor yacht W, listed with Edmiston, was the largest reduction. She is now asking €44,950,000.
August in numbers
15 sales
€111.2M total value of sales
€7.4M average sales value
51 new listings
€590.9M new listings value
€11.6M average new listing value
47 price drops
€37.8M total price drop value
There were 51 new listings in August, valued at €590.9M, compared with 40 in July 2024, valued at €546.2M. The average new listing price was €11.6M, a slight drop on the €14M average in July. The most expensive new listing for August was the 70-metre Amadeus, designed by Reymond Langton with interior by François Zuretti, listed with Burgess and asking €48,500,000.
Other high-value new listings for the month include the 55-metre Galene, designed by Tim Heywood with Laura Sessa interiors, asking €39,950,000 with Y.CO and the 62-metre Oceanco Queen Mavia, designed by Evan K. Marshall and The A Group, asking €34,900,000.
*All sales figures are based on asking prices.
