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SYT iQ: Benetti's performance on the used yacht sales market

Market Business
Written by
Ralph Dazert

Benetti is one of the top superyacht builders in the world, having built 241 yachts over 30 metres so far. Yachts by Benetti have a total length of 10,217 metres, an average length of 42.4 metres and an average volume of 456 gross tonnes (GT). In the past 10 years, the Italian company has completed a total of 107 superyachts.Seven yacht Benetti logoPhoto: Benetti YachtsUsed Market

Of the 237 30-metre-plus Benetti yachts in operation, there are currently 64 yachts for sale on the market, which is 27.0% of the Benetti fleet in operation. This is slightly higher in comparison to the market average of 23.1%. The total combined length of these yachts is 2,569 metres with an average length of 40.1 metres and an average volume of 381GT.

The average price of a yacht on the used Benetti yacht market is currently €9 million. When looking at the price per GT, we can see an average price of €24,000 per GT. The 15 yachts built by Benetti since 2010 have an average price of €35,000 per GT.

On average, the 64 Benetti yachts for sale have been on the market for 752 days and are an average age of 16 years old. The youngest Benetti yachts for sale are Botti and Perla from 2018, while the oldest is Happy Day from 1969.

Happy Day yacht cruisingNew yachts coming on the market per year

In the last two years, between four and 17 used superyachts built by Benetti came on the market per quarter. The first quarter of 2017 and the first quarter of 2019 saw the highest number of Benetti yachts come to the market.

Benetti used yachts new to market per quarter graphPhoto: SuperYacht Times

The most recent Benetti yacht to be listed for sale is Jazz, which came on the market in April 2019.

Jazz profile Photo: Allied Marine Yachts sold 

In the past two years, a total of 46 used Benetti yachts were sold, with 22 yachts sold in both 2017 and 2018, and another two in the first quarter of 2019.

Benetti used yacht sales per quarter graphPhoto: SuperYacht Times / SuperYacht TimesUsed Benetti superyachts sold in the last two years were on the market for an average of 535 days. For the total used fleet sold in the last two years, this average stood at 656 days.

The 46 Benetti yachts sold in the last two years represented a total value of €510 million in terms of final asking prices. Their average last asking price was €12.2 million per yacht or €25,560 per GT. The largest Benetti yacht sold in this time period was the 69.2-metre Spectre, which was also the highest valued Benetti yacht to be sold, and had a final asking price of €65,000,000. 

Spectre yacht cruisingPhoto: Benetti YachtsTop 5 Benetti Yachts for Sale

The five largest Benetti yachts for sale are:

Ambrosia - 65m - 1,639GT - 2006 - €45,000,000 (€27k per GT)

Iman - 59m - 996GT - 2008 - €26,000,000 (€26k per GT)

AE Cap d’Antibes - 56m - 879GT - 2007 - $18,900,000 ($22k per GT)

Lady Michelle - 55.3m - 909GT - 2003 - $21,500,000 ($24k per GT)

Karianna - 54m - 681GT - 2013 - €29,000,000 (€42k per GT)

SuperYacht Times iQ is SuperYacht Times' live market intelligence system. Our subscribers have access to all of this data and intelligence, as well as more in-depth insights. If you are interested in a demonstration, please contact us.

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