Despite continuing difficulties in the global economy, Burgess has completed another successful trading year, ending 2012 with its fourth consecutive rise in sales since 2009. The total asking price of sales achieved reached close to half a billion Euros.
Vessels sold by Burgess in 2012 averaged a fraction under 50 metres in length with an average asking price of around 21 million Euros. Burgess continues to sell the majority of yachts over 55 metres worldwide, last year accounting for almost 60 per cent of the market and in many cases representing both buyer and seller. The specialist focus of OceanStyle by Burgess ensured a robust performance in the 35-45 metre sector too.
2012 also proved to be a record year for Burgess in new construction. The company’s Technical Consultancy Services division completed the delivery of a 96m custom project, the largest yacht ever to be built in the UK, in addition to signing a 110m new-build motor yacht at Oceanco, the largest yacht ever to be commissioned in Holland.
CEO Jonathan Beckett noted “The true test of a brokerage firm is how it performs for both buyers and sellers when conditions are difficult. Burgess has been quick to respond to the realities of the adjusted marketplace. While inventory is growing, buyers remain hesitant, putting pressure on prices across all size categories. It is testament to the talents and hard work of our experienced professionals and the strong relationships they have built with clients over many years that Burgess is able to report a record year in 2012.”