Burgess confirms yacht business is booming as it secures four major sales in a single week

Written by Alexander Griffiths

Burgess has been on an impressive selling spree this week as it concluded four major signings in just seven days. The combined length of the yachts sold exceeds 166-metres, while the combined value (taken from the last known asking prices) equals just under €65,000,000. Notably, these sales were not concentrated in one location and showcased the global nature of the brokerage firm.Arete yacht cruisingThe first from the flurry was the sale of the 43.9-metre motor yacht Arete, built by Bloemsma & van Breemen. The deal was concluded by Burgess’ Miami team who not only represented the seller, but also introduced the buyer to this 2013 launched superyacht.Time Off yacht in VlissingenThe second was Damen Yachting’s 56m support vessel Time Off, since renamed Better Space. She was on the market for just under a year and Burgess’ Palma office handled the sale while representing the seller. Moon Sand Too yacht cruisingNext to pass hands was Moon Sand Too, the 33.9-metre Feadship Lagoon Cruiser, which was sold by Burgess’ Asia office after only being in the Burgess sales fleet for three months. Ribelle sailingPhoto: Jeff Brown / Breed MediaConcluding the run of sales is Ribelle, the 32.6-metre sailing yacht built by Vitters. The high-performance yacht joined Burgess as what is known as a whisper listing during the period of price negotiations. 

Burgess’ success is a testament to the post-pandemic uptick in sales, and the company has reported significant interest in the sales and new build sector as more clients feel that now is the time to buy. This buoyancy has been experienced since the last quarter of 2020. 

“The past 13 to 14 months have been pretty extraordinary – almost relentless in the sales market. Yachts have been selling at really good prices and talks of ‘COVID deals’ was quite honestly a myth,” Jonathan Beckett, CEO of Burgess commented. “We are delighted with the current sprint to the finishing line of 2021, but we aren’t there yet – still more deals to be done as we enter December!”

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