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

Market
Written by
Ralph Dazert

Custom Line is one of the top superyacht builders in the world, having built 107 yachts over 30 metres so far. These yachts have a total length of 3,552 metres, an average length of 33.2 metres and an average volume of 215.1 gross tons (GT). In the past 10 years, the company has completed a total of 68 superyachts.

Navetta 37/01Used Market

Of the 105 30-metre plus Custom Line yachts in operation, there are currently 21 yachts for sale on the market, which is 20% of the Custom Line fleet in operation. This is lower than the market average of 23.1%. The total combined length of the Custom Line yachts for sale is 694 metres, with an average length of 33.1 metres and an average volume of 215.4 GT.

The average price of a yacht on the used Custom Line yacht market right now is €7.2 million. When looking at the price per GT, we can see an average price of €33,000 per GT. Looking just at the yachts that have been built since 2010, which is a total of 15 yachts, they have an average price per GT of €39,000 per GT.

On average, the 21 Custom Line yachts for sale have been on the market for 582 days and have an average age of eight years. The youngest Custom Line yacht for sale is Custom Line 106/01 from 2019, while the oldest is Gihramar from 2001.

Custom Line 106 yacht launch in Ancona Photo: Ferretti Group New yachts coming on the market per year

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

Custom Line used yachts new to market graphPhoto: SuperYacht TimesThe most recent Custom Line yacht to be listed is Gihramar which came on the market in April 2019.

O yacht in CannesPhoto: Merijn de Waard / SuperYacht TimesYachts sold 

In the past two years, a total of 15 used Custom Line yachts were sold, with ten yachts sold in 2017 and three in 2018. We have not yet recorded any sales of used Custom Line yachts in 2019.

Custom Line used yacht sales graphPhoto: SuperYacht TimesIf we look at the used Custom Line superyachts sold in the last two years, they were on the market for an average of 319 days. For the total used fleet sold in the last two years, this average stood at 612 days.

The 13 Custom Line yachts sold in the last two years represented a total value of €50 million in terms of final asking prices. Their average last asking price was €6.0 million per yacht or €30,810 per GT. The largest Custom Line yacht sold in this time period was the 34-metre Tacos Of The Seas, which had a final asking price of €2,850,000. The highest priced Custom Line yacht sold during this period was the 32.95-metre Aynur’a, which had a final asking price of €8,100,000.

Navetta 37/01Top 5 Custom Line Yachts for Sale

The five largest Custom Line yachts for sale right now are:

O - 38.36m - 271 GT - 2018 - €14,900,000 (€54k per GT)

Race - 37.04m - 289 GT - 2017 - €14,200,000 (€49k per GT)

Sonic - 37.04m - 289 GT - 2016 - €12,500,000 (€43k per GT)

Happy Days - 34.0m - 213 GT - 2013 - €5,900,000 (€27k per GT)

Bambina - 34.0m - 213 GT - 2010 - €7,400,000 (€34k per GT)

SuperYacht Times iQ is the SuperYacht Times live market intelligence system. Our subscribers have live access to all 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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