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SYT iQ: Feadship’s performance on the used yacht sales market

Market
Written by
Ralph Dazert

Feadship is one of the top superyacht builders in the world, having built 183 yachts over 30 metres so far, of which three are no longer in service. These 183 yachts have a total length of 9,629 metres, an average length of 52.6 metres and an average volume of 803.0 gross tons (GT). In the past 10 years, the company has completed a total of 48 superyachts.Feadship 96m Vertigo on seatrials North SeaPhoto: Tom van Oossanen / SuperYacht Times

Used Market

Of the 180 30-metre plus Feadship yachts in operation, there are currently 34 yachts for sale on the market, which is 18.9% of the Feadship fleet in operation. This is lower than the market average of 23.2%. The total combined length of these yachts is 1,626 metres, with an average length of 47.8 metres and an average volume of 576.9 GT.

The average price of a yacht on the used Feadship yacht market right now is €18.5 million. When looking at the price per GT, we can see an average price of €32,000 per GT. Looking just at the yachts that have been built since 2010, which is a total of five yachts, they have an average price of €49,000 per GT.

On average, the 34 Feadship yachts for sale have been on the market for 565 days and have an average age of 25 years. The youngest Feadship yacht for sale is Moon Sand from 2015, while the oldest is Alchemy from 1970.Moon Sand running

New yachts coming on the market per year

In the last two years, between one and eight used superyachts built by Feadship came on the market per quarter. The second quarter of 2017 and the third quarter of 2018 saw the highest number of Feadship yachts come to the market.

Feadship yachts new to market graphPhoto: SuperYacht TimesThe most recent Feadship yacht to be listed is Sultana which came on the market in June 2019.

Lady Christine at Kata Rocks Rendezvous 2017Yachts sold 

In the past two years, a total of 16 used Feadship yachts were sold, with four yachts sold in 2017, 10 in 2018, and another two in the first quarter of 2019.Feadship used yacht sales graph Photo: SuperYacht TimesIf we look at the used Feadship superyachts sold in the last two years, they were on the market for an average of 1,027 days. For the total used fleet sold in the last two years, this average stood at 617 days.

The 16 Feadship yachts sold in the last two years represented a total value of €230 million in terms of final asking prices. Their average last asking price was €16.1 million per yacht or €24,340 per GT. The largest Feadship yacht sold in this time period was the 66.25-metre Hampshire, which had a final asking price of €85,000,000.

Feadship superyacht Vanish on the River Thames, LondonPhoto: Charl van Rooy / SuperYacht Times

Top 5 Feadship Yachts for Sale

The five largest Feadship yachts for sale right now are:

Lady Christine - 68m - 1,608 GT - 2010 - $69,000,000 ($43k per GT)

Anna I - 67m - 1,549 GT - 2007 - €59,000,000 (€38k per GT)

New Hampshire - 62m - 1,011 GT - 2005 - €39,950,000 (€39k per GT)

Rock.It - 60.35m - 1,052 GT - 2014 - €59,500,000 (€56k per GT)

Paraffin - 60m - 1,092 GT - 2001 - €28,500,000 (€26k 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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