SuperYacht Times logo Market intelligence promo small
Market Intelligence
Latest news
Advertisement

Sign up for the Yacht Auction Antibes

Market Events

During the upcoming edition of the Antibes Yacht Show, the superyacht industry will be introduced to an exciting new concept of buying and selling, that has the potential to introduce a shift in dynamics with regards to the acquisition of a yacht. The concept, which is loosely based on the age old principle of stock markets that were first introduced by the Dutch East India Company in the 17th century, focuses on eliminating several problems that buyers often encounter when purchasing a superyacht.

Firstly, there is the issue of supply or, rather, the abundance thereof. A wide range of choices can simply be overwhelming for many buyers, resulting in sensations of discomfort and insecurity, as one might never know if, and when, a better option will come along. With such undesirable sentiments influencing the decision making process, the sheer joy of acquiring can be considerably reduced, not to mention the financial risks. Secondly, with the extensive availability of potential acquisitions can possibly increase prices, since properly marketing a superyacht can result in extensive additional costs, which will have their impact on a vessel's asking price.

These are just two of several disadvantages that Prestige Yacht Auction will address at their premier event during the Antibes Yacht Show. On the 20th of April, they will be introducing the elegance and clarity of an auction to the superyacht industry, with an event that is expected to put over 30 vessels in their catalogue. This groundbreaking happening will take place at the primary venue with a VIP tent at the Antibes Yacht Show, with a live feed viewing available on the Star Deck in Monaco for phone bidding.

With this sophisticated new approach to superyacht sales comes the responsibility to have only the best professionals involved in the process. First off, brokers are still involved in the entire project, as Prestige Yacht Auction would not have been able to compose such an impressive and exciting range of vessels for sale without their knowledge and expertise. On top of that, Cornette de Saint Cyr, France's leading expert actioneers, will be handling the auction and administering the sales for each vessel. Mr Cornette de Saint Cyr and his son Arnaud will introduce the prestige, finesse and talent of fine art and design auctioning into the superyacht industry. A commission of 9% of all sales during the Prestige Yacht Auction will be divided between brokers and auction organisers.

Amongst the available superyachts, there are the magnificent 55 metre Turquoise, with her impressive stats, warm contemporary interiors and exquisite art collection, and Lone Ranger with her unique personality and surprisingly classic ambiance. These are just some of the many vessels that will undoubtedly be impressing their potential new owners, during the very first Prestige Yacht Show Auction.

The registration deadline for this exciting event, organized by Monaco-based Morley Yachts, is set on today, Friday March 15th, so any interesting party is kindly invited to enrol with the online form found on www.Prestige-Yacht-Auction.com. This is also the location where additional information on the available lots can be found.

The SuperYacht Times iQ Report

SuperYacht Times - The State of Yachting 2019

Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.


#weknow - do you want to know? Buy the report now for only €299!

Advertisement