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

Market
Written by
Aurélien Herman

Founded in 1969 by the late Robert Braithwaite, the British yacht builder Sunseeker has delivered 127 yachts over 30 metres. These yachts have a total length of 4,534 metres, an average length of 35.7 metres and an average volume of 251 gross tons (GT). In the past 10 years, the Poole-based shipyard has completed a total of 95 motor yachts over 30 metres.

Princess AVK yacht in Saint-Tropez Photo: Charl van Rooy / SuperYacht TimesUsed Market

Of the 127 30-metre plus Sunseeker yachts in operation, 29 of them are currently available for sale, which is 22.8% of the Sunseeker fleet in operation. Compared to the motor yacht market average of 23.0% this is a similar ratio. The total combined length of these yachts is 1,022 metres with an average length of 35.2 metres and an average volume of 234GT.

On average, Sunseeker yachts for sale have been on the market for 713 days. On average, these yachts for sale are nine years old. The youngest Sunseeker yacht for sale is the Sunseeker 131 Elysium delivered in 2018, while the oldest is the Sunseeker 105 Mi Alma from 2001.

The average price of a yacht for sale on the used Sunseeker yacht market right now is €7 million. When looking at the price per GT, the average price is €30,000 per GT. If taking into account the 18 Sunseeker yachts that were built since 2010, the asking price per GT comes to an average of €34,000 per GT and an average volume of 274GT. On average, these newer used Sunseeker yachts for sale have been on the market for 568 days.

N 9 off RamatuellePhoto: Aurélien Herman / SuperYacht TimesComparison with other builders

How do used Sunseeker yachts for sale built from 2010 onwards compare with similar used yachts for sale from a selection of other well-known yards also building GRP-hulled motor yachts with a length of between 30 and 47.5 metres?

There are 13 used Benetti yachts for sale in this category. They have an average asking price of €11.9 million per yacht, an average volume of 360GT and an average asking price per GT of €33,000. These yachts have been on the market for an average of 690 days.

Buyers looking for a used SanLorenzo yacht for sale in this category can choose from 15 yachts. Their average asking price per yacht is €8.4 million, at an average volume of 248GT and an average price per GT of €34,000. They have been on the market for 406 days on average.

Sunseeker's compatriot yard Princess is also active in this market segment. There are currently five used Princess yachts for sale built from 2010 onwards. Their average asking price is €11.1 million at an average volume of 242GT. Their average asking price per GT works out to €46,000 and they have been on the market for an average of 410 days.

Crossing the Atlantic to the United States, we take a look at used Westport yachts for sale in this category. There are currently 10 used Westport yachts for sale built from 2010 onwards. They have an average asking price of €14.2 million, an average volume of 272GT and an average asking price per GT of €53,000. They have been on the market for an average of 358 days.Sunseeker used sale market vs competitors Photo: SuperYacht TimesNew yachts coming on the market

In the last two years and a half, between one and five used 30-metre plus yachts built by Sunseeker came on the market per quarter. The first quarter of 2017 and the third quarter of 2018 saw the highest number of used Sunseeker yachts for sale come on to the market. In the first two quarters of 2019, five used Sunseeker yachts for sale were newly listed.

Sunseeker yachts New to MarketPhoto: SuperYacht TimesThe most recently listed Sunseeker yacht for sale was the 33.9-metre Sunseeker 105 White Pearl, which came on the market in May 2019.

Yachts sold 

In the past two years and a half, a total of 20 used 30-metres plus Sunseeker yachts were sold, with 11 of them sold in 2017 and seven in 2018. Only two used Sunseeker yacht sales have been reported during the second quarter of 2019.

Sunseeker yachts Used SalesPhoto: SuperYacht TimesIf we look at the used Sunseeker yachts sold in the last two years and a half, then they were on the market for an average of 495 days. For the total used fleet sold in the last two years and a half, this average stood at 643 days.

The 20 Sunseeker yachts sold in the last 2.5 years represented a total value of €140 million in terms of final asking prices. Their average last asking price was €7.4 million per yacht or €27,330 per GT. The largest Sunseeker yacht sold in this time period was the 47-metre Blush, now known as Arados, sold in July 2017, which was also the highest valued Sunseeker yacht for sale listed and sold, with a final asking price of £19,500,000. 

37m Sunseeker superyacht Moliver in CannesPhoto: Charl van Rooy / SuperYacht TimesTop 5 Sunseeker Yachts for Sale

The five largest Sunseeker yachts for sale right now are:

Elysium - 40.05m - 338GT - 2018 - £17,895,000 (£53k per GT)

Take 5 - 40.05m - 338GT - 2016 - $15,999,000 ($47k per GT)

Thumper - 40.05m - 338GT - 2014 - €11,970,000 (€35k per GT)

ZOZO - 40.05m - 338GT - 2016 - £11,950,000 (£35k per GT)

Anya - 40.05m - 341GT - 2015 - £10,750,000 (£32k per GT)

SuperYacht Times iQ is our live market intelligence system and our subscribers have live access to all this data and intelligence, as well as much more insight. If you are interested in a demonstration, then please contact us. Besides the online intelligence system, the new market report The State of Yachting 2019 is available for purchase.

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.


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