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

Market
Written by
Ralph Dazert

Westport is one of the top superyacht builders in the world, having built 129 yachts over 30 metres so far. These yachts have a total length of 4,858 metres, an average length of 37.7 metres and an average volume of 273.4 gross tons (GT). In the past 10 years, the company has completed a total of 53 superyachts.

W Westport 130

Used Market

Of the 128 30-metre plus Westport yachts in operation, there are currently 26 yachts for sale on the market, which is 20.3% of the Westport fleet in operation. This is lower than the market average of 23.0%. The total combined length of the Westport yachts for sale is 924 metres, with an average length of 35.5 metres and an average volume of 235.5 GT.

The average price of a yacht on the used Westport yacht market right now is €7.9 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 eight yachts, they have an average price per GT of €47,000 per GT.

On average, the 26 Westport yachts for sale have been on the market for 449 days and have an average age of 12 years. The youngest Westport yacht for sale is Pepper XIII from 2018, while the oldest is Bac O Booc from 1987.

Pepper XIII yacht by Westport Photo: Westport Yachts

New yachts coming on the market per year

In the last two years, between 3 and 8 used superyachts built by Westport came on the market per quarter. The fourth quarter of 2017 saw the highest number of Westport yachts come to the market.Westport used yachts new to market graphPhoto: SuperYacht TimesThe most recent Westport yacht to be listed is I Got This which came on the market in June 2019.Westport 112Yachts sold 

In the past two years, a total of 30 used Westport yachts were sold, with 14 yachts sold in 2017, 13 in 2018, and another three in the first quarter of 2019.Westport used yacht sales graphPhoto: SuperYacht TimesIf we look at the used Westport superyachts sold in the last two years, they were on the market for an average of 269 days. For the total used fleet sold in the last two years, this average stood at 612 days.

The 30 Westport yachts sold in the last two years represented a total value of €180 million in terms of final asking prices. Their average last asking price was €7.5 million per yacht or €29,630 per GT. The largest Westport yacht sold in this time period was the 49.71-metre Hospitality, which had a final asking price of $25,900,000 (€24,280,000).Annastar Westport 164Top 5 Westport Yachts for Sale

The five largest Westport yachts for sale right now are:

Next Chapter - 39.6m - 334 GT - 2016 - $20,900,000 ($63k per GT)

W - 39.6m - 333 GT - 2013 - $16,995,000 ($51k per GT)

Aphrodite - 39.6m - 333 GT - 2009 - $15,495,000 ($47k per GT)

Plan A - 39.6m - 333 GT - 2006 - $9,950,000 ($30k per GT)

Amitie - 39.6m - 307 GT - 2008 - $10,500,000 ($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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