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77m explorer yacht Legend finds new owner

Market
Written by
Charl van Rooy

Y.CO today announced the sale of the 77.4-metre expedition motor yacht Legend while the firm also mentioned that the vessel has joined its charter fleet. Legend in AntarcticaPhoto: M/Y Legend

Built by the Dutch shipyard IHC Verschure in 1974 as an icebreaking tug, the 77.4-metre vessel Legend (ex:  Giant I) was converted into the world's first Class 1 icebreaker superyacht in 2003. Now a fully-fledged expedition superyacht, Legend was rebuilt by Icon Yachts in 2016 and features a lavish interior design by John Misiag and Shelley McNaughton, with exterior styling by Diana Yacht Design. Legend stern

On board, Legend accommodates up to 26 guests across 13 luxurious guest cabins, consisting of a grand master suite, two VIP suites, five double cabins and five twin cabins. A crew of up to 24 can also be accommodated on board as well as 10 expedition staff. Legend profie

With a single shaft powered by two 2500 Kw diesel engines, Legend has a max speed of 14.6 knots and a cruising speed of 10-11 knots, with a range of 7,500 nautical miles at cruising speed.

Market statistics courtesy of SuperYacht Times iQ

  • In 2018, Dutch-built yachts sold at an average asking price of €19,9m equivalent to €31,000 per GT
  • During 2018, yachts built between 1970 and 1980 sold at an average asking price of €3m equivalent to €5,9 per GT
  • In 2018, yachts in the 75-80-metre range sold at an average asking price of €67,5m or €33,900 per GT

Specific statistics courtesy of SuperYacht Times iQ

  • Yachts built in the Netherlands measuring around 77m sold at an average asking price of €67,5m or €33,900 per GT

Comparable sales courtesy of SuperYacht Times iQ

  • Wheels, a 2008 Oceanco 75m had a last asking price of €67,5m equivalent to €39.000 per GT
  • Saint Nicolas, a 2007 Lürssen 70m had a last asking price of €46,7m equivalent to €24,100 per GT
The SuperYacht Times iQ Report

The SuperYacht Times iQ 2018 Report

Our market report is the most complete in the business and provides in-depth analysis of the fleet by size range, the construction book, the market for new and used yachts for sale and the superyacht builders, as well as a detailed overview of superyacht ownership. It also gives the personal views of Merijn de Waard, company founder and long-term superyacht market analyst, on the state of the market.

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