4Leon's Custom Line Navetta 33 Sells at EUR 10.39m Asking

What did 4Leon sell for and who brokered it?

4Leon, a 2020 Custom Line Navetta 33, sold on 21 August 2026 through Northrop and Johnson, whose Ed Dickinson represented the buyer, against a last published asking price of EUR 10,390,000.

Northrop and Johnson confirmed the sale on 21 August, with Ed Dickinson acting for the buyer. As is standard brokerage practice, the firm did not disclose the closing price; the EUR 10,390,000 figure is the yacht's last published asking price, the number buyers were shown before terms were agreed privately. The hull was built in 2020 by Custom Line, the semi-custom yacht brand of Ferretti Group, and had logged only around 1,900 engine hours by the time of the sale, a light figure for a six-year-old yacht that suggests limited annual use.

The listing history shows a boat kept for private use rather than commercial return: 4Leon was never put into charter, according to the sales listings that carried her to market. That matters to a buyer weighing a used yacht against a new order, because a charter yacht of the same age typically carries more engine hours, more wear on soft furnishings and a maintenance history shaped by guest turnover rather than an owner's own routine. A never-chartered hull with under 2,000 hours sits close to the depreciation curve of a yacht bought and used lightly, not run hard for revenue.

What is the Custom Line Navetta 33 and where does it sit in Ferretti's range?

The Navetta 33 is Custom Line's full-displacement, long-range model, built for efficient cruising rather than outright speed, and 4Leon is a standard example at 262 GT with five ensuite cabins.

Custom Line is Ferretti Group's line for owners who want more customisation than the volume-built Ferretti and Riva ranges but do not want to commission a fully bespoke project. The Navetta 33 measures 33 metres (108ft) with a beam of 7.68 metres and a draught of 2.18 metres, built in GRP with a teak deck across three decks and coming in at 262 GT. 4Leon carries five cabins, each with its own en-suite bathroom, for up to ten guests, plus an additional helm station on the sundeck that lets the yacht be conned from the top deck in calm conditions.

Power comes from twin MAN diesel engines giving a top speed of 15 knots and a cruising speed of 12 knots, with a maximum range of 1,850 nautical miles at 10 knots. Those numbers place the Navetta 33 in the displacement-hull category rather than against the 20-knot-plus planing motoryachts common at this length: the model trades outright speed for range and fuel efficiency, a specification that suits an owner planning long passages, such as an Atlantic crossing or an extended Mediterranean season, over one built mainly for short hops between marinas.

Where was 4Leon based, and what does that say about the sale?

4Leon was marketed out of Athens, placing the sale inside a Greek and eastern Mediterranean brokerage market that has been unusually active through 2026 alongside Italy's.

4Leon's listings show her based in Athens, Greece, a marketing point rather than a technicality: Greece has become one of the busier eastern Mediterranean charter and brokerage bases as owners spread their cruising grounds beyond the traditional French and Italian Rivieras. A 33-metre displacement yacht based there suits an owner who wants easy access to the Aegean and the Ionian, and onward to Turkey, without the congestion of Antibes or Porto Cervo in peak season.

The sale also lands during a period when brokers report thinner but steadier activity across the segment: fewer speculative listings, but buyers who show up ready to close once a boat with the right combination of low hours, private-use history and a recognised builder appears. A Ferretti Group-built hull with a clean, never-chartered history is exactly the profile brokers describe as moving fastest in the current market, ahead of yachts with heavier charter wear or unclear maintenance records.

What information about the 4Leon sale is not public?

The closing price, the buyer's identity and 4Leon's original asking price when she first came to market are all withheld under standard brokerage confidentiality.

Brokerage sales in this segment are rarely fully transparent. Northrop and Johnson's announcement named the buyer's broker but not the buyer, and did not confirm whether the closing price matched, beat or came in under the EUR 10,390,000 last ask. Denison Yacht Sales, which also carried 4Leon to market, shows the same last-asking figure but no earlier price history, so it is not possible from public listings to say how much, if any, the price moved between when the yacht was first offered and when she sold.

That gap is normal in the brokerage trade, and it is also the reason a single sale should be read as one data point rather than a market index. What is verifiable is the last asking price, the broker, the date and the yacht's specification; what is not is the true clearing price, the number that would actually confirm whether the Navetta 33 is holding its value or softening like parts of the wider 30-to-40-metre segment reported through the summer.

How is Custom Line performing while other Italian yards face distress?

The 4Leon sale lands the same week Italy's other major yacht group, The Italian Sea Group, remains under court-supervised creditor protection, underlining how uneven fortunes are across Italian yacht building even within one country.

Ferretti Group, Custom Line's parent, is publicly listed in Hong Kong and Milan and has continued reporting order intake across its brands through 2026, with Custom Line positioned as one of the group's faster-growing semi-custom lines by unit volume. A resale like 4Leon, moving at what appears to be close to its last asking price after roughly six years and under 2,000 hours of use, is a small but concrete signal that the brand's older hulls are still finding buyers at prices near where sellers list them, rather than sitting on the market or being marked down heavily to move.

That is not the story at every Italian yard this year. The Italian Sea Group, owner of Admiral, Tecnomar, Perini Navi and Picchiotti, has been operating under Court of Florence creditor protection through most of 2026 while it restructures, and Baglietto's confirmed interest in TISG's La Spezia site made news the same week as the 4Leon sale. For an owner or a buyer comparing Italian builders, the two stories together are a reminder that group size and brand recognition are not currently protecting every yard equally, and due diligence on a builder's financial position is worth as much attention as the hull specification.