Cantiere delle Marche's Stellamar Takes a EUR1m Cut to EUR16.5m

A Second Cut in Eight Months

Stellamar, the 35-metre explorer yacht built by Cantiere delle Marche, dropped EUR1,000,000 in asking price on 18 August 2026, according to Boat International's brokerage desk. The new figure is EUR16,499,000, down from EUR17,499,000, a price that itself followed an earlier EUR500,000 cut in January 2026. Listing broker FGI Yacht Group, represented by Frank Grzeszczak Jr. and Ale Navarro, confirmed the reduction. YachtBuyer's own listing corroborates the new price and places the yacht in Newport, Rhode Island, meaning she has crossed the Atlantic since her most recent Mediterranean sighting.

Two cuts inside eight months take EUR1,500,000, or roughly 8 per cent, off the original ask. That is a modest slide by the standards of a soft resale year for 30-to-40-metre motoryachts, and well short of the 15-to-20 per cent reductions seen on some planing designs from the same period. It is still the number a buyer will point to first in any negotiation, and the pattern, first a small trim, then a larger one eight months later, reads as a seller testing the market's ceiling before accepting where the floor actually is.

The RJ115, Cantiere delle Marche's Best-Known Explorer

Stellamar is a Cantiere delle Marche RJ Class 115', the second of two hulls built to that design; her sister ship Pazienza has already sold. The RJ line runs from 102 feet to 155 feet and is the Ancona yard's flagship explorer range, steel-hulled with an aluminium superstructure, aimed at owners who want genuine range and a full-displacement ride rather than a planing motoryacht's top speed. Delivered in 2023, Stellamar went on to win her category at both the 2023 World Yachts Trophies and the 2024 World Superyacht Awards.

The World Superyacht Awards judges cited her specifically for long-range capability, exceptional engineering and stylish Italian design, and the design credit backs that up: naval architecture by Hydro Tec, with Francesco Paszkowski Design responsible for both the exterior lines and the interior, working with Margherita Casprini on the interior detailing. It is the same naval-architecture and design pairing behind several other CdM explorer hulls, which is part of why the yard's resale values have tended to hold better than average for the segment.

The Numbers Behind the Range Claim

The headline explorer figure is 5,000-plus nautical miles at a 10-knot cruise, drawn from a fuel capacity of 45,530 litres and twin Caterpillar C18 ACERT engines rated at 715hp (533kW) each, for a top speed of 13.2 knots. That is a genuine ocean-crossing range on a 35-metre hull, roughly double what a planing motoryacht of the same length carries, and it is the reason an explorer buyer accepts a lower top speed in exchange. Beam is 7.5 metres and draught 2.3 metres, both moderate for the type and shallow enough for anchorages a deeper-draught yacht would have to skip.

At 299 gross tons, Stellamar carries more enclosed volume than her 35-metre length alone would suggest, a function of the RJ hull's full-beam superstructure running further forward than a planing design's. She sleeps 10 guests across five staterooms, with two further convertible berths bringing capacity to 12 when needed, and carries a crew of seven. None of the figures above come with an independent sea trial or survey report attached to the current listing; every number published is the yard's and the broker's own, which is standard for a private brokerage sale but worth a buyer's own verification before an offer is made.

Life Aboard

The interior favours natural materials over the high-gloss look common on planing motoryachts of the same size: driftwood and stone coffee tables, marble-topped surfaces and warm timber flooring run through the main salon and the owner's suite alike, a look Paszkowski's team has described as tailored to the owning family's own brief rather than a stock finish. A glass art installation lit from within runs alongside the internal staircase between decks, one of the few overtly decorative gestures in an otherwise restrained interior. The full-beam master suite carries the same book-matched marble into its bathroom, down to a bath towel monogrammed with the yacht's name beside a freestanding tub.

Outside, the RJ115's signature feature is a crane for the tender and water toys hidden inside the sun deck overhang, which keeps the sun deck itself clear of visible machinery, an unusual solution at this size. The lower-deck swim platform folds down into a proper beach club, with fins, a Seabob and personal watercraft stowed either side of the garage hatch rather than crammed onto the platform itself. The sun deck and main-deck aft area both carry full dining and lounge furniture, giving the boat two genuinely separate outdoor entertaining spaces rather than one large one split by a staircase.

What This Means for a Buyer Right Now

For a buyer comparing Stellamar against a used planing motoryacht of similar length and age, the EUR16.5m ask now sits closer to that comparison set than it did in January, without giving up the range, the shallower draught or the awards pedigree. The RJ115's main practical weakness next to a planing rival is speed: 13.2 knots flat out is slow for a yacht this size, which matters for an owner who wants to cover ground quickly between anchorages rather than cruise long distances at a steady pace. A 299GT interior on a 35-metre steel hull also narrows the buyer pool relative to a composite planing yacht of the same length, since resale liquidity for explorer designs remains thinner across the wider brokerage market.

What is not published is any independent account of how Stellamar has performed in three years of ownership: no charter history, no owner interview and no third-party sea trial appear in any of the current listings, which is unremarkable for a privately used yacht of this kind but means a prospective buyer is relying entirely on yard and broker figures until their own survey is done. Given the two-step price history, the more useful number for a serious buyer is not the EUR16,499,000 ask itself but how quickly, if at all, FGI Yacht Group moves it again before the year is out.