Feadship's Resale Arm Relists Kassandra, 1989, at EUR 9.9m

Why is Kassandra being sold through Feadship itself rather than a broker alone?

Kassandra is listed by Feadship Resale, the yard's own division for owners selling used Feadships, in joint central agency with Dimitris Kalafatis of the Athens brokerage Flagship Yachts, giving a 37-year-old hull the same builder access and technical archive a new-build client gets.

Feadship Resale announced the listing on 7 September 2026 from its Hoofddorp headquarters, naming Kassandra - Feadship hull number 756, 47.50 metres, delivered in 1989 - as the newest addition to its portfolio. The division was set up in 2024 specifically so that a Feadship changing hands keeps the yard's own knowledge attached to it: the build files, the systems history and the people who worked on the boat, rather than that continuity ending the moment the original owner sells. The joint agency structure pairs that archive with Kalafatis's presence in the Mediterranean, where Kassandra is based and where most of her likely buyers already charter or own.

The arrangement matters to an owner of an older yacht because a resale outside the builder's own channel usually means a buyer's surveyor has to reconstruct the boat's history from whatever paperwork the seller kept. Feadship Resale removes that gap for its own fleet: the yard that built Kassandra in 1989 and can speak directly to what has and has not been touched since, backed by SuperYacht Times' independent confirmation of the listing and its EUR 9,900,000 asking price the same week.

What does Kassandra offer for EUR 9.9m?

Kassandra sleeps twelve guests across seven staterooms, including a full-beam owner's suite on the main deck, on a full-displacement steel hull that came through a 2022 refit covering both major technical systems and the interior.

The accommodation plan is generous for her size class: twelve guests across seven cabins - one master, one VIP, three doubles, two twins and a single - headlined by a full-beam main-deck owner's suite and a further full-beam VIP, a layout more usually found on newer tonnage where main-deck real estate is designed in from the start rather than adapted. At 480 GT on a 47.50-metre length with an 8.6-metre beam and a 2.89-metre draft, she carries an 11-person crew and outdoor guest space across four decks. Her exterior came from De Voogt Naval Architects, Feadship's own design office, and the interior from Luigi Sturchio, with propulsion from twin Caterpillar 3516 TA diesels giving a 16-knot top speed and a 14.5-knot cruise, modest by the standard of a new-build 47-metre but standard for a full-displacement steel hull of her generation, which trades top speed for range and a quieter, steadier ride at sea.

The 2022 refit is doing most of the work in that EUR 9.9m figure. Feadship's own announcement describes 'major technical upgrades as well as extensive work to her interior,' after which Kassandra went into the charter market and built a track record there before this relisting - evidence, beyond the yard's word, that the refit held up under paying guests rather than just looking finished for a sale listing. Her charter inventory lists a genuine water-toy locker rather than a token one - two paddleboards, a jet ski, canoes, inflatable tubes and a towable, waterskis for adults and children, and snorkelling and fishing gear - the kind of list a charter broker checks before booking a family week, and one more sign the 2022 work extended to how she is actually used at sea, not only how she looks at the dock. Neither Feadship nor Flagship Yachts has published a refit cost or an independent survey report alongside the listing.

What does a factory resale program actually change for an owner?

Feadship Resale gives owners of ageing Feadships a sales channel backed by the yard that built the boat rather than only a brokerage's own listing, and its track record since 2024 - Somnium, Samadhi, Graycliffs and W among its completed sales - shows the model working across the fleet, not just as a one-off pilot.

Arjen van Elk, who runs Feadship Resale, has framed the division's premise plainly: the builder's relationship with a yacht does not end at delivery, and the archive, craftsmen and engineers behind the original build are worth putting back to work when that yacht changes hands. Kassandra is the latest of a growing list - Feadship's own press record shows completed sales of Somnium, Samadhi and Graycliffs, plus the December 2025 sale of W, in the division's first full year of operation. That the yard chose to launch the arm only in 2024, decades into building the fleet it is now reselling, reads as Feadship treating its large installed base of yachts under other owners as worth serving directly, rather than leaving that relationship entirely to brokers once a boat first leaves the yard.

For an owner deciding how to sell, or where to buy, the practical difference is documentation and continuity rather than price alone: Feadship Resale is not pricing Kassandra above what an independent broker would ask, but it is the only channel that can hand a buyer the yard's own record of what has been changed since 1989 without a third party reconstructing it after the fact. That is a narrower claim than 'holds its value better,' and it is the one Feadship is actually making.

Is EUR 9.9m a reasonable price for a 1989 Feadship this size?

At EUR 9.9m for 47.5 metres and a comprehensive 2022 refit, Kassandra prices above two other classic Feadships that came to market in late 2025 - the smaller 41.7-metre Gin Tonic (1981) at EUR 4.5m and the 38.4-metre Calypso (1978) at USD 9,995,000 after its own year-long refit - a gap that tracks her larger size and newer, more recent refit rather than representing an outlier for the bracket.

Gin Tonic, listed in December 2025 through BOAT International's brokerage pages, is six metres shorter, eight years older in build and asking under half of Kassandra's price, with updates described only as 'recently updated' interiors and a refitted sundeck rather than a full systems overhaul. Calypso, relisted in November 2025 after a 'meticulous, multi-million-dollar' twelve-month refit that included hull re-fairing, new transom doors and engine work, comes closest to Kassandra's asking price at just under USD 10m despite being nine metres shorter and eleven years older - evidence that a documented, recent refit moves the needle on a classic Feadship's price more than raw age or length alone.

None of the three listings discloses an independent survey or a verified refit invoice total, which is the gap a buyer's own surveyor still has to close regardless of which channel sold the boat. What the comparison does establish is that Kassandra's EUR 9.9m is priced consistently with, not apart from, the current market for well-documented classic Feadships in the 38 to 48-metre range, and that within that range the size of the refit spend appears to matter to asking price at least as much as the size of the hull itself.