Four asks cut in three days, and a 2024 Azimut lost EUR 1m
Four cuts inside three days
The four are Fabulous Character, a 42.3-metre Holland Jachtbouw delivered in 2010, cut by USD 2.55m; Althea, a 48-metre Admiral from 2021, cut by EUR 2m to EUR 26.9m with VAT paid; Blue Eyes, a 37.6-metre Azimut Grande Trideck delivered in 2024, cut by EUR 1m; and Q.M., a 32.5-metre Numarine 32XP from 2019, also cut by EUR 1m. BOAT International reported all four between 28 and 30 July. The central agents are Andrew LeBuhn at Camper & Nicholsons, Bryan Somerset Mehut at Fraser, Adrian Soos at Ocean Independence and Alex G. Clarke at Denison Yachting. Four yards, four brokerage houses, four countries of build.
The proportions are more useful than the totals. On the figures BOAT International reports, Fabulous Character came off by 15.5 per cent, Q.M. by 9.5 per cent, Althea by 6.9 per cent and Blue Eyes by 5.9 per cent. Any one of those has an ordinary explanation a broker can give, and none of them is a distress number on its own. Four of them inside a single working week, and inside a single length band, is a different signal: the band is clearing its asking prices in public.
The two-year-old boat took a cut as well
Blue Eyes is the one to read first, because she is barely two years old. Azimut delivered her in 2024 on the Grande Trideck platform, with exterior lines by Alberto Mancini, an interior by Achille Salvagni and berths for twelve guests in six cabins. Adrian Soos of Ocean Independence describes her as ready to use, citing upgraded twin MTU engines, a fresh repaint and all warranty work completed. That is the easiest condition a brokerage boat can be in.
Which is why the EUR 1m matters. A two-year-old series yacht with nothing outstanding against it should be the last listing in the book that needs a discount, and the seller has taken one anyway. For anyone holding a recent Grande, a Custom Line or a comparable Italian tri-deck, the read-across is direct: the resale price of a nearly new production yacht is being set by the supply of other recent hulls, not by what the boat cost new. The premium a delivery slot used to carry over a used boat of the same model is thinning at exactly the length where it was widest.
The deepest cut went to the oldest hull
Fabulous Character took the largest reduction of the four at USD 2.55m, and she is also the oldest boat in the group. Holland Jachtbouw built her in aluminium in 2010 to a Langan Design Associates hull, with an interior by Rhoades Young, and she was refitted in 2018. She sleeps ten guests in five cabins. Camper & Nicholsons now asks USD 13.95m, down from USD 16.5m, and the yard's own brokerage page was still carrying the pre-cut figure days after the reduction was reported.
Sixteen years is not old for a Dutch custom build, and the pedigree argument is a real one: a hull of this kind was engineered to a standard that a series boat of the same length was not. She is also priced in dollars into a US buyer pool, against newer Italian and Turkish tonnage that offers more interior volume for the money. A 15.5 per cent reduction is roughly what it now costs to keep a boat of that age and provenance in the conversation. Owners of similar-vintage custom builds should file it as a marker, not as an outlier.
What an owner should take from a week like this
The band from roughly 30 to 50 metres holds the largest share of the brokerage fleet, which is why four cuts inside it in three days carry more information than one dramatic reduction on a 90-metre. Althea shows the other half of the picture. She is a 2021 Admiral of 499GT, RINA classed and aluminium built, refitted at Monaco Marine across 2024 and 2025, VAT paid, and on only her second ownership since delivery, having last changed hands in June 2024. Fraser has taken EUR 2m off her, to EUR 26.9m.
A VAT-paid, freshly refitted boat with a short ownership history is meant to be the strong listing in its size class, and it moved on price too. For an owner deciding whether to sell this autumn or wait, the pattern is that sellers across the band are choosing to move the number rather than sit on it, and buyers appear to be waiting for precisely that. A boat going to market now will be tested against four fresh comparables that have already come down. A boat being bought now has four reductions to argue from, and they set the floor of the negotiation rather than the ceiling.