Neninka, a 67.6m Amels, sells in six weeks against an EUR 85m ask
A 67.6m Amels sold in six weeks
Burgess announced on 30 July that it had sold Neninka, a 67.6-metre Amels delivered in 2019. The deal was concluded in house: Rupert Nelson and John St Hill acted for the seller, Tim Vickers for the buyer. Burgess said the yacht had been on the market for six weeks. Neither party disclosed the price paid.
BOAT International reported the asking price at EUR 85 million. That figure now becomes the reference point for a late-model Amels of this size, whatever the closing number turned out to be. Six weeks is quick for a hull carrying that ask. Above 60 metres, a listing that runs twelve months without a serious offer is closer to the pattern, and several this season have run longer than that.
The only 220 the yard built
Neninka is a one-off. She is the only Limited Editions 220 Amels built, a stretched development of the yard's 212 platform, and she began as a speculative hull under the project name Waka before being named Aurora Borealis. Delivery came in July 2019. Tim Heywood drew the exterior, Winch Design did the interior, and Amels handled the naval architecture in house.
She measures 1,518 gross tonnes on a 12.28-metre beam, with a steel hull and an aluminium superstructure. Accommodation is for 14 guests across seven cabins. Twin Caterpillar diesels drive a full-displacement hull fitted with an energy recovery system. The stern is the selling point: a 65-square-metre swim platform and beach club, with garage space for two 8-metre tenders.
The rest of the summer has been cutting
The rest of the summer's brokerage news has run the other way. Luna, the 90-metre Oceanco, came off EUR 10 million and now asks EUR 208 million. Calypso, a 62-metre Amels, is out at EUR 29.5 million against the EUR 40 million she carried in 2023. Lemon Tree is asking EUR 62 million. Those boats are moving their price to find the buyer.
Neninka did not. She was listed, priced and gone inside six weeks, with no public reduction along the way. For an owner reading the market as an asset class, that is the more useful data point. The top of the fleet is not uniformly slow. It is selective, and the selection is being made quickly when the boat and the number line up.
What a known platform is worth at resale
Brokers have a straightforward explanation for why a hull like this clears. A Limited Editions Amels is a known quantity: the platform has been built repeatedly, the engineering is documented, and a surveyor can price the risk in days rather than weeks. Refit costs are predictable because sister hulls have already been through the same yard periods. A buyer is not underwriting a prototype.
A full-custom one-off carries the opposite profile. It was built to one owner's brief, and the second owner inherits every decision in it, including the ones that suited nobody else. That is where the discounts appear. It is also why the sale of a series hull at a large number says more about market depth than a headline cut on a custom yacht says about weakness.
The number a seller should take from this
The figure to take from 30 July is six weeks, not EUR 85 million. Time on market is the variable an owner actually controls, and it is set almost entirely at the moment the yacht is listed. A yacht that opens above the market spends its first season teaching buyers to wait for the reduction. By the time the price is right, the listing carries a history.
Monaco in September is the next test. The show gives listings in the 60 to 80 metre band their widest audience of the year, and time on market is the figure brokers will be comparing afterwards. If more boats in this band start clearing in weeks rather than seasons, the sellers still anchored to 2022 valuations will have a decision to make before the winter listings refresh.