Superyacht Auction - Apoise Sold for $46 million

The luxury 67m Lurssen superyacht Apoise has been sold to a UK bidder for a below market price sum of $46.6 million dollars at today's auction in Grand Cayman.

31 March 2010

The yacht was held at an unreserved auction today with bidders from all over the world arriving at the Ritz-Carlton or logging on to the Ritchie Bros. site in order to take part in the auction.

Apoise is a widely celebrated superyacht with a powerful and sophisticated design from Espen Oeino. Built in 2006 and benefitting from a refit in 2009, the superyacht offers style, comfort and performance.

Evidently the auction for this particular yacht has proved a great success for the buyer with the sale coming in way below the estimated worth of around $87,000,000, making a difference of $52,250,000 based on the net worth of 61m Lurssen superyacht Phoenix.

For those who sell a superyacht under the hammer, however, there is always a risk, especially in an unreserved auction. Today's bids failed to reach the estimated worth, generally, a loss can be incurred at auction with the added cost of the auctioneer commission on top. However, Stephen Branch from Ritchie Bros. auction has stated that the auction was a success "It was very good for us, the owner is extremely happy with the outcome".

Peter Bennett, Managing Director of Bluewater commented "If he had gone through a broker he would have certainly achieved considerably more than 34million, however a pleased buyer and happy seller was a good ending to this deal."

Buyers who acquire a superyacht for a greatly reduced price through auction will clearly see the immediate benefits but a superyacht should be a personal acquisition that requires great consideration.

However, Apoise will not disappoint as her palatial interior and powerful performance make her an extraordinary superyacht, ready to traverse the seas.