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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.

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.