Fraser welcomes ‘summer rebound’ for superyachts

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Forwin, a Sanlorenzo 46Steel, is listed for sale by Fraser in Hong Kong

Raphael Sauleau, CEO of global brokerage house Fraser, has provided insight on the latest data provided by Fraser’s in-house Market Intelligence department, which showed a strong first quarter and signs of a summer rebound alleviating the effects of the Covid-19 lockdown.

“In the first two months of this year, 33 per cent more superyacht sales were closed than during the same period in 2019. Transactions slowed throughout March and April, but picked up worldwide from May, with June and July surpassing 2019 demand,” Sauleau said.

“As clients realise the benefits yacht ownership offers today in terms of having their own space to escape to and enjoy with greater flexibility, we see the number of sales in the 40m-and-below sector now outpacing even last year’s results and sales overall tracking at just seven per cent behind 2019 levels, with the US market marginally leading the return.

“Among our own clients, about 20-30 per cent decided that this year was the right time to buy, having previously hesitated for years,” the Frenchman concluded.

Fraser is represented by Asiamarine in Hong Kong and Thailand.