PRESTIGE YACHT AUCTION MONACO / ANTIBES26 Mar 2013, by Yachting in
Exceptional location and organization
The event will be administered by one of France’s leading auctioneers, Cornette de Saint-Cyr, highly established in the world of ‘objets d’art’. Within a marketplace crowded with motivated sellers Morley Yachts has brought together a selection of over 40 of the most exciting vessels available today to go under the hammer.
Something for everyone
With some exceptionally low reserve prices attached this will be an ideal location for savvy buyers. Each yacht has unique characteristics with some boasting interesting histories. Some are designed to get from Cannes to St Tropez in less than 40 minutes; whilst others were designed to circumnavigate the globe. The catalogue makes for interesting reading, and anybody who enjoys spending time on the water is likely to find something that takes his or her fancy.
Redefining yacht auctions
“There is no reason why a yacht auction can’t be every bit as sophisticated as an art auction,” Morley insists. “The format will be very similar, with the potential buyers given the opportunity to review the boats in detail prior to the event.”
Ideal time to strike a good deal
The date of the auction, towards the end of April, has been carefully selected to enable the formalities of buying the boat to be completed in time to enjoy it this summer. The location is intriguing, with a primary venue in the VIP tent of the Antibes Yacht Show where some of the yachts in the auction will be available to view. There will be a welcome cocktail and the bidding action starts at 3.20pm. The event will be televised and broadcast live to a second location overlooking the port of Monaco, where people will be able to enter telephone bids on any of the lots. Entry is by invitation only, and people must register beforehand to be allowed to bid.
A VIP experience
Monaco is home to several of the yachts in the auction, as well as a convenient and more private venue preferred by some of the prospective buyers, with no access granted to the media. For those wanting to make it a weekend of excitement, Morley Yachts can provide some VIP tickets to the sold-‐out final of the Monte Carlo Rolex Tennis Open the following day.
Time is short to view the vessels in advance of the auction, so anybody interested in this should check the selection of boats and yachts to be sold on the website www.prestigeyachtauction.com/view-‐lots. Those interested must contact the organiser, Morley Yachts, without delay to arrange to view the yachts or powerboats that appeal to them. An inspection is the best way to understand a yacht’s characteristics, and in some cases it may be possible to test the yacht in a Sea Trial. At least one of the yachts is in Florida, and others in Tunisia and Cyprus, so buyers should not leave it until the last minute to call.
Buyer beware? Not in this case, as the yachts sold at this auction are almost all sold
‘subject to survey’. The winning bidders at the auction will have the chance to subsequently have an expert surveyor of their choice conduct a thorough check of the vessel prior to completion. If there is a significant problem found with the yacht, then there is provision in the contract for renegotiating the price, should the seller not agree to put it right.
Info & registration at:
Tim Morley of Morley Yachts
Telephone: +377 6 80 86 30 91