Burgess Leads Industry with Record-Breaking Year in Superyacht Sales

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Burgess, the superyacht leader, once again enjoyed a rise in yacht sales for its fourth consecutive year with total asking price of sales achieved reaching close to half a billion Euros.

Burgess, the superyacht leader, once again enjoyed a rise in yacht sales for its fourth consecutive year with total asking price of sales achieved reaching close to half a billion Euros. This all-time record performance was greater than any other brokerage firm in 2012 globally. Vessels sold by Burgess last year averaged a fraction under 50 metres (164-feet) in length with an average asking price of around 21 million Euros (US$28,759,500). Burgess continues to sell the majority of yachts in the over 55 metres (180-feet) space worldwide, last year accounting for almost 60 percent of the market and in many cases representing both buyer and seller.

Burgess CEO Jonathan Beckett noted, “The true test of a brokerage firm is how it performs for both buyers and sellers when conditions are difficult. Burgess has been quick to respond to the realities of the adjusted marketplace. While inventory is growing, buyers remain hesitant, putting pressure on prices across all size categories. It is testament to the talents and hard work of our experienced professionals and the strong relationships they have built with clients over many years that Burgess is able to report a record year in 2012.”

Last year also proved to be a record year for Burgess in new construction. The company’s Technical Consultancy Services division completed the delivery of a 96m (314-feet) custom project, the largest yacht ever to be built in the UK, in addition to signing a 110m (360-feet) new-build motor yacht at Oceanco, the largest megayacht ever to be commissioned in Holland.

On the state of the industry, Burgess’ Director of Marketing & Communications Alev Karagulle comments, “At the beginning of the financial crisis, luxury trend commentators were quick to pronounce the end of superyachting, but the industry has proved its resilience even in the face of extreme economic turmoil. There are still buyers with the appetite to go yachting and serious sellers are more in tune with the new market dynamics. A recent return to confidence has even spurred on a surge of new builds in the over 70m bracket (Burgess has five in progress, three of which are over 100m).”

Founded in 1975 with ten international offices, BURGESS is the global superyacht industry leader, uniquely specializing in yachts of over 130-feet. Renowned for its professional yachting services, the company leverages its expertise to guide clients through every aspect of the yachting experience, including sale and purchase, technical consultancy services, charter and operational management. Burgess has been involved in the sale of many of the world’s most significant yachts and is currently managing the construction of a diverse spectrum of superyachts. The superyacht credentials of Burgess are unmatched in the industry, ensuring that clients enjoy the highest levels of customer service. More information on Burgess can be found at http://www.burgessyachts.com.

Media contact:        
DNDPR                  
Teresa Delaney, Teresa(at)dndpr.com or 917-670-5674             
Nichole DiBenedetto, Nichole(at)dndpr.com or 646-708-6996

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