Big boat valuations rose in 2011
January 26, 2012
Filed under News
FORT LAUDERDALE – While unit sales of brokerage boats as recorded through SoldBoats.com were down 3 percent in 2011 compared to 2010, valuations were up 3 percent, said Ian Atkins, vice president of YachtWorld.com, during a state of the industry address delivered Tuesday at Yacht Brokerage University Fort Lauderdale.
The one-day event, presented through a partnership between YachtWorld.com and the Florida Yacht Brokers Association, took place at the Hyatt Pier 66.
In 2011, the bigger the boat, the stronger the sales increase, reported Atkins. In addition, bigger boats generated stronger year-over-year increases in value. For example, valuations of boats under 45 feet in length were down 4 percent in 2011, while boats over 45 feet in length were up 12 percent.
It’s no surprise then that superyacht unit sales were up 10 percent in 2011, while valuation in this segment was up 54 percent, according to Atkins.
For Atkin’s entire presentation, including trends in consumer behavior online, click here to download it.
