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2 I N T R O D U C T I O N US market boom home and away 47 per cent 23 per cent 99 per cent 47 PE R C E NT O F 23 PE R C E NT O F 99 PE R C E NT O F YAC HT S G LO BA L YAC HT SA LE S G LO BA L YAC HT SA LE S A BOV E 60 M E TR E S A R E A R E IN TH E U S A R E BU ILT IN THE U S BU ILT IN EU R O PE 80 metre market “WITH THE ARRIVAL OF SPRING, A NUMBER OF CLEAR PATTERNS SEEM TO BE EMERGING.” There is a lot of choice in the second hand yacht market. But whilst there is Launches over 80 metres. Is 2018 the high water mark? 8 6 9 14 12 5 2015 2016 2017 2018 2019 2020 (CURRENT EST) a wide range of yachts available across the size spectrum; there is less choice in the 70m plus range. To that end, we have seen a significant increase in new construction projects. Top north European shipyards have substantial order books and with a four-year construction time-span, demand is 5 x 100 metres ahead of supply. Indeed for the first time in almost a decade, certain yachts are attaining investment status but it very Strength of 100 metre launches set to continue in 2018. Oceanco Bravo 109 metres Feadship 1007 110 metres Lürssen Tis 111 metres Kleven Ulysses 2 116 metres Lürssen Thunder 135 metres SHIPYARD PROJECT NAME LENGTH much depends on where they are built. As ever, understanding the market and getting the pricing correct is key. Within Edmiston we have a strong focus on market data, which allows our brokers to give well-informed feedback that provides the quickest route to a sale. This combined with rapid reaction in this competitive market is all-important. Edmiston sales 2017 Total length of sales over 900 metres 34 Knots 50 metres 1914 ENIGMA SILENCIO MOONBEAM IV Fastest yacht Largest sailing Oldest classic over 50m sold yacht sold yacht sold Charter continues to be very strong. The best yachts are already getting booked and I would strongly urge clients wishing to get on board in the peak summer months to confirm plans early. Jamie Edmiston Chief Executive