Benetti Yachts Market Profile


Benetti Yachts Market Profile

Benetti is one of the most prolific superyacht builders in the world, having built 241 yachts over 30 meters (100’) to date. With A total length of 10,217 meters, which is an average length of 42.4 meters and an average volume of 456 gross tons (GT). In the past 10 years, the Italian company has completed a total of 107 superyachts and are expanding into the rarified “gigayacht” marketplace, with the launch of 3 yachts over 100m in 2019. This frenetic pace of activity is accomplished by building both a fiberglass semi-production series on “spec” and a more limited number of custom yachts (50m+) on both spec and to order.

Picture of yard in Livorno: photo credit Kevin Ralph @superyachtintel
Picture of yard in Livorno: photo credit Kevin Ralph @superyachtintel

Of the 237 30-metre-plus Benetti yachts in operation, there are currently 83 yachts for sale on the market, which is 35.0% of the Benetti fleet in operation. This is considerably higher in comparison to the market average of 23.1% for other builders. With an average length of 38.6m an average volume of 351GT, and an average year of 2006, reflecting Benetti’s longevity in the marketplace. These vessels have been on the market on average 700 days, with an average price currently at €9.567 million. However, this is skewed by the number of older yachts for sale.

When looking at the 30 yachts on the market, built by Benetti since 2010 there is an average of 38m and 335.3GT with an average asking price of €13,634 million or €41,000 per GT and an average time on market of 454 days, reflecting the more desirability of the newer boats.

The youngest Benetti yachts for sale are Botti and Perla from 2018, while the oldest is Happy Day from 1969.

New yachts coming on the market per year

In the last two years, between four and 17 used superyachts built by Benetti came on the market per quarter. The first quarter of 2017 and the first quarter of 2019 saw the highest number of Benetti yachts come to the market.

The most recent Benetti yacht to be listed for sale is Perla 132’which came on the market in July 2019.

Benetti Yachts Sold

Benetti yachts sold

*Data pulled from Superyachttimes.com

MINE GAMES yacht charter - profile-1

62m Benetti “Mine Games” – sold by Worth Avenue Yachts

Since Jan. 1st2017 a total of 55 used Benetti yachts were sold, with 22 yachts sold in both 2017 and 2018, and another two in the first quarter of 2019.

Used Benetti superyachts sold in the last two years were on the market for an average of 535 days, compared to the total used fleet sold in the last two years, whose average selling time is 656 days, so Benetti’s tend to sell quicker than average.

The 55 Benetti yachts sold in the last two years represented a total value of €510 million in terms of final asking prices. Their average last asking price was €11.46 million per yacht or €26,620 per GT. The largest Benetti yacht sold in this time period was the 69.2-metre Spectre, which was also the highest valued Benetti yacht to be sold, and had a final asking price of €65,000,000 (contact us for actual selling prices). During this time Worth Avenue Yachts has sold a number of used Benetti’s including two 120’ “Classics”, a 140’ “Fast” and a 62m custom.

During this same time period, Benetti sold  37 new vessels, of which 26 were sold “on spec”, 8 were new orders and 3 were re-sold in build. Worth Avenue Yachts has sold a number of new Benetti’s including:

“SeaSense” – new build 67m Benetti sold by Worth Avenue Yachts

The Best Values in the Benetti marketplace are:

Ambrosia – 65m – 1,639GT – 2006 – €45,000,000 (€27k per GT) (view specs)

Iman – 59m – 996GT – 2008 – €26,000,000 (€26k per GT). (view specs)

AE Cap d’Antibes – 56m – 879GT – 2007 – $18,900,000 ($22k per GT) (view specs)

“Checkmate”145’ 2012 hull #18 – several price reductions. New paint a year ago. Forward facing master suite. Asking $13,500,000 –   (view specs)

“Falcon II” 125’ 2015 great value in a late model 5 stateroom Benetti with only 1250hrs – asking €:9.9M (view specs)

 

“VAAO”121’ 2012 – contemporary interior – coming to Florida in Sept. €8,950,000 (view specs)

“Giorgia”120’ “Classic” 2009 – great value “zero speed stabilizers” €4,950,000 (view specs)

Categories



+ There are no comments

Add yours