Two Feadships in Four Months: What the W and SAMADHI Sales Show About the 60-Meter Market
Between December 2025 and March 2026, Worth Avenue Yachts closed two Feadships. The 57.61-metre W in December. The 60.96-metre SAMADHI in March. Combined last published asking prices: $86,277,441.
Both transactions are recorded to founding partner Michael Mahan in the firm’s Palm Beach office.
Two yachts of that size in four months is unusual for one broker. What happened inside the two deals is more interesting than the headline, because it points to how the largest end of the brokerage market is clearing right now.
|
W
|
SAMADHI
|
|
|---|---|---|
|
Builder
|
Feadship
|
Feadship
|
|
Length
|
57.61 m / 189 ft
|
60.96 m / 200 ft
|
|
Build year
|
2013
|
2006
|
|
Listed
|
2 October 2025
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19 December 2025
|
|
Closed
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18 December 2025
|
11 March 2026
|
|
Days on market
|
77
|
82
|
|
Last published asking price
|
$40,277,441
|
$46,000,000
|
|
Worth Avenue Yachts broker
|
Michael Mahan
|
Michael Mahan
|
*Closing prices are confidential, as they are on most transactions at this size.
Large yachts are not slow yachts anymore
W closed in 77 days. SAMADHI closed in 82. For yachts asking above $40 million, that pace would have looked improbable a decade ago, when a 60-metre listing could sit for two or three years. Two deals do not make a trend. They do show that the buyer pool at this size is smaller, better informed and quicker to move than the one most owners picture when they list.
Time on market is a pricing signal, not a marketing one
Both of these yachts moved in under three months. Nothing about the marketing of a 60-metre Feadship explains that. Pricing does. At this size, buyers already know the boat. They have seen it at shows, heard about it from a captain, or looked at it two owners ago. What they are waiting for is a number that makes sense against what has actually closed. When that number appears, the deal moves quickly. When it does not, the listing ages, and an aged listing becomes its own argument for a lower price.
Build year matters less than condition and pedigree
SAMADHI is a 2006 build. W is a 2013 build. SAMADHI carried the higher asking price of the two, by close to $6 million. A well-kept Feadship does not date the way a production yacht does. Buyers at this level look at build quality, refit history and running condition before they look at the year on the paperwork.
Worth Avenue Yachts records name Michael Mahan on 43 completed transactions between December 2018 and July 2026. Within those records:
- 29 yachts measured 100 feet or more
- 15 measured 40 metres or more
- 9 measured 50 metres or more
- 3 measured 60 metres or more
- Six Feadship transactions, six Westport transactions and five Benetti transactions
- More than $440 million in last published asking prices
The largest yacht in that record by length is the 65.23-metre Codecasa DOUBLE DOWN, closed in February 2024. Yachts by Newcastle, Oceanfast, Palmer Johnson, Richmond and Trinity also appear.
Four of the 43 transactions involve the same group of client entities, across 2022 to 2026. Repeat business at this level is the part of a record that takes longest to build.
Three questions are worth asking before a 40-metre-plus listing goes live.
- What is the yacht actually worth today? Not the insured value, and not what a similar hull asked three years ago. What comparable yachts of that size and builder have closed for in the last 18 months. Your broker should hold those figures, even though none of them are public.
- Who are the ten or fifteen people who could buy it? At 60 metres, that is roughly the size of the real buyer pool. A broker who cannot name most of them is running an advertisement, not a campaign.
- What does the yacht need before it is shown? Survey items and deferred maintenance come out of the price with interest. The work is almost always cheaper than the deduction.
How long does it take to sell a 60-metre yacht? It depends almost entirely on price. The two Feadships above closed in 77 and 82 days. Yachts of this size priced above the market routinely stay listed for more than two years.
Are large yacht sale prices public? Rarely, and for good reason. Published closing prices affect the value of every comparable yacht still on the market, so most owners and brokerages keep them confidential. Asking prices are public. A broker working at this size should still be able to advise you from closed comparables they hold privately.
Who sells large Feadships in Florida? Only a handful of brokers transact Feadships regularly. Worth Avenue Yachts records show six Feadship transactions for founding partner Michael Mahan out of the Palm Beach office, including SAMADHI at 60.96 metres, W at 57.61 metres, HAMPSHIRE I at 56.39 metres, BROADWATER at 55.47 metres and RASSELAS at 51.82 metres.
Does an older Feadship hold its value? These two transactions suggest build quality and condition carry more weight than age. The 2006 SAMADHI asked close to $6 million more than the 2013 W, and closed in a comparable number of days.
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Worth Avenue Yachts handles brokerage, acquisitions and new construction from offices in Palm Beach, Fort Lauderdale, Newport, Chesapeake, Seattle, San Diego, Monaco and Geneva.
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