Online Yacht Auction Platform

September 2018 News Boathouse Auctions

As the 2018 fall boat show season kicks off, Boathouse Auctions, Inc., proudly announced the launch of its yacht auction platform focused exclusively on high-quality vessels.

According to YachtWorld, the world’s largest yacht multiple listing website, average days on market for high-quality vessels often approaches and sometimes exceeds a year. This number rises sharply as vessel size increases. A recent YachtWorld Market Index reported vessels 46’ and larger averaged one year or more on the market, with 80’+ sailing vessels topping the chart at 867 days.

“Whether it’s a client focused on the time value of money or alternative uses of capital,” said Jack Mahoney, co-founder of Boathouse Auctions, “or one with a life change, or an eye on a new vessel, owners of high-quality yachts facing a journey longer than desired have a dilemma – they’re faced with further price reductions or more hope.” 

“Our premise is straightforward: if an owner knows their bottom line, as they typically do, why not bid the price up from there?” said Peter Amos, co-founder at Boathouse Auctions. “Rather than chasing a market in hopes of finding a single prospective buyer over a long period of time in a process that could have little urgency, why not consider an auction where prospective buyers compete over a six-week period?”

Boathouse Auctions solves the problem of time. By working exclusively through yacht brokers, they bring owners and buyers together on a secure, private and transparent online auction platform.

Chad Roffers, Chairman of international luxury real estate company Concierge Auctions, agrees with the broker-loyal approach and need for liquidity, “Online auctions in high-end asset classes have risen sharply since 2012 as owners of high-quality assets are looking for time-certain solutions, valuing liquidity as an asset versus the reality of a long and uncertain sale process at a significant cost to carry.”

About Boathouse Auctions, Inc.
Boathouse Auctions provides vessel buyers with greater value, owners with liquidity and a time-sensitive solution, and brokers with commission protection in a private experience that’s efficient for all. See listings, submit vessels, and learn more at:

https://BoathouseAuctions.com/

 

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