NEWS

Following the end of the pandemic bubble, the outlook for yachts over 60m is defined by ‘resilient normalization’ with strong demand for top pedigree, newly built or yachts close to delivery while the "aspirational" luxury market (sub-40m) has seen a 12% drop.

The resulting brokerage market is forked: there is a lack of inventory in the large, recent segment whereas the smaller, older (~pre 2016 or thereabouts) inventory is characterized by lingering and optimistically inflated asking prices.
"Pedigree" is predicted to be the ultimate currency: yachts built within the last five years command premiums while older vessels will see depreciation.

Total UHNW wealth is estimated to have increased from $ 49.2 trillion in 2023 to $59.8 trillion in 2025 and growth is expected to continue in 2026 driven by the AI revolution and interest rates and strong markets, benefitting cash-rich savers. The US remains the single largest market for superyachts although demand in the EU and ROW continues steady.

But, times are turbulent with a marked disconnect between frothy stock market results and the fractured geopolitical realities on the ground. For now, optimism prevails and US UHNWI (accounting for approximately 23%–25% of global buyers) are feeling confident on the back of the AI-driven bull market and a resurgent, faster paced business approach fostered by the current US administration, in contrast to the more ‘low-key luxury’ trend, post pandemic. However, young and wealthy clients do not want to wait or deal with the hassle and the decisions that have to go into a new build, and everything that goes along with that. They want instant yacht and are generally prepared to pay for it so near to completion projects command a strong premium.

A moderate weakening of the US dollar toward the $1.20 range against the Euro is contemplated by late 2026, making European builds 5–8% more expensive for dollar-denominated buyers. However, the US Federal Reserve is expected to stabilize rates near 3.0%–3.25% in 2026, so the cost of capital for financing large builds will be more predictable.

In summary, I do not expect to see much change in the 2026 market for larger yachts. Most indicators suggest an active market, steady demand, with prices driven by the lack of quality inventory. Owners are hanging on to their existing yachts deterred by the cost of replacement – most new build contracts come with an inflation clause – so, with fewer yachts under construction, prices for recent yachts that do not need significant refits or downtime, will firm up further or potentially increase.

I also expect the brokerage market to be buoyed by charter clients that realize the only way to get the time, locations and dates they want for their personal use is to transition from charter to owning their own yacht.

Finally, absent a crisis driven by AI or global volatility, the tax benefits resulting from the current US Government bonus depreciation scheme for business assets, that are expected to continue for the foreseeable future, will buttress or at least stabilize the US market in a positive fashion.

Stuart is pleased to announce the sale of MOSAIQUE the 50m/164’ full displacement yacht built in 2002 by Proteksan Turquoise, now Turquoise Yachts. Notwithstanding or thanks to a weaker US Dollar American and international buyers continue to be very active in the larger yacht market. MOSAIQUE is Stuart’s eighth sale in 2025.

A full displacement yacht with streamlined classical lines, MOSAIQUE was built in steel and aluminum to ABS class and MCA compliance. Ed Dubois was responsible for her well-proportioned exterior while the original interior was by Don Starkey. Fully refitted in 2022, the interior décor was refreshed with a Hampton Beach vibe, although the original cabinetry, boiserie and layout were preserved.

Designed to reflect the style of a country house, MOSAIQUE was originally intended for private use, but became an extremely successful charter yacht thanks to her well laid out, welcoming interior, six stateroom accommodations, versatile exterior decks, and Quantum zero speed stabilization providing extra comfort at anchor.

At 589 GT, MOSAIQUE is unusually spacious for a 50m yacht and sleeps up to 12 guests. The full-beam Master suite and study and the VIP stateroom are on the main deck with the four remaining staterooms, three doubles and a twin, on the lower deck. She carries 12 crew.

MOSAIQUE is Cayman flagged and completed her 20-year ABS classification surveys in 2022. She is powered by twin diesel Caterpillar engines and cruises comfortably at 12 knots. She has a 4,500 nm range at 14 knots can reach a top speed of 15 knots.
Mosaique was asking USD 11,900,000.

Stuart is pleased to announce the sale of the new build 49.9m/163'9" Mangusta Oceano, hull #08. Built in steel and aluminium by Overmarine, the 499GT semi-custom yacht will be delivered in July 2028.

This is Stuart’s 5^th sale in 2025. Last year Stuart represented the 43m/141’ Halara (now named Toy) for sale and was extremely impressed by Alberto Mancini’s creative yet functional layout and Mangusta’s full displacement capabilities, very well proven in HALARA. Being a sailor as well as a talented designer, Mancini maximized space on board, connected both interior and exterior areas to the sea and packed a surprising number of interesting features into 450GT.

Hull #08 and the longer 50m Oceano series offer more of the same on a grander scale, wrapped in an eye-catching yet beautifully balanced exterior that hints at speed, Mangusta’s DNA – although the Oceano 50 is a full displacement yacht with a bulbous bow. The Oceano 50 series is equipped with two MTU engines, her top speed is 16 knots and she cruises at 12 knots while her range is 4,500 nautical miles. The Oceano 50 has won two awards, most recently 'Best in Show' at the Fort Lauderdale International Boat Show.

The Oceano 50m can sleep up to 12 guests in six staterooms with an on-deck forward facing master, featuring a “push button” fold-down balcony to starboard, a full width VIP aft and below and four guest staterooms amidships.
In addition to the main deck inside-outside salon, which opens on three sides, the design of the exterior space and the features it includes is where the Oceano 50 shines. The beach area develops over three on-water terraces while a pool is fitted into the long, uncluttered foredeck with fixed and modular seating, sunbeds and a garage underneath. Hull #08 has been modified to include not only the foredeck pool but a pool on the aft deck as well as an infinity panoramic pool on the sundeck.

Stuart is pleased to announce the sale of YS5304, the Damen Support Yacht (YS) now under construction at the Dutch builder’s facility in Antalya, Turkey, and scheduled for delivery in May 2026.

The fourth hull of this successful series, and Stuart’s 4^th sale in 2025, YS5304 was acquired by a longstanding client and keen yachtsman who selected her on account of her performance, versatility and aesthetically pleasing design coupled with her green credentials and the ability to carry his ever-increasing fleet of tenders and toys.

Built in steel with a quasi-military yet well-proportioned profile and an axe bow engineered to slice through the waves - the 53m / 174’ 5304 registers at 497GT and has been configured to accommodate 10 guests in five functional staterooms located on the main deck.

Designed in-house by Damen Yachting, YS5304 doesn’t compromise on comfort. While the interior layout maximizes efficiency, it provides welcoming and well-appointed living spaces. Guest accommodations include a lounge on the main deck and a sky lounge with al fresco dining on the 115 m2 bridge deck aft. Accommodations for 11 crew are on the lower deck.

Weatherproofed by Damen Yachting’s naval architects who also designed her exterior, YS5304 has a high bow with spray rails to keep the decks dry, tough synthetic Bolidt decks and forward-raked windows to improve visibility in challenging weather conditions.

The expansive deck space, covering over 200m2, will carry a Bertram 31’ classic Sport Fish, a Dragon Fly 36’ folding trimaran, an Intrepid 31’ or a 31’ Protector Targa RIB and a 23’ Mastercraft ski boat. For the fast deployment of the watercraft there is a heavy-lift 15-tonne crane. The aft deck can be reconfigured to carry containers with portable hospital and medical equipment for hurricane or natural disaster relief, or a helicopter.  

YS5304 is powered by two MTU engines delivering a combined total of 6,000hp and a top speed of 19 knots. At a cruising speed of 12 knots, YS5304 has an impressive range of 5,000 nautical miles. Built to Lloyds class and featuring an ECO class notation, she is IMO Tier III compliant, so harmful emissions are reduced by 70 per cent.

YS5304 was asking Euro 29.5m. For further details contact Stuart at +1 954 328 6553.

Stuart is pleased to announce the sale of the 60m/196’ Formosa built by Benetti on its successful 60m platform. Delivered in 2015, Formosa was designed to be a family boat for world cruising so comfort at sea and performance were essential. In addition to a track record of worldwide cruising, including a 5-year circumnavigation, Formosa has proven to be a very successful charter yacht on account of her spectacular interior décor, welcoming layout and capabilities.  

Listed for sale only in April 2025 and correctly priced, Formosa has the layout, features and pedigree appreciated by the current market.  She was built to a very high spec on a proven platform and at 1,089GT, her interior is well above the usual volume of a 60m yacht. Her interior layout and décor were designed by the then relatively unknown Sander Sinot, now one of the leading names in yacht design.

Sinot was an inspired choice, since his clean, uncluttered Asian-inspired aesthetic focused on harmony, meticulous craftsmanship and natural materials and now counts many enthusiastic clients. His palette of blue and cream combined with light and exotic woods, natural stone, touches of gold and beaten bronze paneling is exquisitely sophisticated.

The layout is unusual and makes use of every inch of space inside and out with areas that work for both formal entertainment or more secluded times. Formosa accommodates 13 guests in six staterooms including the 70m2/753f2 owner’s forward-facing apartment on the upper deck, two VIP staterooms on the main deck forward and three large staterooms on the lower deck.

Formosa was built to ABS class and is powered by twin MTU 12V4000 M53 engines. She cruises comfortably at 14 knots, can reach a top speed of 16 knots and at 12 knots has a range of 5,000 nautical miles. For comfort she is equipped with Naiad zero speed stabilizers and is MCA compliant.

Stuart is pleased to announce the sale of the 54m (177’) HELIOS 3, built by Delta Marine. Helios 3 was a yacht Stuart knew well having sold her to her current owner in 2015 and been part of the extension and refit project carried out by Delta and completed in 2017. Much of Helios 3’s appeal lies in her impeccable pedigree and huge interior volume enhanced by the extension which created additional exterior deck spaces and technical areas. No other shipyard in the world had the expertise to undertake a job of this magnitude in GRP and certainly not to the same quality as Delta.
During the 18-month refit, HELIOS 3’s hull was extended by 4m and her bridge deck by 2m. Every inch, from her bilge to her mast, was renewed, replaced, rebuilt or refit. The tender garage was extended to include a beach club area with additional storage and crew areas. Her new exterior lines, originally by the Delta Design Group, refined her overall aesthetic, creating a sleeker, more elegant profile better attuned to current taste.
HELIOS 3 was built for long range cruising. At 11 knots she has a remarkable 5,000nm range, and has covered over 129,000 nautical miles in the Mediterranean, Caribbean and Pacific Oceans since 2017. Her heavy-duty fiberglass hull includes 17 layers of resin-infused glass matt with no foam or balsa core below the waterline. Hull thickness averages 30mm up to 50mm in parts and is strengthened with carbon stringers up to 3” thick.
AT 776 gross tons and with over 697sqm (7,500 sq feet) of living area, HELIOS 3’s welcoming “Pacific Rim interior” can accommodate up to 16 guests in 7 staterooms including a private owner’s apartment and spacious guest areas indoor and out.
Conceived as a family home rather than a hotel on the water, the entire main deck is dedicated to family entertainment and includes a media room for games and movies and a gym. The Owner’s private apartment is on the upper deck and includes a study, master stateroom, two dressing areas and a large bathroom.
Classed by Lloyds Register and flagged by Marshall Island, HELIOS 3 has always been used privately. Helios 3 is Stuart’s third sale in 2025.

Stuart is pleased to announce the sale of Jacqpot, the 34-meter (104'4") Mangusta 104 Rev Sport, which successfully combines performance with comfort. Built in 2023 by Overmarine at their Viareggio shipyard, JACQPOT is in single skin composite with a sandwich composite superstructure to optimize weight reduction and performance. Jacqpot’s streamlined profile, a redesign on the classic Mangusta look, was developed in collaboration with Igor Lobanov who also modernized the yacht’s spatial flow. Jacqpot’s exterior has a low, elongated silhouette with large glazed areas and a flybridge beautifully integrated into the design. The flybridge is functional with a secondary helm station and a lounging area which do not disrupt the yacht's sexy low profile.
Jacqpot is powered by twin MTU 16V 2000 engines coupled with Kamewa waterjets, allowing for speeds well in excess of 30 knots and with a shallow draft she is ideal  for coastal cruising and can easily access shallow anchorages. She cruises comfortably at 25 knots. The tender garage houses a 5-meter Williams tender and other water toys, and is concealed to maintain the yacht’s clean lines.
One of Jacqpot’s most interesting design features is the interior layout that creates a continuous visual and physical connection between interior and exterior spaces. The main deck integrates the aft cockpit with the salon through sliding glass doors.
The décor is elegant minimalistic in fresh natural tones with shades of white. There are four comfortable guest cabins below deck, including the full-beam owner's suite amidships. All staterooms have ensuite marble bathrooms.
Two crew cabins for 4 crew members, and the service areas are aft, accessible via a separate circulation path to preserve privacy.
Performance remains central to Jacpot’s design—true to Mangusta’s heritage—but the new 104 Rev Sport places equal emphasis on onboard comfort and acoustic insulation – the waterjets significantly reduce vibration and noise, particularly in the guest areas. Jacqpot is also equipped with SeaKeeper gyro stabilizers for comfort at anchor and underway.
Jacqpot was asking USD 11,750,000.

Stuart is pleased to announce his appointment as Central Agent for the sale of the 60m/196’ FORMOSA. Custom-built to an extremely high spec and with an outstanding interior by Sinot Yacht Architecture and Design, FORMOSA was delivered by Benetti in 2015. Her exterior features a distinct bow and elegant profile accentuated by pristine white paintwork and contrasting black boot stripe.

Her exterior decks are spacious and well-planned. There is a private top deck with all around views, a spacious sun deck with a whirlpool, a bar, BBQ and a sunbathing area aft. The original design incorporated a touch and go helipad on the sun deck aft. The Owner’s deck below offers al fresco dining and there is a private owners’ deck forward outside the master suite. The main deck has a comfortable seating area and, when the transom is open, leads down to a 26m2 swim platform and teak lined garage which doubles as a beach club when the toys are in the water.

Sinot was an inspired choice for FORMOSA interior design and decor. Still relatively unknown at the time, his clean, uncluttered Asian-inspired aesthetic is focused on harmony, balance, meticulous craftsmanship and natural materials. FORMOSA’s beautifully built interior is outstanding.
The guest areas are decorated in tones of blue and cream combined with light and exotic woods, marble, natural stone, touches of gold, leather and beaten bronze paneling. The overall effect is functional, comfortable and exquisitely sophisticated.

FORMOSA can accommodate 13 guests in six staterooms. Entering the 70m2 Owners’ apartment there is a generous office/study to starboard and a dressing room which leads either into the master bathroom on the portside or to the forward-facing master stateroom. The windows offer 180 ° views and include doors port and starboard which open onto the sheltered private deck with comfortable seating on the foredeck.
There are two VIP staterooms on the main deck forward and three staterooms on the lower deck, two with double beds and one with two single beds and a Pullman berth. All have en suite marble bathrooms. A splendid glass and bronze elevator in the circular staircase services all deck levels. Formosa accommodates up to 16 crew members.

Built to ABS class, FORMOSA is 1,089GT and is commercially registered. Powered by twin MTU 12V4000 M53 engines, she cruises at 14 knots with a top speed of 16 knots. At 12 knots she has a range of 5,000 nautical miles and is equipped with Naiad zero speed stabilization.
FORMOSA has circumnavigated the globe and chartered selectively in remote and interesting places. Her track record attests to her world-class seaworthiness and performance. Her interior speaks for itself. FORMOSA stands head and shoulders above most other yachts in her class.
Formosa's asking price is €39,500,000. 

Stuart is pleased to announce the new central listing of HELIOS 3, By any standard the 53.8m (177’) Helios 3 is a splendid yacht. Built by Delta in 2012, she has exceptional volume (776GT) for her length, and a versatile layout covering over 7,500 square feet (997m2) of living area, with 7 staterooms sleeping up to 16 guests.

HELIOS 3 was engineered as well as designed by the Delta Design Group that implemented an elegant, comfortable light wood interior suitable for a family home on the seas. She features a large owner’s suite located on the upper deck, including a large dressing and bathroom, a study/lounge, private outdoor deck, and a room for children or family members.  Forward on the main deck, where the master is traditionally located, is a fully equipped gym, a media room and guest office. Both areas include glass skylights and large hull-side windows.

HELIOS 3 was purchased in 2015 by her current owner who immediately sent her back to Delta for an extension and refit which took until January 2017 to complete. Probably, no other shipyard in the world could be trusted to do such an extensive job, in GRP, in keeping with Delta’s customary quality and detail.

During this 18-month process, HELIOS 3 hull was lengthened by approximately 13 feet (4m), her bridge deck was lengthened by approximately 8 feet (2.5m) and every inch from her bilge to her mast was renewed, replaced, rebuilt or refitted. Her fiberglass construction is very heavy in a solid layup for her hull with a composite superstructure so long-term paint maintenance is minimized. The total refit cost was in excess of $17 million at the time. The extension enhanced Helios 3’s excellent exterior deck space including a large sundeck which is served by an elevator.

Built to travel and explore, HELIOS 3 has proven herself as an amazing “go anywhere at any time” yacht. Her global voyages have included multiple trans-Atlantic and trans-Pacific crossings. She has excellent storage capacities from her stand up bilges to her extensive refrigeration.

HELIOS 3 is equipped with twin Caterpillar 3512B engines that give her a cruising speed of 14.5 knots and a maximum speed of over 16 knots. At her economical speed of 10 knots her range is over 5,000 nautical miles. Her main tender is stowed in a float-in garage while a smaller tender is stowed on the sun deck.

Overall, her near perfect condition means she is literally ready to go anywhere at a moment’s notice. The asking price is USD 28,900,000.