SOURCE: Burgess Yachts


July 18, 2011 11:30 ET

Superyachts on Sale? Market Pressure Brings Significant Value to Superyacht Industry, According to BURGESS

Now Is the Time to Buy, With Sizeable Savings, Such as the Recent Price Reduction on the World's First Explorer Yacht -- SHANDOR

NEW YORK, NY--(Marketwire - Jul 18, 2011) - It is a buyer's market in the superyacht industry for those who can take advantage of it. According to Jonathan Beckett, CEO of BURGESS, the global superyacht leader offering every yachting service imaginable -- from uber-luxe yacht charters to sale and purchase, new builds, financing, and management -- "Yachts that are 140 feet and above are proving tougher to sell but there are some very attractive deals in the market."

One example is the 164-foot SHANDOR, available for sale via BURGESS, conceived and built as the world's first explorer yacht for FIAT founder Gianni Agnelli for long range cruising and grand entertaining. The current owner of this unique vessel is a keen seller and has instructed an aggressive reduction to achieve a sale this summer. The price of SHANDOR was just reduced by a million Euros to an asking price of EUR 7,975,000, about US $11 million.

So, what does $11 million buy in this market? Positioned by BURGESS as an excellent purchase opportunity for the true yachtsman, SHANDOR has circumnavigated the globe in superb style and is a genuine world cruiser with a 100,000 liter fuel capacity and a 5,600 nautical mile range. The yacht's large sundeck is the focal point for on-board life, complete with Jacuzzi, full bar, shaded areas, and plenty of plush lounging spots. She accommodates 12 guests, including a master suite with a separate study and bathroom en suite. The spacious interior with a passenger elevator to all decks was designed by the renowned John Munford and offers two elegant multi-purpose saloons that can serve as a cinema, gym, a discotheque complete with sound and lighting or just a relaxed lounge for entertaining. To enjoy the water, the yacht offers four tenders including a small sailboat, and a full array of watersport equipment including dive gear, water skis and tows, and kayaks. Further details at

BURGESS currently represents 60 superyachts that are available for sale, in addition to SHANDOR, each with its own distinctive style and appeal. According to Beckett, "There is a great deal of choice in the market, it is extremely important to have intelligent advice, whether you are looking to buy or sell. We have roughly 40 years in the business, and that expertise has guided many clients through the highs and the lows."

Founded in 1975 with ten international offices, BURGESS is the global superyacht industry leader, uniquely specializing in yachts of over 130 feet. Renowned for its professional yachting services, the company leverages its expertise to guide clients through every aspect of the yachting experience, including sale and purchase, technical consultancy services, charter and operational management. The superyacht credentials of Burgess are unmatched in the industry, ensuring that clients enjoy the highest levels of customer service. For more information visit:

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