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| Oceanco | 91.50M | "TRANQUILITY" ex. "Equanimity" Y709/PA164 | 2013 |

Discussion in 'Oceanco Yacht' started by German Yachting, Nov 1, 2013.

  1. German Yachting

    German Yachting Senior Member

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    I’m just thinking of some auctions that have happened over the years and it seemed the result was lower than expected. There are several comps on the market: Faith, Aquarius, Barbara, Areti, and Kismet. I’d be interested where she will fall out at as compared to these others asking prices. I also hope that they will show the interior off as part of the prep for sale.
  2. Lynnwoodjohn

    Lynnwoodjohn New Member

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    I just happened to look at the Burgess website. There are interior pictures now posted of Equanimity
  3. nmna

    nmna Senior Member

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    Thanks for the heads-up. It's really well-appointed interior IMO.
  4. Yacht News

    Yacht News YF News Editor

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    Today was the last day for those sealed bids for "Equanimity" Tomorrow the sale via judicial sale happens.
  5. Gage Rowden7

    Gage Rowden7 Senior Member

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    It will be interesting to see who won the bid!
  6. German Yachting

    German Yachting Senior Member

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    And to see how much she sells for. I think I’ve seen all the news sites say $250m which is significantly higher than reality.
  7. Yacht News

    Yacht News YF News Editor

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    Sources say that when the second phase of the sale is concluded in March 2019 the yacht would have been auctioned off for more than $100,000,000.
  8. German Yachting

    German Yachting Senior Member

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    Apparently they set a floor price of $130m for Equanimity after the auction failed to find a suitable buyer. I’ve never seen an auction where a yacht sold close to the actual build price or what you probably could get on the market if you had some time to market it for the right seller.
  9. German Yachting

    German Yachting Senior Member

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    I’m curious what effect the sale of Equanimity will have on the other large yachts that are for sale. She originally had an asking price of €175m when sold and now we are hearing that anything over $100m would be considered. That’s about half of what the other 85m class yachts out there asking in the $200m range. I believe Solandge sold for about €150m while publicly asking in the €175m range. Granted, Equanimity has some risk that there could be some other lien holders that add risk to the ownership but I’d think this could negatively affect the prices of these large yachts such as when Apoise was auctioned off in the low $30ms.
  10. nmna

    nmna Senior Member

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    Equanimity was sold for 126 million USD. A good price for the buyer in my opinion.
  11. Yacht News

    Yacht News YF News Editor

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    She has been sold or is to be sold at that price?
  12. German Yachting

    German Yachting Senior Member

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    Will be sold to another Malaysian company. Apparently as the discussions were directly with the government no commission will be paid to Burgess.
  13. DBowman78

    DBowman78 Senior Member

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    Looks like she's back on the market
  14. Gage Rowden7

    Gage Rowden7 Senior Member

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    That didn't take long.
  15. Yacht News

    Yacht News YF News Editor

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    Yep it is amazing and now her price is more than the last asking price when she was "Equanimity".

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