Wednesday, December 23rd, 2015
Cecil C Wright & Partners Sells Amadeus
Since breaking away from Edmiston and forming his own brokerage house, Cecil Wright have established themselves as a viable alternative to the big brokerage houses.
The firm has just concluded the sale of the 73m Amadeus which was being marketed by the company at an asking price of €50m.
The sale price achieved they confirm was very close to this figure.
Amadeus was built in 1969 as the 70.4m research vessel Komet at Jadewerft in Germany. She was the subject of an extensive conversion at the Jade Yachts facility in Taiwan under the name of Project Caravelle.
Wright said his firm had had a good year and he spoke to us about his confidence in the market for superyachts saying “Plainly,” the large yacht market is in reasonable health and I am very confident about the future of our business.”
He added, “I am delighted to have sold Amadeus following what I hope becomes our trademark marketing style – personal, direct, honest and factual.
Commenting on the state of the industry he said, “The volume of sales are up, average prices are up and delivery dates at top shipyards are now running into at least 2021. A leading factor in this recovery is undoubtedly the strength of the US dollar, which is up 38% against the euro since May 2014.”
“Our charter business also continues to flourish and we are working on new CA signings for both sales and charter in early 2016. Our low-key, bespoke approach seems to be paying dividends.”