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Horizon FD85

Spectacular price drop of 1 million! Almost new stunning Horizon FD85 motor yacht.

STEPHENS BROTHERS 43

This unique typical 1930s motor yacht will be will be sold through an online auction starting 8 May 2024.

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Dufour 425 Grand Large

A fine Dufour 425 Grand Large in very good condition. Fast and comfortable under sail.

Formosa New Horizon 68

This very well maintained Formosa New Horizon 68 has it all and is ready to be viewed in Copenhagen

Globemaster 50

This unique Globemaster 50 is the perfect boat for long voyages or for living aboard.

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SYMBOL 45 PILOTHOUSE TRAWLER

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EXPEDITION VESSEL LONG RANGE 29M

ASTON MARTIN AM37S

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FRANS MAAS CALYPSO 43

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HERSHINE PILOTHOUSE TRAWLER 57

MARHEN KRUISER 11.60

BENETTI 79 SD NAVETTA

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Rely on over sixty years of experience.

Buying or selling a valuable sailing or motor yacht is not something you entrust to just anyone. At De Valk, we have decades of experience; choosing us means choosing security. We also offer you convenience, because we can take care of the entire process, including evaluation, transport, insurance or financing, for example. If you want, we will sell your current berth or find you a new one. So when the time comes to decide to sell or buy, you can sit back and relax: De Valk yacht broker's will do the work for you - both effectively and energetically.

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With several hundred transactions every year, De Valk is one of the most important players in the yacht broker market. We serve our customers from seven branches and concentrate on the 10 to 40 metre segment. Our customers come from all over the world and they know what they can expect from us: all the knowledge, connections and resources needed to achieve results. Also, we supervise and handle transactions in the most professional and expert way. As a result, De Valk has become one of the leading yacht brokers in Europe.

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At De Valk, we always have at least five hundred yachts on our yacht broker books. This means that potential buyers from all over the world always keep their eye on us. That has to be good news for anyone wanting to sell a yacht.

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It is one of the foundations of our reputation: a database with the names and details of no less than 60,000 buyers and sellers . This database which we naturally keep up-to-date with care, enables us to make a quick and careful match between supply and demand.

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BREEHORN 37

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FAIRLINE TARGA 48

AXOPAR 37 XC CROSS CABIN BRABUS LINE

MOGANO SPECIAL 1100

DE ALM GRAND VOYAGER 65

VIVANTE 48 KOTTER

HOLTERMAN 50 CONVERTIBLE

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Sunrise Yachts Sponsor 2011 Moscow International Boat Show (MIBS)

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Written by Mike Smith

Sunrise Yachts, a luxury yacht building company which is based in Turkey, has been made a main sponsor of next year’s 2011 Moscow International Boat Show (MIBS). The four-day Russian yacht show event is currently scheduled to run from April 14-17 at the Moscow’s Crocus exhibition centre.

moscow boat show

MIBS is organised by the ITE Group and it is one of Russia’s leading boat shows and is an internationally recognised superyacht event. The show covering everything from small parts and accessories to large superyacht with over 9,000 people and 178 exhibitors attended the last year show.

The Paolo Scanu-designed Sunrise 45 yacht is an ocean-going cruising yacht that was released in 2009 to much acclaim at this was the group’s first-ever model.

Sunrise Yachts was founded in 2007 by the German entrepreneur Herbert P Baum along with the French-British yacht builder Guillaume Roché. The luxury yacht group is based in Antalya, Turkey and utilises a 10,000sq m shipyard facility. Sunrise has two sheds measuring 100m (328ft) x 16m (53ft), as well as a 70m (230ft) x 16m (53ft) fully acclimatized paint shed that can accommodate new-build and refit projects up to 65m (213ft) in length and 1,200 tonnes displacement.

The sunrise 45m superyacht by Sunrise Yachts

Along each side of the yacht-building facility, space is available for long-term sub-contractors with the latest equipment and logistics capabilities, along with air-conditioned storage, ventilation and extraction plants. The shipyard is organized as an “assembler,” based loosely on the car industry’s model, with a small, yet powerful project management team charged with running all the in-house long-term sub-contractors.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Sunrise Yachts Sponsor 2011 Moscow International Boat Show (MIBS)".

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63M CUSTOM SUPERYACHT

Recently delivered 63m Sunrise Super Yacht IRIMARI to make world premiere at MYS 2015

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5th Moscow Boat Show, March 20-25, 2012

5th International exhibition of boats and yachts Moscow Boat Show a Huge Success

Ferretti Custom Line Navetta 30 series motor yacht GINDUNGO hits water in Italy

50m luxury motor yacht BEL1 launched in Pisa by Rossinavi

Luxury yacht UNIQUE S is brand new to the charter market in the Western Mediterranean

44m superyacht EXTRA TIME new to charter around the Western Mediterranean

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Superyacht KISMET – the 122m Lurssen motor yacht the charter market has been waiting for

37m luxury yacht LEGEND offering unparalleled comfort on charters in the Western Mediterranean

Discover our Top 10 brand new yachts available for charter worldwide this year

Florida charter yacht REAL SUMMERTIME offering 10% discount

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Moscow Boat Show Completed

Event Information:

• 03-05-2020 10:00 AM 07:00 PM Thursday
• 03-06-2020 10:00 AM 07:00 PM Friday
• 03-07-2020 10:00 AM 07:00 PM Saturday
• 03-08-2020 10:00 AM 07:00 PM Sunday
• 03-09-2020 10:00 AM 04:00 PM Monday

Sailing sports and outing on water have been gaining wide popularity in Russia. Speed boats and yachts, boats and aqua bikes, participation in competitions in water sports cause genuine interest, totaling a large number of admirers at Russian and foreign audience. Due to it grows the demand for relevant services: yacht schools, transportation of yachts and boats, navigation equipment, regattas and many other things. For more than 10 years the exhibition of boats and yachts has been recognized as the key event of the yachting industry among numerous specialists of the branch and yachting fans.

The show is the leading event for representatives of yachting business, professionals of the branch and numerous fans of water sports and active outings. The scope of the project includes motor and sail yachts, launches, electric boats, offshore vessels, design trimarans, helicopters, diving clothes and accessories, inland navigation, dredging, fishing vessels, workboats, naval ships, construction vessels, brokerage and mega yachts. Besides the visitors will have an opportunity to get also consultation of highly qualified specialists.

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• International

South Florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws

T wo newly filed federal lawsuits claim that 10% sales commissions required by South Florida’s yacht broker industry are anticompetitive and violate antitrust laws.

The claims follow an October finding by a federal jury in Kansas City, Missouri, that the National Association of Realtors conspired with brokers to artificially inflate commissions paid to real estate brokers. The ruling, and a March 15 settlement by the Realtors, is expected to radically change how homes are sold in the United States.

Both lawsuits involving yacht brokers name as defendants the International Yacht Brokers Association, based in Fort Lauderdale, the Yacht Brokers Association of America, Boats Group LLC and YATCO LLC.

Also listed as defendants in both suits are a who’s who of South Florida-based yacht brokers, including Denison Yacht Sales, MarineMax Inc., Galati Yacht Sales Inc., Allied Marine Inc., Tournament Yacht Sales LLC and Northrop & Johnson Yacht Ships, among others.

Nearly all of the defendants are headquartered in South Florida.

The most recent suit, filed on March 22, proposes a class of plaintiffs that includes anyone who listed vessels on certain Multiple Listing Services using a listing agent or broker affiliated with one of the defendants and paid a buyer’s broker commission since March 22, 2020.

The lead plaintiff in the lawsuit is Kip Lamar Snell, identified as an Alabama resident. Snell entered into an agreement with Galati to sell a 41-foot Express Cruiser Sea Ray in July 2020 and ended up paying a $12,000 commission on the $120,000 sale price, the suit states. The lawsuit lists as defendants 15 brokers and six organizations that promote the yacht trade or operate Multiple Listing Services.

That lawsuit follows one filed on Feb. 29 that proposes a class of plaintiffs that includes anyone who paid a commission to a listing broker affiliated with the defendants since Feb. 19, 2020. It lists as defendants 11 brokers and five organizations that promote the yacht trade or operate Multiple Listing Services.

The lead plaintiff in that suit is Ya Mon Expeditions, a Wyoming company that paid a “substantial broker commission” when it sold a vessel in January 2023 while represented by Tournament Yacht Sales of Tequesta.

The most recent complaint accuses the trade associations of colluding with brokers to “enforce an anticompetitive restraint that requires (sellers of pre-owned yachts and boats) to pay a brokerage fee to the buyer’s broker and a total aggregate commission fee that is inflated as a condition for selling their yachts.”

The complaint states the typical commission is 10% and is shared between the seller’s broker and the buyer’s broker under terms spelled out in Central Listing Agreements provided by the brokers associations, including the International Yacht Brokers Association and the Yacht Brokers Association of America.

Only boat brokers are able to list boats and yachts on such Multiple Listing Services as YachtWorld.com , BoatTrader.com and Boats.com , and the Multiple Listing Services will not accept listings from owners who want to sell their vessels themselves, the lawsuit states.

Yacht owners are “severely disadvantaged” if they do not list their boats for sale on the listing services, while buyers suffer because their brokers are “financially incentivized” to show boats that will earn them standard “and inflated” commission rates of 4% to 5% through co-brokerage transactions, the complaint states.

None of the defendants contacted for this story responded to a request for comment, and no response has been filed yet in either case.

Robert Allen Jr., whose Miami-based law firm Robert Allen Law represents the International Yacht Brokers Association, did not respond to emails or return a phone call.

A woman who answered the phone at the International Yacht Brokers Association said, “We have no comment on that,” and hung up after a reporter asked for her name.

Of six brokers contacted for comment about the lawsuits, only Tournament Yacht Sales responded to emails. “No comment,” the company’s response stated.

Overall commissions have increased faster than the rate of inflation in recent years as the price of larger boats and yachts have increased, according to the lawsuit that lists Snell as lead plaintiff.

The result is that boat owners pay “hundreds of millions of dollars” in inflated commissions each year, the suit alleges.

Both lawsuits allege violations of the Sherman Antitrust Act that are upheld by “brokers who should be competing with one another but, instead, cooperate with each other to the detriment of pre-owned boat sellers.”

Some brokerages represent both buyers and sellers and retain the entire 10% commissions, the suits state.

The trade associations enforce rules requiring brokers to offer their boats through a listing service and to share commissions, the suits state, adding that they can impose significant penalties on members who do not comply with their rules.

Yacht purchasers are disadvantaged by the current system, the lawsuit alleges, because their agents would otherwise negotiate for their business by decreasing their commission rates.

But buyer brokers’ commissions have remained constant despite their diminishing role, the suits state. Many buyers today find boats they are interested in purchasing through online searches and enlist the services of a buyer’s broker only after identifying the yacht they want to buy, the suits claim.

The lawsuits seek an order declaring the commission structure to be illegal, a permanent injunction outlawing what they describe as anticompetitive conduct, plus damages and/or restitution, pre- and post-judgment interest, and attorneys’ fees.

Paul Geller, an attorney for one of two law firms representing the class that includes Snell, acknowledged “parallels between the allegations relating to commissions in the real estate and yacht markets.”

In the real estate matter, the National Association of Realtors on March 15 agreed to a $418 million proposed settlement that would free home sellers from paying commissions to brokers for both sellers and buyers.

After a jury ruled for the plaintiffs in the case against the National Association of Realtors in October, numerous lawsuits were filed across the country with similar allegations, including one in December against the Florida Association of Realtors and 16 brokerages.

“At bottom, the goals of (the suit against the yacht brokers) are similar: protecting consumers by challenging what we allege to be anti-competitive conduct,” Geller said by email. “We believe in the universal truth that consumers benefit by increased transparency and the competitive pricing that results from negotiated terms, including commissions.”

Geller is a partner at Robbins Geller Rudman & Dowd LLP, which specializes in securities litigation on behalf of investors. The firm has offices in 10 cities, including Boca Raton.

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