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Yachts for Sale

For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

Explore luxury yachts for sale

Search for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport .

Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale .

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Discover the difference

As a Burgess client, you always come first, whether that’s charter, sale and purchase, build, refit or any aspect of yacht ownership. That’s the Burgess difference.

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Your great escape. Tailored by Burgess. 

Cruise in inimitable style and experience real freedom.  The adventure of a lifetime awaits aboard the world’s greatest superyachts, all curated by your own professional broker.

BUY A Yacht

Your life. Spent wisely.

From the global fleet of mega yachts offered for sale, we hand-pick the best opportunities and share our expert knowledge, so that you can make the best decisions.

Your wish. Our world.

Our reputation is your recommendation. Since 1975 all our knowledge has been distilled into one goal, making sure you enjoy the best yachting experience.  If it involves yachts, we’ve got you covered.

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Our directly employed brokers share market-leading intelligence and powerful client database insights with our experienced global team to ensure the best outcome for you.

build a yacht

Your vision. Our expertise.

From first concept to maiden voyage and beyond, we work on your behalf so you can enjoy building your dream yacht. Together we bring your unique vision to life.

refit a yacht

Asset upgrades. Enhancing your investment.

We work with you to transform your yacht into the one you want to own. No other company has more in-house knowledge and experience than Burgess and it’s all on your side.

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Your enjoyment. Our responsibility.

Our aim is to allow you to get maximum enjoyment from your luxury yacht without any of the day-to-day operational concerns. We take care of everything on your behalf.

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You live the dream. We take care of it.

Get more out of your owner experience knowing that we have all your yachting requirements in hand. Working with your captain and crew, we reduce risk and increase enjoyment.

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Your crewing needs. Our tailored support.

Crew are a vital part of your yachting experience. We are your trusted partner in every aspect of their employment, from sourcing to payroll, training to insurance and beyond.

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Leading change. It's our business.

We love the ocean and we want future generations to enjoy it too, so it’s our responsibility to protect it. 

Find out how we’re driving sustainability from the inside out.

Burgess - luxury superyachts

Whether you’re considering your first charter or building your fifth yacht, Burgess has the expertise you need. Learn how our global brokerage team consistently sells more yachts like yours than anyone else. Talk to our charter team about personalised luxury yacht charter experiences. If you own a yacht, find out about our full-service support and if you plan to build a series or full-custom superyacht, find out how our experts can help you turn your vision into a reality.

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466 results    * All prices shown are given as a guide only. Search

90.1m • Lurssen Yachts

86.0m • Scheepswerf Gebr. van der Werf

85.5m • Oceanco

83.5m • Feadship

82.6m • Mitsubishi Heavy Industries

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77.8m • Amels

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YACHT CHARTERS & BROKERAGE | FOR SALE 2,256 I FOR CHARTER 480 I DESTINATIONS 65

SPAIN, EU +34 - 673 361 640

DUBAI, UAE +971 - 52 615 7655

KERALA, INDIA +91 - 63 77 22 98 08

[email protected]

MARCUS YACHTING

BROWSE A WIDE SELECTION OF YACHTS

Discover the latest arrivals, new yachts on market.

Explore the latest arrivals in luxury yachts for sale with our newly added fleet, setting sail with unparalleled elegance and cutting-edge design. Discover your next adventure on the pristine waters with our latest collection of exquisite yachts now available in the market.

JULY 1, 2024 NEWS

Feadship 274 savannah yacht for sale, june 11, 2024 news, azimut yachts 118 ocean one grande yacht for sale.

YEAR 2022, NEW ON THE MARKET READY TO FOR DIRECT DELIVERY LOCATION: FRANCE - ASKING PRICE: ($16,112,345 USD EST.) €14,950,000 EUR

JUNE 21, 2024 NEWS

Van der valk 108 project may yacht for sale.

YEAR 2026, NEW ON THE MARKET READY TO FOR DIRECT DELIVERY LOCATION: N/A - ASKING PRICE: ($17,569,877 USD EST.) €16,350,000 EUR

APRIL 5, 2024 NEWS

Wally 80 power checkmate motor yacht for sale.

YEAR 2015, NEW ON THE MARKET READY FOR DIRECT DELIVERY LOCATION: SPAIN - ASKING PRICE: ($3,690,878 USD EST.) €3,400,000 EUR

NAUTOR'S SWAN 82S STAY CALM YACHT FOR SALE

YEAR 2005, NEW ON THE MARKET READY TO FOR DIRECT DELIVERY LOCATION: SPAIN - ASKING PRICE: ($2,417,873 USD EST.) €2,250,000 EUR

JUNE 6, 2024 NEWS

Sanlorenzo 201 lemon tree yacht for sale.

YEAR 2021, NEW ON THE MARKET READY TO FOR DIRECT DELIVERY LOCATION: MONACO - ASKING PRICE: ($64,668,290 USD EST.) €59,500,000 EUR

FEBRUARY 29, 2024 NEWS

Maori 125 motor yacht for sale.

YEAR 2023, NEW ON THE MARKET READY FOR DIRECT DELIVERY LOCATION: ITALY - ASKING PRICE: PRICE ON REQUEST

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Cutting-Edge and Ready for Adventure

Yachts for sale, find boats and yachts for sale, yacht type variety, new 2024 season yachts for sale.

tecnomar for lamborghini 63

MAORI 54 XL

SANLORENZO SP110-03

CNB 78 NEW ORDER

MAORI 46 FT

Yachts for charter, yachts for sale, destination, meters sold.

MAORI YACHTS | MARCUS YACHTING

Maori 154 xl : a grand icon of maori craftsmanship.

Direct delivery now offered in Dubai, UAE starting July 2024. Discover unmatched luxury and power with the Maori 54 XL Yacht. This extraordinary vessel combines a design that enhances outdoor enjoyment with features that ensure your comfort and safety. Enjoy the open deck's freedom under the signature hardtop's awning system, providing shelter when needed.

WHY CHOOSE US?

A boutique yacht broker with over 14 years of experience and a dedicated team, claiming unparalleled expertise in the industry., my worldwide offices, our offices, discover personalized service and expert guidance, making your yachting dreams a reality. visit our offices today and embark on an extraordinary yachting adventure with us., unleash luxury - largest fleet of yachts for sale.

Discover a world of opulence with Marcus Yachting's extensive fleet of luxury yachts for sale. Our unrivaled sales record instills trust in owners who repeatedly choose us to represent their yachts. From sleek sailing yachts to powerful motor yachts and new construction projects, our range offers abundant choices, spanning from 20m to over 100m in size. With specialists in every sector, if your dream yacht isn't here, we'll find it through our vast network of contacts.

EXCELLENT SALES RECORD

Marcus Yachting's impeccable sales record, forged through over a decade of precise market analysis, underscores its prominence in the yacht brokerage sector. This proven track record consistently draws clients seeking excellence in luxury yachts for sale transactions, solidifying trust and loyalty.

Buyers and sellers repeatedly select Marcus Yachting for their expertise and dedication, knowing they'll receive unmatched assistance in navigating the complexities of luxury yacht transactions. With over 12 years of precise data analysis, our reputation for optimal results precedes us in the competitive brokerage market.

DUBAI - UAE

Head-office Address: One Business Centre - Media One Hotel - Level 38 - Media City -Dubai -       United Arab Emirates [email protected]   Tel: +971 – 52 615 7655

IBIZA - SPAIN

Address: 07800 Ibiza - Illes Baleares - Spain [email protected] Tel: +34 – 673 361 640

SAINT TROPEZ - FRANCE

Kerala - india.

9th Floor Level 10, Nippon Q1, Near Don Bosco cultural center, NH 66 bypass, PO, Vennala, Kochi, Kerala 682028, India

[email protected]   Tel : +91 6377229808

UNCOMPROMISING EXCELLENCE & VIP TREATMENT

Explore yachts for charter - your luxurious escape.

Indulge in the epitome of luxury yachts for sale with Marcus Yachting's extensive fleet of exquisite yachts available for charter across the globe. Whether you desire a crewed motor yacht or a magnificent sailing charter, our expert brokers and yacht management are well-versed in curating unforgettable experiences. Let your dream holiday come to life as our team assists you in selecting the ideal superyachts for your discerning tastes. Begin your journey to unparalleled luxury and explore our stunning selection of charter yachts with water toys like jet ski etc, promising a vacation of a lifetime.

EXPLORE BOATS AND YACHTS FOR CHARTER

Embrace the diversity of yacht charters, unveiling our premium charter selection.

Lamborghini 63

MALTESE FALCON

PLANET NINE

Venture to exotic getaways: unveilling our destination collection, explore exciting new charter destinations.

EMBARK ON YOUR JOURNEY OF DISCOVERY

Head-office Dubai:

One Business Centre - Media One Hotel - Level 38 - Media City - Dubai - United Arab Emirates

+971 – 52 615 7655

Ibiza office

07800 Ibiza - Illes Baleares - Spain

+34 – 673 361 640

India office

+91 6377229808

[email protected]

Mon - Fri, 9.00am until 9.00pm

Sun, 9.00am until 1.00pm

[email protected] - www.marcusyachting.com

MAORI 54 YACHT FOR SALE

Experience luxury with the 2024 MAORI 54, now offering direct delivery in starting September 2024. Contact for pricing details.

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• Sailing Yachts

Luxury Sailing Yachts for Sale

142 sailing yachts for sale worldwide.

If you’re ready to feel the wind in your hair and the ocean rushing under the keel, then you are ready for a sailing yacht. Northrop & Johnson offers one of the industry’s most extensive and comprehensive inventories of sailing yachts for sale. A sailing yacht will be at the top of your list if you’re keen on a genuine connection to the sea. Northrop & Johnson’s dedicated sailing yacht brokers are experts in their field. They are able to match you with the perfect sailing yacht for your needs through our extensive global database and their personal network. Check out our selection of sailing yachts for sale and reach out with any questions or to begin the process of purchasing the sailing yacht of your dreams.

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Benefits of a Sailing Yacht

While they may be outnumbered on the water by motor yachts, sailing yachts present a unique showcase of features. If you’re interested in regatta capabilities to stellar eco-friendly performance, a sailing yacht is definitely for you. You just can’t beat the music of the wind in your sails while lounging on your deck.

Here are three benefits of sailing yachts:

• Eco-friendly.  Hoist the sails, ladies and gentlemen. Your sailing yacht is more eco-friendly than its motor-powered peers.
• Traditional elegance.  If aesthetics are important to you, sailing yachts feature unrivaled elegance in appearance. These yachts achieve an equilibrium of conventional beauty and modern comforts.
• Cost-effective . Since your sails will be doing a lot of the work, the fuel costs with your new sailing yacht will be less than that of a motor yacht.

Is a Sailing Yacht Right for You?

If you’re looking for the spirit of adventure and exploration of vibrant destinations, a sailing yacht might be right for you. Sailing yachts offer you the flexibility to enjoy exotic adventures in extraordinary accommodations. 

Sailing yachts offer lower-tech construction methods that can be less expensive. Their motion comfort is superb, with smooth hull sections that lend to clean cruising. They also tack easily, with a mix of weight from a homogeneous mass and a pivotable keel. 

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36' Jeanneau

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Enjoy the life & escape on the water, testimonials.

I have captained several of their vessels and worked closely with one of their brokers, Capt. Rupert Covell, who is not only an ace captain with an attention to detail, but also an excellent communicator with a strong code of ethics. I am confident that anyone wishing to buy or sell a yacht with Rupert’s help will be very pleased with the result. Extremely knowledgeable and reliable!

I met Paul over 20 years ago when we were in pilot training together, we were both deployed in theater together back in 2006 and we had the pleasure of working together as colleagues at the same firm when our Active Duty service was complete. For all the years I’ve known him there is no one better at delivering on exactly what he has promised and providing the best service possible. Yachting and boating are shared passions for us both and I recently discussed running a yacht as a business with Paul. He hosted me at the Newport International Boat Show, he had the right appointments made and ensured we gained the most value for our time at the show. Whether you want a yacht for personal use or to run as a business venture Paul is an absolute must have person on your team.

Kenia Deulofeu is a quintessential go getter. Her professionalism puts you at ease allowing you to explore possibilities when considering a search that may span the globe. I love the opportunity to work with a woman consultant in this industry. Kenia also being a luxury home agent is an added benefit i allowing for a seamless process.

First and foremost, Captain Rick’s knowledge of the yacht market is impeccable. What sets Captain Rick apart is not just his knowledge but also his dedication to his clients. He was always available to answer my questions and address any concerns I had, no matter how big or small. In addition to his professionalism, Captain Rick Milroy’s passion for yachts and the maritime world is infectious. His enthusiasm for the industry and his love for the sea are apparent in every conversation, making the experience of working with him not only informative but also enjoyable. In conclusion, I highly recommend Captain Rick Milroy as a trusted yacht broker. He is a true expert in his field, a dedicated advocate for his clients, and a pleasure to work with.

I send all my clients to Rupert Covel at JFA Yachts his knowledge and expertise in the yachting and Sailing industry is unmatched. He truly goes the extra mile to ensure every client is his top priority he is extremely efficient and most of all he doesn’t waste your time thank you for all your help. It was a true pleasure doing business with you look forward to much more to come in the future.

Paul Minihan at JFA Yacht & Ship is the go-to person for your boat or yacht needs. As a military veteran and Naval Academy grad, his experience and integrity shine through. I’ve known Paul for over 15 years, and his dedication to his clients is unmatched. Whether you’re buying or selling, Paul’s expertise ensures a smooth and trustworthy experience. Proud to recommend him and contribute to the positive community at JFA Yacht & Ship!

Paul from JFA Yacht has been helping me locate my first boat. He has done overtime work to learn what my needs and wants are and in many ways he has identified multiple areas where what I should be looking for haven’t matched my initial impressions. I have learned tons. I look forward to working with him and JFA yacht into the future on this purchase, and the next!

James & Katy, Thank you for all that you have done to see us off on our dream. You’ve both been awesome!

James, you’re the best broker anywhere, you’ve gone above and beyond what any other broker should or would do. Thank you.

Katy, thanks for your support and friendship. We are lucky to have found you both.

Captain Z just recently helped us purchase our first sail boat. he kept the entire experience stress free! he is so knowledgeable and enthusiastic! the best is that after closing he has been right there helping us organize all of the equipment on board and even helped us move the boat to it’s new slip. he also graciously provided us…

James Fachtmann is one of the few people you come across that has that rare combination of passion and expert knowledge focused solely on one thing. The yacht and marine industry. He continually keeps his knowledge base up to date whether its by visiting boat manufacturers, researching and writing articles in yacht trade magazines or just plain curiosity, he knows…

I have recently purchased a Fountaine Pajot Saona 47 catamaran through James Fachtmann and was quite happy with the service and support he provided me throughout the process. James cares about the happiness of his customer not just in the near term but also for the long term and clearly feels he has an obligation to treat his customer ethically…

I have recently had the pleasure of selling my yacht with the help of James Fachtmann. The service, enthusiasm and professionalism he demonstrated during the transaction was beyond my expectations and I would, in fact already have, recommended his services to some of my best friends. The ease of the selling process was in large part due to his diligence…

Thank you for all that you have done to see us off on our dream. You’ve both been awesome! James, you’re the best broker anywhere, you’ve gone above and beyond what any other broker should or would do. Thank you. Cheers!

Yachts For Sale

New and used boat and yacht sales with guidance every step of the way..

Our Bluewater yacht brokers have years of yachting expertise in the marine industry with in-depth knowledge of yacht sales, long standing relationships with shipyards and marinas and yacht crew alike.

Whether you want to purchase your first yacht, upgrade or sell your current vessel, our aim is to find your perfect yacht or the ideal buyer.

Bluewater’s expert brokerage services put buyers and sellers first, ensuring you are at the forefront of the fast-moving yacht sales market.

Bluewater prides itself on exceptional sales advice, market intelligence and sourcing the right yacht at the right price. No matter where you are based, you can benefit from listing or purchasing your yacht with our yacht brokers who are leading worldwide yacht sale experts in major yachting destinations such as the Caribbean, Fort Lauderdale and the Mediterranean.

We’re passionate about yachting and helping our clients by offering a full service and unrivalled support from start to finish – our commitment is defined as ‘One Company, One Complete Service’ with listings for a large selection of yacht brands such as Azimut, Benetti, Sunseeker and Princess Yachts, as well as departments dedicated to yacht charter, yacht management, yacht crew placement and crew training, to ensure we can cater for all of your yachting requirements.

Contact us today to find your dream yacht.

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Endless Summer

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• €27,900,000

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• €1,850,000

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Offering advice and assurance at every step or managing the entire transaction on your behalf, we will work tirelessly in your best interests. After all, our reputation depends on it.

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Search Resumes for British Mogul and 5 Others After Yacht Sinks Off Sicily

The body of the vessel’s cook was recovered while divers searched the hull of the Bayesian for passengers, including the tech entrepreneur Mike Lynch.

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By Elisabetta Povoledo

Deep-sea divers with Italy’s firefighter corps resumed their search on Tuesday for six missing passengers — including a British software mogul and his daughter — of a yacht that sank off the coast of Sicily the previous day.

Twenty-two people were on board the 180-foot British-flagged sailing yacht, the Bayesian, which was anchored near the port of Porticello, when it was hit by what witnesses described as a waterspout, a small tornado on water, during a sudden and violent storm.

Fifteen people who managed to get to a raft were rescued by the captain of a nearby sailing cruise ship. The body of the yacht’s cook, identified by news outlets as Recaldo Thomas, a Canadian Antiguan, was recovered on Monday. But several people are still unaccounted for, according to Salvatore Cocina, an official with Sicily’s civil protection agency.

Those still missing are Mike Lynch, a British technology entrepreneur; his daughter Hannah; Jonathan Bloomer, chairman of Morgan Stanley International; his wife, Judy Bloomer; Christopher J. Morvillo, a lawyer at Clifford Chance; and his wife, Neda Morvillo.

Mr. Lynch was acquitted of fraud in a U.S. trial in June, ending a high-profile, decadelong legal battle against accusations that he had defrauded Hewlett-Packard when he sold his company, Autonomy, to Hewlett for $11 billion.

Mr. Lynch and the others went missing days after Mr. Lynch’s co-defendant at the fraud trial, Stephen Chamberlain, a former vice president of finance at Autonomy, was fatally struck by a car on Saturday while out for a run, his lawyer, Gary S. Lincenberg, said in a statement.

Prosecutors in the Italian city of Termini Imerese, east of where the yacht sank, are opening a formal investigation into the yacht’s sinking. Reached by telephone, the chief prosecutor declined to comment.

The search for the missing passengers began on Monday but was suspended late that night as crews found themselves limited to the bridge deck and items like furnishings “obstructing passage,” the firefighters’ corps wrote on social media .

When divers resumed the search on Tuesday, ships trawled the waters near the site, the corps said in a statement. The Italian Coast Guard also said in a statement that search operations were “continuing unabated,” with the deployment of helicopters. There was no evidence that gasoline was leaking from the yacht, the Coast Guard said.

The yacht was lying on its right side in about 165 feet of water, meaning that divers, working in pairs, could stay underwater for only about 12 minutes at a time, said Luca Cari, a spokesman for the firefighters’ corps.

Divers were seeking a safe point of access to the vessel’s cabins. “Obviously, everything fell and the space is very tight,” Mr. Cari said, adding that the divers were having to remove obstacles, like furnishings and electrical wiring, that were “completely blocking passages.”

The firefighters’ corps said in a statement that it was impossible to verify whether people were inside the hull.

Mr. Cari said that several divers had been part of the search-and-rescue operations when the Costa Concordia, a cruise liner, capsized off the Tuscan island of Giglio in 2012, killing 32 people. It is considered one of the worst maritime disasters in modern Italian history.

“It’s like the Costa Concordia, but much smaller,” Mr. Cari said in a telephone interview, comparing the search operations. “In the Costa Concordia, we came across many obstacles but we somehow were able to overcome them. Here, the obstacles block the passages and have to be removed.” He added, “This makes it more difficult.”

Crews were also trying to raise the yacht, which experts will examine to try to determine why it sank. Until then, experts can only hypothesize what happened.

Karsten Borner, the captain of a ship, the Sir Robert Baden Powell, which picked up the Bayesian’s 15 survivors, said in an interview that when the wind picked up around 4 a.m. Monday, the Bayesian was about 490 feet behind his vessel. Once the wind wound down, he said, he could not see the yacht anymore.

“My theory was that she was capsized first and then went down over the stern,” Mr. Borner said.

Dario Boote, a ship structures and naval architecture professor at the University of Genoa, said: “Now I imagine that a whole series of lawsuits will be triggered, obviously to ascertain whether there is any responsibility, as always happens very unpleasantly in these situations.” He said, however, that in this case, responsibility might be hard to determine. “Clearly, only once the wreck is raised will we know more,” he added.

Several fishermen told Italian news outlets that they had witnessed a waterspout. Peter Inness, a meteorologist at the University of Reading, said they were relatively common in the Mediterranean, though their occurrence and intensity are unpredictable.

“Until one actually forms, you can’t start telling people where it is,” Mr. Inness said, or “how to get out of the way.”

The inclement weather — with lightning intermittently streaking through the sky — made it hard to know exactly why the yacht sank. Col. Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said the agency had registered intense lightning activity and strong gusts of wind in the area at the time the boat sank.

The Bayesian had one of the tallest aluminum masts in the world, according to its builder, Perini Navi. “Having a tall aluminum mast would not make it the safest port to be in case of a storm,” said Andrea Ratti, associate professor of nautical design and architecture technology the Politecnico di Milano. The type of intensity unleashed by a violent lightning storm “could have created a significant shock wave,” he added.

He, too, cautioned that “a lot of questions will remain until we have other elements at our disposal.”

Modern yachts are built to withstand meteorological events of reasonable intensity, and all international naval registers suggest that new ships be designed for higher waves and more frequent and extreme weather events.

But “this seems a case of an unreasonable extreme event,” said Emilio Fortunato Campana, an expert in Naval Hydrodynamics at Italy’s National Research Council. “In that case, no ship is 100 percent safe,” he added. “I think the Titanic showed that nothing is unsinkable.”

Elisabetta Povoledo is a reporter based in Rome, covering Italy, the Vatican and the culture of the region. She has been a journalist for 35 years. More about Elisabetta Povoledo

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British tech mogul Lynch’s body found in luxury yacht wreckage

Fifteen of the 22 people aboard, including a mother who was reported holding her one-year-old baby over the waves to save her, were rescued by sailboat sir robert baden powell..

The Italian coast guard on Thursday said that the body of British tech magnate Mike Lynch, 59, was among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called it “unsinkable”.

One woman remains missing. She has not been identified, but Hannah, Lynch’s 18-year-old daughter, is reportedly unaccounted for.

The family was celebrating Lynch’s recent acquittal on fraud charges with the people who defended him at trial in the US. All passengers were his guests. Lynch’s wife, Angela Bacares, was among the people rescued.

The Bayesian — a 56-metre (185 feet) British-flagged sailing boat — was anchored some 700 metres off Porticello, near Palermo on the north of the Italian island. It was then struck by a waterspout — akin to a mini-tornado, and sank within minutes on Monday.

Fifteen of the 22 people aboard, including a mother who was reported holding her one-year-old baby over the waves to save her, were rescued by sailboat Sir Robert Baden Powell .

Termini Imerese public prosecutor’s office investigators were collecting evidence for a criminal investigation, which they opened immediately after the tragedy despite no formal suspects having been publicly identified.

According to the New York Times, the yacht was anchored on a stretch of water favoured by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires.

The chief executive of The Italian Sea Group, which owns the Bayesian ’s manufacturer, said superyachts like these are “the safest in the most absolute sense”.

“First of all, because they have very little surface compared to a yacht facing into the wind,” CEO Giovanni Costantino told Sky News on Wednesday. “Second, with the structure, the drift keel, they become unsinkable bodies.”

Investigators are now looking at why the Bayesian, built in 2008 by Italian shipyard Perini Navi, sank while the Sir Robert Baden Powell remained largely unscathed. The sailboat’s captain, Karsten Borner, said his craft sustained minimal damage — the frame of a sun awning broke — even with winds that he estimated had reached 12 on the Beaufort wind scale, which is the highest hurricane-strength force on the scale.

He said he remained anchored with his engines running to try to maintain the ship’s position as the forecast storm rolled in. “Another possibility is to heave anchor before the storm and to run downwind at open sea,” Borner told AFP. But he said that might not have been possible for the Bayesian , given its 75-meter (246-foot) tall mast.

“If there was a stability problem, caused by the extremely tall mast, it would not have been better at open sea,” he said. Yachts like the Bayesian are required to have watertight compartments that are specifically designed to prevent a rapid, catastrophic sinking even when some parts fill with water.

Lynch is the only person confirmed dead; the other bodies have not been formally identified.

“Everything that was done reveals a very long summation of errors,” said Costantino, adding that bad weather was forecast and all the passengers should have been gathered at the assembly point, all the doors and hatches closed.

Security camera footage of the ship from the shore showed the lights on its mast going out, which Costantino said indicated a short circuit, meaning that the ship had already taken on water.

“It is good practice when the ship is at anchor to have a guard on the bridge, and if there was one he could not have failed to see the storm coming. Instead it took on water with the guests still in the cabin... They ended up in a trap, those poor people ended up like mice,” he added.

Lynch’s death happened less than a week after his co-defendant, business partner, and former Autonomy executive Stephen Chamberlain, died after being hit by a car on Saturday in England. Both Lynch and Chamberlain were acquitted of fraud charges in the US by a San Franciscio court in June after a decade-long legal battle with US firm Hewlett-Packard (HP).

Lynch was once dubbed Britain’s “Bill Gates”, indicating the enormity of his business empire. However, the fraud allegations tarnished his image as a UK tech success story. Since returning home, Lynch — an advisor to two British prime ministers — had criticised the government for allowing his extradition to the US in the first place.

Lynch and his wife, who also had an older daughter aged 21, had a combined fortune of £500 million ($648 million) according to the latest Sunday Times “Rich List”.

He owed much of that wealth to his software firm Autonomy, which he founded in 1996 in Cambridge and turned into a leading British tech company. Autonomy’s search software was informed by Bayesian learning frameworks, inspiring the name of the ill-fated yacht.

Lynch sold Autonomy to HP for $11 billion in 2011 in a mega deal that raised eyebrows at the time. Just one year later, HP reported a write-down of $8.8 billion — including more than $5 billion it attributed to alleged inflated data from Autonomy —plunging Lynch into the fraud case he spent over a decade fighting.

The US prosecutors accused him of taking part in a massive scheme as Autonomy’s chief executive to deceive HP by pumping the value of the company. Lynch was extradited last year and spent a year under house arrest before being cleared.

He could have faced two decades in jail, an ordeal the entrepreneur said he would not have survived due to various medical conditions. Lynch, who made around $815 million from the Autonomy sale, always denied the fraud charges, accusing HP of making him a “scapegoat” for its own failings.

He was honoured by Queen Elizabeth II in 2006 with an Order of the British Empire (OBE) for his services to enterprise and appointed to the board of the BBC the same year.

After the Autonomy sale, he founded venture capital firm Invoke Capital, which was an early investor in cyber security firm Darktrace. However, despite the US acquittal this year, the legal saga was not over for Lynch. In 2022, London’s high court ruled in a civil fraud case that HP had been duped and had overpaid for Autonomy.

The court has yet to rule on the billions of dollars in damages claimed by the US group. David Yelland, a reputation management advisor who described Lynch as a client and friend, said in an X post it was “devastating” to think he had lost his life just as he had began to rebuild it. “His entire life is one of beating the odds in the most extraordinary of situations,” Yelland said.

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US Luxury Yacht Market Size Likely to Grow at a CAGR of 8.4% By 2033

Released Date: August 22, 2024 | Author Name: Katelin Kharrati | Location: Sandy, USA

As per the current market research conducted by the CMI Team, the US Luxury Yacht Market size is expected to record a CAGR of 8.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 4,507.5 Million . By 2033, the valuation is anticipated to reach USD 9,315.3 Million .

US Luxury Yacht Market : Growth Factors and Dynamics

• Economic Prosperity and High Net Worth Individuals : The US luxury yacht market benefits from a strong economy and a significant population of high-net-worth individuals (HNWIs) who can afford multimillion-dollar yachts. Economic prosperity and wealth accumulation contribute to sustained demand for luxury yachts.
• Technological Advancements : Continuous innovations in yacht design, materials, and propulsion systems enhance the performance, comfort, and efficiency of luxury yachts. Advanced technologies such as hybrid propulsion, eco-friendly materials, and smart systems attract discerning buyers looking for modern amenities and sustainability.
• Customization and Personalization : There is a growing trend towards bespoke yacht designs and customization options tailored to individual preferences. Luxury yacht buyers seek unique features, interior layouts, and amenities that reflect their lifestyle and personal taste, driving demand for personalized vessels.
• Rising Popularity of Charter Yachts : The popularity of chartering luxury yachts among affluent individuals and corporations contributes significantly to market growth. Chartering offers flexibility, convenience, and access to premium cruising destinations without the long-term commitment of yacht ownership.
• Expansion of Yachting Infrastructure : Investments in marina facilities, yacht clubs, and waterfront developments across the US enhance the infrastructure for luxury yacht ownership and chartering. Improved facilities and services cater to the needs of yacht owners, guests, and crew, fostering growth in the market.
• Changing Demographics and Lifestyle Trends : Demographic shifts, including an increase in younger affluent individuals and families, influence the luxury yacht market. Millennials and Generation X are showing interest in experiential luxury and adventure travel, fueling demand for yachts equipped for leisure activities, exploration, and entertainment.
• Regulatory Environment and Compliance : Strict regulatory requirements and environmental regulations influence the design, construction, and operation of luxury yachts in the US. Compliance with safety standards, emissions regulations, and environmental protection measures is crucial, impacting yacht manufacturers and operators alike.
• Impact of Global Tourism and Travel Trends : The US luxury yacht market is influenced by global tourism trends and the preferences of international travelers seeking luxurious and exclusive maritime experiences. Yacht charters and cruises cater to global tourists visiting US coastal regions and iconic destinations, contributing to the market’s growth and diversification.

US Luxury Yacht Market: Partnership and Acquisitions

• In 2023, Gulf Craft partnered with H2-Enterprises to explore hydrogen technology for its superyacht fleet, aiming to develop a zero-emissions Majesty yacht using an innovative LOHC (Liquid Organic Hydrogen Carrier) energy system. H2-Enterprises’ 13-year development in this technology enables this significant step towards sustainable maritime operations.
• In 2023, Ferretti Group unveiled the Pershing 140, its inaugural flagship model constructed entirely from aluminum at the Ancona facility. Powered by four MTU 16V 2000 M96L engines generating 2,600 hp each, it achieves impressive cruising speeds of 35 knots and a maximum speed of 38 knots.

Report Scope

US Luxury Yacht Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the US Luxury Yacht Market , with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Manufacturing and Supply Chains : The COVID-19 pandemic disrupted global manufacturing and supply chains, affecting the production and delivery of luxury yachts and their components. Delays in manufacturing and logistical challenges hindered new builds and refurbishments.
• Decline in Charter Bookings and Tourism : Travel restrictions and lockdown measures led to a decline in yacht charter bookings and tourism-related activities. Reduced international travel and uncertainty among affluent consumers impacted demand for luxury yacht experiences.
• Pent-up Demand and Resurgence in Travel : As restrictions eased and vaccination rates increased, pent-up demand for luxury travel experiences, including yacht charters, surged. Affluent individuals sought exclusive and secluded travel options, driving a rebound in yacht charter bookings.
• Emphasis on Health and Safety Protocols : Yacht operators and charter companies implemented rigorous health and safety protocols to reassure clients and mitigate COVID-19 risks. Enhanced cleaning procedures, crew training, and flexible cancellation policies restored confidence among travelers.
• Shift Towards Domestic and Regional Travel : The US luxury yacht market benefited from a shift towards domestic and regional travel preferences. Yacht charters provided a safe and private travel option, appealing to consumers seeking exclusive experiences closer to home.
• Promotion of Flexible Booking and Payment Options : Yacht charter companies introduced flexible booking terms and payment options to accommodate changing travel plans and uncertainties. This approach increased accessibility and encouraged hesitant consumers to book yacht charters.
• Adoption of Digital Marketing and Virtual Tours : To adapt to travel restrictions and consumer preferences, yacht brokers and charter companies leveraged digital marketing strategies and virtual tours. These initiatives enabled potential clients to explore yacht offerings remotely and make informed decisions, facilitating market recovery.

In conclusion, the COVID-19 pandemic has had a mixed impact on the US Luxury Yacht Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the US Luxury Yacht Market :

• Ferretti Group
• Azimut Yachts
• Sunseeker International
• Princess Yachts International
• Benetti Yachts
• Heesen Yachts
• Riva Yachts
• Hatteras Yachts
• Viking Yachts
• Marquis Yachts
• Pershing Yachts

The US Luxury Yacht Market is segmented as follows:

By Yachts Type

• Motor Yachts
• Sailing Yachts
• Explorer Yachts
• Sports Yachts

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What is known about the sinking of a luxury yacht off the coast of Sicily and those aboard

Italy Boaters Missing Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, Tuesday, Aug. 20, 2024. Rescue teams and divers returned to the site of a storm-sunken superyacht Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull 50 meters (164-feet) underwater. (AP Photo/Salvatore Cavalli) (Salvatore Cavalli/AP)

PORTICELLO, Sicily — (AP) — Specialist cave divers working in 12-minute underwater shifts were searching Tuesday for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and swiftly sank off Sicily.

The sleek yacht, named the Bayesian, was carrying a crew of 10 people and 12 passengers when it suddenly sank near the Mediterranean island that is part of Italy at about 4 a.m. on Monday. One body has been recovered and 15 people survived.

Fire rescue officials have said the six believed to remain in the sailboat's hull will be considered missing until they are located in the wreckage.

Here's what we know so far about the sinking and those who were on board.

Italian civil protection officials believe a sudden and fierce storm that battered the coast of Sicily in the early hours of Monday whipped up a waterspout in the exact spot where the 56-meter (184-foot) British-flagged Bayesian was moored.

Karsten Borner, the captain of another yacht moored nearby, said he saw the Bayesian during the storm but when the wild weather passed it was gone and he saw only a red flare lighting the night sky, the Italian news agency ANSA and the Giornale di Sicilia newspaper reported.

Borner and one of his crew boarded their tender and found a lifeboat carrying 15 people, some of them injured. They took them aboard their yacht and alerted the coast guard.

Rescue authorities said the wreck was resting at a depth of 50 meters (163 feet) about a half mile offshore of the picturesque fishing village of Porticello.

Among the missing is 59-year-old tech tycoon Mike Lynch , sometimes described as the British Bill Gates. Lynch was acquitted in June of all charges in a U.S. fraud trial linked to the $11 billion sale of his software company Autonomy to Hewlett-Packard in 2011.

Lynch still faced a potentially huge bill stemming from a civil case in London that HP mostly won during 2022. Damages haven’t been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

A Cambridge-educated mathematician, Lynch made his name running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.

Lynch’s 18-year-old daughter Hannah was reportedly among the missing. His wife, Angela Bacares, and 14 other people survived.

Among others still missing Tuesday, according to the civil protection agency, were one of Lynch’s U.S. lawyers, Christopher Morvillo of Clifford Chance, and Morvillo’s wife, Neda. Morvillo was regarded as an elite defense lawyer and was also a federal prosecutor in New York after 9/11.

Also missing was Jonathan Bloomer, the non-executive chairman of Morgan Stanley International, and his wife, Judy. He is the former head of the Autonomy audit committee and testified for the defense at Lynch’s trial.

Bloomer was also chair of the Hiscox Group, an insurer that does business on the Lloyd’s of London market.

“We are deeply shocked and saddened by this tragic event,” Hiscox CEO Aki Hussain said in a statement.

Among the survivors was Charlotte Golunski, who said she momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety, ANSA reported. The father, identified by ANSA as James Emslie, also survived.

The Dutch foreign ministry said a Dutch man survived. The ministry, citing privacy, did not release his identity.

One body was recovered on Monday, identified as the on-board chef.

The Bayesian was a luxury yacht built in 2008 by the Italian firm Perini Nav. It was known for its single 75-meter (246-feet) aluminum mast — one of the world’s tallest. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.

Its registered owner is listed as Revtom Ltd., based on the Isle of Man, according to online maritime database Equasis. Lynch’s wife is listed as Revtom’s sole owner, according to corporate registration documents from the Isle of Man.

The yacht's name is an apparent reference to “Bayesian inference,” one of the two main approaches to statistical machine learning and the one that was used by Autonomy.

Waterspouts are tornadoes that form over water and can happen when a storm moves across warm water.

According to the U.S. National Ocean Service, there are two types of waterspouts — fair-weather and tornadic.

Tornadic waterspouts “have the same characteristics as a land tornado. They are associated with severe thunderstorms, and are often accompanied by high winds and seas, large hail, and frequent dangerous lightning,” the service says on its website.

While scientists haven't attributed the specific event to climate change, average monthly surface temperatures have been at record highs for months . Hotter air can hold more moisture, making heavier storms more likely.

Sicily has been baking under intense heat this summer , and the United Nations' panel of climate change experts notes the Mediterranean Sea is particularly vulnerable to climate change, with warming rates roughly 20% higher than the global average.

Experts say it is extraordinarily rare for a luxury sailboat of this size to capsize due to weather events.

“This just doesn’t happen. You know, boats sink because things like keels fall off, or they run aground and breach the hull ... whereas just from a weather angle, a boat that big being pushed over on its side is absolutely extraordinary,” said Skip Novak, a lifelong sailor who has taken part in multiple round the world yacht races and written books about sailing.

Novak said he believed that strong gusts likely pushed the yacht over 90 degrees to its side, and the vessel did not recover because of the weight of the huge mast and because it was anchored. He suggested that internal doors were likely not closed, and water quickly poured in to sink the vessel.

“When you’re at anchor, even if it’s blowing with a storm in the Mediterranean, you rarely shut the whole boat down because nobody expects something like this to happen," Novak told The Associated Press. “So if the boat wasn’t completely watertight at the deck, you’d have flooding going in. It would take a couple minutes and that would be it."

As the search for the missing continues, authorities already have begun trying to piece together exactly what happened.

Prosecutors from the Sicilian town of Termini Imerese have opened an investigation, as is normal in such events even when no suspects are identified. To date, they have not commented publicly.

The British Marine Accident Investigation Branch said four of its inspectors were being deployed to Palermo.

Corder reported from The Hague, Netherlands. Associated Press writer Sylvia Hui in London contributed to this report.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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