Bidding has ended
  1. Yacht Auctions
  2. Principal Interest - 59ft Farr 2009

59ft Farr  2009  Ft. Lauderdale, Florida

Bidding Ended: February 27, 2024

"Principal Interest" Vessel Overview

Principle Interest is a performance deck saloon fast cruiser from Farr Yacht Design. Built in 2009 by Swedish craftsman at Ericsson Technoyachts, known for their Volvo Ocean race winner also in 2009. The design brief was to create a capable, safe, fast cruising yacht that can be operated by an experienced couple. Principle Interest remains a design that is a viable threat today, with her owner achieving a top speed of 21 kts in 28 kts beam reaching.

AUCTION PROCESS: Auction participants register to bid by clicking the “Register To Bid” button and placing the required bid deposit of $30,000. Bidding will open at $300,000 and the official reserve price is $375,000.

Documents

Purchase & Sale Agreement
Patton Survey Jan 2024
Patton Survey Recommendations Jan 2024
Survey Recommendation FIXES Feb 2024
Rig Survey Dec. 2023
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Download Documents
Patton Survey Recommendations Jan 2024
625.6 kb
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Survey Recommendation FIXES Feb 2024
113.4 kb
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Auction Activity
Current Bid:
$0,000,000
Started at $200,000
Current Ask:
$0,000,000
Bid Increment $00,000
Time Left:
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Time is running out!
Last chance to register to bid.

What's This?
Reserve & No Reserve Auctions
Reserve — The yacht will sell to the highest bidder at or above a pre-determined price.
No Reserve — The yacht will sell to the highest bidder with no minimum bid that must be exceeded.
Opening Bid Incentive
An Opening Bid Incentive up to 8% is offered as a credit to reduce the purchase price. See Opening Bid Incentive form for individual auction details in the "Documents" section.
Buyer's Premium
The 8% Buyer’s Premium is Boathouse Auctions’ fee for managing, marketing, promoting, and advertising each auction and is paid by the successful bidder based on their highest final bid price.
Co-brokerage Commission
A brokerage commission paid by the Seller to any properly registered Yacht Broker whose client is the successful Buyer and completes the purchase of the Yacht.