You can watch the auction and view all bids in real time by either clicking ‘Register to Watch’ or registering as a bidder through ‘Register to Bid’. Please note that once an auction ends, prices and bids will no longer appear on our website.
Choosing to watch an auction grants users access to real-time pricing, bids, and the ability to watch the auction unfold. Additionally, you can download all available vessel documentation. To utilize this feature, select ‘Register to Watch’ on any upcoming or ongoing yacht auction.
To participate, users can Register to Bid on each individual auction listing page. Prospective buyers are required to place a bid deposit into escrow when registering. Specific instructions can be found within each auction listing.
The seller must provide hull and engine surveys performed by well-known, respected surveyors. The survey is provided as an independent assessment of the vessel for prospective buyers and will be posted in each auction listing. Since all sales are final and unconditional, surveys give prospective buyers an understanding of the vessel’s condition prior to performing their own due diligence.
The broker’s responsibilities remain unchanged. Brokers address questions, perform showings, attend sea trials, and manage the sale and closing. It is important to note that all prospective buyer due diligence is conducted during the preview period. After the auction is complete, sales are final and unconditional.
Brokers are compensated according to the commission terms outlined in the listing agreement. We do not conduct auctions without a Listing Broker, and commissions are paid to the broker representing the buyer.
Yes, vessels at auction are available for pre-auction sale. If a prospective buyer makes an acceptable offer, the vessel will be removed from the platform prior to the start of the auction.
Yes, all sales are final and unconditional. Unlike a traditional yacht sale where due diligence is performed after the initial agreement and price negotiations, all due diligence is performed prior to bidding. Survey reports are provided with each listing to add transparency and to aid prospective buyers in determining their level of interest.
A “soft gavel” is an automatic time addition to the auction clock when a bid is placed in the final two minutes of an auction. Soft gaveling allows time for all bidders to consider and place their next bid.
Prospective buyers are able to name their price via a straightforward, transparent bidding process. 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.