Photo by Billy Black

Why are the prices grayed out?

Anyone can view the current bids as long as they are signed up and logged in to the site. To see prices and current bids, for free today!

Once I sign up can I bid?

Not quite — members must first Register to Bid and provide a deposit/escrow. See the auction listing for specific details pertaining to each particular vessel.

What is the registration and bidding process?

Once you have signed up a Register to Bid button appears on active and upcoming Auction pages. All auction participants must Register to Bid prior to bidding on any vessels. Once registered, a deposit/escrow is required to bid. Details can be found within each auction listing. Should you have questions regarding registration or how to place a bid, don’t hesitate to contact us.

What is required of the seller?

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 in the “Vessel Detail” box. Since all sales are final and unconditional, surveys give prospective buyers a reasonable understanding of the vessel condition prior to performing their own due diligence within the auction preview period. Learn more.

What is the role of the yacht broker?

The broker’s responsibilities remain unchanged. Brokers address questions, perform showings, attend sea trials, and manage the closing and financial transactions. 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. Learn more.

How do brokerage commissions work?

Listing Brokers and Selling Brokers are compensated via commission terms outlined in the listing agreement. We do not conduct auctions without a Listing Broker and commissions offered to the broker representing the buyer. The results are simply better through collaboration with yacht brokerage professionals.

Are pre-auction sales available?

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.

Are sales final and unconditional?

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. A seller’s survey report is provided with each listing to add transparency and aid prospective buyers in determining interest. Bidders are welcome to utilize a surveyor of their own to conduct a traditional survey, validate existing information, or provide further inspection.

What is the 2 minute rule?

When bids are placed within the final two minutes of an auction, the clock is automatically reset to two minutes. This functionality is in place to deter just-in-time, last-second bidding while also allowing each bidder the time needed to consider and input their next bid. Boathouse Auctions also reserves the right to extend or alter final auction-end times, as necessary.

What is the 6% buyer’s premium?

Prospective buyers are able to name their price via a straightforward, transparent bidding process. The 6% Buyer’s Premium is Boathouse Auctions’ fee for managing, marketing, promoting, and advertising each auction. This 6% fee is paid by the successful bidder, based on their highest final bid price.

How do I know if an auction has a reserve?

If there’s a reserve price, the reserve is clearly stated in each auction listing. Bidding, however, will open slightly below the reserve price. If the reserve is met or exceeded, the vessel will be sold to the highest bidder. Should bidding finish below the reserve price, the seller holds the right to accept or reject the offer for a period of 24 hours following completion of the auction.

Helpful Resources

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