With a time-sensitive live online auction approach, Boathouse Auctions creates a sense of urgency in an otherwise sluggish traditional yacht market. End the back and forth negotiations, operating costs, annual depreciation and disappointment.
Traditionally, selling a yacht is often at the mercy of factors largely caused by market inefficiencies. Boathouse Auctions has a different approach to yacht sales which addresses limitations through improved process and technology. With a highly proactive advertising and marketing approach, prospective buyers are presented with excellent buying opportunities with which they compete with other interested parties from around the world.
Boathouse Auctions’ accelerated sales approach places sellers back in control of their listings. Sellers and listing brokers decide on the date they want the yacht sold as well as the associated terms.
Sellers are provided with metrics leading up to the auction date, including opening bids and offers, often giving sellers the option to sell prior to the start of the auction.
Pictured: Viking 82′, Grander Ambition SOLD at Auction.
Boathouse Auctions collaborates with listing brokers to establish a unique strategy for each individual yacht. Our marketing team actively promotes each auction to prequalified buyers across the country, or the globe when appropriate. Our media relations extend throughout the yachting industry, including major yachting publications, newsletters, and social media.
Pictured: Broward Yachts 106′ SOLD at Auction.
Brokers’ responsibilities remain unchanged. Literally. Brokers continue to address questions, perform showings, attend sea trials, and manage the closing and financial transactions. Our approach is turnkey and quick, allowing brokers to provide prospective bidders documentation such as surveys prior to the auction. By doing so, this considerably reduces friction in the sales process by having all buyers determine a vessel’s worth based equal and identical information.
Watch interview with Molokai Strait 75’ owner, Ed Lipkin, captain Sarah Lowell, and Wheelhouse Technologies’ Craig Parkhurst.
Auction Process
Sellers and listing brokers decide on the date they want the yacht sold. Boathouse Auctions provides owners the opportunity to sell quickly, yielding the highest possible net return in typically about four weeks.
Sellers set the reserve price and capitalize on the finite timeline and urgency of auctions. With Boathouse Auctions, our time-sensitive approach accelerates the process while eliminating costly days on market due to normal carrying costs, depreciation, inflation, and opportunity costs for alternative uses of capital.
Sellers provide surveys completed by well-known, recognized, and accredited surveying specialists. Hull, engines, and mechanicals are surveyed for power vessels while rig inspections are also included for sailboats. Surveys are available to all bidders prior to bidding.
Brokers’ responsibilities remain unchanged. Literally. Brokers continue to address questions, perform showings, attend sea trials, and manage the closing and financial transactions. Our approach is turnkey and quick, which considerably reduces friction in the sales process by having all buyers name their price within a defined timeline set by the seller.
Boathouse Auctions shines a light on your vessel to raise it above the noise of the traditional brokerage market. We collaborate with listing brokers to establish a strategy for each individual yacht and our marketing team actively promotes each auction to bidders across the globe.
Boathouse Auctions enables buyers and sellers to participate in live online yacht auctions from their computer or mobile device in real-time from anywhere in the world. Our fully integrated, turnkey, time-sensitive online auction platform aggregates prequalified buyers to bid on each listing. If a prospective buyer makes an acceptable pre-auction offer, your vessel can be removed from the platform prior to the start of the auction.
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.
Don't just take our word for it.
Do you have a vessel or listing that seems to be priced about right but just isn’t selling? Have you had multiple people interested – yet there is a lack of urgency? With Boathouse Auctions, our time-certain approach accelerates the process while eliminating costs to provide an optimal net return.
