Ft lauderdale boat show update

[The Bill Collector]

Good Afternoon:

I thought you might be interested in the activity from the Fort Lauderdale International Boat Show last week.

The activity at the Westport display was outstanding, many current owners with a good amount of new clientele came through our new and brokerage boats. Westport is currently working on a contract on a new 85’ Pacific Mariner. We secured a purchase on a new 112’ Westport and are waiting on a final contract agreement on a new 40 meter.

In speaking with fellow brokers in the industry, overall, sales were down.

Viking reports only three new boat owners, which is down from the normal double digit order book.

Hatteras blew out existing inventory, talk on the dock was they sold an in-stock 90’ motor yacht. They are still sitting on a 105’ cockpit yacht that is now two years old.

Brokerage activity was next to nothing. The sportfish dock, which features all brands represented by HMY, Galati, Luke Brown and many others, had a fantastic line-up of clean product, but, no activity.

Hopefully, we will see an increase in interest over the next few months and have better results at the Miami Boat Show in February.

As always, should you have any questions or if I may be of any assistance to you, please do not hesitate to call.

Best regards,


Jeff Oliver
WESTPORT
2957 State Road 84
Fort Lauderdale, FL 33312
(954) 316-6364 Office
(954) 316-6365 Facsimile
(954) 303-4525 Cell

PPlease consider the environment before printing this e-mail

 

[Chris R]

Interesting. I was wondering how that show went. As a side note (Mark) I had to read this twice. At first I thought YOU were purchasing a new Westport 112 .

 

[sbw1]

I read somewhere, maybe the WSJ, that custom builder sales are up.

 

[Boulder GT3]

Great summary on the show and it pretty much mirrors what I've heard. The big big stuff is moving fine with an estimate that 30% of the mega boats traded hands. The smaller, call it 65' and under, is very very slow. I was offered a 58' Bertram with 40 hours on it for $950K. The boat sold for $1.8M as short while ago. It didn't sell. I had my boat at a yard the week before and they are usually jammed 30 days prior to the show. No trouble getting me in on 24 hours notice. The guy who cleans my boat is usually unobtanium around the show and he had nothing going on. Some great used boats in great shape are selling at terrific prices but overall the market is nothing like it was 2 years ago.

 

[Chris R]

I know at the show here (Seattle) in September an Ocean Alexander 54 - 1.3 mil, and a 60 -1.6 mil (both Trawlers) sold at the show. The week after the show a Selene 55 Widebody brokerage boat with 80 hours on it sold (I'm suspecting to an interested buyer from the show). I'm only aware of these because we spent a small amount of time at each of these dealers places on the docks.

Not sure how many/if any of the Sea Ray's or Meridian's sold there.

 

[Mystic Dreamer]

I attended the show on October 29th and crowds were thin compared to a few years ago. (Thursday is the VIP day where admission prices are double, so I did expect less traffic). It seemed like it was mostly window shoppers as it did not look like many salesmen where actually in the process of real negotiations or deal writing.

It was also interesting that Fountain, who used to have a huge display, had only 3 boats and it was Reggie Fountain himself offering tours and sales pitches. I guess the Fountain bankruptcy has really taken it's toll...

One good thing about the show (other than the awesome display of boats) is that I was able to pick up three "packs" of Shamwows! for only $20. Those things are great for the boat!

Brian

 

[The Bill Collector]

Interesting. I was wondering how that show went. As a side note (Mark) I had to read this twice. At first I thought YOU were purchasing a new Westport 112 .

I wish Chris.... But I didn't win powerball yet....

Sorry I did a poor job of cutting and pasting....

 

[Mr Salt]

My wife and I were at the show for four days. It was way down from prior years even the year that Wilma hit the show. The mega yachts that used to be fender to fender had day light between them. The convention center was down to one floor of which one half of that floor was people selling things other than boats. The Pier 66 marina was only half full, most interesting thing there were the two 100 ft yachts that had been ceased by the feds. There were a lot fewer boats at Bahia Mar. Most important of all there were no crowds like other years. The industry sucks right now, let's hope we get out of the slump soon.

 

[Chris R]

I wish Chris.... But I didn't win powerball yet....

Sorry I did a poor job of cutting and pasting....

Yep, nothing wrong with dreamin' , right? The main reason I purchase Mega Millions tickets is that boat "dream". Can't win if you don't play!