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Blog | Jaw dropping Superyacht news

February 22, 2012

Jaw dropping Superyacht news

In the last several weeks there have have been some major developments in the superyacht arena. While 26 North focuses on preowned models we keep a close eye on events in our industry, including new builds, launches and charter news.   Here are a few stories we think may interest you.

The world’s most expensive yacht… a hoax?

It was a huge story in superyacht media especially since Luxury yachts continue to get bigger and more expensive. But, even the rare few who elevate themselves to become a owner of a new or pre-owned superyacht, took a step back in awe at media reports of a man who may have spent $4.8 billion to build a solid gold yacht called History Supreme.



The gentleman’s name, said reports, was Robert Kuok, the richest man in Asia with a net worth of $4.8 billion.  He apparently asked the iconic luxury jeweler, Stuart Hughes to wrap up the sleek power luxury yacht in 100,00kg of precious metals, including platinum and gold.  Even the anchor is wrapped in gold!

But, the whole thing turned out to be an elaborate hoax. 

“Whatever it was, the story certainly received wide coverage. But canny marine publications, such as Motorboat Monthly and Megayacht News, soon cast doubts on whether History Supreme really existed,” said the New Zealand Herald.

By the way, Stuart Hughes, the flamboyant designer also owns rock-studded iPhone 4 reputedly valued at over £5m but perhaps this is also bending the truth!

Rugby World Cup greets a 92m superyacht

As South Africa get ready to defend their world cup in NZ, The Mayan Queen IV, a 92m luxury yacht owned by Mexican billionaire Alberto Bailleres, will be nearby enjoying the festivities.

Other superyachts will be there, but the Mayan Queen IV outshines them all, in size and specifications. The five-deck launch can sleep 16 guests and 24 crew, and has an outside bar, spa, sunbathing spaces and smaller pleasure boats available to use.

According to the New Zealand Herald, one of the featured events is a superyacht captains’ forum, to be held on September 15 and 16, designed to promote local refit companies.

The Rise of China

Meanwhile, luxury yacht builder, Azimut has formed a joint venture in China to boost its global expansion strategy, which calls for an international profit contribution of 10%. 

It’s teaming up with Hong Kong-based AZ Investment Management Group which offers advisory services to Chinese banks, trust firms and security houses in targeting wealthy  individuals and institutions.

As an aside, check out one of our showcase preowned 102ft Azimut for sale on our YouTube channel.   She is priced to sell and features an extensive 2004 refit.

180-foot yacht leaves Florida yard

The Newcastle 5500 has become the 9th largest luxury yacht built in the United States and will make an appearance at The Fort Lauderdale Boat Show in October.  Newcastle is gearing up to build bigger more expensive yachts  with the 5500 tagged as Hull No. 1.  The 180-foot Newcastle features six staterooms with trans-Atlantic range.

Reminder: Fort Lauderdale Boat Show

Just a reminder that the Fort Lauderdale boat show is less than 48 days away. If you have been reviewing our hot deals and wish to pre-arrange a boarding in the run-up to the show please contact us.  We are also aware that you may be flying in from out-of-state or from an international destination. We would be glad to help you build a boarding pass itinerary.  If you have a tighter deadline consider joining us at the Bahia mar on September 18th for the Brokers Open House which will feature 14 yachts on display.

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