Cecil Wright & Partners has announced its appointment as the worldwide central agent for the 62m Feadship motoryacht, New Hampshire. Built by the Dutch yard in 2005, she was sold to her current owner in 2016 and has since been upgraded significantly. She is for sale at €44.95 million (VAT paid).
All in all, the current owners have spent around €8 million on the boat since 2016: €2.7 million on engineering; €2.2 million on the interior; €2.1 million on the exterior; and €710,000 on AV/IT.
“The current owners spent a lot, thinking they would hold onto her for ages, but they ended up changing their minds,” Smith said. “She’s essentially a brand-new classic boat. The engines and generators were overhauled, her paintwork was done at Pinmar [a €1.5 million job]. There’s really no work that needs doing.”
GYG plc (LON:GYG) was formed from the joint venture of two global superyacht painting, service and supply companies, Pinmar and Rolling Stock. GYG operates six market leading brands; Pinmar, Pinmar USA, Pinmar Supply, Rolling Stock, ACA Marine and Techno Craft.
