Choosing the Best Brokers for Mega Yachts, Super Yachts, and Luxury Yachts
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We ensure that we build up a close relationship with our clients, based upon trust, honesty and dedication in order to give them the best service offered within the yachting industry.
BGYB is a member of the MYBA — Mediterranean Yacht Broker Associationwhich the most important international brokerage companies belong to and whose commercial terms and uses have become an international reference for the yachting industry. BGYB plays a significant role in the brokerage world, with offices scattered internationally: Despite the difficulties of the uncertain economic climate, the close of proved fruitful for BGYB.
For these reasons, we have been entrusted with the exclusive sales management of some of the most prestigious yachts in the world. More recently, BGYB announced its partnership with Ice Yachts, an innovative boatyard that draws on the experience of Felci Yacht Design to create the most progressive sailing yachts on the market. Such business represents what has been a truly successful half ofand having already broken our yearly sales record, we at BGYB are confident that the yacht market, and our place within it, will continue to grow and thrive.
Last year was highly successful for the BGYB charter department, proven by the number best yacht brokers in the world charter booking days which doubled from Now over half way throughanother prosperous year is coming to a close. Ever since, Youri has worked alongside Lisa Spiller, our dedicated charter manager, to combine their expertise in yacht racing charter. This Racing Folio aims to display a selection of racing yachts available for charter, helping our clients to realise their diverse racing ambitions.
This year, we best yacht brokers in the world seen the addition of several new charter yachts to our fleet. At BGYB, we plan to expand our current selection of charter yachts to include more yachts over 30 metres long, focusing on a wider selection of motor yachts.
Moreover, having established a strong partnership with the famous Southern Wind fleet, we intend to maintain this successful collaboration for years to come.
As the summer season is coming to a close and the busy Christmas and winter season approaches, the BGYB charter team will continue to deliver excellent customer service, providing our clients with unforgettable charter experiences. Not only he had been an international renowned skipper, having best yacht brokers in the world most of the major solo racing events, he was a free spirit and a delight to work with.
This has been highlighted by our growing charter fleet and i ncreased sales potential due to sales prices stabilizing to an equalled low level across the global market. BGYB has gone from strength to strength in recent times with both our sales and charter brokerage departments making huge advances into their respective markets, collaborating with some the top brokerage firms in the world. In recent years the turbulent economic climate has meant that it has sometimes been difficult to predict market shifts, however, in recent months increasing numbers of brokerage firms are reporting improving sales figures and stable prices.
This newfound confidence has rejuvenated yacht brokerage around the world. BGYB has announced over 25 price reductions since the start of to continue market stimulation and keep prices competitive. We believe that the future is getting brighter for the international superyacht market and that BGYB will continue to expand as one of the leading brokerages.
Perhaps the most the successful aspect of has come from the charter department at BGYB. Introduced in by our highly regarded charter manager Lisa Spiller, a partner with BGYB, it is no secret that the growth of international charters at BGYB has increased dramatically since Our charter fleet is increasingly specialized with the majority of our yachts between 18 and 50m long. It has been an excellent year for charter activities so far, with BGYB doubling the number of charter booking days fromand after these results we expect to add even more CA charter yachts to our fleet.
BGYB has been delighted as we have many clients who return to charter with us each, and often many times, a year! BGYB Charter is just coming out of the back of one of the most successful summers since its founding, and based on current evidence there is no sign of it slowing down. We anticipate more business coming into the winter season and the year to come. From our perspective, has been a year of celebration and reflection on what we have achieved in the last two decades, and where we will move the company forward to next.
With the continued expansion of both sales and charter departments of the company, combined with a very precise marketing strategy, and partnerships with other luxury brands, the next chapter of BGYB has already begun to write itself.
We are very excited to have reached this milestone in our history and we invite you to join us for the next. A rugby player until the age of 22, Bernard Gallay was to be swayed towards the path of oceanic adventures after a fortuitous encounter inwith the sailing legend Sir Robin Knox-Johnston. Having accomplished the first ever single-handed non-stop circumnavigation inSir Robin was best yacht brokers in the world seasoned professional and for three years, sought to teach Bernard all that he knew.
On his way home, having been disqualified for two forced pit stops, Bernard reflected on another direction best yacht brokers in the world which he could take his passion for yachts and in turn, was inspired to break into the world of yacht brokerage himself. FR and finished 8th out of the 24 participants. The following year, Bernard Gallay turned the page on his racing career and instead focused all his energy on the development of BGYB.
The company went from strength to strength with the arrival of several experienced sailors and racers whom he met during his time sailing. The best yacht brokers in the world of single-handed racing are long gone, but exciting challenges remain on the horizon: InLisa Spiller launched the Charter Department which has truly flourished ever since.
She now manages 25 yachts ranging from 20m to 50m in length, as well as the charter of yachts up to and exceeding 70m best yacht brokers in the world an international clientele. Without forgetting their roots in offshore racing and regattas, BGYB are ever present at international yachting events, including the most prominent yacht shows Monaco, Cannes, Antibes and large sailing regattas St. Barths Bucket, Voiles de St.
Tropez, Palma Super Yacht Regatta. To enhance the BGYB brand further in the near future, we aim to constantly pursue new ways in which we can develop and improve the quality of service for our clients and strengthen each of our locations over time and in performance. The yacht brokerage market has been through a tough period in recent years, yet BGYB can report a healthy increase of sales since the start of It is evident that the market has favoured the buyer in this period and the key has been maintaining the strong rapport between the brokers and the sellers.
Our expert team have been able to study the market, find the limit in terms of yacht value and explain the trends to the sellers. Often this has lead to price reductions, which have begun to feed the market expectation and generate strong interest from potential clients.
We can report a successful winter season in the Caribbean and having fortified our Central Agency listings for charter we can foresee a busy and prosperous summer season here in the Mediterranean. As ever, we eagerly await the upcoming yacht shows and superyacht regattas.
As well as celebrating two decades on the market, best yacht brokers in the worldwe also look forward to many more, developing the BGYB brand. In general, has thus far proved to be a tough year for the Brokerage market. However, with a great deal of hard work and effort, BGYB has produced an increased number of sales compared to that of A positive first eight months allows us to believe that the year will end well and that we will continue to achieve a healthy amount of sales during the final quarter of Sales and transactions have never before required so much commitment and time but despite this, BGYB are forecasting an increase in the number of yacht sales and sales commission income, provided that the current trends continue until the end of the year.
Carefully following the market during the sales process and adapting the price to suit the trends is the secret to success in the brokerage market. It is for this reason that BGYB, in compliance with the owners, has significantly reduced the price of over 25 yachts since the turn of the year. As long as the sellers continue to be reasonable about pricing and are not tempted to overvalue their yachts, we believe that the yacht market will remain stable in the near future and best yacht brokers in the world progress into a more dynamic industry.
Equally impressive is the duplication of the number of charter bookings since last year and we are negotiating even more central agency signings as we speak. We look forward to the superyacht regattas and boat shows over the coming months. Tropez and Best yacht brokers in the world Middle Sea Race.
With a growing charter department and an ever-strengthening network, spanning from Russia to Turkey, BGYB continues to be a thriving firm amidst challenging times. Therefore, we look forward to tackling any obstacles that may arise in with confidence and a positive outlook. However, BGYB were able to profit from a string of large yacht sales in the last quarter of ending the year on a more positive note. It is worth pointing out that both best yacht brokers in the world were based in Turkey highlighting the dynamic and strengthening market there.
BGYB is very excited to continue working in this area and with our offices based in Marmaris. Thanks to a highly developed marketing campaign, more and more yacht owners have been entrusting BGYB with the sale, and also charter, of their yachts.
An area of particular interest will be the m range with analysts reporting increasing interest for this size. Further to this, BGYB has also been developing its relationships with banking associates with a view to offering an improved service for best yacht brokers in the world financing of yachts. Our advice to sellers continues to be that competitive pricing and an emphasis on quality will always be attractive prospects to potential buyers.
In times when the yachting industry has been suffering, it is the professionalism and reputation of BGYB that continues to set us apart. Nowhere is this more true than in our charter department which has been delighted with the ever increasing number of repeat clients and has even secured bookings for !
We expect this trend to continue and are very much looking forward to the opportunities it presents in the year to come. Despite a tough 6 months for the superyachting industry, in an economy that has not yet recovered to the level it was at untilsignificant price reductions have continued to stimulate the sales market, and this has triggered consistent activity in the industry.
In terms of racing, Bernard Gallay is preparing to witness an exciting few months to come. The charter side of the company is also gearing up for exciting times in the racing world, with yachts involved in best yacht brokers in the world of the most prestigious events the sailing world has to offer. First launched inthis regatta opens the Mediterranean superyacht calendar and attracts an ever-increasing fleet of sailing yachts.
In the last few years, passion and enthusiasm for large yachts sailing regattas has increased considerably, and our developing repeat client base, notably from Russia and North America, demonstrates the confidence and loyalty that they have in our company. Quite apart from racing, holiday charters have also seen much success in the last months.
The uncertainty of the yacht market has tended to boost charter with luxury yachts, as clients prefer to enjoy the yachts when and where they need, rather than take the step towards ownership. The company is also looking forward to the forthcoming Boat Show season, and will be present at both the Cannes and Monaco shows taking place in September.
Despite an economic climate that remains uncertain, BGYB can be optimistic for the year to come, having had a positive first half ofwith consistent and stimulating activity in the market. During the transition period between andBGYB and indeed the whole yacht market have seen significant price reductions on vessels of all shapes and sizes. With prices continuing to drop, buyers have started to become increasingly active in the market at the start of this year suggesting that buyers who have waited are benefitting greatly.
The price reductions that we have seen have already started to stimulate and re-boot the market resulting in more enquires and more sales. With best yacht brokers in the world increase, the market will no doubt re-establish itself and prices will soon return to their normal levels. Best yacht brokers in the world sales and purchase side of our business has taken a significant step forward in recent months.
This cooperation with our colleagues in the industry allows us to share our resources, build stronger relationships with our clients and provide an outstanding service.
Perhaps the most exciting news that BGYB has to announce since autumn is the opening of our new office in Turkey. They operate along the entire Turkish coastline as well as in Greece, Lebanon and Israel. A presence in best yacht brokers in the world market is not only important for us in the further development of our brand and business but we also strongly feel that this is a market that will develop considerably in the coming years.
On the charter side of the business, we have seen continual development and have not experienced a single step back since we moved into the field five years ago. This fantastic nomination further highlights the quality of the yachts we have available for charter. In the last few years, the passion and enthusiasm for sailing regattas has increased considerably and we have attracted business from clients wanting charters for racing events such as Les Voiles de St.
The most rewarding aspect about this is that many of these customers are repeat clients, which demonstrates the confidence and loyalty that they have in our business and reflects the excellent service we offer. In addition, we have seen growing activity in catamaran charter over the last year as we have experienced more and more interest in yachts of this type. This competition highlights some very accomplished chefs and charter yachts that currently represent the best standards of creativity in the culinary world.
From mid-March onwards, signs of improvement in world finance means we have received more and best yacht brokers in the world contact from potential clients in both sales and charter sides of the business, which is very promising for the rest of the year to come.