Superyacht valuation question...

click to enlarge

This chart shows the evolution of the asking price of a well known second hand megayacht: guess what is the name of the yacht?

Recession in luxury goods: a buyer market !

Fort Lauderdale-based broker Anchor Yachts says sales of yachts in the $200,000 to $800,000 range have declined 50%, prompting sellers to cut prices by as much as 20%.

>> More information on CNN: http://money.cnn.com/galleries/2008/fortune/0804/gallery.luxury_recession.fortune/4.html

>> Other article on The Wealth Report web site:http://blogs.wsj.com/wealth/2008/04/10/yacht-prices-sinking-fast/?mod=WSJBlog