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Owners slash prices to move luxury yachts at boat show
Rows of perfectly polished yachts lined Victoria Inner Harbour at the annual Floating Boat Show this weekend, but for many this year, the economy has put the dream of owning a luxury watercraft a lot further out of reach.
Yacht brokers were turning on extra charm Saturday as they tried to offload their clients yachts, which has proven more difficult than ever with the market for pleasure boats in freefall. Some have slashed prices, pressured by owners desperate to sell but stonewalled by a lack of buyers.
are Canadian people who seriously need to sell this boat.
Durksen, who specializes in selling boats worth half million dollars or more said prospective buyers are down 80 per cent. of them have the money but are in a wait and see mode. Yacht Brokers Association and ends Sunday
Victoria attracts more high end, serious clientele, because of the number of wealthy retirees, said Cesare Verrelli, a broker for Freedom replica hermes handbags Marine, who was showing a $2 million yacht adorned with cherry wood panelling, cream coloured leather upholstery and a glass spiral staircase.
The two owners are looking for a third copy hermes bags partner to split the cost, a route some are taking to make owing a yacht more practical and affordable.
Verrelli concedes the downturn in the market has reduced the amount of interest, but those who do have money are looking to take advantage of the deals.
Greg Andrew, who sells for Van Isle Marina, how much is a hermes handbag said sales for lower end boats, priced between $38,000 to $250,000, are steady.
Several brokers said traffic at the boat show was down compared to previous years.
Boat show patrons locals, as well as some from Alberta, the Lower Mainland and Washington state saw boats ranging from glossy kayaks to $3 million yachts.
This year, 135 boats are in the water, down by 10 or 20 from previous years, said show manager Kathy Harvey.
is the slowest ever, said Al Owen, founder of Sidney based Wendon Yachts, which manufactures high end power boats that retail for $800,000 to $3 million.
Business has tapered off in the past two years, he said, aboard his own 79 foot long replica hermes bags outlet Wendon Yachts catamaran. Owen said people tell him how beautiful the boats are, nobody has put their hands in their pockets and come out with a cheque.
Rows of perfectly polished yachts lined Victoria Inner Harbour at the annual Floating Boat Show this weekend, but for many this year, the economy has put the dream of owning a luxury watercraft a lot further out of reach.
Yacht brokers were turning on extra charm Saturday as they tried to offload their clients yachts, which has proven more difficult than ever with the market for pleasure boats in freefall. Some have slashed prices, pressured by owners desperate to sell but stonewalled by a lack of buyers.
are Canadian people who seriously need to sell this boat.
Durksen, who specializes in selling boats worth half million dollars or more said prospective buyers are down 80 per cent. of them have the money but are in a wait and see mode. Yacht Brokers Association and ends Sunday
Victoria attracts more high end, serious clientele, because of the number of wealthy retirees, said Cesare Verrelli, a broker for Freedom replica hermes handbags Marine, who was showing a $2 million yacht adorned with cherry wood panelling, cream coloured leather upholstery and a glass spiral staircase.
The two owners are looking for a third copy hermes bags partner to split the cost, a route some are taking to make owing a yacht more practical and affordable.
Verrelli concedes the downturn in the market has reduced the amount of interest, but those who do have money are looking to take advantage of the deals.
Greg Andrew, who sells for Van Isle Marina, how much is a hermes handbag said sales for lower end boats, priced between $38,000 to $250,000, are steady.
Several brokers said traffic at the boat show was down compared to previous years.
Boat show patrons locals, as well as some from Alberta, the Lower Mainland and Washington state saw boats ranging from glossy kayaks to $3 million yachts.
This year, 135 boats are in the water, down by 10 or 20 from previous years, said show manager Kathy Harvey.
is the slowest ever, said Al Owen, founder of Sidney based Wendon Yachts, which manufactures high end power boats that retail for $800,000 to $3 million.
Business has tapered off in the past two years, he said, aboard his own 79 foot long replica hermes bags outlet Wendon Yachts catamaran. Owen said people tell him how beautiful the boats are, nobody has put their hands in their pockets and come out with a cheque.
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