More superyachts sold than last September, but deal value falls €189M

More superyachts changed hands in September 2026 than a year earlier, and the total value went down. Brokers closed 34 sales of yachts of 24 metres and over, worth €771.9 million, against 23 sales worth €961.1 million in September 2025, according to BOATPro's monthly brokerage report by Conor Feasey. That is 11 more deals and almost 20 per cent less money. The average sale fell from €41.8 million to €22.7 million. BOATPro names the 125-metre Lürssen Project M as the month's largest deal.

Why did value fall when more yachts sold?

BOATPro counts value as the last known asking price at the moment of sale, and in each of the two cases one boat makes up most of the total. In the report's words: "in both September 2026 and September 2025, a single yacht above 70 metres accounts for more than half of the month's entire sales value, and in both years that transaction is confidential." This year that yacht is Project M. In value she is smaller than last year's giant, and that is enough to pull the headline number down.

Take those two deals out and the picture flips. The yachts under 70 metres that sold this September were worth marginally more than a year ago, spread across many more sales. BOATPro reads this as a broader market "in better health than the total figure decline implies."

Lürssen Project M

The report attaches a caveat to Project M. The deal was announced in September, but the contract is understood to have been signed earlier in the year. BOATPro has recorded it in September for now, and the true date may be earlier.

Project M is a new-build project: more than 125 metres and over 6,000 GT, to be built at Lürssen in Bremen, with delivery due in 2032. Espen Øino designed the exterior and RWD the interior. Three brokerages represent the buyer through the build: Royal Yacht International, Italian Yacht Group and Kitson Yachts. "On a project of this magnitude, the sale is only the beginning," said Brandon Kummer, co-founder of Kitson Yachts.

BOATPro does not name last year's yacht. September 2025 was the month the 118.8-metre Feadship Breakthrough, the largest yacht the yard has built, sold ahead of the Monaco Yacht Show. YachtBuyer put her last asking price at €645 million, about two thirds of that month's total, and BOATPro titled its third-quarter 2025 report after the Breakthrough sale.

Which yachts sold below the top?

Most of September's activity sat at the smaller end of the fleet. Of the 34 sales, 23 were yachts under 40 metres and only four fell between 50 and 70 metres. Resales made up 28 of the total. The other six were new-build contracts.

Among the deals with published asking prices, BOATPro lists these five, all resales of yachts already on the water:

Loon, built by ICON Yachts in 2009, had been listed for sale for 781 days, according to Denison Yachting's FRANK newsletter. Aelia, formerly Genesis, is a 2015 Benetti that got a €4 million interior refit by Studio Vafiadis in 2024. Jules, formerly Barbara Anne, is a 2024 Baglietto. Lucy comes from Richmond Yachts and China Time from Viking.

SuperYacht Times reported other new-build contracts in September, and BOATPro does not say which of them it counted. They include a 73-metre custom yacht from ISA Yachts due in 2030, an Amels 60 under the project name Project Vogue, already under construction at Amels for 2027, a second Benetti B.Yond 57M for 2028 and Baglietto's 53-metre Project53 for 2029.

How much came to market in September?

With the Cannes and Monaco shows on the calendar, brokers brought a lot of stock. BOATPro counted 67 new listings of yachts above 24 metres, asking €1.158 billion in total, or €17.3 million on average. In August there were 49 new listings worth €785 million. Sanlorenzo led the new listings by shipyard with five yachts, ahead of Sunseeker with four. Northrop & Johnson took on nine new central agencies, meaning exclusive mandates to sell, more than any other broker.

The largest new listing, by size and by price, was Coral Ocean, a 72.6-metre Lürssen asking €99 million with Ahoy Club. The cluster of large listings behind her included three more yachts of 70 metres and over, all on the water:

• Joy, a 70-metre Feadship, asking €77.5 million with Cecil Wright & Partners;
• Zeus, a 74.5-metre Blohm & Voss classic from the 1990s, asking €77 million with Merle Wood & Associates, IYC and Royal Yacht International;
• Dytan, a 73.5-metre Nobiskrug, asking €75 million with Burgess.

Sellers also cut prices more often. BOATPro recorded 79 reductions worth €87.5 million in September, against 58 worth €43.1 million in August. The largest was on the 76.5-metre Feadship Boardwalk V, which dropped €14 million and now asks €135 million with Burgess and Y.CO.

Third quarter and the first week of October

Add up BOATPro's monthly reports and the third quarter of 2026 comes to 126 sales worth €2.36 billion, against €1.67 billion a year earlier, a rise of 41.5 per cent. July brought 52 sales worth €762.4 million and August 40 worth €823.4 million. September was the only month of the quarter where value fell year on year. The sum is ours, and BOATPro's own quarterly report may differ, not least because Project M may yet move to an earlier month.

The week to 13 October was the strongest by sales value since the week to 2 September:

BOATPro's top story that week was a $1.9 million (about €1.7 million) price cut on Catalina, a 45-metre Vitters from 2001.

Photo: Monaco Yacht Show. Sources: BOATPro (Conor Feasey), BOAT International, SuperYacht Times, YachtBuyer, Denison Yachting (FRANK).