ritchie brothers auctioneers

Yacht Auction Is A Great Deal For One Lucky Bidder

Last month I mentioned that Dave Ritchie, co-founder of Vancouver-based Ritchie Bros. Auctioneers, was selling his 220-foot luxury megayacht, Apoise at a Ritchie Bros. auction in Grand Cayman on March 30. Whoever bought it seems to have gotten a great deal. The Apoise, the world's 89th largest yacht, sold for $46.6 million. That may sound like a lot but the yacht has an estimated worth of $87 million. Ritchie had originally paid around $90 million and then spent more on a refit in 2009. The Lurssen yacht was sold without reserve meaning that the highest bid gets it no matter what, a situation that worked out well for this buyer.

The yacht has room for 12 guests and 19 crew and cruises at 14 knots and there is an outdoor Jacuzzi on deck. Ritchie bought the yacht in 2006 when he retired as chairman of Ritchie Brothers. In a press release for the auction announcement Ritchie said that he enjoyed cruising the world on the yacht but thought it was time to sell. Despite the discount price Stephen Branch from Ritchie Bros. stated that "the owner is extremely happy with the outcome."

Tags: apoise yacht, ritchie brothers auctioneers, yacht auction

Apoise Yacht To Go Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing, Auctions

Dave Ritchie, co-founder of Vancouver-based Ritchie Bros. Auctioneers, is proving just how much be believes in his own company by selling his 220-foot luxury megayacht, Apoise at a Ritchie Bros. auction in Grand Cayman on March 30. The Apoise, the world's 89th largest yacht, will be sold to the highest bidder on March 30th without reserve meaning that the highest bid gets it no matter what. The Lurssen yacht has room for 12 guests and 19 crew. Apoise cruises at 14 knots and there is an outdoor Jacuzzi on deck. Ritchie bought the yacht in 2006 when he retired as chairman of Ritchie Brothers. In a press release Ritchie said that he enjoyed cruising the world on the yacht but thinks it is now time to sell.

Tags: apoise, ritchie brothers auctioneers, RitchieBrothersAuctioneers, yacht aucton, yacht lurssen, YachtAucton, YachtLurssen