I don’t know if they are all on spec builds. I believe they at least had some sort of deposit start and then the buyers backed out.
Yachts of this size are sold quickly because customers with money do not want to wait. It is a risk for the company, but the profit margin is quite high with the brand image, this company is the one that created this type of market and is the leader of the market.
These are all LVMH builds as well and they are well capitalized. They also have a higher price than the De Vries from what I’ve been told.
Interesting, how does Feadship distribute the projects between the two yards and how is van Lent in a position to charge a higher price? Can’t be quality I’d imagine
They are two separate entities. While I don’t know the legal logistics, I’m assuming they have some non compete agreement between the two and I know they will refer to each other depending on the build slot. Van Lent is part of a publicly traded company so maximizing shareholder wealth is a bit more prevalent there vs the family owned De Vries. Most of the differentiation comes down to timing of build slots.
In terms of rebuilding, this is a rape. Destruction of a classic. Just think if these owners got their hands on Haida 1929 or Christina….