Two-thousand-seventeen was a record-breaking year for the yachting industry. The most active year since the global recession in 2008, it saw 583 total yachts sold worldwide — beating 2015, which was previously the most successful year. The largest yacht sold was 107 meters in length. The total value sold in 2017 was $4.8 billion. July was the most successful month, ushering in 67 yacht sales; it was followed closely by May with 63 and December with 50.
Northrop & Johnson gladly shared in the success as the top brokerage in 2017. Selling 121 luxury vessels in total — 49 yachts larger than 24m — Northrop & Johnson’s sold record is impressive. According to Boat International’s Market Intelligence report, Northrop & Johnson took 11 percent of the market share. Of the 49 yachts larger than 24 meters sold, in 15 sales, Northrop & Johnson represented both the seller and buyer in an in-house deal; Northrop & Johnson represented the seller in 25 additional sales and the buyer in nine additional sales.