Two Speeds: a €14M Cut on Boardwalk V as Hybrid New-Builds Sell Out

The 76.5-metre 2021 Feadship Boardwalk V, commissioned by Tilman Fertitta, has taken a €14 million price reduction ahead of the winter season and now asks €135 million through Y.CO and Burgess. The 1,848 GT yacht carries a 6-metre mosaic-tiled sundeck pool, a helipad, and two 8.5-metre Hodgdon tenders; she has been succeeded in the owner’s fleet by the 117-metre Lurssen Boardwalk, delivered in 2026.

In the same week, the new-build market told the opposite story. Edmiston announced the sale of the second Benetti B.Yond 57M, a 57-metre hybrid, with the buyer represented by Charles Carveles and delivery scheduled for 2028. The 1,000 GT design by Igor Lobanov, with interiors by Bonetti/Kozerski Architecture, offers a hybrid-electric system for zero-emission cruising, a 5,000-nautical-mile range at 10 knots, and direct-expansion HVAC cutting consumption by up to 80 percent versus conventional systems. The first hull, now under construction for 2027 delivery, takes the Beach stern configuration: 161.8 square metres of beach area with a 15-square-metre pool. BOATPro counts 40 Benetti yachts on order or under construction, including the full-custom 80-metre Project Iron Man.

The context is a first half in which reported brokerage sales surged toward €4 billion, with the 89-metre Amels Mirage at around €165 million the largest, and average asking values at €14.4 million against €9.83 million in 2024: all reported figures from Monaco Life and BoatPro.

This is not a market turning; it is a market sorting. Commissioned hybrid new-builds with 2028 delivery dates sell; marquee brokerage inventory takes eight-figure cuts to move before the season ends. The cut on Boardwalk V reads less as distress than as seller realism: the replacement is already delivered, the winter is coming, and a €135 million ask still makes her one of the most expensive yachts on the open market. New builds are bought on the future; brokerage is priced on the calendar.

Photography: Moshi Anahory via Wikimedia Commons (CC BY-SA 2.0); representative photograph