It may be just a coincidence, or it may be an indication that we have reached the “drop dead date” for yacht owners who have been holding out in futile hopes of booking their yachts at the full weekly charter rates this high season. Either way, management house Edmiston and Company sent out a pair of back-to-back discount announcements yesterday in an attempt to fill “last-minute gaps” aboard well-regarded charter yachts in the Mediterranean.
First is the 120-foot Shamrock V, a J-Class sailing yacht built in the 1930s to race in pursuit of the America’s Cup. Her most recent refit, in 2000, left her gorgeously restored as a truly unique and historic sailing yacht within the world’s charter fleet. She has a hole in her calendar from August 13-23, so the owner is offering a 10-percent discount off the regular weekly base rate of €50,000 for itineraries that include Montenegro and Croatia. That’s a savings of €10,000.
Second is the 150-foot Leopard Arno motoryacht Pure One, which is shown in the photograph at right. She recently has been advertising an offer of 10 days instead of seven for the high-season weekly base rate of €195,000. Now, to fill the dates of August 10-18 in the South of France, the owner is dropping the weekly base rate to €150,000 for seven days. That’s a straight one-week discount of about 25 percent.
The one thing safe to say is that no matter the reason for these offers, they’re highly unusual for well-regarded yachts during the most popular charter month in the most popular charter location in the world. Ten to 25 percent off in the Mediterranean in mid-August? Definitely worth a call to a reputable charter broker today if you’ve been on the fence about booking and waiting for a last-minute deal.