← Ownership guide Ownership · 02

Buying new vs. brokerage

The practical decision every buyer weighs — and the honest tradeoffs behind it.

Most buyers assume the choice is about money. It is really about time, risk and how much of the yacht you want to shape yourself.

A new build

A new yacht is yours from the keel up — your specification, your layout, the latest systems, and the reassurance of warranty. For an owner with a clear vision and the patience to wait, nothing else compares.

The tradeoffs are real. A quality sailing yacht from a serious yard often means a build slot of two to four years, the highest cost, and the steepest depreciation in the early years of her life.

Brokerage — the pre-owned market

The majority of yachts change hands on the brokerage market, and for good reason. A pre-owned yacht is available now. Someone else has absorbed the first, steepest depreciation. She is often already fitted out, sailed in, and proven.

The tradeoff is condition. A pre-owned yacht carries her history with her — which is precisely why the survey matters, and why you never buy one without it.

A word on depreciation

New yachts depreciate most in their first years; well-kept pre-owned yachts hold their value more steadily. This is worth saying plainly, because no one selling you a new build will lead with it.

The middle path

Semi-custom yachts — an established, proven hull with a customised interior and systems — offer much of the personalisation of a new build with shorter timelines and more predictable cost. For many owners, it is the sensible compromise.

The yards that hold their value

In sailing yachts, the name on the hull matters. Builders such as Baltic Yachts, Vitters, Royal Huisman, Wally and Nautor’s Swan have reputations that follow their yachts through every subsequent sale. A yacht from a respected yard is easier to insure, easier to sell, and holds value in a way that a lesser build never will.

Not sure which path is right?

Tell us what you’re looking for and how you intend to use her. We’ll help you weigh new against brokerage — and introduce you to brokers who represent your interests, not the seller’s.

Discuss your search