Mecum Yacht Auctions Selling Megayachts

UPDATE, APRIL 10, 2014: Another megayacht has been added to the Mecum auction, a 124-footer built by Delta Marine in 1998.

UPDATE, MARCH 25, 2014: A charity auction benefiting the International SeaKeepers Society will be held prior to the Mecum Yacht Auctions event. If you’d like to donate marine memorabilia or other items for SeeKeepers, contact Gill Rodrigues. Read on for the original article about the megayacht auction.

The initial list of megayachts that will be sold at Mecum Yacht Auctions’ upcoming sale has been released. There are five megayachts in total. More yachts and/or megayachts are expected to join the consignment roster.

From May 2 to 3, Mecum Yacht Auctions will be at the Miami Beach Marina in Miami Beach, selling several boats. The megayachts in the mix are a Hatteras 130, a Crescent Custom Yachts 116, Astillero Jorge R. Chediek 105, Destiny 98, Permare Group Amer 86 (pictured), and Lazzara 84. A few additional smaller yachts are also being auctioned. The Hatteras 130 was built in 1995 and refitted in 2008. The Crescent 116 is from 1995, too, refitted in 2010. Astillero Jorge R. Chediek was an Argentina-based yard that custom-built the 105 in 1991. She was refitted in 2011. The Destiny 98 was built in 2001, while the Permare Amer 86 was launched in 2005. As for the Lazzara 84, she was delivered in 2005.

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You may recognized the Mecum name from its long experience in auctioning collector cars. Mecum Auctions got its start 26 years ago, in fact. Yacht auctions are nothing new for the company, however. In 2011, for example, Mecum Auctions successfully sold one of the last all-mahogany Riva Aquarama boats. She was among several vintage craft up for auction that same weekend. Riva Hull #774 went for $975,000.

For the upcoming event, Mecum Yacht Auctions will allow personal inspection of the yachts a minimum of 10 days prior to the event. All megayachts and yachts will also have a general overview survey performed. That survey will be posted on Mecum Yacht Auctions’ website prior to the May dates. Interested bidders can arrange to have their own surveyors inspect a yacht prior to the auction as well. Mecum Yacht Auctions will also permit sea trials ahead of time.

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Bidders need not be present at the auction. Bids can be placed via phone or online. Regardless, all bidders are required to fill out a registration form on Mecum Yacht Auctions’ website. A $100 registration fee is also required, as is a $5,000 “authorization only” hold on a credit card or in cash. A buyer’s premium of 10 percent of the final price (minimum $500) will be added automatically to the winning bid. Finally, financing is available via Essex Credit.