This is the reason why David is a great man of yachting, he is not afraid to speak the truth. Thanks David and have a nice trip. 👍👍👍👍👍👍

Very interesting David. 👍

Morale of the story. If you’re buying a car, boat, yacht or house, trust no one

I can honestly say that when I make enough money for my first yacht I will definitely contact Northrop & Johnson, the only catch is first I make the money needed and secondly only yacht I am interested in is Ragnar. Thanks so much for your awesome work. (:

Really excellent presentation. Thanks, David!

Great video as always, and wise advice for buying yachts of any size! And the purple rinse looks great! :D

Great channel, David. Very interesting and informative videos. I’m definitely coming to you for advice and representation when I’m ready to start shopping for Yaht.

Thank you for sharing this pertinent information!

That was very interesting. Certainly online technology has created a false sense of security for would be buyers of many products. With the huge cost of a super yacht, only a solid honest and reputable broker from one of the established agencies would be the sensible choice, so great to show the pitfalls of online yacht shopping!

Very informative, thanks David.

This is such great information!!!!! Thank you 😊

Great video, graphics are simple but just right, interesting information

Great information David. Thank you 👍👍👍

It's amazing the number of people that think they can do it better than professionals like David. Go to the right people first, it is not so difficult.

Awesome información David 👍🏼

If I ever would buy a yacht it would be with you guys a good friend of mine worked with you guys for a charter and he was very happy about it great video

Great video David - I suppose the combination of lack of diligence by the listings sites, and the industry common practice of multiple-broker listing for many of the largest yachts, allows these little internet brokers to "leach" on the back for a not too considerable fee - Thank You, and Good Luck!

Great video David your videos are great

Great video, from now on I will buy all my superyachts from you

There is considerable $$ on the line and so I would trust someone like David first before anyone else. (1) I love big boats and I cannot lie; and (2) David knows what he is talking about. Given the price point of what he shows on his videos, I also would never approach him unless I had the appropriate funds in order to purchase. Thank you David for a wonderful video, full of information.

Very interesting,,, Thank you for this video.

Hi David. Have fun in the Bahamas. Honest information from a reputable broker. Great video thanks 😊

Wow David for a second thought you decided to join a punk rock band :-) Interesting video thanks for sharing.

Hi David, love the channel and the content you give, a Question if I may? Let's say a prospective first-time buyer has the cash to buy say a 35 meter but has heard the old adage of 'If it flies or floats then lease it, do not own it', whilst there is plenty of information on chartering costs, surely there must also be a leasing arrangement for a much longer-term than one would normally charter, as a stepping stone prior to full ownership, if so what would the cost comparisons be? thanks, Andy

Great info David.

This is a great video. I have the very same issue with flat rentals all the time - with fake ads. A platform that checks listings is a great thing.

Something the _less reputable_ sites/brokers are hoping for is that the fake listings will get you in the door, then they try to sell you something they actually have, which isn't what you were interested in to begin with.

Evening David great and interesting post, I have a question under 24 meter load length for a new starter would you have crew and get the right caption licence for 2 years and do the licence yourself for a family boat ? Your opinion would be great Thank you in advance

This is awesome, there are a lot of companies posting incorrect and conflicting information. I would rather deal with someone I can build an honest relationship with, who is going to tell me the truth regardless. That is what a good broker does, gives you the good, the bad and the ugly so you as the client can make a truly informed decision. That is why I like this channel, you tell the truth about things, or say I will find out rather than BS-ing… peace

Wow...now everything makes sense! Not in the same league here, but 18 months ago i was trying to sell my year old 40 foot sailing boat on the particular site mentioned here. It was keenly priced, very well equipped and in top condition for its age. I couldn't understand why i only got a load of spivs calling up, telling stories such as they were driving down along the South coast of england with a shortlist of boats and were planning on stopping in to see my mine (despite it being clearly advertised as lying in Ireland!)..once we had a detailed chat about the specification they never called back. I don't really understand their agendas, but it was all about generating fake information. A strange world we live in!

Great idea.

Very interesting!!

Hi David, I really enjoy your Videos. Do you need to hire a broker when buying a new yacht?

This is so informative. Helps me before purchasing an Azimut grande trideck yacht in the future.

Is it possible to make a video about living off grid on a yacht, something the size of 'Neoprene' for example? So if I bought a yacht and used it as a second residence basically

One day I’ll be able to buy a yacht and you’ll definitely be the person I use to purchase my dream!

Vary interesting David

Great video! I'm curious: if you have your eye on more than one yacht(assume they are both in the same geographic area). Is it normal to request walk throughs of multiple yachts or should the buyer wait until his interest has narrowed to just one? I ask because I can only imagine that scheduling visits to multiple yachts must be somewhat of a nightmare.

You are the awesomest!

Would you recommend using a yacht service when purchasing a new vessel?

Can you recommend some books or websites that have the ins and outs on yachts, from upkeep, crew needed, cost of crew, unexpected expenses, how much yachts cost of built from scratch, compared to buying one already built. An example, if I bought land for $1 million for 3 acres and built 10,000 square foot home, with the high end amenities you see in a mansion. I know it cost depending on what I put in the home $250 to $500 a square foot and then depending on where the property was built I could sell it for 2.5% of what it costs me to build it. So a $5 million dollar home I could sell for about $12 million if let’s say I was in California. That’s because there’s all kinds of data on how much it costs to build a home and what you can sell it for, the running costs for upkeep and if you have an house full of staff. When it comes to yachts, it’s not that simple. Yacht owners don’t want people to know what they spend on a yacht they own a year, the cost to actually have a crew, where to get a crew, what’s a good management company etc. I know there’s some info online, like the cost of the yacht you want to put 10% for upkeep, but then what’s the upkeep on a yacht you buy at an auction for a 1/3 of what it was going for or a vessel that is now 1/10 the cost it originally cost, because now it’s 20 years old. Does that mean the upkeep is the cost of the yacht you paid or the original cost. So if you buy a yacht for $10 million, but technically it was originally $60 million, 20 years ago. What is the upkeep etc.? I’m looking for I guess yacht buying and cost for dummies or something like that. A sight you can search the info out. I’m not at the moment capable of buying any boat, but it would be nice if there was more info available for us non yacht experts. I’m not sure if others have this concern or it’s just me, but I know I personally would like to know more. Same way I know what I can buy land for or cost of building a home and the potential I could sell the property for once I decide I’m no longer happy. Thank you for your time and I do appreciate these videos

Would fraser be a good website to get accurate yacht details from?

Great information: My Home town has just started building Moorings for superyacht's.

Thank you for exposing the scams. :)

Brilliant marketing video for N&J. They’re lucky to have you, David. Good info, as well.

If I saw a yacht at another brokerage. Is it possible I could have someone from a different brokerage to represent me ? If I saw a yacht at Burgess, could I have you represent me for instance ?

Yes, there's disinformation about almost everything out there. So, checking different sources and using your head and your intuition is the best compass to get to the truth... Honesty is the best form of advertising yourself: If you are honest, people always remember you and keep coming back. If you're dishonest people remember you, too but they never come back, and some make sure others know who you are...

When it's my turn, I don't care who the broker is ... I'm going to this guy

For now, buying and owning a yacht, regardless of its size, is a wet dream for me. Logically, this will remain the case, but ... who knows how the planets line up and a crazy dream can come true and then you, David, will be the first to call.

Maybe this video will hopefully push yachtworld to better their business model, and for brokerages that post fake ads to stop that.

Kinda the same thing when it comes to real estate. And if you go to someone that doesn't have the listing, then they will have to try and co-broker it or get paid a finders fee, which in turn can cause the buyer to pay more because where there may have been some wiggle room on the price, some of that may be lost if the listing agent or broker has to co-broker or pay a finders fee to another agent or broker. Then the back and forth between the two can take more time and even cause issues with the sale. It's best to try and deal directly with the listing agent.

What is that yacht you use the picture for when it says motor yacht x and motor yacht y

I really like the search features on Yacht World, but now I'm less confident.

Thanks David. One should also team up with a marine lawyer.

Nice to know, there is just one tiny little problem. I am Broke.

We all have only one friend in the brokerworld who we can trust ... YOU !

Cheers

Why wouldn't a prospective buyer do his/her due diligence by checking against open-source AIS databases as well?

I don't think there's any other product besides a yacht that so many different entities that make money in between someone selling and buying a yacht in fact I'd be really curious to know if anybody's ever bought a yacht from its owner.

The Dennis Waterman of Yachting. 👍

When I buy my first yacht I will be going to David

Good intelligence. One complaint though, brokers are very reluctant to reveal the current average actual sale price vs ask price in a given market. Furthermore there is deliberate obscurity in revealing actual transaction prices when a sale is made. Deliberately false information is destructive of trust in any market .

When (if) I buy a silent 80, I’ll be calling you to make sure my best interest is secured

LOL, this should not surprise anyone buying a private jet. Buyers sometimes never know that they pay multiple brokers buried in the price if they don’t happen to get the single firm that directly represents the owner.

The same thing is happening in the luxury watch industry now, unfortunately. Its a bummer seeing how business is done these days.

I expect my ship to come in soon, so hopefully I'll be able to make use of this. Puns fully intended.

How many sharks in the sea!

I am a shopaholic but the yachts are still out of my range. I will tell you about a listing i say on Yatco (only 2 weeks ago) of the same yacht (Pershing), same photos and listed next to each other on that page. One broker listed it at 745K the other at 995K. The one that listed it at 995K is the son of a dear friend, so naturally, i called him and told him to do something about it because this was just sheer outrageous! difference of 25% for a yacht under 1M. My advice is to go to a proper brokerage firm, pay the extra costs (if any) as it will save you in the Mid and Long term.

Maybe if Bitcoin goes up heaps I can one day look at purchasing a super yacht 👍

You wouldn’t buy a 5 star hotel through the classifieds.

We call people that do that scammers. making money of the back of the real broker. Thats shady

All we need now is a big bag of cash

자막 좀...

So YachtWorld is actually more like Craigslist than anything....

Step 1, be a billionaire. Step 2 ... I will let you know when i have achieved step one.

*Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.*

My problem is purely budgetary... what I want is a Magellano 30 (Is it the prettiest yacht in the

Big fan of Spice Yachts. I was able to get an almost new, 90m Feadship for just over €5mm.

Do you honestly think a billionaire looking to buy a superyacht would watch a KZfaq video to help him/her make the decision or look for tips?! Videos like this are directed at the poor dreamers, without a pot to piss in, who want a glimpse of the uber-wealthy lifestyle.