Upcoming Miami Boat Show: 2010 Valuations Up
It’s hard to believe, but another boat show is upon us. The 23rd Miami International Yacht and Brokerage Show runs through February 17- 21. The show hours are daily from 10 a.m. – 7 p.m. and from 10 a.m. – 6 p.m. on Monday, the final day. The cost for the brokerage section of the Miami show, which is located on Collins Avenue between 41st Street and roughly 70th Street, is nothing. You can simply walk onto the docks and see the boats. However, despite the wallet-friendly admission, the limited amout of parking can become an obstacle for the Miami Show. If you are made of money, you can park at one of the many hotels on Collins Avenue for $40-$60 a day, but if you are not afraid of a short walk, I would suggest parking at one of the parking garages or at a meter on 41st Street. The parking cost is very reasonable, and it is only about a 10-15 minute walk from 41st Street to the start of the show at Collins and 41st. This option will only cost you between $5-$10 per day, and this is the route I always take. From I-95, take 195 east and that will then turn into 41st Street.
Once again, YachtBlue will have an impressive display at the Miami Show. As exclusive brand representatives for Sanlorenzo of the Americas, we will certainly have their prestigious product at the show. Currently we plans to have our new SD 92’ Sanlorenzo, “Retro Blue” and our new arrival, the four-stateroom, 72’ Sanlorenzo. The 72’ made her debut at the Ft. Lauderdale show in October and is still available. Lastly, we may have our new 88’ Sanlorenzo in the show. If she arrives from Italy on time, she will be making her American introduction at the Miami Show.
As the official Marquis Yacht Center, YachtBlue will have our entire Marquis inventory at the Miami Show. We will have a brand new 42’ Coupe 2011 at the show. This has proven to be a very popular model and we are excited to have another 420 for sale. Because of the 420’s success, we have launched a 42’ Flybriddge model. This is hull #1. She is very similar to that of the 420 Coupe, but she has been outfitted with a flybridge. Furthermore, we will have a 50’ Coupe 2011 and a 50’ Flybridge 2011. Lastly, we will have two 72’ Flybridge Motoryachts. One will be directly for sale and another is simply on display as it has already been purchased. Yachtblue’s Marquis and Sanlorenzo displays will be well-positioned within the show and right in front of the main lobby of the Fountainebleau Hotel at 4441 Collins Avenue. If you find the time, please come by our displays and see some of the highest end Italian product, Sanlorenzo Yachts, and American built Italian designed, Marquis Yachts. I would love to show you around.
The Miami show will be a great opportunity to see a handful of boats all in the same location. Instead of driving around towns, states and even countries to see boats, you can see them all in one relatively small space. It also makes it easier to compare models as you can go from one boat to another very quickly thus reducing the amount of time between boats and keeping the details and specs of each boat fresh in your memory. If you do attend the show, I would encourage you to find a broker to assist you. Your broker should be a knowledgeable and trustworthy professional who will be able to get you on board anything you desire without waiting or setting appointments. He or she can also compile all information on the boats you have an interest in and then employ that information when it comes time to making offers. Touring the boat show with a broker will certainly make your life much easier, and in the long-run WILL save you money.
In other news, U.S. brokerage valuations increased in late 2010 as compared to late 2009. It is estimated that there was a 76% increase in sales and a total of just over 500 million in total dollars sold in 2010 versus 2009. The increase was most prominent in boats over 55 feet. In fact, almost every month in 2010 saw an increase in sales when compared to the same month in 2009. And although sales are up, we still have a long way to go to get back to the numbers we were producing in 2006 and 2007.
If you ever have any questions or comments, feel free to call or email me anytime. Grant@yachtblue.net 786.390.2782. Have fun, and happy and safe boating!! Keep it between the channel markers!