Super Yacht Apoise Sold to Highest Bidder

Apoise Yacht Auction
Apoise Yacht Auction
Apoise Yacht Auction

VANCOUVER, March 31 – Dave Ritchie, co—founder of Vancouver based Ritchie Bros. Auctioneers (NYSE and TSX: RBA), yesterday sold the megayacht Apoise for more than €34 million (US $46 million) at a Ritchie Bros. unreserved public auction. The sale of Apoise broke the Company’s record for the highest value auction lot ever sold. Previous to the Apoise auction, the Company’s record was a US $8.5 million asphalt plant and surrounding real estate sold in Illinois in 2005.

The unreserved megayacht auction attracted an intimate crowd of bidders who gathered on—site at the Ritz—Carlton Hotel in Grand Cayman, Cayman Islands and participated online for the opportunity to purchase the 220-ft (67 m) luxury Lurssen megayacht. The auction was fast paced, with the crowd starting the bids at €20 million. Less than 15 minutes later, the megayacht was sold to a buyer from the United Kingdom.

“I’m really pleased with the outcome,” said Mr. Ritchie. “I never worry about an unreserved auction. It works. At the end of the day, I received fair market value for the Apoise. It didn’t take me two years to sell the Apoise, and I didn’t incur the significant carrying costs over that time. I was given an auction date and it was sold on that day for fair market value. I know the new owner of Apoise will enjoy cruising the world as much as I have.”

Dave Ritchie purchased Apoise when he retired from Ritchie Bros. in 2006. He spent the last four years cruising around the world. His intention was always to sell the megayacht at a Ritchie Bros. unreserved auction after completing his travels.

Apoise Vessel Overview

  • Built by Lürssen Yachts (project name: Marlin)
  • Designed by Espen Øino
  • Built in Germany and launched in 2006
  • Ranked 89th in Power and Motoryacht magazine's list of the world's largest yachts (2009)
  • Two 1850 HP Caterpillar 3512B DITA SCAC diesel engines
  • Maximum speed: 16 knots
  • Cruising speed: 14 knots
  • Fuel capacity: 190,000 liters
  • 5,000 nm range at 12 knots
  • Length: 219.82 feet (67 m)
  • Maximum beam: 43.04 feet (13.12 m)
  • Tonnage: 1838 GT; 551 NT
  • Tenders: two 14-person Denship, one 15- and one 8-person Novurania
  • Accommodates 12 guests and 19 crew
  • Six decks in total, including the topmost sun deck, which offers 360 degree views
  • Main, bridge and upper decks feature numerous lounges and sunbathing areas, as well as indoor and outdoor dining
  • Upper deck offers a large Jacuzzi, sports bar and gym
  • Main deck highlights include the formal dining area and 1,399 sq ft (130 sq m) owner’s cabin, which includes a full-beam master bath and private Jacuzzi
  • Apoise has five spacious guest suites with king size berths and individual ensuite bathrooms
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