26 November 2013

BURGESS HOSTS INDUSTRY PANEL DISCUSSION ON BOARD 85.6M CAKEWALK

North America is still the most significant market for the yachting industry, ahead of Russia and the Middle East. This was the conclusion of a panel of industry experts hosted by Burgess on board the spectacular motor yacht CAKEWALK during the Fort Lauderdale International Boat Show (FLIBS) last month. 

Burgess President & CEO Jonathan Beckett was a key member of the panel alongside President & CEO of Show Management Skip Zimbalist, President of the Florida Yacht Brokers Association Lon McCloskey, and Michael Moore of Moore & Co and Chairman of the Board for The International SeaKeepers Society. Jill Bobrow, Editor-at-Large for Yachts International Magazine, moderated the discussion.

The panellists discussed the state of the market, the current trend for building megayachts, the importance of FLIBS for the superyacht industry, environmental responsibility and the ever-elusive question: where do buyers come from?

“North America remains our single biggest market,” Beckett concluded. “The appetite for yachting there is very strong. South America has an increasingly important presence in the yachting industry, and Russia and the Middle East continue to push the demand for ever larger vessels.”

The panel debated whether the trend for building 100m+ megayachts was sustainable.

“Yachts are increasing in size,” said Beckett. “But, it’s a very finite market. There are probably only 50 people in the world who want to own a 100m+ yacht. Several years down the line, I could see there perhaps being 50 of those megayachts out there, with only 49 buyers.”

Sitting in the opulent surrounds of CAKEWALK’s main saloon, the panel discussed how people in the industry are increasingly conscious of the importance of ocean-based charities.

“Through organisations such as SeaKeepers we are getting better at giving back to the wonderful environment that facilitates both our leisure and our livelihoods, and this is very encouraging.”

Watch a video of the panel discussion on board CAKEWALK.

Built by Derecktor, the sensational 85.6m CAKEWALK is the largest volume superyacht ever constructed in the United States. She is currently offered for sale by Burgess as Central Agents.

To find out more about CAKEWALK  or other outstanding superyachts for sale, please contact a Burgess broker now, or get in touch with one of our offices directly: LondonMonacoNew YorkMiami, or all other locations.