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Boatsales Staff20 Mar 2023
NEWS

Superyacht project boat could now be yours for $US600,000

Unfinished 15-year-old 50m project boat back up for sale at an even cheaper price

A part-finished aluminium 50-metre superyacht that last year went up for auction with a $US1.5 million ($A2.24 million) reserve has hit the market again, although this time with a $US600,000 opening bid.

We first met the Trinity in October last year after its current owners attempted to sell the incomplete boat off to the highest bidder, promising a near-finished superyacht for a fraction of the price, and waiting time, of a new one.

The owner would be buying a boat that was far from new, with Trinity sitting idle and unworked-on since the 2008-09 global credit crunch.

However, it appears the superyacht failed to sell by its November 2022 cut-off date, with agents Boathouse Auctions this week relisting Trinity with a paltry opening bid of less than half of what the motor yacht’s owners were willing to accept last year.

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The five-day auction, which will run from April 21–25, appears to be missing a few components that were included in the sale last year, including a pair of 3750hp MTU 16V engines that were effectively still under warranty.

Less complete than before

The six-stateroom, tri-deck superyacht is now listed as being only 20 per cent complete, well down on the 45 per cent complete in last year’s auction, indicating that someone may already have picked the best parts of the build without having to buy the entire package.

Once again, the original Trinity Yachts team will be on hand to help the new owner get the superyacht on the water, hopefully for much less than the cost of building from new.

“They wish to see this project completed successfully, regardless of which shipyard the buyer selects for final construction,” Boathouse Auctions said.

“In addition, suggestions and advice for completion are available upon request.”

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