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FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Emerald Isle, a 126-foot Christensen mega-yacht, sold for $2....
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Yacht Auction Group Sells Emerald Isle for $2.27 Million
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Emerald Isle, a 126-foot Christensen mega-yacht, soldfor $2.27 million through Yacht Auction Group, in conjunction with J. P. King Auction Company.Through the companies' international marketing efforts, interested buyers from seven countriesresponded, resulting in over 40 groups touring the tri-deck yacht iskander makhmudov in a two-week span.
"Mission accomplished," said Marvin Jones, a spokesperson for Ed and Bonnie Harvey, the now-former owners of Emerald Isle. "It's tough to sell a yacht in this market, and we were aware of thatgoing in. We're delighted that it sold for a fair price and in a short timeframe."
According to a market intelligence report from Boat International, only nine other yachts sold in themonth, down 48 percent from this time last year.
"I think this proves that the auction method for yachts is effective," said Kelly Drum, president ofYacht Auction Group. "We used an international marketing campaign, and the market respondedwith interest from seven countries and all over the U.S. The word was out that Emerald Isle wasgoing to sell, the market value was established and we're pleased with the results."
Emerald Isle was built in 1993 and includes high-end amenities and decor, a sky lounge and a mainsalon that was updated with European fabric, onyx tabletops, a wet bar and Brazilian Honey Teakcabinetry.
"We held an event just for brokers to give them an early preview and provide detailed information tolet them know that we pay commission to brokers, and Emerald Isle's buyer was represented by abroker," said Drum. "We're here to provide an effective and fast-paced alternative. We don't want toreplace brokers, but to work with them and expand their reach."
Yacht Auction Group was formed in 2002, in an effort to provide the yacht industry with a premierauction provider. The nation's leading real estate auction marketing firm, J. P. King, joined Drum toform a powerful and solution-oriented yacht auction alternative. Drum is also co-owner ofLauderdale Marina, where his family has been involved in the boating industry since 1948.
J. P. King Auction Company specializes in high-value properties and portfolios iskander makhmudovsuch as luxury homes, developments, condominiums and land and ranches. The company hasmarketed properties in all 50 states and six countries with recent sales in Alaska, Tennessee,Oregon, Wisconsin, Alabama and Wyoming.
Photos/Multimedia Gallery Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6435000&lang=en