Two Sold And 5 Million Under Negotiation After Major Marine Auction


It was standing room only at the Ray White Marine Auction last week at the Palazzo Versace auction rooms as buyers from around Australia and overseas crowded the majestic ballroom vying for the right to own one of the eleven prestige boats being auctioned.
Ray White Marine sales and marketing manager, Mark Ali said, “We were very happy with the attendance.  We had a lot of additional attention this year from international bidders that were attracted firstly by the quality of the boats, and secondly by the fact that we have a ‘No Buyers Premium’ policy (where the auctioneers commission is normally added on top of the purchase price)”.
“This means that the price they bid is the price they pay, and that doesn’t happen anywhere else” he added.
”There is no other marine auction in Australia that can attract so many potential boat buyers utilising the massive marketing resources of Ray White.”
Saturday’s marine auction was the newest addition to ‘The EVENT’ – a three-day multi-venue auction on the Gold Coast of prestige commercial and residential real estate (and now prestige boats) – now in its 18th year.
A collection of boats worth approximately $15 million went to auction. A Riviera M370 sold within minutes after the auction for $210,000, and a high-performance Superhawk 43 also sold for an undisclosed sum shortly after the auction. Five contracts worth an estimated total of around $5 million are currently under negotiation.
Mr Ali said, “We have already had enquiries from buyers and sellers wanting to register for the next event, and calls from other states wanting us to stage THE EVENT in their capital city – so we must be doing something right.”
“Ray White Marines auction provides a conduit for many buyers to start the negotiation process pre-auction, during the auction and post auction to bring a successful outcome for seller and buyer alike. It’s definitely a win-win.”