Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

UPDATE: The updated list of vessels with a preliminary budget for the completion of construction of each vessel. The budgets are to be intended with new engines, new components and labour offered by our team in Italy.

LotName and Hull NBase PriceBudget for CompletionEnd of SaleWinning offered  Wired byNotes
7Aicon Open 62-15€ 48.000,00€ 570.000FebPreliminary Budget
8Imbarcazione Aicon Open 62-16€ 57.400,00€ 570.000FebPreliminary Budget
14Imbarcazione Aicon Open 62-33€ 33.600,00€ 570.000FebPreliminary Budget
15Imbarcazione Aicon Open 62-34€ 24.000,00€ 570.000FebPreliminary Budget
16Imbarcazione Aicon Open 62-35€ 22.700,00€ 570.000FebPreliminary Budget
17Imbarcazione Aicon Fly 64-25€ 19.900,00€ 650.000FebPreliminary Budget
18Imbarcazione Aicon Fly 64-89€ 26.700,00€ 650.000FebPreliminary Budget
19Imbarcazione Aicon Open 72-33€ 48.700,00€ 850.000FebPreliminary Budget
20Imbarcazione Aicon Open 72-34€ 33.300,00€ 850.000FebPreliminary Budget
22Imbarcazione Aicon Fly 80-11€ 41.900,00€ 1.200.000FebPreliminary Budget
24Imbarcazione Aicon Fly 85-24€ 49.600,00€ 1.300.00FebPreliminary Budget
25Imbarcazione Aicon Navetta 110-11€ 26.500,00€ 4.200.000FebPreliminary Budget
26Imbarcazione Excalibur 380€ 1.600,00€ 100,0010/12/2019 17.0004/12/2019 18.00N/A
29Imbarcazione Morgan 55-11€ 21.200,00€ 625.000FebPreliminary Budget

Once it was Aicon Yachts and it was designing and building, award winning yachts sold worldwide including a line of open/coupe fast yachts (Aicon 62 and Aicon 72) that made several appearances on the  U.S. TV series CSI. Its designed was imitated by several other yacht builders. It built for and delivered to NBA stars like Glen Rice (Aicon Yachts 64 Flybridge named G-Force) and several other celebrities.

– PLEASE READ THE UPDATE AT THE BOTTOM OF THIS ARTICLE ON THE AICON YACHT AUCTION –

To make the long story short the crisis took its toll on Aicon Yachts and not too long after its IPO on the Milan Stock Exchange the company had to file for bankruptcy.

Important NOTE: At the end of 2020 the Aicon Yacht brand was bought and will likely see a new era of yacht production therefore the brand is likely to get sustained in its market value : READ ARTICLE 

Aicon Yachts Navetta 110

Aicon Yachts Navetta 110

Aicon Yachts was a client of our firm much before the IPO, therefore we are very familiar with their production lines, production managers, designers, engineers and a great deal of the very valuable contractors and employees that made this company great during its award winning times. It was indeed quite an impressive growth from 0 to over 100 units per year in less than 10 years. Despite the unlucky epilogue of the company itself there are still hundreds of people enjoying their Aicon Yachts in all corners of the world.

For those in the industry it is an opportunity to acquire assets (boats) and for individual investors (with our support) it is a unique opportunity to acquire interesting yachts at a fraction of what they would cost even pre-owned and renewed.

We are in a unique position to offer support to individuals and companies that want to seize this opportunity to acquire one or more of these vessels in order to finish them and resell them or charter them.

If you would like to purchase a vessel to charter it take a look and download our Yacht Charter Business Plan which includes a 1-1 consultation on your specific requirements.

Our team is available to support buyers in the following steps:

  • Yacht acquisition and budgeting of the works to be done 
  • Yacht transport before and/or after completion 
  • Yacht Registration, flag, insurance, Yacht financing
  • Interior design and interior fittings project management 
  • System Engineering and installation 
  • Where applicable [0 engine hours]; Insurance Warranty for vessels that will all be registered as new units 

Models of Aicon Yachts still available at a discounted rate from the Bankruptcy Auction:

Aicon 64 (Award Winner) [Flybrigde Model]

Aicon 64

Aicon 62 Open/Coupe 

Aicon Yachts 62 open

Aicon 72 Open/Coupe 

Aicon 72

Aicon 75 [Flybridge Model] 

Aicon 75 -Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon 85 [Flybridge Model] 

Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon 110 Navetta [Never Completed – see image below] 

Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon Yachts Navetta 110

The prices of the vessels at auction go from €20,000 to €240,000 depending on the vessel and at what stage of construction that is. – The retail prices of these vessels were between €650,000-€3M+

 

UPDATE: The next round of offers will be presented as early as Oct 2019, thus contact us (+44 7445 30 86 22) if you would like our assistance with the following process to acquire one or more vessels.

Process and Requirements to make an offer:  (Pre-Acquisition)

  1. Preparation of offer document and estimate of suitable offer and related cautionary fully refundable deposit of 10% of the offer value for the court to validate the offer.
  2. Legal and technical translation of the offer document into Italian according the Italian court requirements
  3. Inspection of the vessel by our naval engineering team on our client behalf to make sure that at time of offer the Bankruptcy Court has described the object accurately to the most current status
  4. Budgeting of the works needed to get the vessel up to the required standard of the naval registry and ready for launch (as per client requirements)

Process and Requirements:  (Post-Acquisition):

  1. Coordination of the logistic to move the vessel to the chosen destination
  2. Ownership registration and flag (where applicable for finished vessels and if required by client)
  3. Work scheduling and technical supplies provision
  4. Contractual arrangement with the Shipyard recommended to carry out the necessary works
  5. If/where needed; naval engineering and architecture to customise the vessel acquired upon request by new owner.
  6. Shipyard work supervision and coordination if/where needed and requested by client.
  7. Booking and coordination of the Naval Registry (of choice) inspector visit and pre-visit compliance check.
  8. Launch of the vessel and delivery to the client chosen port or support in finding mooring space for the vessel in the client chosen area and transport of the vessel to destination (on Wheels or by Sea).

NOTE of Full Disclosure: Rodriquez Consulting does not get a commission on any of the boats acquired the service we provide is of use during the acquisition, thus it will be billed separately if you choose our company to manage the works each vessel will need after acquiring any of the vessels subject of this auction. 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply