In episode five of YachtTalk Season 4, host Charlotte Kan discusses the latest in superyacht market trends with boutique London brokerage Cecil Wright. She sits down with Partner and sales broker Henry Smith at the company’s London offices to find out what impact rising interest rates, the threat of a recession and...
In episode five of YachtTalk Season 4, host Charlotte Kan discusses the latest in superyacht market trends with boutique London brokerage Cecil Wright. She sits down with Partner and sales broker Henry Smith at the company’s London offices to find out what impact rising interest rates, the threat of a recession and the enduring war in Ukraine are having on yachting.
Ten years strong The brokerage firm Cecil Wright was set up by Henry Smith and Cecil Wright in 2013. A decade on and the company is going strong with offices in the UK, Jersey and Monaco, and a team of 17 covering sales and charter. Celebrating the company’s 10 th anniversary in 2023, Smith believes the core differentiator is the company’s niche approach.
“At the beginning, we took a step back and had a look at the industry,” he says. “We realised that every brokerage is pretty much the same, insofar as they offer everything at the top end, everything at the bottom end, and everything in between. But there’s too much out there to know it all. Our approach is to focus on a small part of the market and know our sector very well, and that segment is large, custom, northern European motoryachts with a focus on Dutch and German building.”
This Superyacht Guide item is an original editorial summary based on the official Heesen Yachts news release.
Image source: Heesen Yachts official news release.