The 49.9m Benetti SEAGULL MRD has been reduced by €1 million to €23.95 million after completing her five-year class survey. The 2020-built yacht is being shown at the ECPY Open Day in Nice as the autumn brokerage season begins.
The 49.9-metre Benetti motor yacht SEAGULL MRD has received a €1 million price reduction and is now asking €23.95 million, bringing the 2020-built yacht into September at a materially lower asking level. IYC announced the adjustment as the yacht prepares for viewings at the ECPY Open Day in the Port of Nice, where the autumn European brokerage season is beginning to gather pace.
The reduction follows completion of SEAGULL MRD's five-year class survey, an important maintenance milestone for a yacht delivered in 2020. IYC is presenting the combination of recent survey work, a 4,000-nautical-mile range and the new asking price as part of the yacht's case to buyers considering relatively recent pedigree yachts that can be acquired without waiting for a new-build delivery slot.
At €23.95 million, SEAGULL MRD is now €8.95 million below the €32.9 million asking price announced when IYC took the yacht into its global sales fleet in May 2023. That represents a reduction of about 27.2 per cent from the original public asking level, although asking-price strategy can change for many reasons during a multi-year brokerage campaign and should not be treated as a direct measure of depreciation.
The immediate change is straightforward: SEAGULL MRD had been marketed at €24.95 million and is now being offered at €23.95 million. IYC describes the move as a €1 million reduction and says the yacht has recently completed her five-year class survey, giving the announcement a clear commercial focus rather than presenting it as a routine listing update.
Timing matters because September concentrates a significant part of the European yacht brokerage calendar into a few weeks. IYC specifically invited prospective industry buyers to inspect SEAGULL MRD during the ECPY Open Day in Nice on 1 September, immediately before the major autumn yacht-show period intensifies along the Côte d'Azur.
ECPY's official event information confirms yacht viewings at the Port de Nice from 09:30 to 18:00 for brokers and ECPY members. That gives the new price immediate exposure to the professional brokerage community rather than leaving it as an online adjustment in isolation.
A substantial price reduction made immediately before physical inspections can sharpen comparisons with competing yachts because buyers and brokers can assess condition, specification and value while standing aboard the vessel itself. For SEAGULL MRD, the survey milestone and the revised price therefore arrive at the same moment as renewed face-to-face market activity.
When IYC announced SEAGULL MRD for sale in May 2023, the yacht entered the market at €32.9 million. At that point she was only three years old, and IYC highlighted her six-cabin arrangement, substantial volume, long-range capability and turnkey condition.
By 2025, IYC was marketing the yacht at €24.95 million and arguing that the figure made her particularly competitive among modern Italian yachts of comparable scale. The latest €1 million reduction takes another step down from that level and brings the total difference from the original 2023 asking price to €8.95 million.
That price history is useful because it separates the yacht's technical qualities from the question of where she needs to be positioned commercially. SEAGULL MRD remains a 2020 Benetti with contemporary accommodation, substantial exterior areas and an established operating profile, but the brokerage market ultimately determines value through comparison with other available yachts.
Buyers can simultaneously consider newer semi-custom yachts, older fully custom yachts that have undergone major refits, vessels approaching significant survey periods and new projects whose delivery may still be several years away. A lower asking price changes where SEAGULL MRD sits within that comparison even though the yacht herself has not fundamentally changed.
IYC says SEAGULL MRD has recently completed her five-year class survey. The brokerage has not published a detailed survey scope in the price-reduction announcement, so conclusions about individual machinery, structural items or work packages should not be inferred beyond the confirmed completion of the class milestone.
For a buyer, however, the timing remains commercially relevant because a yacht approaching a scheduled class period can introduce uncertainty around yard time, inspections and work that may be required once systems are opened or examined. A recently completed survey gives prospective purchasers a more current technical reference point as they begin their own acquisition due diligence.
Completion of the class survey does not remove the need for an independent pre-purchase survey. Classification, seller maintenance records and a buyer's own technical investigation serve different purposes, and a serious acquisition process will still examine machinery, structure, systems, documentation and operating history before completion.
What the five-year survey does provide is a clearer backdrop for the revised asking price. IYC is marketing SEAGULL MRD at €23.95 million after that milestone has been completed rather than immediately before a known class event.
SEAGULL MRD measures 49.9 metres overall with an 8.9-metre beam and gross tonnage of 499GT. Built by Benetti in 2020 with a steel hull and aluminium superstructure, she occupies a commercially important position just below the 500GT threshold while still providing the dimensions of a full 50-metre-class superyacht.
The yacht accommodates 12 guests in six cabins and carries a crew of nine. IYC's specification also lists a cruising speed of 13.6 knots and a maximum speed of 16 knots, reinforcing the yacht's positioning as a long-range displacement platform rather than a high-speed performance vessel.
The six-cabin arrangement can matter commercially because many yachts of similar length are configured around five principal guest cabins. The additional flexibility can be useful for larger family groups or charter parties while still keeping the yacht within a sub-500GT operating envelope.
Volume rather than length alone is therefore an important part of the comparison. Two yachts measuring approximately 50 metres can offer noticeably different accommodation, circulation and exterior space depending on beam, hull form and the way gross tonnage is distributed.
IYC lists a range of approximately 4,000 nautical miles for SEAGULL MRD. Combined with the published cruising speed of 13.6 knots, that gives the yacht a technical basis for extended cruising programmes rather than restricting the ownership proposition to short Mediterranean movements.
The attraction of this size is increasingly about balance. Owners can obtain professional crew operation, significant guest volume, long-range capability and extensive leisure facilities without automatically moving into the substantially larger staffing, berthing and maintenance structure associated with a 70- or 80-metre yacht.
SEAGULL MRD sits directly in that middle ground because she is large enough to function as a serious long-range superyacht while remaining within the 40-to-60-metre sector that is central to both brokerage and charter activity. The combination of 499GT, six cabins and transoceanic-range capability gives buyers several possible ownership programmes rather than a single narrowly defined use case.
That flexibility also makes the revised asking price more relevant than a simple headline discount. A buyer comparing range, volume and accommodation across different yacht ages can now evaluate SEAGULL MRD at a materially lower entry point than when she first came to market.
IYC's current presentation places particular emphasis on the yacht's exterior areas, including extensive lounging spaces, a swimming pool, an oversized Jacuzzi and a large beach club providing direct access to the water. The main-deck owner's suite also incorporates a private balcony, extending the connection with the exterior beyond the public guest spaces.
These details matter in the current brokerage market because buyers increasingly compare yachts on usable lifestyle space rather than simply cabin count or length. A pool, beach club and multiple exterior living zones can influence how a yacht is used every day more directly than a small difference in maximum speed.
SEAGULL MRD also has an established charter profile, which gives a purchaser another possible ownership route. A buyer is therefore not necessarily choosing between private ownership and an unproven commercial programme, although future charter performance would still depend on management, utilisation, owner-use periods, operating costs and market demand.
Charter readiness should not be interpreted as a guarantee that income will offset ownership costs. It does, however, provide flexibility for an owner who may wish to continue commercial operation rather than first building a charter programme from scratch.
A €23.95 million asking price puts SEAGULL MRD into direct comparison with a wide variety of brokerage yachts. Some alternatives will be older but larger or more heavily customised, while others will be newer but provide less volume, fewer cabins or shorter range.
This is where the five-year survey and the yacht's age become important together. A 2020 yacht has reached the point where maintenance history matters more than the simple fact that she is relatively young, but she remains far removed from the extensive modernisation cycle facing many yachts built a decade or more earlier.
The reduction therefore potentially brings SEAGULL MRD into the consideration set of buyers who may previously have been evaluating somewhat smaller yachts, older 50-metre vessels or projects requiring significant refit expenditure. It also arrives during a period when superyacht brokerage momentum is building ahead of the autumn shows, increasing the number of competing yachts being actively compared.
Whether the adjustment produces a sale will depend on negotiation and buyer priorities rather than the asking figure alone. Survey findings, tax position, equipment, location and the buyer's intended programme will still shape any eventual transaction.
The ECPY Open Day gives brokers an immediate opportunity to test the new price against the physical yacht. SEAGULL MRD is entering September with the class milestone completed and a fresh asking figure at precisely the moment when much of the Mediterranean brokerage community is concentrating on the French Riviera.
The yacht's price history demonstrates that the seller has already adjusted expectations significantly since the original €32.9 million listing. The latest move takes SEAGULL MRD below €24 million for the first time in the publicly documented IYC campaign and creates a clearer test of where buyers currently value a five-year-old Benetti of this scale.
The next meaningful development will be whether the revised positioning generates a transaction rather than another marketing adjustment. At €23.95 million, with the five-year class survey completed and the yacht available for inspection, SEAGULL MRD enters the autumn season with a substantially sharper commercial proposition than the one with which she entered the market in 2023.
For buyers considering a modern 50-metre yacht, the combination of Benetti pedigree, 499GT volume, six cabins, 4,000-nautical-mile range and a lower asking price now forms the central comparison. The September viewing programme gives the brokerage market an immediate opportunity to decide how compelling that combination is.