36.6m Crescent RISK & REWARD Heads to No-Reserve Auction

The 36.58-metre Crescent Custom Yachts motor yacht RISK & REWARD is being offered at auction with no reserve through Worth Avenue Yachts in partnership with Boathouse Auctions. The official viewing period opens on 5 September 2026, allowing prospective bidders to inspect the yacht and complete due diligence before live online bidding on 7 October.

The Worth Avenue Yachts listing continues to display a $4.99 million brokerage asking price, but that figure is not an auction reserve or minimum sale price. The auction is explicitly described as no reserve, meaning the yacht is intended to sell to the highest bidder rather than being protected by the published brokerage asking figure.

A 36.58m Crescent with a substantial refit history

RISK & REWARD was built by Crescent Custom Yachts in Vancouver in 2004 and is listed as having undergone a refit in 2022. The yacht measures 36.58 metres overall with a 7.8-metre beam and uses a raised-pilothouse arrangement that provides four guest staterooms for up to nine guests.

The current listing details extensive work carried out across 2020, 2021, 2022 and 2023, including interior upgrades, navigation equipment, zero-speed stabilisers, machinery servicing and renewed deck equipment. Worth Avenue Yachts describes the yacht as maintained through three ownership periods, with the latest programme covering both technical systems and guest areas rather than a cosmetic update alone.

Jack Sarin design and four-stateroom accommodation

Jack Sarin is credited with the yacht's design, while Robin Rose developed the original interior. Raised-panel mahogany, stonework and a formal dining area for eight define the main-deck interior, with the accommodation supplemented by a gym and crew quarters arranged for six.

The exterior layout includes a flybridge with guest seating and sunbathing areas, a Jacuzzi forward, an aft deck for dining and a large swim platform. Covered side decks run from bow to stern, while a forward seating area provides another guest space away from the main aft-deck circulation.

17-knot cruising from twin MTU diesels

Twin MTU 16V2000 TE90 engines rated at 2,000 horsepower each provide the main propulsion. Worth Avenue Yachts quotes a cruising speed of 17 knots and a maximum speed of 21 knots, with ABT zero-speed stabilisation among the technical upgrades listed for the yacht.

The machinery history published with the sale listing includes major engine servicing, generator work, running-gear maintenance and extensive hydraulic and stabiliser attention. That information will be particularly relevant during the viewing and due-diligence period because a no-reserve auction shifts greater emphasis onto inspection, surveys and a bidder's own assessment before committing to the sale.

Viewing opens in West Palm Beach before 7 October bidding

The yacht is currently listed in West Palm Beach, Florida, where the official auction viewing period begins on 5 September. Worth Avenue Yachts says marine and mechanical surveys and additional auction material are being made available to registered prospective bidders ahead of the online sale.

Live bidding is scheduled for 7 October 2026, with the yacht offered to the highest bidder without a reserve. The official Worth Avenue Yachts listing is the primary source for the auction terms, dates, current $4.99 million brokerage listing price and yacht specifications reported here; Superyacht Guide is not treating that asking price as an auction floor or completed transaction value.