Photo: Pelorus Yachting
In today's market, a superyacht lover with $16 million to spare is like a kid in a candy shop. There are so many new shiny toys bidding for customers' attention that the burden of choice becomes daunting. It might seem foolish to waste that opportunity by choosing an old boat that's been around for decades and that didn’t emerge from a prestigious shipyard. However, this classic yacht is in a league of its own and entirely swoon-worthy.
The gorgeous and intimidating Magna Grecia superyacht is no longer on the market. It took a while, but it eventually found the ideal new owner who was willing to part with $16.3 million (€15 million was the asking price). Yes, Magna Grecia is a superyacht by contemporary standards, even though it was built almost four decades ago, in 1986.
Refitted several times throughout its lifetime, including a comprehensive rebuild in 2019, this ‘80s vessel managed to stay relevant and even become a luxury charter yacht with weekly rates of nearly $400,000 in high season.
As expected from a yacht named this way, Magna Grecia is both huge and classically styled. Its 209.3-foot (63.8 meters) length combined with an 819 GT volume results in lavish indoor and outdoor spaces that could make any contemporary superyacht blush. A stunning outdoor cinema on the upper deck, with a 77-inch retractable TV, is one of its most luxurious amenities. A large, separate office with elegant leather chairs and a huge bookcase is another highlight; this private office/library is a tribute to the golden era of classic yachts and a stunning example of modern classic design.
If you’ve never heard of Elsflether Werft, it’s because it was a relatively obscure German shipyard launched in 1916. Like most shipyards at the time, it initially focused on repairs and maintenance and moved on to military vessels for the Army after WWII broke out. To this day, Magna Grecia is the biggest yacht built at this German shipyard, but not the only one still in operation.
Magna Grecia was also rumored to have a few famous owners along the years, including the Las Vegas magnate Kirk Kerkorian, who named it October Rose, and even tech billionaire Larry Ellison, who allegedly renamed it Sakura.
Following the 2019 rebuild, which lasted for 24 months and won the Judges’ Commendation in the “Rebuilt Yachts” category at the 2020 Superyacht Awards, the 1986 superyacht kicked off its charter career cruising around Greece. Terence Disdale, Donald Starkey, and Francesco Paszkowksi are the famous names behind this yacht’s interior revival. With its impeccable style, fabulous amenities, and cool water toys, it would be impossible to guess Magna Grecia’s real age.
In the end, opting for this 1986 beast instead of a younger but smaller model that hasn’t proven its worth yet might be a wise investment - whenever the new owner isn’t cruising like a gentleman onboard Magna Grecia, this revamped classic is guaranteed to make money as a charter yacht.
Refitted several times throughout its lifetime, including a comprehensive rebuild in 2019, this ‘80s vessel managed to stay relevant and even become a luxury charter yacht with weekly rates of nearly $400,000 in high season.
As expected from a yacht named this way, Magna Grecia is both huge and classically styled. Its 209.3-foot (63.8 meters) length combined with an 819 GT volume results in lavish indoor and outdoor spaces that could make any contemporary superyacht blush. A stunning outdoor cinema on the upper deck, with a 77-inch retractable TV, is one of its most luxurious amenities. A large, separate office with elegant leather chairs and a huge bookcase is another highlight; this private office/library is a tribute to the golden era of classic yachts and a stunning example of modern classic design.
If you’ve never heard of Elsflether Werft, it’s because it was a relatively obscure German shipyard launched in 1916. Like most shipyards at the time, it initially focused on repairs and maintenance and moved on to military vessels for the Army after WWII broke out. To this day, Magna Grecia is the biggest yacht built at this German shipyard, but not the only one still in operation.
Magna Grecia was also rumored to have a few famous owners along the years, including the Las Vegas magnate Kirk Kerkorian, who named it October Rose, and even tech billionaire Larry Ellison, who allegedly renamed it Sakura.
Following the 2019 rebuild, which lasted for 24 months and won the Judges’ Commendation in the “Rebuilt Yachts” category at the 2020 Superyacht Awards, the 1986 superyacht kicked off its charter career cruising around Greece. Terence Disdale, Donald Starkey, and Francesco Paszkowksi are the famous names behind this yacht’s interior revival. With its impeccable style, fabulous amenities, and cool water toys, it would be impossible to guess Magna Grecia’s real age.
In the end, opting for this 1986 beast instead of a younger but smaller model that hasn’t proven its worth yet might be a wise investment - whenever the new owner isn’t cruising like a gentleman onboard Magna Grecia, this revamped classic is guaranteed to make money as a charter yacht.
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