After spending over a year on the market at an asking price of €275,000,000 ($480,500,000 AUD), yesterday the 110-metre Oceanco flagship motor yacht Jubilee was officially purchased, making it the largest yacht sold in 2018. Jubilee also stole the title of the most valuable superyacht sale of 2018 from the 81-metre motor yacht Kibo (now Grace), which sold for €129,000,000 ($225,000,000AUD) just last week.
Jubilee, launched in early 2017, is the Oceanco's largest project completed to date and one of the largest ever built in Holland. Her interior is by Australian designer Sam Sorgiovanni.
Jonathan Beckett, the CEO of Burgess, who represented both the buyer and seller in the exchange, commented: "This marks a milestone in Burgess' history. Jubilee is very close to our hearts; following the initial introduction of Burgess client to the shipyard, Burgess New Construction saw her successful build and delivery, then 18 months later our sales force closed the transaction, making it one of the largest deals not only in 2018, but in superyacht history. Oceanco really set the standard when producing this award-winning yacht, and I wish her new owners many happy years on board."