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Featured boats.

2006 Sea Ray 52 Sedan Bridge

Price: $459,900

Brick, New Jersey

2021 Regal 33 SAV

Price: $279,900

2007 Viking Express

Price: $649,000

Bay Shore, New York

2004 Cruisers Yachts 455 Express Motoryacht

Price: $259,900

2006 Meridian 411 Sedan

Price: $244,900

Dallas, Texas

2015 Sea Ray Sundancer 510

Price: $749,990

Grosse Pointe Shores, Michigan

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Bringing Your Dog Out On The Boat

CHECK OUT OUR 5 STAR REVIEWS

SPRING IS HERE! TIME TO PREP!

Global one yacht sales – your new jersey & florida yacht broker.

Global One Yacht Sales is a full service Yacht Broker with locations in Brick, NJ and Stuart, FL.  Our Yacht Brokerage consists of a group of honest and experienced Agents specializing in Independent Global Marine, Boat and Yacht Brokerage Marketing and Sales. Contact one of our agents or Owner, Matt Begovich, and you will be able to experience a true difference in how we approach things.

Our business is conducted in the most trustworthy professional manner possible. We hold ethics and our reputation above all else!

We are proficient at handling all the challenging aspects of a sale including those pertaining to long distance sales such as shipping and transport. Owner,  Matthew Begovich , has been a yacht broker for over 20 years experience in the yacht and boating industry.

Positive marketing results come fast because we employ the most aggressive marketing strategies in the industry. Far above other companies our size. Please browse our boats for sale in NJ.

We can assist with all the necessary services for every aspect of the boat buying or selling process such as independent inspections, financing, insurance, shipping, transport, trailers, title services, repairs and/or any other professional services that may be required.

Bank accounts are utilized that are insured and backed by the United States Government for all deposit monies held on boats under contract. We are fully insured for all our business operations.

Two convenient marina locations. Wehrlen Brothers Marina on the beautiful Metedeconk River, and Stuart, Florida in the country of the United States. We are close to major shipping terminals in NJ, NY and MD.

Our multiple marina locations provide us with the ability to service and store inventory on-site for the local listing clients that prefer this option.

Ask us about the condition of any used boat in our inventory and we will give our “honest” evaluation.  Our goal is to set your expectations realistically, build lasting relationships and help educate you to make the best decisions possible. Contact us for all your buying and selling needs and you will see the difference immediately. Please browse our boats for sale in NJ.

YOUR FULL SERVICE YACHT BROKER WE TAKE TRADES~WE BUY BOATS

In closing, whether you are BUYING , SELLING , TRADING , or BROKERING , whether you are local, across the country, or from another country, we want and appreciate your business. We are looking forward to the opportunity to do business with you!

Respectfully Yours,

Matthew Begovich – Owner – Managing Member – VOICE/TEXT 732-684-6670

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Where Extraordinary Adventures Begin

The N&J Difference

Since 1949, Northrop & Johnson has remained the authority on yachting and is recognized as the leading global yacht brokerage offering 360-degree yachting services in the purchase, sale, management, construction and charter of superyachts and luxury boats over 98′ (30m). We are devoted to delivering extraordinary services and world-class experiences for our clients.

Discover luxury yachts for sale at Northrop & Johnson. From power boats to sailing yachts, explore our exclusive listings and find your perfect vessel with expert guidance from our brokers.

Your wanderlust knows no bounds as you cruise across the globe to your dream destination at the hands of an experienced crew dedicated to fulfilling your every need.

Your yacht is undoubtedly one of your most prized possessions. Your Northrop & Johnson broker will find you the right buyer at the best price possible in the shortest period of time.

Everything you need is in one place to maximize your superyacht ownership experience. We work with you to get the best out of your experience from Charter Marketing and Sales Management to Crew Services, Insurance and Marketing.

Our crew services experts specialize in accurately placing crew members on the appropriate yachts and guiding the successful careers of tens of thousands worldwide.

A Legacy of Excellence

1949 The Gentlemen Brokers Northrop & Johnson is founded in New York, with an office located on Madison Avenue, Manhattan and a base in Fort Lauderdale.

1950s Nothing but extraordinary The fledgling brokerage house Northrop & Johnson develops a reputation for honesty, integrity and fair play.

1960s Growth and maturity Northrop & Johnson expands its brokerage services and opens offices in Connecticut, Florida and Massachusetts.

1970s International flair Northrop & Johnson establishes a presence in Europe, opening a first office in Cannes, shortly followed by the opening of a second office in Puerto Banus, Spain.

1980s American heritage continued Northrop & Johnson’s opens flagship office in the heart of New England with its Newport, RI establishment.

1990s A new beginning Northrop & Johnson thrives under new ownership. With Kevin Merrigan at the helm, the brokerage company sets its foundations to build a modern powerhouse.

2000s From coast to coast Northrop & Johnson’s opens an office in San Diego, California. This locale allows the company to cater to the entire West Coast of America.

2010s The world is your oyster Opening offices in Asia Pacific, Palma, Monaco, Antibes, Australia and beyond confirms Northrop & Johnson as top player on the international stage.

2020s All aboard! The world's largest recreational marine group, MarineMax, has acquired Northrop & Johnson, integrating it into the publicly traded company.

Discover the Ultimate Yacht Charter

Experience the pinnacle of yachting with Northrop & Johnson, where our experts are committed to orchestrating your ultimate yacht charter adventure.

The Northrop & Johnson Difference

Honesty, integrity and extraordinary results.

From yacht sales, yacht purchase and new construction to yacht charter, charter management and crew placement, Northrop & Johnson is a full-service luxury yacht brokerage. Our expert team of sales brokers, charter brokers, charter managers, crew placement and staff are dedicated to fulfilling all of your yachting desires and demands. Northrop & Johnson has brokerage offices strategically placed in yachting hubs around the world, ensuring access wherever you cruise.

Northrop & Johnson prides itself on creating extraordinary yachting experiences by surpassing all expectations at every opportunity.

Our Sales Record

Extremely adept in finding the right buyer or yacht for a client, our impressive sales record showcases the level of expertise by our brokers and staff.

Offices From Coast to Coast

Northrop & johnson has 13 locations around the world.

From the bustling cities of the Americas to the historic waterways of Europe and the exotic ports of Asia, Northrop & Johnson stands as a truly global leader in superyacht marketing. Regardless of your location across the globe, you are guaranteed access to our unparalleled expertise and services. With strategic positions in key destinations worldwide, we are equipped and ready to assist you at any moment, in any place.

Featured Yachts for Sale

Featured yachts for charter.

Stay informed on all things yachting and luxury lifestyle with the bi-monthly Navigator newsletters.

Northrop & Johnson partners with leading yacht builders, designers, and suppliers globally. Our expert brokers facilitate seamless custom yacht construction, guiding owners through every step, from selecting the right shipyard to legal details. With established relationships in the industry, we promise a flawless process from start to finish.

From negotiating prices and contracts to coordinating surveys and sea trials, to providing support with ownership structures and legal matters, Northrop & Johnson’s brokers are skilled in all facets of yacht buying. You can expect a smooth purchase experience from start to finish, leaving you to enjoy the pleasures of stress-free yacht ownership.

Experience the world’s most captivating yachting destinations with Northrop & Johnson. From the Caribbean to the Mediterranean, Southeast Asia to Alaska’s fjords, unlock the perfect adventure aboard a luxury charter yacht.

Experience the most customizable on-water holiday available with a yacht charter. After choosing your destinations your charter broker will work with you to personally perfect your itinerary. Browse our sample itineraries to see what’s possible.

At Northrop & Johnson, we partner with the world’s leading yacht builders, manufacturers and refit facilities to offer top-of-the-line brokerage yachts for sale. Explore our index to view boats by builder.

Explore the latest updates in brokerage, new builds, charter, automotive, lifestyle, travel, and beyond. Navigator News serves as your gateway to stay informed with pertinent Northrop & Johnson updates.

Ready to Embark?

Let's Start Planning

Northrop & Johnson’s superyacht charter experts have in-depth knowledge of worldwide destinations and in-person relationships with the captains and crew of all yachts in our global fleet. Completely private, and with endless luxurious amenities, a yacht charter is the ultimate vacation. Check out our Luxury Yacht Charter Guide to get started.

Superyacht News

Proud to be part of the MarineMax family

© 2024 Northrop & Johnson

Visit us at the

2022 PALM BEACH

INTERNATIONAL BOAT SHOW

MARCH 24-27, 2022

MORE INFO & SHOW GUIDE

FIND LUXURY YACHTS FOR SALE

New yachts for sale - ferretti group brands.

FERRETTI YACHTS

Every model in the Ferretti Yachts fleet is a rich mix of comfort, safety and fine design with high-tech innovation and a passion for the sea. Ferretti Yachts offers a superior cruising experience in total relaxation to explore new horizons in surroundings that feel just like home. Luxury flybridge yachts from 50 to 98 feet.

PERSHING YACHTS

The Dominant Species. Discover the Pershing fleet of super-fast luxury sports yachts for a unique experience steeped in style, elegance, and exclusivity. Luxury sports yachts from 54 to 140 feet.

RIVA YACHTS

A new era of design. In a variety of different lengths and models with a shared spirit of performance, safety and exclusive style, the Riva range expresses the soul of this legendary brand to sublime effect. The boats are available in open, sportfly and flybridge styles from 8 to 50 meters, and the new Riva Superyachts division designs, develops and builds displacement megayachts from 50 up to 90 meters.

CUSTOM LINE YACHTS

Beyond the line. The sea is a dream to delight in, eyes wide. With Custom Line, every voyage becomes an experience to savor with all your senses - and your heart. Beyond the horizon, beyond your destination, beyond the concept of a yacht: cruising, made art. Luxury yachts from 28 meters to 140 feet.

Passion, steel and aluminum. Or, if you will, body and soul, a total commitment to each individual project. That's the spirit in which every CRN voyage begins. And that's how we have always made our yachts: by putting all our passion and experience into making an idea - your idea. To create a true one-off opus.

ITAMA YACHTS

The enchantment of Freedom. The scent of the sea, the sound of the wind, the taste of freedom: experience all this by stepping on board an Itama yacht. Performance yachts from 45 to 75 feet.

WALLY YACHTS

Wally motor yachts are feats of design, technology and performance with style and comfort. From supremely versatile dayboats to superyachts that bring Wally's characteristic good looks, generous use of glass and lifestyle design to the larger canvas for true enthusiasts of the cruising life. Innovative motor yachts from 43ft to 148ft

ALLIED MARINE YACHT BROKERAGE - INTEGRITY, PASSION, EXPERIENCE.

Allied Marine is one of the largest and most experienced yacht brokerage and yacht charter companies in the world. Founded in 1945, we specialize in both brokerage used boats and new yachts for sale. We offer all types of boats and yachts for sale including Cruising Boats, Motor Yachts, Flybridge Yachts, Sport Fishing Yachts, Center Console Boats, Express Boats, Mega Yachts and Super Yachts. Our seasoned yacht brokers and industry leading management team will guide you through the process of buying or selling a luxury yacht. Since 1945 we have helped thousands of customers make their boating and yachting dreams come true. Whether local, national or international, we have the experience and capabilities to handle any boat or yacht transaction.

Luxury Yacht Search

LUXURY YACHT CHARTERS

Whether you're cruising the Mediterranean, the Caribbean, or anywhere in between, step aboard an Allied Marine luxury yacht charters to experience white glove service, epic adventures, and utter relaxation aboard the finest luxury vessels. Are you interested in a luxury yacht, a crewed super yacht or mega yacht charter? We have the perfect solution to guarantee you an extraordinary private yacht charter experience where your luxury accommodations travel with you wherever you go. Do you dream of the solitude of an empty beach, the excitement of glamorous nightlife or the adventure of exploring remote islands? A yacht charter will take you there. Allied Marine Luxury Private Yacht Charters will help you explore your dream charter experience.

Explore Charter Yacht Vacations

READY TO BUY A YACHT?

At our core, we love the sea and the ability to share our passion for it with you and your family. Our team is driven to deliver the promise of providing you an experience which is unparalleled and to ensure your boating and yachting adventures are handled within the Allied Marine Yachting Family. With 75 years of experience, Allied Marine is proud offer an impressive fleet of both new and used brokerage yachts for sale. Our staff of over 40 seasoned luxury yacht brokers and 6 office locations will help guide you through the process of purchasing your yacht, megayacht or super yacht. If you are searching for a new yacht, we are the exclusive US dealer for Ferretti Yachts, Riva Yachts and Pershing Yachts. We are an authorized agent for Itama, Custom Line Yachts and CRN Yachts.

Allied marine has a wide selection of new and brokerage yachts to satisfy your taste for ocean adventure. Browse our yachts for sale and find one that fits your dream. Learn more about our featured luxury yachts for sale see below.

CLIENT TESTIMONIALS

GREAT OUTFIT!

In short order the sales team of Sean Fenniman and Nicole Drost convinced me Allied Marine was the best choice over all other brokers.

Their attention to detail and prompt service outmatches their competition. They literally outworked other brokers and secured me as a loyal customer. What a relief to receive paperwork quickly and as promised. Would not hesitate to recommend this duo. ~Brian K.

PROFESSIONAL AND GREAT ATTENTION TO DETAIL!

I have purchased two boats from Sean Fenniman and Allied Marine in Stuart, FL. Both experiences were handled professionally and with great attention to detail. Making such a large purchase is stressful, however, this team understands those stresses and allows the purchaser to go through the process in their time, without any pressure or judgement. I give this group the highest recommendation. They have made my family's dream come true - twice! ~William W.

7 TRANSACTIONS (BUY AND SELL) IN THE PAST 7 YEARS ON BOATS WITH THEM!

I can't say enough about these people. I've had 7 transactions (buy and sell) in the past 7 years on boats with them. Every promise made was kept with special help like ... Sean Fenniman stayed up most of the night once working with a mechanic to address some survey issues that arose last minute to save the sale that would have fallen apart... Sean swapped a Garmin from his personal boat for my new faulty one so I could start my trip north once ... he personally cleaned a boat prior to a showing due to the vendor canceling the last minute. His Wife Tina helped me totally renovate 2 yachts, coordinating countless vendors. Tina offered to run to the registry in Florida for me when I was having an issue renewing online and followed up after to make sure I was okay. Nicole Brova Drost provided painless closings each time, chasing down issues before I even heard about them. I have too many examples to share here. They are without a doubt ... "super stars" ~William V.

ATTENTION TO DETAIL AND PROFESSIONALISM MADE THE DEAL COME TOGETHER EASILY!

I was in the market for a larger Sportfish and called Peter for additional information on his listing. Although the listed boat was under contract, Peter found one a little better equipped in the same price range. Sensing we should move quickly, Peter suggested we board right-away. We had only worked (together) a short while but Peter's understanding of the build, attention to detail and professionalism made the deal come together easily. We worked with the seller directly and carved out a deal during the showing that made sense. ~Pam E.

FUN PROJECT

From day one, Peter provided us with a great experience. Knowledge, foresight, comrade, and professionalism all made for a fun project acquiring our larger boat. At the onset of our relationship and vessel search, Peter stated, "This is a marathon not a sprint." With his help we won the race. Peter Kurki and Allied Marine made for an enjoyable experience purchasing our new vessel. We love our new boat. ~ Fred - Atlanta, Georgia

VISITED VESSELS BEFORE ENDORSING

Living in North Carolina we did not have direct access to the inventory of listings found in South Florida. Peter maintained a vigil on vessels he thought we would like in the South Florida market, visiting them for us before endorsing. Peter's knowledge and understanding of manufacturers, systems and performance made for a comfortable purchase. After a life-changing event, Peter then subsequently represented our vessel for sale and found us the buyer that was "meant to be." We had a pleasurable experience with Peter Kurki and Allied Marine, we would recommend to anyone who is in the market for a new or pre-owned vessel. ~ Lynn and Susan, Wilmington, North Carolina

DOCKED THE BOAT AT MY HOME

My career in law enforcement with Miami/Dade Marine Patrol provided me with many years of enjoyment on the water. When it was time to purchase my personal vessel I had the great pleasure of meeting Peter through social connections. We subsequently had a great time finding the vessel that suits me best. We saw a bunch of listings and worked with a strategy and plan to secure what was best. Peter returned all my calls, was always present and accounted for through the survey and closing. Peter then helped me personally to bring the boat home, docking her for the initial time. From beginning discussions of ownership to securing the lines on my home dock, Peter Kurki was an asset. Knowledgeable on boats and procedures and yachting culture, I felt comfortable with all his work. Peter is awesome, I'm confident people don't know how much heart he puts into making his clients happy! ~ Kevin D. - Stuart, Florida

ATTENTION TO DETAIL

I was in the market for a larger Sportfish and called Peter for additional information on his listing. Although the listed boat was under contract, Peter found one a little better equipped in the same price range. Sensing we should move quickly, Peter suggested we board right away. We had only worked a short while, but Peter's understanding of the build, attention to detail and professionalism made the deal come together easily. We worked with the seller directly and carved out a deal during the showing that made sense. Peter's quick response to questions and fundamental items kept me on the bite. Focus-driven purpose helps a buyer when she knows what she wants. I now have the boat I've dreamed of and a broker who delivers on his promise. ~ Pam - Wilmington, North Carolina

We have several locations on both east and west coasts and are waiting to help

CONTACT AN ALLIED MARINE SPECIALIST

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Top Boats by Manufacturer

• Liman 1 listings
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• Cranchi 270 listings
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• Ferretti Yachts 188 listings
• Riva 168 listings
• Axopar 166 listings
• Nimbus 162 listings

News & Articles

Keeping you updated with the boating industry.

20 August 2024

Southampton, UK – 19 August 2024 – TheYachtMarket.com, a leading online marketplace for yachts and boats, is pleased to announce th...

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07 August 2024

By Simon White, CTO, TheYachtMarket.com The Dangers of Using Website Statistics Comparison Services Like Similarweb In today&#...

29 July 2024

Capsizing is one of the scariest things that can happen when you’re on a boat. It brings serious safety risks, including injuries and even ...

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Advertising your boat(s) for sale on TheYachtMarket.com puts you in front of 4 million boating enthusiasts worldwide.

It’s easy. Simply enter your boat details onto our website, and we do the rest. You just wait for the sales enquiries to come to you.

About TheYachtMarket ®

Since its inception in 2003, co-founders of TheYachtMarket Richard W. Roberts and Simon White had one core mission in mind - to offer the very best online experience when buying and selling a boat.

It is this core mission that has driven TheYachtMarket to its preeminent position in the industry today, offering the most comprehensive and technologically advanced resource whether buying or selling, for all types of boats, from sailing dinghies and tenders to powerboats and commercial vessels.

As market innovators, Richard and Simon continually develop and enhance TheYachtMarket, welcoming feedback directly from its members – yacht brokers, private sellers and boat buyers – to ensure it remains the resource of choice and the most cost-effective solution to generate quality sales enquiries.

The past 15 years has also seen TheYachtMarket founders transform the industry to ensure it remains transparent for everyone. In 2007, Richard and Simon were amongst the founding members of the Open Marine Initiative which created a free and open standard for boat data exchange. The philosophy of being trusted and transparent is extremely important to the business and it has been a game-changer for the industry.

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• Berthon Home
• Yacht Brokerage
• New Yacht Sales
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Your Local Broker, Internationally

Berthon UK (Lymington, Hampshire - UK) Sue Grant [email protected] 0044 (0)1590 679 222

Berthon France (Mandelieu La Napoule, France) Bruno Kairet [email protected] 0033 (0)4 93 63 66 80

Berthon Scandinavia (Henån, Sweden) Magnus Kullberg [email protected] 0046 304 694 000

Berthon Spain (Palma de Mallorca, Spain) Simon Turner [email protected] 0034 639 701 234

Berthon USA (Rhode Island, USA) Jennifer Stewart [email protected] 001 401 846 8404

• Meet the Teams
• 12 Reasons to Use Us
• How to Sell
• Yacht Finance
• The Berthon Book

Yacht Market Report

• The Berthon Collection
• Job Vacancies
• Privacy & Cookies Policy

Berthon publishes an annual Market Report, reviewing yacht sales over the previous year and looking at what we believe will be the important trends and changes in the year ahead. Berthon are bluewater specialists and manage luxury yacht sales through a network of international offices.

Download Market Report 2024 (6.33MB)

• The Market Report 2024 by Sue Grant
• Sailing Yacht Review by Alan McIlroy & Harry Lightfoot
• Motor Yacht Review by Hugh Rayner & Harry Hamson
• Performance Yacht Review by Ben Cooper
• New Motor Yacht Sales by Robert Steadman
• Marketing Team Report by Lawrence Carter, Sophie Kemp , Harry Shutler & Isabel Moss
• Berthon USA Review by Jennifer Stewart , Alan Baines , Bill Rudkin , Peter Houghton & Jeanie Houghton
• Berthon Spain Review  Yacht Sales by Simon Turner & Nathalie Miquel-Elcano
• Berthon Spain Review Service and Refit  by Rowan Fairbrass
• Berthon Scandinavia Review by Magnus Kullberg
• Solaris Yachts Review by Richard Baldwin & Alan McIlroy
• VAT / Customs – It’s a New Dawn, It’s a New Day… by Simon Anslow of PKF Francis Clark
• Bluewater Cruisers – The Future Is Now by Marko Paš of Marine Designs (founder & director of Pegasus Yachts)
• World ARC – Sailing Your Dream by Rachel Hibberd, World Cruising Club
• Checkmate (Our New Look Cool Board)
• Mending the Marine Industry Skills Gap by Keith Longman
• Yacht Ownership – the March Towards an Easier Life by Sue Grant
• Yacht Brokerage Bumps in the Road for 2024
• Berthon Forecast 2024 by Sue Grant

The Adjoining Berthon Collection

Last Year’s Market Report 2023

• The Market Report 2023 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; Footnote by Harry Lightfoot
• Motor Yacht Review by Hugh Rayner; Footnote by Harry Hamson, on Windy Brokerage
• A word from Michael White , affectionately known by the team as Chalky
• Berthon USA Review by Jennifer Stewart, Alan Baines, Bill Rudkin, Mark von Drashek and Peter Houghton
• Berthon France Review by Isabelle Skaf
• Berthon Spain Review Service & Refit by Rowan Fairbrass
• Berthon Spain Review Yacht Sales by Simon Turner, Ben Toogood and Nathalie Miquel-Elcano
• Solaris Review by Richard Baldwin and Alan McIlroy
• VAT / Customs – A Brave New World by Simon Anslow
• Keep Calm and Carry on Yachting by Sue Grant
• Yacht Transport by Mike Herrebrugh, Sevenstar Yacht Transport
• COOL to the point of freezing
• Harry Camera @ Berthon by Sue Grant
• Yacht Finance in 2023 – Close Brothers, Aviation and Marine by James Crew, Marine Sales Director
• Information Overload by Sue Grant
• Yacht Sales in the 21st Century by Sue Grant
• 2023 Berthon Forecast by Sue Grant

Last Year’s Market Report 2022

• The Market Report 2022 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; Footnotes from Sophie Kemp & Harry Lightfoot
• Motor Yacht Review by Robert Steadman; A footnote from Harry Hamson
• New Motor Yacht Sales by Hugh Rayner
• Berthon USA Review by Jennifer Stewart, Alan Baines, Bill Rudkin and Mark von Drashek
• Berthon France Review by Bruno Kairet
• Berthon Spain Review Service & Refit by Andrew Fairbrass
• Berthon Spain Review Yacht Sales by Simon Turner and Ben Toogood
• Canine Stick Report by the Canine Division
• VAT Life After Brexit – One Year On By Simon Anslow
• The Practicalities & Possibilities of Delivery by Sea by Peter Kloezeman
• The Wallflowers of a Buoyant Market by Sue Grant
• Yacht Insurance by Richard Power
• COVID-19 and the Yacht Market by Sue Grant
• Yachting & the Supply Chain by Sue Grant
• 2022 Berthon Forecast by Sue Grant

Market Report 2021

• The Market Report 2021 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; A footnote from Sophie Kemp
• Berthon Spain Review Yacht Sales by Simon Turner
• The Other Side of Brexit – VAT & Customs by Simon Anslow
• Brexit & Yacht Registration by Duncan Swanson – The UK Ship Register & Yachts in a post Brexit environment by Duncan Swanson of Ocean Skies.
• The Recreational Craft Directive by Alasdair Reay
• International Boat Shows by Sue Grant
• COVID-19 and The Yacht Market by Sue Grant
• The Business End of the Yachting Business and Meeting the Yachtsman’s Expectation by David Tydeman
• 2021 Berthon Forecast by Sue Grant

Market Report 2020

• The Market Report 2020 by Sue Grant
• Sailing Yacht Review by Alan McIlroy; footnote by Sophie Kemp
• Motor Yacht Review by Hugh Rayner
• The Windy UK and Pearl Yachts Review by Ben Toogood
• The Iguana Yachts Review by Robert Steadman
• Berthon USA Review by Jennifer Stewart and Alan Baines
• Berthon Spain Review by Andrew Fairbrass
• Solaris Review by Alan McIlroy and Richard Baldwin
• VAT vs. Brexit by Simon Anslow
• Brexit and getting on with life…
• Saving the Planet and Yachting
• Our Old Friend Currency
• Buying a New Yacht – some of the pitfalls, along with the fun
• The 2020 Berthon Forecast by Sue Grant

Editor’s Note: Much of the 2020 Berthon Market Report was written before the Covid-19 crisis gathered momentum. We decided to continue with this publication, just updated slightly. Of course we cannot know the impact of this crisis on all aspects of life going forward not just yachting, so we will not guess. We ask you all to stay safe, keep well and we hope that you will enjoy these jottings.

Market Report 2019

• Market Report 2019 Opening Remarks By Sue Grant
• Sailing Yacht Review By Alan McIlroy; footnote by Sophie Kemp
• Motor Yacht Review By Hugh Rayner; footnote by Robert Steadman
• Performance Yacht Review By Ben Cooper
• The Windy UK, Pearl and Iguana Review By Ben Toogood
• Berthon USA Review By Jennifer Stewart, Alan Baines, Bill Rudkin and Mark von Drashek
• Berthon France Review By Bruno Kairet
• Berthon Spain Review By Andrew Fairbrass
• Solaris Review By Richard Baldwin and Alan McIlroy
• THE CONFIDENCE & CURRENCY GAME
• INTERIOR DESIGN FOR YACHTS and why it matters…
• INFORMATION DELIVERY and the WORLDWIDE WEB in 2019
• HIGH LATITUDE CRUISING Steve & Linda Dashew look at the design and the risks
• IPV – BERTHON BRINGS YOU ANOTHER NEW ACRONYM TO CONJURE WITH…
• TECHNOLOGY and the YACHT MARKET
• 2019 Berthon Forecast By Sue Grant

Market Report 2018

• Market Report 2018 (Opening Remarks) By Sue Grant
• Sailing Yacht Review By Alan McIlroy and Sophie Kemp
• Motor Yacht Review By Hugh Rayner
• Performance Yacht and Advanced Yachts Review By Ben Cooper
• Solaris Review By Richard Baldwin
• The Windy UK Review By Ben Toogood
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What we know about the luxury yacht that sunk off the coast of Sicily

PORTICELLO, Sicily (AP) — Specialist cave divers working in 12-minute underwater shifts were searching Tuesday for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and swiftly sank off Sicily.

The sleek yacht, named the Bayesian, was carrying a crew of 10 people and 12 passengers when it suddenly sank near the Mediterranean island that is part of Italy at about 4 a.m. on Monday. One body has been recovered and 15 people survived.

Fire rescue officials have said the six believed to remain in the sailboat’s hull will be considered missing until they are located in the wreckage.

Here’s what we know so far about the sinking and those who were on board.

What happened?

Italian civil protection officials believe a sudden and fierce storm that battered the coast of Sicily in the early hours of Monday whipped up a waterspout in the exact spot where the 56-meter (184-foot) British-flagged Bayesian was moored.

Karsten Borner, the captain of another yacht moored nearby, said he saw the Bayesian during the storm but when the wild weather passed it was gone and he saw only a red flare lighting the night sky, ANSA and the Giornale di Sicilia newspaper reported.

Borner and one of his crew boarded their tender and found a lifeboat carrying 15 people, some of them injured. They took them aboard their yacht and alerted the coast guard.

Rescue authorities said the wreck was resting at a depth of 50 meters (163 feet) about a half mile offshore of the picturesque fishing village of Porticello.

Who was on board?

Among the missing is 59-year-old tech tycoon Mike Lynch, sometimes described as the British Bill Gates. Lynch was acquitted in June of all charges in a U.S. fraud trial linked to the $11 billion sale of his software company Autonomy to Hewlett-Packard in 2011.

Lynch still faced a potentially huge bill stemming from a civil case in London that HP mostly won during 2022. Damages haven’t been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

A Cambridge-educated mathematician, Lynch made his name running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.

Lynch’s 18-year-old daughter Hannah was reportedly among the missing. His wife, Angela Bacares, and 14 other people survived.

Among others still missing Tuesday, according to the civil protection agency, were one of Lynch’s U.S. lawyers, Christopher Morvillo of Clifford Chance, and Morvillo’s wife, Neda. Morvillo was regarded as an elite defense lawyer and was also a federal prosecutor in New York after 9/11.

Also missing was Jonathan Bloomer, the non-executive chairman of Morgan Stanley International, and his wife, Judy. He is the former head of the Autonomy audit committee and testified for the defense at Lynch’s trial.

Bloomer was also chair of the Hiscox Group, an insurer that does business on the Lloyd’s of London market.

“We are deeply shocked and saddened by this tragic event,” Hiscox CEO Aki Hussain said in a statement. “Our thoughts are with all those affected, in particular our chair, Jonathan Bloomer, and his wife Judy, who are among the missing, and with their family as they await further news from this terrible situation.”

Among the survivors was Charlotte Golunski, who said she momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety, Italian news agency ANSA reported. The father, identified by ANSA as James Emslie, also survived.

The Dutch foreign ministry said a Dutch man survived. The ministry, citing privacy, did not release his identity.

One body was recovered on Monday, identified as the on-board chef.

What is the Bayesian?

The Bayesian was a luxury yacht built in 2008 by the Italian firm Perini Nav. It was known for its single 75-meter (246-feet) aluminum mast — one of the world’s tallest. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.

Its registered owner is listed as Revtom Ltd., based on the Isle of Man, according to online maritime database Equasis. Lynch’s wife is listed as Revtom’s sole owner, according to corporate registration documents from the Isle of Man.

The yacht’s name is an apparent reference to “Bayesian inference,” one of the two main approaches to statistical machine learning and the one that was used by Autonomy.

What is a waterspout?

Waterspouts are tornadoes that form over water and can happen when a storm moves across warm water. According to the U.S. National Ocean Service, there are two types of waterspouts — fair-weather and tornadic.

Tornadic waterspouts “have the same characteristics as a land tornado. They are associated with severe thunderstorms, and are often accompanied by high winds and seas, large hail, and frequent dangerous lightning,” the service says on its website.

While scientists haven’t attributed the specific event to climate change, average monthly surface temperatures have been at record highs for months. Hotter air can hold more moisture, making heavier storms more likely.

Sicily has been baking under intense heat this summer, and the United Nations’ panel of climate change experts notes the Mediterranean is particularly vulnerable to climate change, with warming rates roughly 20% higher than the global average.

What happens next?

As the search for the missing continues, authorities already have begun trying to piece together exactly what happened.

Prosecutors from the Sicilian town of Termini Imerese have opened an investigation, as is normal in such events even when no suspects are identified. To date, they have not commented publicly.

The British Marine Accident Investigation Branch said four of its inspectors were being deployed to Palermo.

Corder reported from The Hague, Netherlands.

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What is known about the sinking of a luxury yacht off the coast of Sicily and those aboard

Specialist cave divers working in 12-minute underwater shifts are searching for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and ...

PORTICELLO, Sicily -- Specialist cave divers working in 12-minute underwater shifts were searching Tuesday for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and swiftly sank off Sicily.

The sleek yacht, named the Bayesian, was carrying a crew of 10 people and 12 passengers when it suddenly sank near the Mediterranean island that is part of Italy at about 4 a.m. on Monday. One body has been recovered and 15 people survived.

Fire rescue officials have said the six believed to remain in the sailboat's hull will be considered missing until they are located in the wreckage.

Here's what we know so far about the sinking and those who were on board.

Italian civil protection officials believe a sudden and fierce storm that battered the coast of Sicily in the early hours of Monday whipped up a waterspout in the exact spot where the 56-meter (184-foot) British-flagged Bayesian was moored.

Karsten Borner, the captain of another yacht moored nearby, said he saw the Bayesian during the storm but when the wild weather passed it was gone and he saw only a red flare lighting the night sky, the Italian news agency ANSA and the Giornale di Sicilia newspaper reported.

Borner and one of his crew boarded their tender and found a lifeboat carrying 15 people, some of them injured. They took them aboard their yacht and alerted the coast guard.

Rescue authorities said the wreck was resting at a depth of 50 meters (163 feet) about a half mile offshore of the picturesque fishing village of Porticello.

Among the missing is 59-year-old tech tycoon Mike Lynch , sometimes described as the British Bill Gates. Lynch was acquitted in June of all charges in a U.S. fraud trial linked to the $11 billion sale of his software company Autonomy to Hewlett-Packard in 2011.

Lynch still faced a potentially huge bill stemming from a civil case in London that HP mostly won during 2022. Damages haven’t been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

A Cambridge-educated mathematician, Lynch made his name running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.

Lynch’s 18-year-old daughter Hannah was reportedly among the missing. His wife, Angela Bacares, and 14 other people survived.

Among others still missing Tuesday, according to the civil protection agency, were one of Lynch’s U.S. lawyers, Christopher Morvillo of Clifford Chance, and Morvillo’s wife, Neda. Morvillo was regarded as an elite defense lawyer and was also a federal prosecutor in New York after 9/11.

Also missing was Jonathan Bloomer, the non-executive chairman of Morgan Stanley International, and his wife, Judy. He is the former head of the Autonomy audit committee and testified for the defense at Lynch’s trial.

Bloomer was also chair of the Hiscox Group, an insurer that does business on the Lloyd’s of London market.

“We are deeply shocked and saddened by this tragic event,” Hiscox CEO Aki Hussain said in a statement.

Among the survivors was Charlotte Golunski, who said she momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety, ANSA reported. The father, identified by ANSA as James Emslie, also survived.

The Dutch foreign ministry said a Dutch man survived. The ministry, citing privacy, did not release his identity.

One body was recovered on Monday, identified as the on-board chef.

The Bayesian was a luxury yacht built in 2008 by the Italian firm Perini Nav. It was known for its single 75-meter (246-feet) aluminum mast — one of the world’s tallest. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.

Its registered owner is listed as Revtom Ltd., based on the Isle of Man, according to online maritime database Equasis. Lynch’s wife is listed as Revtom’s sole owner, according to corporate registration documents from the Isle of Man.

The yacht's name is an apparent reference to “Bayesian inference,” one of the two main approaches to statistical machine learning and the one that was used by Autonomy.

Waterspouts are tornadoes that form over water and can happen when a storm moves across warm water.

According to the U.S. National Ocean Service, there are two types of waterspouts — fair-weather and tornadic.

Tornadic waterspouts “have the same characteristics as a land tornado. They are associated with severe thunderstorms, and are often accompanied by high winds and seas, large hail, and frequent dangerous lightning,” the service says on its website.

While scientists haven’t attributed the specific event to climate change, average monthly surface temperatures have been at record highs for months . Hotter air can hold more moisture, making heavier storms more likely.

Sicily has been baking under intense heat this summer , and the United Nations’ panel of climate change experts notes the Mediterranean Sea is particularly vulnerable to climate change, with warming rates roughly 20% higher than the global average.

Experts say it is extraordinarily rare for a luxury sailboat of this size to capsize due to weather events.

“This just doesn’t happen. You know, boats sink because things like keels fall off, or they run aground and breach the hull ... whereas just from a weather angle, a boat that big being pushed over on its side is absolutely extraordinary,” said Skip Novak, a lifelong sailor who has taken part in multiple round the world yacht races and written books about sailing.

Novak said he believed that strong gusts likely pushed the yacht over 90 degrees to its side, and the vessel did not recover because of the weight of the huge mast and because it was anchored. He suggested that internal doors were likely not closed, and water quickly poured in to sink the vessel.

“When you’re at anchor, even if it’s blowing with a storm in the Mediterranean, you rarely shut the whole boat down because nobody expects something like this to happen," Novak told The Associated Press. “So if the boat wasn’t completely watertight at the deck, you’d have flooding going in. It would take a couple minutes and that would be it."

As the search for the missing continues, authorities already have begun trying to piece together exactly what happened.

Prosecutors from the Sicilian town of Termini Imerese have opened an investigation, as is normal in such events even when no suspects are identified. To date, they have not commented publicly.

The British Marine Accident Investigation Branch said four of its inspectors were being deployed to Palermo.

Corder reported from The Hague, Netherlands. Associated Press writer Sylvia Hui in London contributed to this report.

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Everything we know so far about the search for Mike Lynch and the Bayesian superyacht sinking in Sicily

T he search for British billionaire Mike Lynch and his daughter continues a day after his luxury yacht sank in a tornado off the coast of the Sicilian capital Palermo .

The 50-metre luxury boat, named Bayesian, had 22 people on board when it sank in the early hours of Monday, with four Britons among the seven missing , according to local media.

The yacht sank as a fierce storm battered the area overnight, and was flying a British flag, according to ship-tracking site Marine Traffic.

Salvo Cocina of Sicily ’s civil protection agency said: “They were in the wrong place at the wrong time.”

For updates on this story, follow The Independent’s live blog for the latest coverage

What do we know about the missing people on the yacht?

British technology tycoon Mike Lynch is among six tourists missing, The Independent understands. Mr Lynch, who founded software giant Autonomy in 1996, was made an OBE for services to enterprise in 2006. In June, he was cleared of conducting a massive fraud relating to a $11 billion (£8.64bn) sale to US company Hewlett Packard.

One man has been confirmed dead with photos on Monday showing a body bag being lifted to shore where ambulances were waiting. Multiple agencies are reporting he is the boat’s chef. Four of the missing passengers are British and two are American, according to Italian newspaper la Repubblica.

Have you been affected by this story? Email [email protected]

Mr Lynch had planned the superyacht cruise as a celebration with family, employees and lawyers who supported him during the decade-long trial.

Morgan Stanley International Bank chairman Jonathan Bloomer and Clifford Chance lawyer Chris Morvillo are among those missing.

Divers are still searching for the remaining six passengers unaccounted for: Mr Lynch and his 18-year-old daughter, Morgan Stanley International non-executive chairman Jonathan Bloomer, Clifford Chance lawyer Chris Morvillo, and their two wives Judy and Neda.

Among the 15 survivors rescued from a lifeboat was Mr Lynch’s wife Angela Bacares. Another survivor, Charlotte Golunski, 35, told Italian journalists how she saved her one-year-old daughter Sofia from drowning.

She told la Repubblica she lost Sofia for “two seconds”, adding: “I held her afloat with all my strength, my arms stretched upwards to keep her from drowning. It was all dark. In the water I couldn’t keep my eyes open. I screamed for help but all I could hear around me was the screams of others.”

According to her LinkedIn profile, Ms Golunski is a partner at Mr Lynch’s firm, called Invoke Capital.

Charlotte, Sofia and Charlotte’s husband, James have now been discharged from hospital.

Ayla Reynold, a Kiwi working at Clifford Chance, also survived the horror with her partner. Her father Lin Ronald confirmed to The Telegraph she had been invited aboard as thanks for assistance in Mr Lynch’s recent court case. He said that his daughter had not given many details about what happened, but said: “there are deaths and she and her partner are alive.”

Where did the yacht sink?

The luxury yacht sunk off the coast of Palermo, Sicily.

The 56-metre-long sailboat sank with 22 people on board shortly before sunrise, the Italian coast guard said in a statement.

“The wind was very strong. Bad weather was expected, but not of this magnitude,” a coast guard official in Palermo told Reuters.

Storms and heavy rainfall have swept down Italy in recent days - with floods and landslides causing major damage in the north of the country - after weeks of scorching heat.

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking app Vesselfinder.

The Bayesian superyacht

The Bayesian superyacht is 56 metres long, according to VesselFinder.

The superyacht can accommodate up to 12 guests in six suites and is listed for rent for up to 195,000 euros (£166,000) a week. Her registered owner is listed as Revtom Ltd, which is based on the Isle of Man.

Bayesian completed several sailings in recent days, calling at various ports in Sicily.

Formerly known as Salute, or health in Italian, its 75-metre mast is the tallest aluminium mast in the world, Italian shipbuilder Perini said on its website.

Perini constructed the boat in 2008 and it was last refitted in 2020 and was managed by yachting company Camper & Nicholsons.

Camper and Nicholsons International, confirmed to  The Independent  that the Bayesian sailing yacht “encountered severe weather and subsequently sank.”

A statement continued: “There were a total of 12 guests and 10 crew onboard. The Italian Coast Guard is leading search and rescue operations, and has safely recovered 15 individuals. Efforts to locate the seven missing persons continue. Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew. More information will be provided as it becomes available.”

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Rescue teams in Sicily have resumed their search for six people who are still missing after a luxury superyacht was struck by a sudden tornado off the coast of Sicily.

British tech entrepreneur Mike Lynch , the founder of Autonomy Corporation, was one of 12 guests and 10 crew on board the 56-metre Bayesian when it went down near Porticello during a violent storm yesterday. He and his 18-year-old daughter, Hannah, are among those unaccounted for. Jonathan Bloomer, chair of Morgan Stanley International, and his wife, Judy, have also been named as among the six people still missing.

Lynch's wife, Angela Bacares, and 14 others were rescued by Italian coast guard patrol boats. Eight of the survivors, including a one-year-old, were transferred to local hospitals and are in a stable condition. One body was found nearby, believed to be that of the vessel's Canadian chef, Ricardo Thomas.

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The public prosecutor's office in the nearby town of Termini Imerese is investigating the sinking, which occurred at around 5am local time on Monday morning. A current leading theory is that a "highly localised waterspout" – a phenomenon whereby a tornado forms over a body of water – "hit and capsized the boat", said The Telegraph . The area where the sinking occurred has been buffeted by severe storms in recent days.

"We didn't see it coming," the yacht's captain, James Catfield, told Italian newspaper La Repubblica .

"It was all dark," survivor Charlotte Golunski, who was rescued along with her one-year-old daughter, told local newspaper Giornale di Sicilia from hospital in Palermo. "In the water I couldn't keep my eyes open. I was screaming for help, but all I could hear around me were the screams of others."

Marco Tilotta, a specialist diver from Palermo's fire and rescue service, told Italian newspaper Il Messaggero that the superyacht was "practically intact" on the seabed, 48 metres below the surface. "It is resting on its side on the starboard side. It has no gashes, no signs of impact," he said.

The UK Marine Accident Investigation Branch confirmed that staff had been dispatched to Sicily to conduct a preliminary assessment of the incident.

The guests on board Bayesian included Lynch's lawyers, employees and friends, who had been invited onto the £33 million vessel to celebrate his victory in a legal case in June. The 59-year-old was cleared of 15 fraud charges in the US over the $11.1 billion (£8.5 billion) sale of Autonomy to Hewlett-Packard in 2011. "I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field," he said at the time.

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Harriet Marsden is a writer for The Week, mostly covering UK and global news and politics. Before joining the site, she was a freelance journalist for seven years, specialising in social affairs, gender equality and culture. She worked for The Guardian, The Times and The Independent, and regularly contributed articles to The Sunday Times, The Telegraph, The New Statesman, Tortoise Media and Metro, as well as appearing on BBC Radio London, Times Radio and “Woman’s Hour”. She has a master’s in international journalism from City University, London, and was awarded the "journalist-at-large" fellowship by the Local Trust charity in 2021. 

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Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far: 

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time. 

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added. 

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

Rescuers recover the body of one of the people aboard the Bayesian.  ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event. 

Who is missing?

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. 

There were 12 passengers and 10 crew members aboard the yacht. 

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing. 

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include: 

• Mr Lynch's 18-year-old daughter, Hannah 
• Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
• Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
• The identities of the remaining two missing are still unconfirmed

Who was rescued? 

Fifteen people escaped from the sinking ship. 

Eight have been hospitalised and others were taken to a nearby hotel.

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves.  ( Supplied: Facebook  )

Among those rescued were:

• Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
• Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
• Ms Golunski's husband James Emslie
• New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
• A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy. 

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. 

He received the OBE for his innovation in 2006. 

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million. 

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

Mike Lynch in 2019 leaving the High Court in London.  ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges. 

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling. 

He was eventually cleared of all charges in June this year. 

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion. 

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

This picture shows the rescue operations off the Sicilian coast.  ( AP: Italian Coast Guard  )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support. 

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week. 

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line.   ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design. 

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking. 

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

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On July 7th, 2008 Joe opened Global Marine with the mission of it becoming the largest boat and yacht reseller, and the “first call” for anyone needing to quickly sell a boat for cash. His specialty is raising money, negotiating, and finding deals. In short, his focus is on one primary goal: making sales happen. Joseph’s focus at Global Marine Brokerage is on the speculative purchase and sale of luxury boats and yachts. His creativity and synergetic approach in negotiating complex deals have made him a valuable asset in the marine industry. From the capital intensive model for buying and selling yachts, Joseph quickly learned to build relationships with private equity firms and investors, and he learned the importance of developing a proactive network of buyers and sellers capable of closing more deals in less time. So, today Joseph devotes himself to being the deal guy—quick, efficient, and reliable—negotiating and sourcing opportunities for boat buyers and sellers around the Globe.

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Mike Lynch among missing after yacht sinks off Sicily

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Mike Lynch, one of the UK’s best-known tech entrepreneurs, is among those missing after a luxury yacht sank off the coast of Sicily in bad weather.

Lynch, the former chief executive of Autonomy, was acquitted of criminal charges by a jury in San Francisco in June, vindicating the 59-year-old entrepreneur after a 12-year legal battle over the software group’s $11bn sale to Hewlett-Packard in 2011.

Among the passengers on Lynch’s 56-metre yacht Bayesian were members of his legal team and their families, who had been invited on the trip to celebrate the courtroom victory.

Jonathan Bloomer, chair of insurance group Hiscox and Morgan Stanley International, who appeared at the trial as a witness for the defence, was also on board and is one of those missing, according to local Italian authorities and people familiar with the matter.

Hiscox chief executive Aki Hussain said the company was “deeply shocked and saddened” by events. “Our thoughts are with all those affected, in particular our chair, Jonathan Bloomer, and his wife Judy, who are among the missing, and with their family as they await further news from this terrible situation.”

Christopher Morvillo of law firm Clifford Chance, who represented Lynch, is also missing. Six guests in total are missing and one member of the crew is confirmed dead.

Another Clifford Chance lawyer, Ayla Ronald, was among 15 of the 22 guests and crew who the authorities said were rescued from the stricken vessel.

Lynch ’s 18-year-old daughter Hannah is also missing while his wife Angela Bacares was rescued.

Video description

The search operation near Palermo following the sinking of the yacht Bayesian

The yacht incident came on the same day as the death was confirmed of Lynch’s co-defendant in the US fraud case, Stephen Chamberlain, who was hit by a car in Cambridgeshire.

Gary Lincenberg, an attorney who represented Chamberlain in the case, said Autonomy’s former vice-president of finance, whom he described as a “courageous man with unparalleled integrity”, had been fatally struck by a car while out running on Saturday.

Following the courtroom verdict, Lynch had said he was “elated” and was “looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field”.

David Yelland, a communications adviser who worked with Lynch, said: “To think Mike Lynch might have lost his life just as he began to rebuild it is devastating for all those that know him. His entire life is one of beating the odds in the most extraordinary of situations, we must pray he does so again.” 

A spokesperson for Lynch declined to comment.

The Italian coast guard said Bayesian sank to a depth of approximately 50 metres off the coast of Palermo.

Giuseppe D’Agostino, mayor of Santa Flavia, a village on the coast close to where the vessel sank, said the search had not stopped. “The community is shaken. Everyone is helping,” he told the Financial Times.

“I spoke to some survivors. They are shocked. They didn’t have the strength to speak,” he added.

Another survivor was Charlotte Golunski, a partner at Lynch’s venture firm Invoke Capital, along with her husband James Emsilie and one-year-old daughter. She told Italian media that her family had left their cabin during the storm and headed for the deck.

Records indicate that Lynch’s family-owned the yacht. Bayesian is owned by Isle of Man-registered company Revtom Limited, according to shipping database Equasis. Isle of Man filings show that Bacares is the sole shareholder of Revtom.

The Sunday Times rich list estimated Lynch’s family fortune at £500mn earlier this year.

The name Bayesian is likely to be a reference to the 18th-century English statistician Thomas Bayes, whose theory of statistics informed the search technology behind Autonomy’s software.

The yacht had been anchored at the small Italian island of Panarea, according to MarineTraffic, a boat tracking site. It then passed through the Aeolian Islands on its way to Palermo before being hit by what has been described as a “tornado”.

Luca Cari, a spokesperson for the Italian fire department, said divers and other rescue workers had been working at the scene since Monday morning.

“We arrived when the ship had already sunk,” he said, adding that the operation was complicated by the depth to which the boat had sunk. Cari said the body had been recovered outside the shipwreck. He declined to identify the victim.

The UK’s Department for Transport said the UK’s Marine Accident Investigation Branch was deploying a team of four inspectors to Palermo to conduct a “preliminary assessment into the foundering”. The UK will lead the investigation because the vessel was flying the British flag.

Additional reporting by Michael Acton, Robert Wright, Robert Smith, Joshua Franklin, Jim Pickard and Ian Smith

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