Leading figures from the superyacht sales business took part in a live Q&A on the second day of the Virtual BOAT Show, answering questions pitched by BOAT International's digital audience.
Dozens of questions were submitted through our social channels, amongst them: is now a good time to buy a yacht? How does this crisis compare to the previous one in 2008? What is your best advice for first-time buyers? And what's your outlook for the 2020 charter season?
Answering the questions were Fraser sales broker Antoine Larricq, and Will Bishop, new construction and sales broker at YPI.
Discussing the state of the brokerage market, Larricq said that boats were still changing hands in the US, but the picture in Europe was more difficult, given the lockdown.
"As soon as we are able to travel, as soon as we are able to show the boats, organise a sea trial and a survey, business will start again, but probably not as strong as previous years."
Bishop, meanwhile, said that, despite everything, "there are good opportunities in the market" since some owners have decided they won't be using their yachts this year and so are happy to see them listed.
Both brokers agreed that a lot hinged on whether the Med would be open by August. "I'm remaining positive that we will be able to move and travel and I'm still discussing potential sales with clients who want to try out boats this summer and who want to do charters,” added Bishop.
"The earliest I'm really planning for is August. That's the last possibility of salvaging anything for this season. After that, this season is done."
Meanwhile, the next live event taking place during the Virtual BOAT Show is The Great Superyacht Quiz, being held on Friday 1 May. You can register below.