Emerald Isle Auction Falls Short

August 31, 2010: FT. LAUDERDALE, FL - - The auction of the 126-foot Emerald Isle did not go as anticipated last week, with the minimum bid failing to be reached. But there is still a chance the yacht will sell.

Built by Christensen Shipyards in 1992, Emerald Isle attracted a high bid of $2 million, but the minimum bid had been set at $2.85 million. She features an on-deck master suite plus three guest staterooms, one of which is full beam, and reportedly cost $7 million to build. There are also crew’s quarters for six, all below decks.

Emerald Isle was being offered jointly by J.P. King Auction Company, an auction marketing firm, and Yacht Auction Group, which has overseen the sale of boating-related and other luxury assets. Previously, the yacht, which underwent a $2-million refit in 2009, had been offered for sale through traditional brokerage channels but didn’t sell.

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Photo used with permission from Diane Byrne