First yacht built by Icon changes hands

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BEAM Staff
October 21, 2017
Icon, the first hull built by Icon Yachts on the 62.5m platform, has now been sold at an asking price of €48,500,000. She was previously listed for sale back in June 2016 first asking €62,5 million following an extensive refit.

M/Y Icon was the first yacht to be delivered by Icon Yachts, a Dutch-based shipyard founded in 2005 by Ton Van Dam and Alex Shnaider, a Russian-born entrepreneur who had also bought Eddie Jordan's Formula 1 team in 2005 before selling it in 2006 to Spyker Cars.

The shipyard's initial goal was to create a 62.5m yacht platform that would allow easy customization and delivery times close to 2 years. After Icon, two more sisterships were launched, Martin Bouygues' Baton Rouge and Maidelle.



Icon Yachts was forced to let go half of its employees from 2010 to 2012 and recorded liabilities of €11 million in 2012 according to Ground Report. The company was then forced to declare bankruptcy in 2014 in the aftermath of the financial crisis. In February 2014, Alexander Mazanov bought M/Y Icon at an asking price of €45,000,000 according to Boat International. The yacht had previously entered the brokerage market back in 2010 at an asking price of €75,000,000.

Mr Mazanov later bought Icon Yachts out of bankrupcy in August 2014 according to Dutch publication, Quote. The shipyard now appears to be healthy, having recently completed the refit of Jan Verkerk's 77m Legend An 80m+ project is currently at the shipyard as well.



Designed by Redman Whiteley Dixon, Icon's most attractive features include a large glass-bottomed spa pool, an extensive beach club, a hammam and a sauna. Extended by 5 meters during her refit in 2014, the yacht now has a length of 67.5m. 

Icon is capable of accommodating 12 guests in 6 cabins and carries a crew of 17. From a technical standpoint, the yacht is powered by twin MTU engines of 2,480hp each giving her a maximum speed of 16 knots. The yacht is also available for charter through Bluewater who brokered the sale on behalf of Icon's new owner.

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