Northrop and Johnson

Equestrian Festival????? Polo?????? What do horses have to do with Yacht Sales and Yacht Charters? Northrop and Johnson of Boston has found that the upper level equestrian events such as the Hampton Classic, Winter Equestrian festival in Wellington, Florida and Palm Beach Polo attract the clientel that fit into the profile of a yacht owner or Charter Guest. Northrop and Johnson of Boston is sponsoring the Northrop and Johnson business center at the Wellington Equestrian Center this winter as part of the sponsorship package for the Winter Equestrian festival. The event begins on january 13 and runs to mid April. The event features the top Jumpers in the world at the top venue in the world. Jumping events are scheduled every Weds, Thursday, Friday, Saturday and Sunday.

Palm Beach Polo has always been a large draw in western Palm Beach County. Northrop and Johnson of Boston is proud to be a sponsor.

Call Matt at 978-921-6600 and he will arrange for passes if you are interested in visiting the events.

As the press continues to slam the economy and bring panic and concern to most of the world I can assure you that things are not all bleak. The large Yacht Sales market is fairly strong for Northrop and Johnson of Boston. Not as strong as it was several years ago but lets face facts. It was crazy several years ago and spun out of control. Prices were inflated by 30 percent and more. In today’s large yacht market there seems to be more of a correction to reality and in rare cases bargain sales. The small boat market is devistated. Banks were lending to Buyer’s who could not afford to own a boat. As a result there is a large supply of bank owned boats, Mostly up to 50′. The middle market is flat for the most part (50-100′) however recently there has been a flurry of activity.

Yacht Charters are coming back strong. Paula and Bridget recently attended the Antigua charter meeting and found the buzz to be promising and uplifting. Yacht Charters are new to Northrop and Johnson of Boston. The office is already experiencing success through social networking and luxury events.

May 22-25 found Steve Doyle, yacht broker of the Boston Northrop and Johnson office, in Monaco with clients for the Monaco Grand Prix. Steve’s description of the patronage was as follows; “The Super Bowl, Kentucky Derby and Nascar combined do not equal the per capita wealth of the patrons attending the Monaco Grand Prix.” Steve’s clients are building twenty marinas in Abu Dhabi, UAE.  In November of 2009 the Aldar owned Race Track marina will host an F-1 grand prix auto race. Steve has secured the charter rights from Aldar to handle the yachts chartered by sponsors, team owners and guests.  For more information to charter a yacht for the Formula One race in Abu Dhabi, please contact steve@njyachting.com.