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Christina O Listed at Half Price Amid Yacht Market Slump

5/9/2026

Summary

Story summary

Broker Tim Morley lists the 325-foot Christina O for €52 million, about half its original €90 million asking price, with no buyer secured.
The 1943 Canadian frigate HMNS Stormont was bought by Aristotle Onassis, received $4 million in conversions, and, because it holds 157 guests, is classified as a passenger vessel rather than a yacht.
Wars in Eastern Europe and the Middle East and a slumping European economy are reducing demand for ultra-luxury yachts.

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Story summary

Broker Tim Morley lists the 325-foot Christina O for €52 million, about half its original €90 million asking price, with no buyer secured.
The 1943 Canadian frigate HMNS Stormont was bought by Aristotle Onassis, received $4 million in conversions, and, because it holds 157 guests, is classified as a passenger vessel rather than a yacht.
Wars in Eastern Europe and the Middle East and a slumping European economy are reducing demand for ultra-luxury yachts.