How are yachts valued in divorce?

Why Yachts Matter in High-Net-Worth Divorce

In high-net-worth (HNW) and ultra-high-net-worth (UHNW) divorces, yachts are often more than just luxury assets - they can become the centrepiece of a financial settlement. For example, the divorce between billionaire Farkhad Akhmedov and his ex-wife Tatiana featured a highly publicised dispute over Mr Akhemdov’s c.£330m superyacht.  

Whether it’s a modest sailing yacht or a £300 million superyacht, these vessels may be subject to division upon divorce.

Yachts are unique in that they combine lifestyle, prestige, and significant financial value. Their valuation requires specialist expertise and careful legal consideration.

What Affects a Yacht’s Value in Divorce?

Courts consider a range of factors when assessing the value of a yacht:

• Size, model, and manufacturer
• Age and condition
• Specifications and customisations
• Maintenance history
• Mooring location and registration
• Market demand for similar vessels

While most yachts depreciate over time, some - especially custom or limited-edition models - may retain or even increase in value depending on market trends and rarity.

How the Courts Value Yachts

The valuation process typically involves:

1. Full financial disclosure of all marine assets, including yachts, tenders, and moorings
2. Appointment of a Single Joint Expert (SJE) - a specialist yacht broker or marine surveyor jointly instructed by both parties
3. Expert valuation report based on:
   • Comparable sales
   • Condition and specifications
   • Running and maintenance costs
   • Marketability and depreciation forecasts
4. Court consideration of the report as part of the overall financial settlement

The court may order the yacht to be:

• Sold and proceeds divided
• Retained by one party with an offset in other assets
• Transferred as part of a property adjustment order

Matrimonial vs Non-Matrimonial Yachts

Whether a yacht is considered matrimonial property depends on when and how it was acquired:

• Yachts purchased during the marriage are typically matrimonial assets and subject to the sharing principle
• Yachts acquired before the marriage, or inherited, may be considered non-matrimonial - but can still be included in the settlement if needed to meet the other party’s needs

If you are considering or going through a divorce and you or your spouse own a yacht, contact Vardags today for a free initial consultation with one of our expert divorce solicitors. 

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