patric/daccache

About Patric Daccache

Founder of YachtAddress. Yacht market analyst and author. Based in Dubai, working with yacht brokers internationally.

Patric Daccache
Now
Founder of YachtAddress
Background
Yacht broker and shipyard work, independent yacht advisory, fifteen years of web design
Member
International Yacht Brokers Association (IYBA), International Superyacht Society (ISS)
Based
Dubai, United Arab Emirates
Published
SuperYachtNews, Elite Jet Magazine
Book
What They Don't Tell You Before You Buy a Yacht
Elsewhere
LinkedIn, more than 4,500 followers

Where this starts

A brokerage I worked with had a yacht that had been listed for most of a year. Good yacht, decent price, competent broker. The owner called every few weeks with the same question, and the honest answer was always a version of "we are marketing her". We were. The portals had her, the brochure had gone out twice, two co-brokers had shown her. What we did not have was a way to show the owner what had happened, and what we proposed to do about it, in a form he could hold in his hand.

That year taught me more about the yacht market than any transaction that went smoothly.

The broker's chair

I spent years selling yachts as a broker and working for shipyards. The mechanics stay with you: the mandate that needs renewing, the co-broker who wants material by tonight, the buyer who has three nearly identical presentations open and cannot tell the yachts apart, the price change that reaches the portals but never reaches the people who looked in spring.

Brokers do the hardest part of a sale. Months of marketing, owner management, viewings across time zones, negotiation, closing. Commission pays for that work, and a good central agent is the seller's best asset. The things that go wrong are usually around the broker, not because of the broker: an owner's expectation, thin material from the last refit, documents nobody scanned, tools that age.

The analyst's habit

Before YachtAddress I ran an independent yacht advisory practice, writing pre-purchase analyses for buyers and sale reviews for owners. The habit that stuck is simple: write down what is actually happening. Comparable inventory, time on market, price history, what buyers asked and what they did not say. Put it on one page the next conversation can use.

That habit became a book, What They Don't Tell You Before You Buy a Yacht, and a few pieces of industry commentary. It is also the reason the tools on this site refuse to invent a probability of sale. They list questions. The market answers them.

Fifteen years of websites

The other half of my working life was building websites, long before the first yacht. When I put the two together, the gap was obvious. A yacht is sold with a static listing and a fragmented trail of PDFs, while the yacht herself keeps changing. Digital presentation has to stay relevant through the whole sales period, not only on launch day. That is the problem YachtAddress was founded to solve, and it is why I build it rather than just describe it.

Dubai

I am based in Dubai and work internationally. The Gulf is a winter base, an ownership market and, increasingly, a place where the decision is made before the yacht is ever seen in the Mediterranean. Being here means I can meet a buyer or an owner for an international broker within days, and that I watch one of the more interesting corners of the market from inside it.

How it came together

  1. Web design

    Fifteen years of building websites: structure, copy, design and the work after launch.

  2. Yacht brokerage and shipyards

    Selling yachts as a broker and working for shipyards. Listings, co-brokers, owner meetings, the months when nothing moves.

  3. Independent advisory

    An independent yacht advisory practice in Dubai. Written pre-purchase analysis for buyers, sale reviews for owners.

  4. The book

    What They Don't Tell You Before You Buy a Yacht. Commentary in SuperYachtNews and Elite Jet Magazine.

  5. YachtAddress

    Founded to give brokers the digital environment around an active listing: her own website, the relaunch plan, Listing Pulse.

What I believe about selling yachts

Six positions, stated plainly. They shape the labs on this site and the business behind it.

  1. 1

    An asking price is the owner's estimate. Market value is what a qualified buyer pays for a comparable yacht today. The broker manages the space between the two and deserves evidence to do it.

  2. 2

    Time on market is feedback, not just elapsed time. Read it early and together, before the owner reads it alone.

  3. 3

    More exposure cannot repair a yacht positioned wrongly. Fix the position first, then spend on reach.

  4. 4

    The first photograph and the first sentence do more selling than the next twenty pages.

  5. 5

    Presentation supports a commercial position. It cannot replace one. Work out where she sits, then build the listing around it.

  6. 6

    The broker carries the sale. Every tool and every report should leave the broker with more time for buyers and a better answer for the owner.

How I work

Written down, first. A conversation about a listing is worth more when it starts from a page: where she stands, what the buyers said, what changed, what is proposed. I write that page before the meeting, and I expect to be argued with.

Specific over general. A brokerage does not need another opinion about the market. It needs to know which three yachts a buyer has open next to theirs and how long those have been listed.

With the broker, in the broker's name. The owner hears from the broker. The buyer hears from the broker. My work sits behind that, in the material, the website and the reports.

No invented numbers. If something was not recorded, the report says so. A plan that admits what it does not know is worth more at the renewal than one that sounds complete.

About Patric, briefly

Who is Patric Daccache?

Patric Daccache is the founder of YachtAddress, a yacht market analyst and the author of What They Don't Tell You Before You Buy a Yacht. He is based in Dubai and works with yacht brokers internationally on the digital presentation and follow-up around active listings.

Where is Patric Daccache based?

In Dubai, United Arab Emirates. He works with brokerages wherever their listings are: the Mediterranean, the Gulf, Northern Europe and the United States.

Is Patric Daccache a yacht broker?

He worked as a yacht broker and for shipyards before founding YachtAddress. Today he does not hold listings. When a brokerage works with YachtAddress, the broker keeps the mandate, the owner relationship and every buyer.

Where has Patric Daccache been published?

In SuperYachtNews, with the opinion piece Why yacht buying should not be fun, and in Elite Jet Magazine. He is the author of What They Don't Tell You Before You Buy a Yacht.

How can I contact Patric Daccache?

Through the contact page, by email at pd@yachtaddress.com or on WhatsApp at +971 58 502 3314. YachtAddress enquiries go to pd@yachtaddress.com.

Patric Daccache does not act as broker on the sales he works on and is not a surveyor, lawyer, tax adviser or financial adviser. Written analysis is commercial judgement; it does not replace a marine survey, legal review or regulated professional advice.

Have a yacht, a market question or an idea worth discussing?

A short introductory conversation costs nothing. Write to me, or send the public link of a listing and I will tell you what I see.