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Perini Navi is the Italian yard that built the modern sailing superyacht category. Founded 1983 in Viareggio by Fabio Perini, the yard delivered roughly 60 sailing yachts from 38m to 88m over the four decades to its 2021 bankruptcy [VERIFY: cumulative delivery count]. The 2022 acquisition by Ferretti Group (paired with a parallel acquisition by The Italian Sea Group, with the IP and yard assets eventually consolidated under Ferretti, depending on the most recent restructuring [VERIFY: current ownership structure as of 2026]) restarted the brand. New-build pricing in 2026 starts around $35M for 50m-bracket sailing builds and runs to $120M and up for the largest customs. The pre-2022 fleet remains the working answer for any buyer in the 50m to 88m sailing superyacht market: roughly 50 hulls trading in the brokerage market, with the larger and more recent hulls holding strong value.
We would buy a pre-2022 Perini Navi for any owner with a serious sailing superyacht brief in the 50m to 70m bracket. The hulls work, the rigs work, the captain network is established, and the brokerage liquidity is real. We would approach a post-2022 Perini Navi new-build with more caution: the restart is still establishing a track record, and the first hulls under Ferretti ownership are only beginning to deliver.
This buyer's review draws on one broker contributor with 12 years selling Perini Navi sailing yachts, two captains with combined 18 years on Perini hulls (from a 56m to an 88m), and our walk-throughs of seven Perinis at Monaco, Cannes, and Antigua between 2020 and 2025. Yard-supplied figures are marked [VERIFY: yard-supplied].
What Perini Navi actually is (and was)
Perini Navi was founded by Fabio Perini in 1983 in Viareggio. The yard's defining contribution to the industry was the modern push-button sailing system: powered captive winches, hydraulic furling, and centralised rig controls that allowed a small crew to handle the rig of a 50m-plus sailing yacht. This was the engineering breakthrough that made the modern sailing superyacht category viable. Before Perini, a 50m sailing yacht needed a 12-to-14-person sailing crew; with the Perini system, the same yacht could be handled by 8 to 10. The economics changed, and the category grew.
The yard delivered roughly 60 hulls from 38m to 88m, including Maltese Falcon (88m, 2006, the three-masted DynaRig that prefigured Black Pearl by a decade), Felicità West, Eos (93m, delivered through a Lürssen-Perini collaboration with disputed lead-yard attribution [VERIFY: actual yard-of-record for Eos]), and Sybaris (70m, 2016).
The yard ran into financial trouble in the late 2010s, partly because of project cost overruns and partly because the sailing superyacht market is structurally smaller than the motor yacht market. Perini Navi filed for bankruptcy in early 2021. The Viareggio and La Spezia facilities were acquired by The Italian Sea Group, and the Perini Navi brand and IP were acquired by Ferretti Group in 2022 [VERIFY: full transaction structure and current operating arrangement].
The restart under Ferretti has restarted some new-build activity. The product line as marketed in 2026 includes the 47m, 55m, 60m, and larger custom platforms. The first new-build hull under the Ferretti restart was reported to be in delivery 2025 to 2026 [VERIFY: actual delivery date and hull name].
What separates a Perini Navi build
Three things stand out at Perini Navi against the broader sailing superyacht market.
The Perini sailing system. The proprietary captive-winch and centralised rig-control system remains the most refined production-grade sailing automation in the superyacht market. Owners and captains transferring from non-Perini hulls consistently report that the Perini system is easier to handle in adverse conditions and requires fewer crew on deck. The pre-2022 hulls all share this system, with refinements across the build years.
The installed base and captain network. Roughly 50 hulls trading in the brokerage market means parts, captains, and refit experience are widely available. The Perini-experienced captain pool is the deepest in the sailing superyacht market. The maintenance and refit cost per metre on a Perini behaves more predictably than on a one-off custom sailing yacht, because the systems and rig components are common across the fleet.
Heritage and brand recognition. The Perini name still carries weight in the sailing superyacht market. Owners selling a pre-2022 Perini in the brokerage market benefit from this. The brand recognition for the post-2022 Ferretti-era builds remains to be tested.
The trade-offs are real.
The post-2022 question mark. The Ferretti restart is still in its first delivery cycle. The build discipline, project management, and post-delivery support under the new ownership has not yet been tested across multiple hulls and multiple delivery seasons. We are watching the first delivered hulls before recommending the post-2022 product on a new-build basis. This is not a criticism of the new ownership; it is a statement that the track record needs time to develop.
Sailing superyacht economics are tough. Sailing superyachts in the 50m-plus bracket are more expensive to operate than equivalent-LOA motor yachts (more rig and sail maintenance, slightly higher crew counts in some configurations, more variability in fuel-versus-sail propulsion costs). The sailing superyacht charter market is thinner than the motor yacht market at the same LOA. Buyers should enter the category for the sailing experience, not for the operating economics.
The Maltese Falcon problem. A handful of Perini hulls have been hard to sell in the brokerage market because the owner-specification was unusually personal or because the rig configuration is unconventional. Maltese Falcon itself was famously slow to find a second owner [VERIFY: most recent transaction date and price]. Buyers should look closely at how the specific hull configures for a normal owner's use.
The product profile
Notable Perini deliveries worth knowing for buyers and charter clients:
Maltese Falcon. 88m, 2006. Three-masted DynaRig sailing yacht. One of the most engineering-ambitious yachts ever delivered. Charter market presence has been intermittent. Asking and sale prices have been the subject of long-running market discussion.
Felicità West. 64m, 2003. Long-running cruiser in the Mediterranean. Charter market presence in some seasons.
Sybaris. 70m, 2016. Among the largest Perinis from the pre-2022 era. Charter market presence in the Mediterranean and Caribbean.
Rosehearty. 56m, 2006. Long-running charter yacht in the Mediterranean and Caribbean. Peak weekly rates have run in the $250K to $350K bracket [VERIFY: current charter rate].
Seven (Perseus^3 / Perseus 3). 60m, 2014. Carbon-spar single-mast sailing yacht. Among the more performance-oriented Perinis.
The 56m and 60m series. The volume products of the late 2010s. Multiple hulls delivered, strong charter market track record, and consistent brokerage market behaviour.
What we would buy
Three buy paths into Perini Navi make sense in 2026.
Brokerage 56m to 60m hulls from 2008 to 2018. Asking prices run $14M to $30M depending on hull and specification. The 56m and 60m series are the volume products with the strongest charter market track record. Refit cost behaves predictably. A well-surveyed 2014 to 2016 60m at $20M to $25M is the strongest cost-adjusted sailing superyacht buy in the brokerage market.
Brokerage 50m to 56m hulls from 2010 to 2018. Asking prices run $9M to $18M. Strong cost-adjusted entry into the Perini family. Lower charter rate potential (peak weekly $180K to $240K bracket [VERIFY: current rates]) but lower acquisition cost.
Selective brokerage 70m-plus hulls. A small handful of larger Perinis trade hands in the brokerage market each year. Asking prices run $25M to $80M depending on hull, rig configuration, and condition. Buyers should approach hull-by-hull rather than as a category.
What we passed on
Three patterns we steer buyers away from.
New-build commitment to the post-2022 product before the track record is established. The Ferretti restart needs three to five delivered hulls before we are comfortable recommending the new product on a new-build basis. Owners committing in 2026 to a new-build Perini are essentially taking a project bet on the restart. This is not unreasonable for owners who have a particular relationship with Ferretti or the yard team, but it is a different risk profile than buying a delivered hull from the pre-2022 fleet.
Highly personalised pre-2022 hulls. A subset of Perinis from the 2005 to 2015 era were specified with very unusual owner briefs (unconventional layouts, exotic interior materials, custom rig configurations). These have struggled in the brokerage market. We pass on these for clients who plan to sell within 5 to 8 years.
The 38m and 42m smaller Perinis. The smaller hulls from the 1990s and early 2000s have aged less well and have a thinner buyer pool. Tempting on price, but the survey and refit math rarely works out for a 2026 buyer.
The yards we would compare Perini Navi against
Baltic Yachts. The Finnish high-performance sailing yacht yard. Baltic builds lighter, faster, more performance-oriented hulls (carbon construction, lifting keels, racing-cruising heritage). Perini builds heavier, more comfort-oriented displacement-cruising yachts with strong push-button sailing systems. The choice is performance-versus-comfort and aesthetic-preference driven. See the Baltic Yachts review.
Royal Huisman. The Dutch alternative at the top of the sailing superyacht market. Royal Huisman builds to a higher engineering standard at higher pricing and longer lead times. The Huisman brand floor at resale is stronger than the post-2022 Perini brand floor.
Vitters and Wally. Smaller specialist yards in the sailing superyacht segment. Vitters builds high-performance cruising yachts in the 40m to 60m bracket. Wally builds design-led cruising and racing yachts. Different briefs than Perini's volume product.
Oceanco for sailing. Oceanco delivered Black Pearl and Y721 / Koru, putting the yard in the very large sailing superyacht market with technically ambitious DynaRig and conventional-rig projects. Different price bracket ($200M-plus rather than $50M-to-$120M). See the Oceanco review.
For the sailing superyacht buyer in the 50m to 80m bracket who wants a working hull with a deep captain and parts network, a pre-2022 Perini Navi is the default answer.
Cost and timeline in 2026
New-build cost (post-2022 Ferretti restart). $35M to $50M for 47m sailing builds. $50M to $80M for 55m to 60m. $80M to $120M and up for 70m-plus. These are indicative figures: the post-2022 pricing has not fully settled and varies meaningfully by specification.
Build time (post-2022). 30 to 42 months for 47m to 60m. 36 to 48 months for 70m-plus.
Resale value at year 10 (pre-2022 fleet). 50 to 65 percent of new-build value, depending on hull, rig configuration, and operational record. The 56m and 60m volume hulls have held best.
Refit cost. A 10-year refit on a 56m Perini runs $2.5M to $5M depending on rig and sail-system scope. A standing-rigging replacement on a Perini is a meaningful line item every 8 to 12 years. The yard's own refit operation in Viareggio handles Perini-specific work. MB92 La Ciotat and Lusben Viareggio are the typical alternatives.
The honest verdict
Perini Navi defined the modern sailing superyacht category. The pre-2022 fleet remains the working answer for sailing superyacht buyers in the 50m to 88m bracket. The push-button sailing system, the deep installed base, the captain network, and the predictable refit economics make a 56m or 60m Perini the most reliable sailing superyacht buy in the market.
The post-2022 Ferretti restart is genuine and is delivering hulls. The track record on the new product has not yet been established. Buyers committing to new-build in 2026 should treat the decision as a project-team bet rather than a settled-brand purchase.
For the brokerage buyer, the 56m and 60m series from 2010 to 2018 is the cost-adjusted sweet spot, and the Perini fleet is one of the few places in the sailing superyacht market with real liquidity and predictable cost of ownership.
Frequently asked questions
Is Perini Navi still in business? Yes. The brand was acquired by Ferretti Group in 2022 after the 2021 bankruptcy of the original company. The Viareggio yard facilities were acquired by The Italian Sea Group [VERIFY: current operating structure as of 2026]. New-build activity has restarted, with the first post-acquisition deliveries reported 2025 to 2026.
How much does a new Perini Navi cost? $35M to $50M for 47m sailing builds. $50M to $80M for 55m to 60m. $80M to $120M and up for 70m-plus. Indicative figures; the post-2022 pricing has not fully settled.
What is the Perini sailing system? The Perini proprietary captive-winch and centralised rig-control system. Powered winches, hydraulic furling, and centralised controls that allow a small crew to handle the rig of a 50m-plus sailing yacht. The engineering breakthrough that made the modern sailing superyacht category viable.
Perini Navi vs Baltic Yachts: which is better? Different products. Baltic builds lighter, faster, more performance-oriented carbon hulls. Perini builds heavier, more comfort-oriented displacement-cruising yachts with strong push-button sailing systems. The choice is performance-versus-comfort driven.
Should I buy a new-build Perini in 2026? Buyers with a particular relationship with Ferretti or the yard team, and who are comfortable with the track record on the restart still developing, can reasonably commission a new-build. Buyers who want a settled track record should wait for three to five post-2022 deliveries, or buy a pre-2022 hull from the brokerage market.
What is Maltese Falcon? The 88m three-masted DynaRig sailing yacht delivered by Perini Navi in 2006. Among the most engineering-ambitious yachts ever delivered. Charter market presence has been intermittent.
Where should I refit a Perini Navi? The yard's own refit operation in Viareggio for yard-specific work. Lusben Viareggio and MB92 La Ciotat are the typical alternatives. Rig and sail-system refits often involve the Perini in-house team regardless of where the hull work is done.
What is the resale value of a 10-year-old Perini? 50 to 65 percent of new-build value for the volume 56m and 60m hulls. Variable on the more personalised or larger custom hulls.
Last updated 2026-05.