Bidding has just begun for the July 2016 Boatbid! is an online boat auction distinct from other online auctions. It is not a “distressed-vessel” or an eBay style auction where the winning bid is obligated to the purchase sight unseen. Instead the winning bidder (if the reserve price is met), agrees to sign a standard Purchase and Sale Agreement at the winning bid price, and to provide a 10% deposit as part of that agreement, subject to satisfaction of demonstration and survey contingencies. A Boatshed yacht broker will assist you through the purchase after the auction has ended. Bidders names are confidential – if you are out bid you will receive email notification so you can place a higher bid.

The July Auction has begun and runs until Tuesday July 19, 2016 19:00 (GMT/BST)

REMEMBER if you bid within minutes of the auction ending, you will extend the bidding for a further 10 minutes.

Here are a few of the lots for sale in July's Boatbid auction -