Bidding has just begun for the September 2016 European 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.

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

The September Auction has begun and runs until Tuesday September 20, 2016 20:00 (GMT/BST)

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

Happy bidding!