If you take a gander at November's list of "America's 100 Largest Yachts," you'll see that we highlighed an interesting trend in the megayacht market: In the past year, many megayachts—American-owned and not—have gone on the market. And most of them are moving, which shows that the megayacht market—particularly the second-hand one—is alive and well.

One vessel that's sure to sell soon is the 121-foot Java. Why's that? Well, according to The Sacks Group, if this custom Broward isn't sold by November 2nd (the day after the close of the Fort Lauderdale Boat Show) she'll be auctioned off at the group's display in Las Olas Marina. (The auction will be held onboard the vessel, which will sit at A-dock.) The winning bidder will take ownership of a vessel that accomodates ten guests in five staterooms, has a country kitchen, and an eight-person Jacuzzi. According to auctioneer Kurt Bosshardt, these features have helped make Java "a well-established luxury charter yacht. As a bonus," he adds, "she already has at least two charters reserved for the coming season, worth in excess of $150,000, which will go with her to the successful bidder, plus many repeat guests have already expressed an interest in returning this year.”

In order to participate in the auction, participants will have to place a refundable deposit of $150,000 in escrow before noon on November 2nd. Registered brokers and buyers will be allowed to tour her between 1 and 3 p.m. and immediately after the auction will begin. Because it is an open-bid, sequential order event, participants will be able to review all bids and will enter theirs in the order in which their deposits were receiving. This will continue until only the winner—and Java's new owner—is left.