Project Elusive – 122.5m Superyacht by Lürssen 🇩🇪

Project Elusive – 122.5m Superyacht by Lürssen 🇩🇪

The 122.5-metre Lürssen superyacht Project Elusive has been sold and is currently under construction at the German shipyard’s facility in Bremen. Delivery is scheduled for 2030.

Key facts:

• Length: 122.5 m • Gross Tonnage: 5,500 GT • Beam: 16.8 m • Draft: 4.4 m • Hull: Steel • Guests: up to 22 in 11 staterooms • Builder: Lürssen 🇩🇪 • Delivery: 2030

Identities of the exterior and interior designers remain under wraps. Further details will be released as construction progresses.

Valuation is a guess (no official price released).

Estimated new-build value (2026 prices)

€500 – 600 million

Reasoning

• Lürssen 120m+ new builds currently range €400–750 million+ depending on volume, complexity and specification.
• Project Elusive has a high volume for its length (5,500 GT), which significantly increases cost.
• Typical Lürssen pricing sits around €3.5–5+ million per metre for this size segment.
• Recent comparables:
  • 122m Kismet (2024) – industry estimates were in the mid-to-high €300s million at the time of build.
  • 115m Ahpo (2021) – recently listed at €340 million (brokerage, not new-build).
  • 123m Al Lusail – long-term market value around $500 million.
  • Larger/higher-volume Lürssens regularly exceed €550–650 million.

Given the 5,500 GT volume, 11-stateroom layout, full custom specification and 2030 delivery slot, a realistic current estimate sits in the €500–600 million bracket.