- A sales broker brings the yacht to the attention of Boathouse Auctions. (The auction house will not work directly with yacht owners.)
- Promotions go online and a date is set for the yacht's sale at auction.
- Boathouse Auctions takes a 5 percent commission, on top of the broker's commission. If the yacht sells prior to the auction date, then the seller pays the extra 5 percent to the auction house. If the yacht sells at auction, then the buyer pays the extra 5 percent to the auction house.