Andromeda La Dea. Photo courtesy of Perini NaviThe 282-foot megayacht Chakra accommodates 20 guests in 24 cabins “She wasn’t a classic sailboat, but when the sails are furled up and she’s at dock, she ...
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The ultra-rich can buy yachts to live ‘nowhere’ — but can it also be a tax strategy? Not for most Americans
Yacht life is often seen as a decadent pursuit of the ultra-rich. And, with a growing number of billionaires — driven by a boom in AI and tech wealth — superyachts are the new status symbol of the ...
The yacht industry was considered by analysts to be invincible, because its customers are too wealthy to be bothered by inconveniences like inflation and recessions. Moreover, the number of people who ...
A yacht is one of the most costly assets you can own. Forget the upfront cost; the additional cost of fuelling, berthing, constantly maintaining and crewing a yacht adds an eye-watering sum on top of ...
The average purchase price of a 20-foot boat is between $10,000 and $60,000. For a boat to be a yacht, it has to carry certain features, and it's more expensive than other boats. Ongoing maintenance ...
Luxury and sustainability aren’t words that you often see together. When exuberant decadence is the name of the game, thinking of the planet tends to go out the window pretty damn quick. But as I was ...
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