juil
21
2010
Luxury Yacht Sales Sink as Costs Add Up
Posted by Yachting Intelligence in Yachting market, tags: Expenditures, Superyacht costs, Superyacht marketMiami – Hundreds of feet of decking, swimming pools and helipads may hide it well, but even luxury yacht owners are struggling
The superyacht or megayacht segment of the industry — ships commonly defined as 80 feet or longer — has boomed worldwide despite a slump in purchasing price. According to the 2009 Luxury Yachting Index, compiled by yachting firm Camper & Nicholsons and the Luxury Institute, there were 3,800 such yachts in existence worldwide at the end of 2008, the last year for which statistics were available. Camper & Nicholsons estimates that number is now around 4,200.
In 2008, 330 superyachts were sold, 15 more than in 2007, but the total dollar value plummeted 20% from the year before Read the rest of this entry »
Entries (RSS)