Superyacht Guide

The Superyacht Guide

When the recession hit, yacht sales slowed down. It’s hard to believe it’s been five years now since the recession was declared over. While superyacht sales haven’t jumped back, they’re doing far better than many other  luxury industries.

So what is a super yacht exactly? How is it different from a boat? We know it’s a large ship, but the definition of a superyacht changes with each periodical you read. In this particular series, we’re going to focus on yachts that are over 24 meters long.

The History of Superyachts

While most people consider superyachts to be a fairly recent innovation, the truth is they’ve been around for some time. While it’s tough to discern exactly when large ships were used for personal travel, we can chart the course of yachts as far back as the Mahroussa in 1865. Shockingly, still in service, this superyacht, now called the El Horria was built for Isma’il Pasha, the Khedive of Egypt at the time. Built by the Samuda Brothers, it remained in service with the Egyptian royal family until the early 1950s.

It has undergone some fairly large transformations, beginning with lengthening of forty feet in 1872 and another 16.5 feet in 1905 in Scotland where it was outfitted with steam turbines in lieu of its original paddle wheels. It wasn’t until after the abdication of King Farouk that the yacht was sent back to Egypt and ownership granted to the government where it was given the name El Horria. Today, the ship is in the hold of the Egyptian Navy and sees occasional use as a Presidential Yacht on average three times each year, for one day at a time.

While this is certainly one of the first superyachts created for pleasure, it was nowhere near the last. Today there are hundreds of superyachts on the water with orders being fulfilled all the time. Yachts have certainly come a long way, but they still remain the same lavish home away from home for society’s elite.

Available for sale, charter and lease, superyachts are used for personal and professional travel and vacations by celebrities, politicians, royalty and business moguls. Celebrities such as Simon Cowell and Leonardo DiCaprio are well known for chartering superyachts for their friends and family, and today many of these yachts are outfitted with the very latest in toys and amenities. I’ve interviewed many yacht owners who pride themselves on the toys in their fleet. From waterslides coming off the top deck to discos and theme rooms, many of these yachts are size of commercial cruise ships and rely on a crew as big as or bigger than the number of guests on board.

A Luxury Industry All Its Own

When I interviewed Hank Fried, last year, the hotel magnate made it clear why he owned three yachts with a fourth on the way. “”The reason I own a boat is because I want the boat available when I want the boat available”, he said. Fried who owns the 125ft luxury yacht ‘Impulsive’ agreed that owning a superyacht is pretty much the greatest access ticket anyone can have. Millionaires have Centurion Cards, charter jets and fly in helicopters; but billionaires own superyachts. Sure you can buy a superyacht in some markets for just a few million, but it’s the upkeep that will rake your bank account clean.

“Owning a boat is a business unto itself”, Freid told me “It sometimes keeps me busier than my actual business which is making me money”.

For men like Freid, owning a superyacht is an all-access pass to the world’s most elite circles. Most of us only dream of it, but for superyacht owners, is ownership worth all we think it’s cracked up to be?

The short answer is no. The fact is that the cost of ownership is high. When I say high, I mean really high. Annual costs for crew, fuel, food, drinks, docking, taxes, surcharges and other expenses can easily cost a quarter of the initial cost of purchase and in some cases, even exceed it. Most billionaires are billionaires for a reason; according to Forbes they’re addicted to working. The fact is that while these men and women can afford to take time off, they usually don’t, and therefore only use their superyachts for a short time every year. In fact, during recent interviews I was told that often, even new yachts can spend more time in maintenance yards than on the water. There’s no such thing as a $10 oil change. The more the yacht costs to buy, the more it costs to maintain and own. This is one reason that most superyacht owners encourage prospective owners to charter; not because they want to limit the social circle of actual owners, but because it’s drained the bank accounts of so many men before them. Unless you own a yacht, it’s really difficult to begin to comprehend the actual costs of ownership.

Whenever I talk to owners or brokers the answer is usually similar when I ask why buy over charter. Simply put, it’s a matter of time. For the average billionaire time is more valuable than anything and for the limited period they have to use the yacht, they want to make sure there’s no surprises. For them this means not having to worry that the yacht isn’t as nice as the pictures, as is sometimes the case with chartering. It also means having a crew that knows you. Whenever I’ve spoken with captains they always stress that the crew is as important as the ship. A good crew is indispensable and will know what the owner wants before the owner has to ask for it.

The third reason yacht owners buy over charter is because they have control over the ship. It’s there’s. If they damage it, they don’t have to worry about someone suing them. They can take it out whenever they want, provided of course it’s not in the yard, and they can modify or renovate it any way and any time they please.

The final, and sometimes most important reason is the ownership factor. The prestige of owning a yacht. The average executive can take you golfing, but only a few can woo clients on board their private superyacht. It ends up helping them do business and provides them with a global office that can maneuver the seas as they please. There is no bigger ticket in the world, save maybe owning a private Airbus 380, but overall, the yachts are bigger, more luxurious and far more expensive.

In 2008 the industry came to a halt. Since then, the market has picked up significantly and began following the luxury housing market as it once used to. During the recession yacht sales didn’t stop because billionaires were hurting for money. In fact, the world’s wealth grew for the extremely rich, but what prompted them to stop buying was their shareholders. It became a business decision when their workers were being laid off and foreclosing on small homes. How do you justify buying a superyacht when most of the shareholders and public is hurting? You can’t.

For yacht brokers the recession was crippling, but now it’s back and actually taking them by storm. Not only has it stabilized but it’s increased in momentum for the first time in many years.

The annual Fort Lauderdale Boat Show and the many other yacht shows are some of the strongest indicators for brokers and investors in the market. Right now there are 81 superyachts ordered, with more than 290 superyachts sold this year so far.

Recommended Reading

Here are a few recommended books for your enjoyment with links where you can acquire them:

Outrageous Yachts A book by Jill Bobrow, the author takes us on a magical journey of the world’s most elite status symbol: the superyacht.

Super Yachts: Cruising with Power and Style By Sibylle Kramer, this coffee table style book takes us through sixty motor yachts, ranging from the semi-affordable mass production yachts to the one of a kind superyachts built for the mogul.

Grand Ambition: An Extraordinary Yacht, the People Who Built It, and the Millionaire Who Can’t Really Afford It Authored by G. Bruce Knect, this book charts the course of Doug Von Allmen, a self-made multi-millionaire who built the $40 million, 185 Lady Linda and how this extraordinary feat would change him back into an ordinary man.

Yacht Clubs of the World By Bruno Cianci, this lovely book is a lavish list of the most exclusive and prestigious yacht clubs around the world.

Superyacht Sales in 2014

SUPERYACHT SALES IN 2014     
NAMETYPELENGTHBUILDERASKING PRICEMONTH
Viking 82Motor24.99mViking4695000August
YasemiMotor25.50mPosillipo1900000August
Nuberu NauSail28.45mCNB1450000August
Yeratel GMotor39.62mWestport8900000August
NataliaMotor36.60mPalmer Johnson5400000August
ThaliaSail48.40mVitters6000000August
EstelMotor26.97mArno1300000August
Sunseeker 40mMotor40.05mSunseekerno priceAugust
MaticaMotor32.00mMoonenno priceAugust
Blue PapillonSail29.73mJongert3000000August
Fantasia NordMotor24.90mSunseeker1250000August
IllusionMotor88.80mPride Yachts99500000August
Midnight Sun IIMotor36.45mISA3400000August
PestiferMotor65.00mFeadship69750000August
TrilogyMotor31.39mBroward995000August
HopeMotor27.40mPalmer Johnson2450000August
KissMotor47.50mISA12900000August
ZiacanaiaMotor31.00mFerretti2390000August
Inclination 1Motor27.00mMaiora750000August
Cara MariaSail31.70mJongert3950000August
ChimeraSail31.21mAlloy4900000August
Columbus SportMotor40.00mPalumbo15500000August
Natalita IIIMotor30.50mAzimut1395000August
Orca ExplorerMotor24.33mHatteras3995000August
CharadeMotor48.88mFeadship13900000August
TribuMotor50.50mMondo Marine11900000August
SatuMotor27.50mYachting Developments9995000August
BojanglesMotor30.69mFalcon Yachts1490000August
JokerMotor34.10mArno2900000August
SveaMotor27.00mArno725000August
ZigzagSail27.71mNautor's Swan5250000August
DolceMotor27.90mAzimut1249000August
Breath of HorusSail32.50mJongert4450000July
Mary JeanMotor49.82mCampanella11900000July
Evil ZanaMotor39.90mSunseeker7950000July
OlahMotor47.50mISA11800000July
PrimadonnaMotor34.10mWestport6250000July
AuspiciousMotor50.80mMondo Marine18900000July
Sailbad the SinnerMotor25.60mNorthcoast1599000July
Alfa QuattroMotor24.72mSunseekerno priceJuly
NO.9Motor34.53mSunseeker£9,800,000July
BluffMotor28.00mSunseekerno priceJuly
Black DiamondMotor28.40mSunseeker£3,250,000July
Line DriveMotor34.10mWestport4500000July
D'NatalinMotor46.00mDelta Marine6600000July
Hakuna MatataMotor24.40mOvermarine850000July
PsyraxSail31.12mVan Dam Nordia2950000July
Crescent 144Motor43.90mCrescent14500000July
Pink ShrimpMotor32.00mJemison4250000July
MartletMotor25.10mSunseeker990000July
To LifeMotor24.30mLazzara2150000July
VespucciMotor30.50mCRN900000July
Alexander TwoMotor41.00mMondo Marine8800000July
PalomaMotor30.00mSunseeker3800000July
Mariellina Gio GioMotor43.00mArno4000000July
Elena BMotor26.60mCantieri di Pisa1800000July
St VitaminMotor37.40mAstondoa5000000July
MisunderstoodMotor40.00mOvermarine9200000July
ParadigmMotor35.05mBenetti5000000July
First EpisodeMotor25.00mPer Mare700000July
Capella CMotor59.00mScheepswerft Pot4990000July
BanyanMotor36.58mBenetti8950000July
Red SkyMotor28.10mGuy Couach880000July
SokarMotor63.70mCodecasa15900000July
JaanMotor25.00mFalcon Yachts385000July
IthakaSail26.70mJongert3950000July
Heritage IIIMotor38.00mBroward7595000July
AstrelleMotor26.00mBroward695000July
BorikenMotor24.83mWeaver Boats3995000July
Diablo BlancoMotor32.89mSunseeker4710475July
BeeghamMotor40.00mSunseekerno priceJuly
Golden EyeMotor34.10mWestport5900000June
AnnoulaMotor24.90mHatteras420000June
Lady ValMotor28.90mNorthcoast1800000June
DukeMotor24.30mCanados790000June
MaoMotor39.50mOvermarine9200000June
FortalezaMotor25.90mInace2750000June
PombooMotor25.60mMonte Fino2350000June
LarissaMotor38.63mSunseeker11950000June
EcstaseaMotor86.00mFeadshipno priceJune
Laura JMotor27.43mCustom1595000June
Johnson 105Motor32.00mJohnson Yachts6200000June
CynthiaMotor35.38mBurger9600000June
JubelMotor30.50mAstondoa1700000June
Dark KnightMotor26.43mSunseeker£3,495,000June
RasselasMotor62.00mFeadship57500000June
KampaiMotor27.90mOvermarine2500000June
VanquishMotor36.50mPalmer Johnson5850000June
Pacific 85Motor26.00mCammenga795000June
Triple AttractionMotor30.40mHatteras4195000June
InfinityMotor28.94mMoonen5250000June
AdventurerMotor28.70mBurger1280000June
MystiqueMotor50.29mOceanfast8900000June
OdysseyMotor41.10mFeadship14000000June
SeaflowerMotor40.00mFeadship16500000June
Horizon E88Motor27.24mHorizon6400000June
Horizon E88Motor27.24mHorizon6400000June
Horizon E88Motor27.24mHorizon6400000June
Horizon E88Motor27.24mHorizon6400000June
White GoldMotor25.10mSunseeker£950,000June
BunnyMotor31.00mSunseeker£1,795,000June
Noon TeaseMotor25.00mAlalunga500000June
Lady Diane IIMotor36.60mSovereign2750000June
FirouzehMotor37.00mISA5850000June
MatantharMotor30.00mHeesen2250000June
DomaniMotor44.20mBenetti13750000June
LiquidityMotor31.09mBroward595000June
Lady SheilaMotor44.00mBenetti15900000June
Star SapphireMotor35.60mBilgin3490000June
Northern SpiritSail37.00mPerini Navi4950000June
Pegasus VMotor79.00mRoyal Denship84900000June
Anastasea IIMotor35.90mOvermarine9900000June
Jurata StarMotor26.00mRiva2400000June
SouthMotor53.30mRossi Navi21900000June
DimmidisiMotor25.05mOvermarine800000June
Parsifal IVSail56.00mPerini Navi26500000June
RobustoMotor42.90mLloyds Ships5000000June
AmitieMotor30.78mHargrave5495000June
Tuscan SunMotor44.80mIzar19950000June
BusinessMotor24.99mViking4399000June
Hardworking 2Motor27.00mArno1200000May
AltairSail27.71mNautor's Swan5500000May
HeroMotor31.10mFalcon Yachts2850000May
Aslec 3Motor32.00mCastagnola1950000May
PalmyreSail24.75mHolland Jachtbouw1950000May
PhantomMotor28.00mSunseeker£3,850,000May
ObrigadoMotor29.87mMCP3250000May
Blue AngelMotor34.00mArno2750000May
Eleven ElevenMotor26.00mOcean Alexander3595000May
Mi SuenoMotor57.90mTrinity36950000May
Cyclos IIISail42.35mRoyal Huisman2750000May
Y IISail37.00mHolland Jachtbouw10500000May
Sea DwellerMotor45.72mHeesen9950000May
White CloudMotor67.30mFeadship10900000May
4HMotor38.50mSanlorenzo9950000May
ChampneysMotor24.97mSunseeker925000May
Carbon CopyMotor24.90mPacific Mariner2250000May
Monte CarloMotor40.23mAmels3950000May
MTGMotor27.40mPershing4995000May
SolarMotor26.00mArcadia Yachts2600000May
CrystalMotor33.80mDeep Sea Marine1495000May
William TaiSail40.67mRoyal Huisman8750000May
Horizon E88Motor27.24mHorizon6980000May
Hilarium IIMotor45.70mFeadship9650000May
AlcanaraSail29.10mSteve Ward5800000May
Bac O BoocMotor26.52mOceanfast1795000May
TranquilityMotor39.60mHatteras4390000May
SituationsMotor30.48mBroward1250000May
CamelotMotor37.50mRoyal Huisman695000May
QM of LondonMotor50.00mBenetti9950000May
Admiral 37Motor37.00mAdmiral Tecnomarno priceMay
MakiraMotor43.00mItalyachts9500000May
KahuMotor37.00mWhangerai2900000May
DeemaMotor28.60mCRN630000May
CoconutsMotor31.75mBenetti8000000May
NeroMotor90.10mCorsair39950000May
Play the GameMotor28.15mSunseekerno priceMay
MeanderMotor24.76mNorthern Marine3250000May
OhanaMotor46.90mAdmiral Marine10900000May
ImaginationMotor47.00mBenetti16500000May
NaraMotor60.55mFeadship9900000May
ParaffinMotor60.10mFeadship39750000May
Lady JanetMotor47.85mChristensen23900000May
WaterfordMotor33.52mHatteras2795000May
Ti Voglio Tanto BeneMotor41.46mISA6900000May
Wind Song VIMotor31.09mAstondoa2900000May
SarsenMotor69.00mn/a7000000May
AleksandarMotor26.48mSunseeker2850000May
My-ChelleMotor36.50mSovereign3495000May
Sea Jewel BravoMotor36.00mTrinity5500000May
Coup de FoudreMotor28.00mCouach Yachts690000April
LeaMotor48.50mAnastassiades440000April
InevitableMotor31.30mWestship4500000April
Elsa BMotor24.00mBurger995000April
Alea IIMotor27.50mCanados1490000April
C.2232Sail60.00mPerini Navino priceApril
KeewaydinSail33.53mPalmer Johnson2975000April
Hanseat IVSail24.60mAustral Yachts950000April
CartoucheMotor30.50mCouach Yachts1295000April
NgoniSail29.65mBaltic Yachts2800000April
MadcapMotor30.05mPalmer Johnson3500000April
EndeavourMotor25.60mPrincess1499000April
StellarMotor39.62mWestport12995000April
GritsMotor24.40mOffshore3850000April
Carpe DiemMotor35.05mCrescent3995000April
Deep BlueMotor35.96mBrooke Marine1450000April
Phaedra IMotor24.00mBenetti Sail Division1395000April
CherishMotor33.80mBroward1785000April
IssanaMotor55.50mFeadship28000000April
Equinox IIMotor24.30mCheoy Lee999000April
LimerickMotor25.30mBurger849000April
MadsummerMotor44.65mFeadship27500000April
AbbracciMotor34.70mBroward3250000April
CrescendoMotor24.38mOcean Alexander2495000April
Wishes GrantedMotor25.00mHorizon1750000April
GinervaMotor35.62mTecnomar3100000April
SerenityMotor35.35mLazzara7485000April
InevitableMotor49.80mFeadship16250000April
MarMotor49.90mOrtona Navi13500000April
BacarellaMotor60.00mTrinity32500000April
Why WorryMotor39.60mMaiora7500000April
Sea MysteryMotor28.15mSunseekerno priceApril
ExcellenceMotor45.70mRichmond18995000April
Big StarMotor50.00mMcMullen & Wing30000000April
Silver CMotor33.53mLazzara4995000April
WanderlustMotor36.00mDenison849000April
GitanaSail34.00mDerecktor4800000April
Sea Bee IMotor29.57mHargrave3199000April
MaretemMotor32.90mSunseeker3300000April
Ocean Alexander 90Motor27.40mOcean Alexanderno priceApril
Ocean Alexander 90Motor27.40mOcean Alexanderno priceApril
Ocean Alexander 90Motor27.40mOcean Alexanderno priceApril
White KnightMotor46.33mChediek3750000April
RamsesMotor43.20mFeadship4950000April
Aqua LibraMotor37.00mSunseeker11000000April
MediciMotor32.90mOvermarine1950000March
Sixty FiveMotor25.07mOvermarine1890000March
Carmen MarieMotor24.30mLazzara2775000March
Illusion IMotor46.05mBenetti22000000March
AlphaMotor45.42mNewcastle11000000March
DesireMotor27.00mFerretti3800000March
Lady VictoriaMotor27.60mSanlorenzo4200000March
CNGMotor25.00mSunseeker1300000March
ValquestSail40.00mBloemsma Van Breemen12950000March
Alye ParusaSail27.00mMAG300000March
H2omeMotor24.38mHatteras5950000March
HamiltonSail30.48mGreen Marine€120,00,000March
Lucy BelleMotor27.40mOcean Alexander5995000March
Sea VectorMotor24.38mLazzara1795000March
Sea CometSail30.00mNeta Marine890000March
BoundlessMotor29.87mInace7595000March
Endless SummerMotor38.70mLloyd's Ship3375000March
KrisujenMotor38.40mFeadship4500000March
CapriMotor45.00mAdmiral19500000March
MosafaMotor26.21mAzimut2100000March
Lazy ZMotor51.40mOceanco12900000March
Monarch IIMotor26.50mJohnson Yachts1300000March
SouvenirMotor27.40mQueenship1895000March
Xanadu RMotor26.20mHorizon2600000March
Blue MoonMotor24.30mHatteras2999000March
Song of the SeaSail34.14mNautor's Swan5995000March
In the MarketMotor25.00mViking4789000March
Top DogMotor29.50mHargrave3199000March
CanicaSail42.93mBaltic Yachts9950000March
Blue BelleMotor40.50mMondo Marine5700000March
SapphireMotor50.00mTrinity22880000March
Med SpiritSail27.46mBoat Speed650000March
AlumerciaMotor37.69mHeesen9995000March
Lady LuckMotor30.00mSanlorenzo2200000March
The RockMotor26.50mHershine649000March
ZakouskaMotor26.50mWarren Yachts2950000February
DeseoMotor34.00mSunseeker11995000February
SharqMotor49.90mOvermarine28000000February
JessicaMotor25.00mHorizon2250000February
SigrunMotor36.58mBroward4195000February
SatoriMotor49.80mHeesen27900000February
Golden SpurMotor28.00mParagon3195000February
Betty JaneMotor34.14mWestport5495000February
La SirenaMotor27.50mBroward495000February
Benetti VisionMotor45.00mBenettino priceFebruary
AmarellaMotor25.30mInace1600000February
Ineke IVMotor39.60mLloyd's Ship2200000February
Project AzuroMotor49.80mHeesenno priceFebruary
Shooting StarMotor38.00mDanish Yachts14500000February
IconMotor62.00mICON Yachts45000000February
PhoenixMotor39.60mDavie Shipbuilding2350000February
Feelin' FreeMotor34.14mWestport8990000February
Andrea VMotor25.00mHorizon2450000February
Thalyssa SMotor34.16mFerretti4200000February
Five Waves IIMotor26.80mAzimut1655000February
AbsolutelyMotor24.30mTrans World2349000February
Princess LilyMotor24.91mPrincess£3,600,000February
HaykenMotor44.00mHeesen Yachts20500000February
QuattroelleMotor88.00mLürssenno priceFebruary
BootleggerMotor24.00mSunseeker1300000February
UlyssesMotor59.70mTrinity Yachts36500000February
BopsMotor30.80mHargraveno priceJanuary
Sun Shine IMotor37.00mCouach Yachtsno priceJanuary
AminahMotor35.05mBenetti5900000January
Cloud 8Motor25.00mHorizon2150000January
Monokini 2Motor26.02mRiva2950000January
OnyxMotor38.50mSanlorenzo9900000January
Far NienteMotor35.36mHatteras3600000January
Ferretti Custom LineMotor30.40mFerretti8960000January
O'KhalilaMotor45.70mPalmer Johnson8500000January
Private LivesMotor36.58mRMK7950000January
O'PariMotor42.00mIntermarine2950000January
Grand CorotoMotor35.10mBenetti5800000January
Sunseeker 80Motor24.40mSunseeker£3,600,000January
Won Buy LandMotor30.40mBroward1995000January
Darwin classMotor29.00mCantiere delle Marche8200000January
No 9Motor28.14mSunseeker£4,250,000January
ContrarianMotor32.00mBroward1795000January
Ar-DeMotor30.40mBurger2395000January
AntineaMotor43.28mSterling5490000January

Conclusion

This begins our focus on superyachts. Stay tuned as we explore some of the biggest and most lavish yachts in the water today, as well as focus on stories of some of the more historic yachts and the men who sailed them.

Summary
Article Name
The Superyacht Guide
Description
Superyachts are some of the world's marvels, but they are also the world's greatest all-access pass for the rich and famous.
Author
1 reply
  1. Stephen Markham says:

    For nice colour brochures and pictures of Superyachts send for brochures from Yacht brokers Nigel Burgess Yachts and Edmisten Yachts.

Comments are closed.