Report Reveals Superyacht Sales Up By 40%
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Providing access to sequestered islands and premier destinations in unparalleled style, it would appear that despite relative financial instability, the sale of luxury motor yachts and sailing yachts shows no signs of flagging.
Whilst classic cars increased by 17% and watches a mere 5%, the annual wealth report compiled by London-based property agent Knight Frank showed that superyacht sales were up by 40% over the last year.
Such encouraging statistics have been linked with the growing interest in more remote vacation destinations such as Antarctica as well as the increasing popularity of event charters- indeed the report also revealed that elite travellers attending the Art Basel fair in Miami was up by 28%.
With destinations such as South East Asia (Thailand in particular) investing considerable sums in the yachting industry over the last few years, we could well see this figure rise even further.
Indeed, with the superyacht industry still very much on the cutting-edge of design, and with ultra-modern concepts like the superyacht MOONSTONE making headlines, there’s nothing to suggest that sales will suffer in the foreseeable future.
Ultimately, what the report would appear to suggest is the championing of experiences over products - no other item on the luxury market allows buyers to enjoy such unique opportunities.
With this in mind, we can well expect to see the charter market enjoy a similar amount of success as wealth move towards exploring the world in a truly unparalleled fashion.
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