Sales have shot up over the last few months as the super-rich go all out to escape the chaos and uncertainty brought about by the coronavirus. But as one expert says: “A yacht is a very inefficient way to have fun.”
When the Covid-19 pandemic hit, many people were forced to make big decisions when it came to their upcoming travel plans.
Sales have shot up over the last few months as the super rich go all out to escape the chaos and uncertainty brought about by coronavirus.Amazon founder Jeff Bezos's vesselBut if you're lucky enough to be in the very small percentage of people who can actually afford to purchase one of these magnificent vessels, be prepared to dig even deeper.
So where is all the money going? Well, there are obvious costs to consider such as fuel, dockage, boat insurance and maintenance., estimates that the cost of insuring a 50-meter yacht is around €60,000 , while fuel costs could run up to €232,000 for the year depending on how far you travel. The fuel bill for a large yacht traveling from the Caribbean to France might be around $70,000, says Connor.
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