The uber-wealthy don’t buy superyachts to make money on what Seal describes as a “depreciating asset” but rather as a way to feel satisfied about their success. Most superyacht owners will go on to own multiple boats in their lifetime.
Seal says the fuel crisis does not appear to have affected superyacht owners yet.
“I had a meeting just this morning in Italy with a yacht captain of a 50-metre vessel that will be delivered in the coming weeks, and he was telling me that as of today, it will cost 200,000 euro [$400,780] to fill the tank.”
Nor has the current cost-of-living crisis dented sales at the top end. Seal says global sales of superyachts in March reached €817 million ($1.640m), compared with €586m ($1.175m) in March last year.
“So right now, things are very, very strong. Yacht builders are taking orders, yacht brokers are selling yachts,” Seal said.
“The larger builders, your Lürssen, your Feadship, Amels, are very, very prosperous right now with a lot of people buying those really large yachts.”
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