How much does a superyacht cost?
Owning a superyacht is not for everyone. In order to acquire one of these little jewels, you have to spend tens, even hundreds of millions of dollars. 10% of the purchase price of the boat is paid immediately. The balance is given upon delivery of the boat and the official papers.
For a 100-meter-long yacht with a maximum speed of 25 knots and a crew of 50, the average cost is $275 million.
In 2013, 355 superyachts were sold for a total price of $3.4 billion. The most expensive boat cost $101 million.
In addition to the initial outlay, annual maintenance costs are in the seven-figure range.
- Annual operating costs: 10% of the initial value
- Fuel consumption (for a 71 m yacht): 500 L of diesel fuel
- VAT : 15 to 25% of the value of the vessel
For an average yacht of 45 meters in length, the cost of maintenance can vary between $2.5 million and $4 million per year.
What are the annual maintenance costs?
- Fuel: $400,000
- Docking fees: $350,000
- Insurance: $240,000
- Maintenance and repair: $1 million
- Crew salaries: $1.4 million
Who are the superyacht owners?
Superyachts are purchased by UHNWIs (Ultra High Net Worth Individuals). A UHNWI is a person with a net worth of more than $30 million, although some experts estimate this amount to be more like $50 million. This global population is estimated at 200,000 people.
Many superyacht owners keep their vessels for a maximum of 3 years before selling them. Generally, the vessel was launched less than 5 years ago and has a fuel consumption of less than 3000 miles.
What is the nationality of the superyacht owners?
Out of 125 owners identified, 14% are American. Following closely behind are Russians. The strongest growth in sales is in Asia with where 11% delivered in 2014 versus 3% in 2011.
