Superyacht Boom

[GordMay]

Demand has been steadily growing over the years, with the global fleet jumping from 3,906 crafts in 2009 to 5,646 in 2019, according to the Superyacht Group.
Meanwhile the Covid-19 pandemic has brought about a spike in purchases, with superyacht marketing company Northrop & Johnson seeing sales for July 2020 reaching double that of the previous year.
As a result, the market is projected to reach a value of $10.2 billion by 2025 as more and more yachts measuring longer than 24 meters are ordered.

“Boat and Yacht Purchases Rise During Covid-19" ➥ https://www.barrons.com/articles/boa...19-01596887879

“Superyacht market to reach $10.2 billion by 2025"
➥ https://superyachtinvestor.com/news/...n-by-2025-123/

10 of the most exciting stupid & ugly superyacht concepts
➥ https://www.msn.com/en-ca/news/us/10...WOU?li=AAggFp4

[barnakiel]

Doh.


The shark gets sharker and the fish stay fish (at best).


And so contrary to the popular gloom, we are actually going thru another booming market.



b.

[Woodland Hills]

There is a difference between Wall Street and Main Street. Wall Street (our financial overlords) is doing great with a booming stock market, tax cuts and corporate bailouts. Main Street (us) is hurting badly with a crashing economy, record high unemployment and little to no assistance or even unemployment insurance.

One group is buying superyachts, the other is getting evicted and having their car repossessed.

[hpeer]

I dont know how to explain this. Previously I have heard rhe super rich say they buy Doomsteads (e.g.islands) Because they are a cheap (For them) insurance policy. Perhaps its the same here. We t maybe not. Surely not my League.