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Old 30-09-2020, 05:32   #1
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Superyacht Boom

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
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Old 30-09-2020, 09:38   #2
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Re: Superyacht Boom

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.



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Old 30-09-2020, 10:41   #3
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Re: Superyacht Boom

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.
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Old 30-09-2020, 11:11   #4
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Re: Superyacht Boom

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.
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