Tough times in the luxury super yacht business? - SailNet Community
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post #1 of 14 Old 01-22-2011 Thread Starter
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Tough times in the luxury super yacht business?

http://www.nytimes.com/2011/01/22/bu...html?src=busln

The perils of the super rich.

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post #2 of 14 Old 01-22-2011
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So sad...

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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
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post #3 of 14 Old 01-22-2011
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Bargains are out there!

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post #4 of 14 Old 01-22-2011
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Perils of the not so super rich, either...

Job goes away, house goes away, the boat is sure to follow. Every tenth boat in our marina is up for sale, I've never seen it this bad.

Seattle is currently hosting the West coast's largest boat show (so they say). I can't imagined too many deals being struck there.

Rob
Wauquiez Pretorien 35
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post #5 of 14 Old 01-22-2011
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who cares?

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post #6 of 14 Old 01-22-2011
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Maybe we should all go in together and buy a megayacht. I'm in for $1,000 and will take July 4th between 3:00 PM and 3:12 PM. Will leave it clean and tidy for the new guy. Reminds me of zipcars.

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post #7 of 14 Old 01-22-2011 Thread Starter
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Brad,
If we combine my $200 with your $1000 we can stay out till 3:15PM. Just enough time to chug one more expensive beer.
$200,000 for a one week charter?
Meh.

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post #8 of 14 Old 01-22-2011
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Quote:
Originally Posted by Bene505 View Post
Maybe we should all go in together and buy a megayacht. I'm in for $1,000 and will take July 4th between 3:00 PM and 3:12 PM. Will leave it clean and tidy for the new guy. Reminds me of zipcars.

Regards,
Brad
Except a zipcar doesn't require you to take a mortgage out to pay for it.

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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
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—Cpt. Mal Reynolds, Serenity (edited)

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post #9 of 14 Old 01-23-2011
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Quote:
Originally Posted by BarryL View Post
who cares?
All the licensed Captains, chefs, shipwrights, cleaning staff,etc that work for the rich and are now out of work care.
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post #10 of 14 Old 01-23-2011
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Quote:
Originally Posted by Minnewaska View Post
All the licensed Captains, chefs, shipwrights, cleaning staff,etc that work for the rich and are now out of work care.
Yup, for an economy as dependent on "Trickle Down" as ours, that effect works in both good times, and bad...

After all, that's the rationale for extending tax cuts to this crowd, right? (grin)

Tough times in the boating business, for sure... Looks like Valiant Yachts is the latest one to bite the dust, very sad...

They should have adapted Beneteau's "Dock n' Go" joystick system, perhaps? (grin)

The scale of some of these modern megayachts, you really have to see to appreciate... Paul Allen's 414' OCTOPUS (he also owns the 303' TATOOSH, and the 198' MEDUSE) was in Lauderdale last year for the Super Bowl, that's a 60' sportfish snuggled up against her "swim platform"...

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