Tough times in the luxury super yacht business?

CalebD · #1 (**permalink**) 01-22-2011

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

The perils of the super rich.

sailingdog · #2 (**permalink**) 01-22-2011

So sad...

Allanbc · #3 (**permalink**) 01-22-2011

Bargains are out there!

RocketScience · #4 (**permalink**) 01-22-2011

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.

BarryL · #5 (**permalink**) 01-22-2011

who cares?

Bene505 · #6 (**permalink**) 01-22-2011

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

CalebD · #7 (**permalink**) 01-22-2011

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.

sailingdog · #8 (**permalink**) 01-22-2011

Quote:

Originally Posted by Bene505

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.

Minnewaska · #9 (**permalink**) 01-23-2011

Quote:

Originally Posted by BarryL

who cares?

All the licensed Captains, chefs, shipwrights, cleaning staff,etc that work for the rich and are now out of work care.

JonEisberg · #10 (**permalink**) 01-23-2011

Quote:

Originally Posted by Minnewaska

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"...