Joining the Gucci-loafer set for a glimpse of superyacht life in Monaco

30 September 2023 - By William Booth, The Washington Post

Sanctions imposed on Russian oligarchs don’t seem to have hurt the big-flashy-boat industry

The Monaco Yacht Show offers a glimpse into the world of superyachts, where extravagance knows no bounds. These colossal pleasure craft, including mega yachts exceeding 100 meters in length, boast lavish amenities like multiple helipads and submersibles. Despite global economic challenges, the superyacht industry remains resilient, with new orders quickly replacing any cancelled due to sanctions. 

The show draws curious onlookers and potential buyers to explore these floating palaces, complete with opulent features like bourbon bars, lap pools, and private submarines. The market is evolving with younger, wealthier buyers seeking ever-larger vessels. However, sustainability remains a challenge, as even the most luxurious yachts contribute to pollution.

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