“Superyacht Sales Jumped 77% Last Year as Inventories Shrank”
February 1, 2022
“Superyacht sales climbed to record levels last year, sapping supply and boosting prices to heights unlikely to soften despite the tumultuous start to 2022 in financial markets. A total of 887 superyachts were sold in 2021, a 77% jump from a year earlier and more than double the number in 2019, according to a report from maritime data firm VesselsValue…
Supply-chain disruptions and worker shortages have exacerbated the situation. Shipyards are stretched to the limits and construction of new vessels is taking longer. The flip side, for existing owners at least, is higher values. Superyachts aren’t typically considered investments. Depreciation is steep and annual operating costs are high, roughly 10% of the boat’s value. But the tight market meant that values jumped anywhere from 5% to 8% in 2021 alone…”
https://www.bloombergquint.com/business/superyacht-sales-jumped-77-last-year-as-inventories-shrank