Super-rich buying ever larger yachts

FINANCIAL TIMES: ….Superyachts.com, the luxury yachting web portal, says 11 new vessels, some the size of cruise liners, will join its annual top 100 ranking by length this year, compared with nine new entries last year…..

“There’s a lot of people out there who are not high-visibility and don’t want to be,” says Barry Gilmour, executive chairman of Royale Oceanic, which supervises construction and management for yacht owners.

“But once you’ve got a few country houses and executive jets, you want to go for privacy and luxury. If you’ve got billions, you’re still only here [on this earth] once. What are you going to spend it on?” … (more)

EDITOR: How upset yacht owners must feel when an even larger yacht docks next to them!

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