Skip to content
Subscriber Only
Wealth

World's Super Rich Drive 77% Surge in Superyacht Sales Last Year

  • Rising wealth and Covid social distancing helped fuel boom
  • ‘There simply aren’t enough yachts available,’ observer says
Steven Spielberg sold his superyacht, the Seven Seas, in November for an undisclosed price and has a new one on order.
Steven Spielberg sold his superyacht, the Seven Seas, in November for an undisclosed price and has a new one on order.Photographer: Jenni Konrad/Creative Commons

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.