Superyacht Sales Soaring for the 0.1% While Inflation Ravages the Other 99.9%
Americans are driving up demand and more than making up for the absence of Russians, who’ve all but disappeared from the market.
The 31st edition of the Monaco Yacht Show.
Photographer: Valery Hache/AFP/Getty Images
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The Russian billionaires may be gone, and efforts to tame runaway inflation may be raising fears of a global recession, but you wouldn’t know it from the booming superyacht industry.
The Monaco Yacht Show that ended last weekend had a near-record 117 boats on display, with this year’s crop sporting names like “Shabby,” “Miss Candy” and “110’ Dolcevita.” The show seemed a world away from the war in Ukraine and the energy crisis crippling Europe.