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Yachting Monthly

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How to buy a boat: your guide to buying a yacht

• Duncan Kent
• October 17, 2023

Buying a yacht, especially your first, can be a daunting experience. Duncan Kent offers expert guidance on how to get it right

The process of buying a sailing yacht can sometimes be long-winded and stressful, especially if it’s your first time considering boat ownership. To avoid it being too daunting the first step is to think the whole thing through very carefully and then make a proper plan.

First and foremost, decide what type of sailing you will actually do, as it will be an important indicator as to what size and type of boat you should aim to buy. If you’re still learning to sail then it’s advisable not to buy too big a boat as the bigger it is the more problems and costs you will acquire. It’s often better to buy a used boat that you can practise in and make mistakes on, as accidents can be expensive in a bigger, more valuable boat.

What type of boat?

A trailer-sailer will save on marina fees and can be big enough for cruising. Photo: Graham Snook

Trailer-sailers

Key factors to look for in a trailer-sailer are size, weight and ease of rigging, launch and retrieval. Trailer-sailer masts are usually designed to be raised manually using an A-frame and tackle, and in many cases these will be provided with the boat. Being launched from a trailer means that it will most likely have a retractable keel and rudder, as well as a removable outboard motor.

Although it is possible to trail a small bilge-keeled boat, they are almost impossible to launch and recover without a crane, given the depth of water required for them to float on and off. If you’re planning on sailing with the family, bear in mind a retractable keel, whether it lifts or swings up, will nearly always impinge on the cabin in some way.

Above 750kg/16ft LOA you will need a larger (possibly four-wheel) trailer, with a more powerful towing vehicle and a few extra crew to help you rig and launch. In return, though, you’ll have a boat that you can live aboard in reasonable comfort for long weekends, or even the occasional week-long sailing trip.

Ideally, a cruising trailer-sailer would be no more than 24ft long and 1,500kg dry weight all up. If you’re going to be coastal cruising over long distances, however, you’ll probably prefer something bigger like a ‘trailer-able’ boat. These can be craned onto a larger, double-axled trailer and taken home or stored somewhere inland for the winter, saving marina berth costs or boatyard storage rates.

Not only does this make good economic sense, but it could also enable you to tow her to a new cruising destination each season. Probably the largest boat you could self-trail would be around 28ft, depending on its weight, beam and size of the towing vehicle.

Inshore sailing makes sense in a capable, affordable yacht like the Westerly Centaur. Photo: David Harding

Inshore/Coastal cruisers

Calling a yacht an inshore or coastal cruiser can be somewhat misleading, but since the EU introduced the RCD ‘Category’ system, the designations seem to have stuck. To my mind, any yacht that is seaworthy, properly maintained and has a skilled crew, is very likely to be capable of being sailed pretty much anywhere. A larger yacht may be more comfortable at sea and able to take on more crew and provisions, but a seaworthy boat should be just what it says.

If you plan to simply potter along within sight of land, stopping overnight in a sheltered anchorage or in a marina berth, then it obviously isn’t vital to have a boat that can withstand a storm at sea. You will rarely, if ever, experience storm conditions when you’re never more than a few miles from a safe refuge. That said, some still prefer an ocean-going yacht for coastal cruising ‘just in case’, and there’s nothing wrong with that, provided you can afford the extra maintenance and running costs.

Some experienced sailors swear by lightweight, high-performance yachts for coastal and offshore sailing. There’s a certain logic to this in that a quick boat stands more chance of reaching shelter before the worst of a challenging weather system hits.

My ideal coastal cruising yacht, however, is a compromise between a boat that’s reasonably fast and fun to sail, and one that can withstand the occasional Force 8 and 3m-high waves without frightening or risking the safety of my crew or family.

An Arcona 345 is a highly capable offshore yacht, but probably isn’t large enough be a true ‘bluewater’ yacht. Photo: Richard Langdon

Offshore/Ocean yachts

A true offshore/ocean-rated yacht will be strong, seaworthy and safe but, equally, it should exhibit a sea-kindly, predictable and well-balanced motion at sea, such that the crew remain able to sail, cook, eat and sleep regardless of stormy sea conditions.

What makes a yacht sea-kindly? First and foremost is its motion through, or over the waves. Many modern, lightweight yachts with flat, shallow underwater sections tend to slam into oncoming waves rather than slice through them. This not only jars the crew’s nerves and hurls everything out of the lockers below, but it also puts increased strain on the entire yacht as each thud shakes the hull and rig relentlessly on a long windward passage. Slamming doesn’t just test the integrity of the yacht to its limits, it drags the crew’s morale down and prevents them sleeping, cooking, eating or relaxing while off watch.

As with most aspects of sailing, there are many different schools of thought with offshore yacht design, but it is generally accepted that ocean-crossing yachts should be of a higher displacement than coastal cruisers and that they should have a deeper, vee-shaped forefoot to enable the hull to slice through oncoming waves.

A so-called bluewater cruiser is simply an offshore/ocean cruising yacht that has provision for living on board for extended periods of time under a wide variety of different circumstances. Usually, they will be better equipped with items like watermakers, generators, freezers, solar panels and sat-comms, but the style and design of the yacht itself will mostly be identical to an offshore/ocean-class yacht.

Stowage is an overlooked but vital consideration when assessing a cruising yacht. Photo: Graham Snook

What to consider

Accommodation.

Does the boat you’re looking at suit the style of sailing you plan to do? If you’re only going to day sail along the coast then don’t worry about sea berths, for instance, although it’s useful to have at least one long, straight berth you can fix a lee cloth to in case someone becomes ill. Big, central double berths are great at anchor, but of little use under sail.

Separate cabins are crucial if you have kids on board, so as not to keep them awake in the evening when the adults are still up. Private heads are important too, particularly if you are planning to have friends on board regularly.

Stowage is also a vital consideration for cruising that new buyers often overlook. It’s really annoying to have to remove half the contents of a vast stowage bin to reach a single item at the bottom – so look out for easily accessible lockers, especially near the galley.

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It’s important when family sailing to have the mainsail control lines led back near the helm, so the boat can be safely sailed singlehanded if necessary. Try sitting by the helm and operating a headsail sheet winch. Is the mainsheet nearby so you can dump the main in a gust? Is the mainsheet track positioned where young fingers can easily get trapped? Are there plenty of harness attachments? Is there stowage for larger items like dinghies?

Rig and sails

Unless you’re planning on racing, look for a sail plan that’s easily handled. Nowadays most cruisers choose sloop rigs with in-mast furling mainsails; in fact they can often be standard. You will lose a little performance, though, so if speed and pointing ability are vital then opt for a fully battened mainsail with single-line reefing. Virtually all new cruising yachts these days will come with a furling genoa.

Will a wheel or tiller suit you best? And is the mainsheet within reach? Photo: David Harding / SailingScenes.com

Wheel or tiller? Most older boats under 32ft have tillers, whereas most new boats over 26ft offer wheel steering. If you like to ‘feel’ the boat more then go for a tiller. If a wheel seems more natural then go for it but expect to lose a little of the feedback a tiller offers.

You can put a cat on a beach for a barbecue or to inspect and give the hulls a scrub. Photo: Yachting Monthly

Monohull or multihull?

Most new boat buyers start by looking at monohulls, with few giving multihulls a second thought. However, it’s worth stepping on board a few catamarans or trimarans before dismissing them. Better still, give them a try. You might find the level sailing, greater deck space and higher speeds worth the drawbacks of having a larger boat to park and reduced load-carrying capacity.

Cruising cats have increased in popularity hugely in recent years due to the extra space they offer. They also draw very little, so you can get right in close to the shore or creep up shallow creeks where fin keeled monohulls dare not venture. They take the ground easily too, so you can actually park up on a beach.

Shopping for a new boat is all part of the fun but beware of hidden costs. Photo: Messe Düsseldorf / ctillmann

New or used?

It’s great to own a brand-new yacht but there are many good reasons for choosing a cared-for used boat. Most will have had any initial faults rectified and are likely to come with all the necessary cruising kit. The downside is not knowing how well she’s been maintained. Depending on age, essentials such as the rig and engine could require expensive replacement.

Privately owned boats under five years old tend to be well shaken down, but not worn to the point of imminent repair. Older boats might well have gone through the first wear/replacement stage and have new sails, rigging and engine.

Most equipment, especially engines, lasts longer if the boat is used regularly. The exception is with charter boats, where everything will be well worn.

A charter yacht will endure ten times the wear and tear of a private one, despite being regularly maintained. Never buy an ex-charter yacht without getting a thorough, detailed survey.

Buying a yacht new

Before buying a new boat bear in mind you’ll need considerable additional kit that’s not included. Don’t get carried away with the options list while forgetting equipment essentials. A good guide is to allow a further 15-20% of the list price to fully equip her for cruising.

It’s also worth noting that the price displayed at a boat show may exclude delivery and commissioning, which can add another chunk to the bottom line.

When you find a boat that ticks all your boxes, go somewhere quiet and add up the real cost including any ‘essential’ options. If there’s anything left in your budget, tick off any ‘luxury’ items you’d like in order of preference, until the pot is empty. You might prefer to opt for a slightly smaller boat but equip it to a higher standard.

A word of warning: if you buy the biggest boat you can afford with the intention of adding goodies later, it will almost always cost considerably more than having them fitted at the factory or during commissioning.

No matter how much you like a boat, always engage a professional marine surveyor. Photo: Graham Snook

Buying a yacht used

Never make an offer on a boat before seeing it. Even if you’re not an expert it’s worth looking for obvious things before engaging a surveyor. Check for hull cracking, gelcoat blisters, evidence of collisions, squashy decks, dodgy wiring, damaged sails, water in the bilges, seized pumps and so on. If the boat is untidy and uncared for it’s likely to have been neglected in its previous life.

Get an idea of the value of that type of boat in basic form by checking prices of similar craft online. If they range from £20-£35,000, for example, start with the lower figure and add on the value of any extra equipment. For instance, if she has new sails, raise the base ‘value’ by £2,000. For a new engine, add £3,000, and so on. When you reach a figure you think is about right, offer the vendor 20% less and see what happens.

Always make your offer subject to survey, then if problems are discovered you can reduce your offer by the cost of any remedial work required. Once a deal is agreed, if she’s out of the water, retain 10% until she is launched and the powertrain is tested.

How well will the boat reverse and manoeuvre in tight marina spaces?

The test sail

I would never buy any boat without first taking it for a test sail unless it’s dirt cheap. Some sellers won’t want the hassle, but if she’s had a good survey and you’re really keen the owner should realise this and go along with it. If ashore, the launch/retrieval costs will be yours, as will the surveyor’s bill. If you agree to purchase immediately after the test sail you might not need to crane her back out again.

If buying new the broker should have a demonstrator in the water for you to sail. It might not be equipped to your specification, but it’ll be the same model.

If you’re new to sailing, take an experienced friend or surveyor along if possible. Take your family or your partner along too, to get their opinions.

From the moment you step on board keep your senses alert. How easy is it to get on board from the pontoon? How much does the boat tip over with your weight on the sidedeck? How easy is it to walk around the decks without tripping?

Take a camera and notebook and jot down anything you’re not sure about so you can double-check it later.

Checking the engine

The first thing to test is the engine. If it’s a used boat then pull the dipstick before starting it to check the colour of the oil – any whiteness could be water and is a sign of a problem. Make sure the preheat works and that it starts easily. Marine diesels often smoke a bit at first but should clear once the engine has warmed up. Check the exhaust to ensure it’s emitting a steady stream of water.

Try some simple manoeuvres ahead and astern to get the feel of how she handles under power. Some will have noticeable prop wash, especially those with a fixed-blade propeller, but you can often use this to your advantage once you know how strong and in which direction it acts.

Once on the move go up through the revs just to check there are no flat spots and that she revs to the correct level. Few skippers ever use full revs but it’s a good indicator that all’s well with the engine, transmission and prop. Return to cruising revs and go below to hear how much noise is evident, especially in the aft cabin.

Check the condition of the sails closely, especially along the seams

Inspecting the rig

Ask the owner to show you where all the sail controls are, don’t just let them sail you around. Helping to hoist sail will show how easy or difficult it is and make handling or gear problems obvious. If it’s hard to hoist a halyard, ask why. The solution might be simple (often a lack of maintenance in a used boat), but it need not be insurmountable.

Check the headsail furler if it has one, by unfurling and refurling it. If it’s stiff to furl, check the swivels for wear. It could simply be poor maintenance, or it might be something more serious like halyard wrap or failed bearings.

Once the sails are hoisted give them a good inspection, particularly along the seams and around the clew, tack and reefing cringles (metal grommets for control lines).

Laminate sails, such as these FibrePath Enduro sails from Ullman, utilise the boat’s pointing ability and rig controls. Photo: Richard Langdon

Once you’re sailing, ask to take the helm or have your experienced mate take over. You’re looking to see how well balanced she is (assuming the sails are trimmed correctly), and how reactive the steering is.

Ideally, the helm ‘feel’ should be light but positive. It should feel like you’re just there to change direction if needed, not to keep permanent pressure on to hold her on course.

If the steering is noticeably heavy, you have too much sail up or they’re not trimmed correctly, but it’s worth asking the owner or the rep about it.

All points of sail

Put in a few tacks to see how quickly she comes around and how well the deck gear functions. Try her on every point of sail – close-hauled, reaching and running, to see what she’s capable of and if she has any particular foibles.

Depending on the sea conditions, see how she handles with a bit too much sail up and if possible how she copes in strong gusts. Then find out how easy it is to put a reef in.

Check the navigation instruments are all functioning as they should and, if it’s a particularly complicated system, ask the owner or the rep to go through all the nav instruments with you. Finally, hand the controls over to someone else and go below to see what it’s like under sail. Take note of steps, grab handles or bars and fiddles, and then simulate going to the loo, preparing a meal, lying in a berth or plotting a fix at the chart table.

For ocean sailing a yacht with a longer keel is best for comfort in heavy seas

Buying a long keel yacht

The extra drag created by their large wetted area makes them relatively slow compared to more modern designs, but they provide a comfortable ride in heavy seas, with the fullness of the keel limiting leeway and helping to keep the boat on a straight course downwind with little or no adjustment to the helm. Popular for ocean cruising but poor at manoeuvring under power in tight marinas.

A fin keel should make a boat faster and more agile

Buying a fin keel yacht

Cutting away the forefoot of a long keel reduces the hull’s resistance to tacking and manoeuvring, while also lessening hydrodynamic drag and thereby increasing speed. Many have ballast bulbs at the bottom to lower the yacht’s centre of gravity (CoG). The resulting short, deep keel makes a boat much more agile.

An obvious advantage of a twin keel is its ability to take the ground

Buying a twin keel yacht

Also called bilge keels they provide low draught for shallow water cruising and allow a yacht to take the ground upright without supporting legs. One drawback is increased leeway when sailing hard on the wind, due to the reduced wetted surface, and a propensity to heel more readily, due to the higher CoG. Often kept on drying moorings which can put the keel/hull joint under repeated pressure, so check for GRP cracks.

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After hundreds of years of combined experience in designing, building and cruising yachts on the open ocean, Fleming Yachts are bringing to you what will be the ultimate of cruising yachts. A brand new design from the keel up. The Fleming 85.

Our Mission

To design and build literally the finest possible ocean going pilothouse motor yacht, in every respect. With true ocean crossing range the Fleming 85 will take you anywhere you want to be in the world, in total comfort, grace and peace of mind.

Standard Specifications

85' 2' (25.9 m)

72' 3' (22 m)

20' 6' (6.3 m)

5' 5' (1.7 m)

20' (6.1 m)

Displacement Light:

146,280 lbs (66,350 kg)

Displacement Full:

183,050 lbs (83,030 kg)

3,170 US gal (11,999 l)

500 US gal (1,892 l)

View Full Specs

Fleming 85 brochure

Fleming 85 Specifications

Overview Continued...

Design and Engineering

From the renowned naval architects of Norman R Wright and Sons the hull is designed to be the most efficient and most beautiful semi-displacement hull on the water. 

Building on their experience we have made extensive use of Computational Fluid Dynamics CFD software to fine tune the hull design to ensure it is absolutely the most efficient it can be and have the best possible behavioural characteristics in all sea states.

Composite engineers have designed the optimum strength/weight ratio of the structure, so we retain the traditional robust construction you would expect from Fleming – but it is achieved with less weight and is all verified by DNV.

The hull design and engineering will result in the best fuel economy and range of any semi displacement boat in the world. 

The absolute highest specification of equipment available - as standard – installed the Fleming way, with redundancy and access for maintenance in mind.

Two versions

Open air – for those who prefer the wind in their hair, the traditional style Fleming open flybridge.

Enclosed – The pilothouse is moved to the upper deck where it is fully enclosed and still fully outfitted like a Fleming pilothouse should be. Down below more space is opened up for flexible dining and entertaining.

Style 

Exterior - The lines and the look are unmistakably classic Fleming. Furthermore the exterior details have been refined and simplified to create a cleaner look with flush and hidden hardware throughout.

Interior – Various options from traditional to contemporary, but always elegant, warm, comfortable and practical. Double glazing as standard throughout keeps you warm in winter and cool in summer.

Deck Spaces

Foredeck – Hydraulic and electric Maxwell windlasses, Ultra anchors and s/s chain. Huge storage lockers for all shapes and sizes of gear. Fold away seating alcove.

Flybridge deck – Everything you need for cruising, entertaining and relaxing as well as space for a 17 foot tender that can be launched on either port or stbd sides via the 2000lb crane.

Aft deck – Raised and sheltered seating and dining for 10 with amenities you need and sheltered gul-wing door access to engine room and crew’s quarters below.

Cockpit – Easy access, ample storage for all the dive gear and fishing equipment you may need. Warping winches to help take the load off

Swim platform – expansive enough for all uses and hydraulic lowering option makes it easy for additional tender or PWC storage and launching. 

Easy boarding – Multiple side boarding gates make accessibility from fixed or floating docks easy and safe for all.

Interior Layout options

Accommodation A - 3 cabin layout

Accommodation B - 4 cabin layout

Crews quarters A – Twin cabins and crew galley

Crews quarters B – Single cabin and crew galley

Specifications

• LOA: 85' 2" (25.98 m)
• Beam Max: 21' 2" (6.48 m) 
• Draft: 5' 5" (1.69 m)   
• W/L to top of mast: 26' 6" (8.10 m) 
• Displacement min: 146,280 lbs (66,350 kg)   
• Displacement max: 183,050 lbs (83,030 kg)  
• Main Engines: Twin MAN V12-1550 HP @ 2,300 RPM
• Transmissions: Twin Disc MGX 6599A with Quickshift 
• Engine Controls: Twin Disc EC600 with EJS and EPS 
• Driveline: Aqua Drive CV60 & HDL 780HT 
• Generators: Two Onan eQD 29 Kw 240v 60Hz (27Kw 230v 50Hz)
• Stabilizers: Humphree 16 sq. ft (1.5 sq. m) fins zero-speed, 24 vdc
• Interceptors: Humphree (Active Ride Control System) 
• Bow Thruster: Twin Disc BP600 82HP Hydraulic 
• Stern Thruster: Twin Disc BP400 47HP Hydraulic 
• Fuel: 3,170 US gals (12,000 l) 
• Water: 500 US gals (1,900 l) 
• Black Water Tank: 224 US gals (850 l) in single FRP tank
• Grey Water Tank: 224 US gals (850 l) in single FRP tank

Yacht Selection: How To Choose The Right Ocean-Going Yacht

Selecting the right ocean-going yacht is a journey filled with excitement and significant decisions. Whether you dream of leisurely family cruises or ambitious long-distance voyages, the choice of yacht will significantly impact your experience at sea. This comprehensive guide aims to navigate you through the myriad of factors involved in choosing the perfect yacht for ocean adventures. From understanding your unique yachting needs to delving into the technicalities of yacht performance and safety, we cover all the essential aspects to help you make an informed decision.

Determining the Primary Use of the Yacht

When considering a yacht for family cruises, comfort and safety are paramount. You might look for a yacht with ample living space, stability in various sea conditions, and user-friendly navigation systems. On the other hand, if your goal is long-distance voyaging, you’ll prioritize aspects like fuel efficiency, robust build, and advanced navigation equipment. The best ocean crossing trawler for extended voyages should be equipped to handle diverse weather conditions and provide reliable performance over vast distances.

If hosting social events is a key aspect of your yachting experience, consider yachts designed with spacious entertainment areas, both indoors and on deck. Features like large dining areas, sun decks, and sophisticated sound systems can enhance the ambiance of your gatherings. The layout should allow for easy movement of guests while offering the necessary amenities to cater to their comfort and entertainment. The intended use greatly impacts the size and style of the yacht. A yacht for intimate family outings may not need the extensive space required for hosting large parties. Similarly, the style of the yacht, whether sleek and modern or classic and elegant, should reflect your tastes and the atmosphere you wish to create onboard.

Many yacht manufacturers offer customization options, allowing you to tailor the yacht to your specific needs. This could range from custom cabin layouts to display entertainment systems. When exploring the best ocean-going trawlers, inquire about the extent to which you can customize the vessel to ensure it perfectly aligns with your envisioned use.

Assessing Size and Layout

Yacht size categories range from compact models ideal for shorter trips to larger vessels designed for extended ocean voyages. Smaller yachts are typically easier to maneuver and require fewer crew members, making them suitable for family outings or small groups. Larger yachts, such as the best ocean-going trawlers, offer more space and amenities, ideal for long-distance cruising and accommodating more guests. It's important to assess the trade-offs between size, cost, and intended use to find the right balance.

When examining yacht layouts, consider the number and arrangement of cabins. For family use, ample sleeping quarters and private spaces are essential. Storage is another key consideration, especially for long voyages. Efficient storage solutions ensure that all necessary supplies, from food to safety equipment, can be accommodated without cluttering living spaces. The design of entertainment and living areas significantly impacts the onboard experience. A well-designed yacht should have a comfortable and inviting salon, dining areas, and outdoor spaces for relaxation and socializing. The layout should facilitate smooth flow between these areas, enhancing the overall ambiance and functionality of the yacht.

Balancing comfort with functionality is crucial. A yacht that excels in luxurious amenities but falls short in practical aspects like maneuverability or fuel efficiency may not serve your needs effectively. Similarly, a highly functional yacht lacking in comfort might diminish the enjoyment of your voyages. Carefully assess how different layouts and sizes align with both comfort and practical requirements for a well-rounded yachting experience.

Technical Aspects: Performance and Safety

Selecting the right yacht for ocean voyaging demands careful consideration of various technical aspects that directly impact performance and safety. Below are key technical aspects to consider:

• Engine Performance : Evaluating horsepower, reliability, and maintenance needs.
• Fuel Efficiency : Assessing fuel consumption rates and cruising range.
• Navigational Aids : Integrating GPS, radar, and sonar for accurate navigation.
• Safety Equipment : Ensuring the availability of life rafts, fire suppression systems, and emergency communication devices.
• Hull Design : Analyzing the design for stability in rough waters.
• Seaworthiness : Checking the yacht’s ability to handle different sea conditions.
• Electronic Systems : Understanding the sophistication and user-friendliness of onboard electronic systems.
• Emergency Protocols : Reviewing safety procedures and equipment for emergencies.
• Weather Forecasting Capabilities : Incorporating technology for advanced weather prediction and route planning.
• Build Quality : Investigating the construction quality and materials for durability and longevity.

Overall, the fusion of these technical elements in a well-designed yacht results in a vessel that is not just a means of transportation but a reliable companion in the vastness of the ocean.

Construction Material and Design

The selection of construction material and design in yacht building is a complex process that directly influences the vessel's longevity, performance, and aesthetic appeal. In the realm of ocean going trawler yachts, these decisions become even more critical due to the demanding nature of open-sea conditions. Below are key factors in construction and design:

• Material Choices : Evaluating fiberglass, aluminum, and steel for construction.
• Weight and Strength Balance : Achieving the right mix for optimal performance.
• Maintenance Needs : Understanding long-term care requirements for different materials.
• Aesthetic Considerations : Balancing visual appeal with functional design.
• Environmental Impact : Considering eco-friendly materials and design practices.

The ultimate goal is to create a yacht that not only looks visually stunning but also excels in performance, safety, and comfort, ensuring a seamless and enjoyable experience for those aboard.

Budget Considerations

When considering the purchase of an ocean-going trawler, the initial cost is a crucial factor. This price is influenced by various elements such as the yacht's size, brand, age, and customization level. Newer or larger yachts typically come with a higher price tag but offer the latest in design and technology. It's essential to align your budget with your needs and desires for the yacht, ensuring that you're investing in a vessel that meets your expectations without overspending.

After purchasing your yacht, ongoing maintenance and operational expenses are a significant part of the financial equation. These costs can include regular servicing, repairs, docking fees, and insurance. For the best ocean trawlers, high-quality maintenance is key to ensuring longevity and performance. Additionally, operational costs such as fuel, crew salaries, and supplies must be factored in. An effective budget plan should account for these recurring expenses to maintain your yacht in top condition.

Managing a yacht involves not just maintenance, but also handling crew expenses if you have a staff on board. For larger ocean going trawler yachts, a crew is often necessary for navigation, maintenance, and guest services. Salaries, training, uniforms, and crew welfare are part of the operational budget. These costs can vary significantly depending on the size of the crew and the level of expertise required. Prospective yacht owners should consider these aspects when estimating the total cost of ownership.

Finding a balance between budget and quality is vital in the yacht selection process. While it's tempting to cut costs, especially with options like pre-owned yachts, it's important not to compromise on quality and safety. Best trawlers for ocean crossing are those that strike a balance between affordability and excellence. Investing in a well-built, reliable yacht can save money in the long run by reducing the need for frequent repairs and ensuring a safer, more enjoyable experience at sea.

Seeking Professional Help in Yacht Selection

Navigating the complex world of yacht purchasing can be daunting, especially for first-time buyers. This is where yacht brokers and consultants come into play. These professionals offer invaluable expertise in matching your requirements with the perfect yacht. They understand the nuances of various models, including the best ocean crossing trawler options available in the market. Brokers also have access to a wider range of yachts, including those that may not be publicly listed for sale, thus providing you with more choices than you might find on your own.

Utilizing the insights of yacht experts can lead to more informed decisions. These professionals can provide detailed information about the pros and cons of different yachts, including aspects like performance, maintenance costs, and suitability for specific sea conditions. They handle the complexities of contract negotiations, legal requirements, and paperwork, which can be particularly challenging for those new to the yacht-buying process. Their assistance in navigating these steps can be invaluable, allowing you to focus on the excitement of acquiring your new ocean going trawler yacht rather than the stress of the transaction process.

Choosing the right yacht is more than just a purchase; it's a journey that shapes your future seafaring experiences. Whether you're eyeing the best ocean crossing trawler or a luxurious yacht for social gatherings, the selection process should be thorough and enjoyable. Embrace each step, from exploring different yachts to consulting with experts. Remember, the perfect yacht is out there, one that aligns with your lifestyle meets your needs, and offers countless adventures on the high seas. With careful consideration and expert guidance, you're well on your way to making an informed and satisfying decision in your yacht selection journey.

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We’re passionate about yachting and helping our clients by offering a full service and unrivalled support from start to finish – our commitment is defined as ‘One Company, One Complete Service’ with listings for a large selection of yacht brands such as Azimut, Benetti, Sunseeker and Princess Yachts, as well as departments dedicated to yacht charter, yacht management, yacht crew placement and crew training, to ensure we can cater for all of your yachting requirements.

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

What is a Yacht Club? Benefits & Features Explained

Buying a yacht : the frequently asked questions, you might also like.

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

What are the Fastest Cruising Catamaran on the Market?

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Built for Adventure: Everything You Need to Know About Today’s Explorer Yachts

What is an expedition or explorer yacht .

Most yachts are designed to cruise inland and coastal waterways but in reality, very few are built to voyage the world’s oceans. It is only these bluewater vessels, known as explorer or expedition yachts, that can take you on adventures to the most remote, spectacular, and pristine corners of the globe.

A few decades back, these long-range motoryachts were called “ trawlers ” after the commercial fishing trawlers they often resembled, topped by enclosed pilothouses that frequently featured reverse-slanted, “ North Sea ” windshields. But over the years, the trawler yacht category became crowded with “wannabe” boats that only looked like their rugged offshore counterparts. In reality, many of them were unable to venture very far from the coast.

Enter the true explorer yacht – a vessel that is purpose-built to be seaworthy and self-sufficient enough to serve as a luxury platform for oceangoing expeditions that are virtually without limits.

“ The whole idea of an expedition yacht is how the owner intends to use his or her boat. We are working on the first Cheoy Lee 107 Explorer project now. It’s a boat capable of going practically anywhere in the world ,” said Jon Overing of Overing Yacht Design , the naval architect who collaborated with Cheoy Lee Yachts on its new Explorer Series .

“ The whole idea of an expedition yacht is how the owner intends to use his or her boat. We are working on the first Cheoy Lee 107 Explorer project now. It’s a boat capable of going practically anywhere in the world ”

What gives an expedition yacht “go-anywhere” capability?

It’s not just one single aspect of the vessel’s design, construction, or outfitting. With the world’s best explorer yachts, it’s the entire package.

“ I think any viable explorer yacht has be based on a full-displacement hull. That type of hull makes a better sea boat than a semi-displacement or planing hull … Full displacement hulls also inherently have more volume, and you need more volume to fit the mission profile for an expedition yacht. ”

Rugged and reliable:

What to look for in explorer yacht design and construction, full-displacement hull.

Sufficient speed

Historically, full-displacement vessels tended to be slow through the water, making up in seaworthiness what they lacked in speed. “ The image in everyone’s mind was a 10-knot boat, but it doesn’t have to be that way ,” Overing said. Today’s full-displacement hull designs, notably our fast-displacement hullform that Overing has developed for the Cheoy Lee Explorer Series .  Overing’s fast-displacement hull combines superior seakeeping, optimum range and efficiency at 9 to 10 knots with the capability of running over 14 knots if needed to avoid a storm or make up time in a tight itinerary. With a speed/length ratio of 1.6 – 1.7, the Overing fast-displacement hulls are capable of well exceeding theoretical hull speed allowing higher speeds if the owner chooses the higher horsepower options.

Bulbous bow

Seaworthiness

Practical profile.

Take the Cheoy Lee Explorer Series , for example. These multi-deck yachts sport graceful superstructures that are skillfully wrought in aluminum by Cheoy Lee Shipyard artisans . They feature spacious on-deck gathering areas, including flybridge, bridge and lower aft deck lounges, designed for sunbathing, dining and entertaining. They even boast aft beach clubs that are ideal for launching myriad watersports adventures.

“The exterior styling of an explorer yacht doesn’t have to look like a tugboat. It can be modern, classic, traditional – however you want,”

At the same time, however, expedition yacht design should address the long, rough passages the yacht will frequently face. Typically, these yachts have high bulwarks, full pilothouses and Portuguese bridges designed to protect the yacht from seas breaking on deck. The new Cheoy Lee Explorer 132 , which features an aft-pilothouse design is an excellent example of form following function while still displaying an eye-catching profile.

High-tech construction.

Classification.

“ It’s another system of checks and balances you are bringing into the project. I view it as an insurance policy for the owner ,” Overing said, adding, “ If you are building a good boat to begin with, there’s not a lot of cost difference in building it to class. ” Cheoy Lee Explorer Yachts are available built to Lloyd’s ✠ 100A1 SSC Yacht Mono G6 classification.

Fuel tankage.

Commercial-grade equipment.

Maximized storage..

Well-laid-out crew areas.

Bespoke owner/guest accommodations.

Satellite communications.

Tenders & toys., have it your way:, building a new explorer yacht.

There are pre-owned expedition yachts on the market today that come in all makes, models, sizes, vintages, and levels of bluewater capability. An owner who elects to purchase a brokerage boat is best advised to develop a mission profile for his or her desired vessel in advance and then choose the boat that ticks off the most boxes on that list. How far do you want to go? How many guests do you want to bring with you? It’s important to determine all your desires and needs before you start shopping for a yacht.

“ It’s always a compromise with a pre-owned explorer yacht. It’s someone else’s design for another owner ,” said Panu Virtanen, vice president – sales, Cheoy Lee Shipyard North America. He added, “ Who built it and how was it built? Does it have maintenance issues? It’s important to find out. ”

Use a surveyor with a proven track record to determine whether there are any hidden problems with the pre-owned yacht. And if you decide to go ahead with the purchase, many brokers recommend keeping a budget in reserve to refit the vessel. You may need to update the electronics and stabilizers, and you probably will want to change at least some of the furnishings and the soft goods. The yacht also may need its classification certificate renewed. “ That can be an expensive process ,” Virtanen cautioned.

Building a new explorer yacht with a reputable shipyard, on the other hand, will ensure you get the vessel that fulfills your individual dreams for global exploration. “ You can get exactly what you want ,” he said.

The shipyard can help you to put together a team dedicated to designing the best expedition boat for your mission profile, including members of the shipyard’s management, design and engineering teams, the yacht’s naval architect and interior designer, along with your captain, yacht broker, and yacht management company, if you so desire. This “ dream team ” will be dedicated to creating an explorer yacht that is unique to you.

“There is no ‘perfect boat’, but when you build one, you can come extremely close to getting the explorer yacht that is perfect for you”

Do you want a main-deck master suite with panoramic views so you can see spectacular scenery you when you wake up each morning? Do you want to be able to cook breakfast for your family yourself in an eat-in galley on a sunny Sunday morning? Would you like to be able to soak in a Jacuzzi on the flybridge, watch a film on the foredeck, or fish from the aft deck? Or do you fancy a beach club where you can lounge virtually at eye level with the sea, hop onto a Jet Ski whenever the mood strikes you, and enjoy a cocktail while your yacht’s underwater lights attract an “ aquarium ” full of exotic fish? “ There is no ‘perfect boat ’, but when you build one, you can come extremely close to getting the explorer yacht that is perfect for you ,” Virtanen said.

Who builds the best explorer yachts?

If you plan to build a new explorer yacht, it’s important to consider working with a shipyard that has a commercial shipbuilding pedigree in addition to a proven reputation for launching high-quality luxury yachts. Longevity, integrity, and family are key factors behind a successful shipyard. Few shipyards around the globe can boast more than 150 years of experience under continuous operation by the same family, like Cheoy Lee.

“ Cheoy Lee Shipyard has 150 years of experience in building commercial vessels that operate 24/7 in demanding conditions. That is the philosophy of the commercial side of the company, and it carries over to all the explorer yachts that we build as well. ”

It’s also important to research other expedition yachts the shipyard has launched in the past. Have they won awards and voyaged 200,000 nautical miles through most of the world’s oceans in a decade, like the 146’7” Cheoy Lee expedition yacht Dorothea III ?

“If you plan to voyage far, you need to be able to rely on your yacht in any conditions anywhere in the world. That experience is what you look for in a shipyard when you are building a true expedition yacht.”

“ Cheoy Lee Shipyard has 150 years of experience in building commercial vessels that operate 24/7 in demanding conditions. That is the philosophy of the commercial side of the company, and it carries over to all the explorer yachts that we build as well ,” Virtanen said. “ If you plan to voyage far, you need to be able to rely on your yacht in any conditions anywhere in the world. That experience is what you look for in a shipyard when you are building a true expedition yacht .”

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Pod of killer whales attacks and sinks 50-foot yacht in Strait of Gibraltar

The Strait of Gibraltar connects the Atlantic Ocean to the Mediterranean Sea.

A pod of killer whales attacked and sunk a yacht in the Strait of Gibraltar, between Spain and Morocco, officials confirmed to ABC News.

Two people were on board the vessel when the incident occurred Sunday at 9 a.m. local time, according to Spain's maritime authority.

The nearly 50-foot yacht, named The Alboran Cognac, was 15 miles from Cabo Espartel in Morocco when an unknown number of orcas began ramming it.

MORE: Killer whales learn 'coordinated' attacks on sailboats, some observers say

The couple alerted Spanish authorities and a rescue team arrived to extricate them from the vessel an hour after the attack, though officials were unable to salvage the sinking boat.

There have been approximately 700 orca attacks since 2020, according to GT Orca Atlantica, a conservation group, and officials believe there are more than 37 orcas in the Strait of Gibraltar.

The Strait of Gibraltar connects the Atlantic Ocean to the Mediterranean Sea, separating Europe from Africa.

"During the summer and autumn of 2020, interaction events began to occur between several specimens of this species and vessels, mainly sailboats, both in the Strait of Gibraltar and in the waters of the Galician coast," according to Spanish government officials. "These interactions have ranged from persistent approaches to ships, to ramming the hull and rudder, causing various types of damage, which continue today."

It's unclear why orcas attack boats, though experts hypothesize the marine mammals could be targeting vessels for sport or they feel threatened.

According to a study in Biological Conservation , a peer-reviewed journal, "sophisticated learning abilities" have been found to exist in orcas.

In June 2023, racing yachts in the Strait of Gibraltar had a close encounter with a pod of orcas, race officials said at the time.

Crew members aboard a rival pair of 65-foot yachts were on the final leg of The Ocean Race, a global sailing competition, when they reported being intercepted by killer whales as their boats approached the Strait of Gibraltar.

No fatalities were reported in the incident, according to officials.

Related Topics

Boats still aren't safe from orcas as the Mediterranean yachting season kicks off and killer whales sink another yacht

• Killer whales took down another yacht on Monday as the Mediterranean yachting season begins.
• It's the latest incident of orcas clashing with boats, which has been on the rise in recent years.
• Marine biologists say the orcas are likely playing and may be learning the behavior from each other.

The Mediterranean yachting season has kicked off for the summer — and it didn't take long for another yacht to fall victim to a killer whale encounter .

A group of orcas sank a 50-foot sailing yacht in Moroccan waters on Sunday in the latest of several similar incidents involving the highly social species that have occurred over the past four years.

An unknown number of orcas were involved in the incident, which took place in the Strait of Gibraltar, Spain's maritime rescue service said Monday, according to Reuters .

Related stories

The incident is the most recent in a spate of bizarre orca encounters with boats that have been on the rise in recent years, primarily in Mediterranean waters south of Spain, where many yachts cruise during the summer months.

Two passengers were on board the Alboran Cognac around 9 a.m. local time on Sunday when they felt sudden hits to the hull and rudder, Reuters reported, citing the maritime service. Water soon started to pour into the yacht.

A nearby oil tanker came to the people's rescue, saving them from the waterlogged ship and delivering them to land.

But the yacht wasn't as lucky. The Alboran Cognac stayed adrift for a time until it ultimately sank.

Since 2020, hundreds of similar encounters between boats and orcas have been documented off the southern coasts of Spain and Portugal, often near the Strait of Gibraltar. And it's not just yachts. The orcas have also rammed into sailboats, and some mariners have even created heavy-metal playlists in hopes of deterring the killer whales — though experts say it'll do little to help .

Researchers say the clashes typically follow a similar pattern, with a killer whale repeatedly ramming into the rudder of a ship, often until it breaks and the boat is stranded. Most of the time, the ships are able to escape with minimal damage, but several boats have sunk .

While the so-called orca "attacks" may appear violent, marine biologists have said it's unlikely the encounters are actually malicious. Several experts told Business Insider last year that the orcas are probably just playing .

Andrew Trites, director of the Marine Mammal Research Unit at the University of British Columbia in Canada, said ramming into the boats may simply be a "playful activity that's gotten way out of hand."

Researchers have also said the killer whales may be learning the behavior from each other through simple imitation.

Watch: Billionaire's $20 million plan to send orca home after 50 years in captivity

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The global megarich are paying up to $2 million a week for superyacht rentals but smaller boat charters are down

Sales of luxury yachts may be down but the world’s megarich have found another, more instantaneous way to get their high seas kicks — chartering a swanky boat instead.

Total chartered days for yachts longer than 50 meters has increased since 2020, according to  IYC , a global firm specializing in the sale and charters of luxury yachts. Vessels between 60 to 70 meters posted the most growth last year, at 10%, whereas shorter yachts aren’t nearly as popular as before.

IYC Chief Executive Officer  Raphael Sauleau  said he’s seeing more customers willing to pay a higher premium for the ultimate ocean experience. Clients are willing to pay more for a so-called advanced provisioning allowance, which covers on-board expenses like food and service, of up to 40% compared to the standard 30% of the total charter fee, he said.

New customers are coming to yachting “with an appetite for larger yachts,” Sauleau said. Compared with smaller vessels, these floating villas come with more privacy, better facilities and a larger crew. A bigger range of large models that’s become available over the past three years has also contributed to higher bookings, he added.

Fraser Yachts , a major international broker, is experiencing a similar phenomenon, receiving 7% more charter bookings for yachts over 60 meters in 2023 versus prior years. Across yachts of all sizes however, the number of charter days reported last year was 19% down on 2021.

It’s a quirk that would seem to chime with the trend of super luxury brands defying a broader luxury slowdown. Hermes International SCA, for example, saw Chinese buyers  snap up its products . Hermes typically caters to the most affluent customers, making it more resilient in a challenging luxury goods market.

At the same time, sales of floating palaces are waning, the Superyacht Times said in a  report  in March. Sales of superyachts, generally defined as boats longer than 30 meters, contracted 20% in 2023 from 2022 and are well down on 2021, when many rich people splurged on boats to travel in a safe and exclusive way.

Stacy Fischer-Rosenthal , the president of luxury travel and lifestyle consultancy Fischer Travel Enterprises, said she’s expecting to help clients charter at least 10 yachts this year. Most of the interest is around megayachts — or yachts above 60 meters — and prices range from about $700,000 to $2 million a week, she said.

Wealthy people may be shying away from outright purchases due to geopolitical worries and global conflicts.

Fear of more widespread fighting in the Middle East and Russian’s war in Ukraine “seem to make some buyers nervous, particularly those in the market for very large new builds,” the Superyacht Times said.

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The city made him hide his boat — so he had it painted on his fence

“I’ll do what they want, but I’m not going to do it their way.”

When the city of Seaside, Calif., ordered resident Etienne Constable to build a fence to cover the boat parked in his driveway, he complied. But the puckish way he did it — hiring his artist neighbor to paint a realistic mural of the same exact boat on his fence — has brought him viral attention.

“We kind of hit the sweet spot between following the rules and making an elegant statement to the contrary,” says Constable.

Constable, who works in business development, has lived in the same house in Seaside for 29 years. For most of that time, his boat trailer — often with a boat attached — has sat in his driveway without issue. But in July 2023, he received a letter from the city, asserting that the municipal code requires that boats and trailers be “screened on the side and front by a six-foot-high fence,” and threatening him with a citation and a $100 fine if he failed to comply. (The Washington Post has reviewed the letter.)

To Constable, the letter came out of nowhere. The ordinance itself is not new. He hadn’t heard any complaints from neighbors, and he’s kept the boat, which he named Might as Well and uses to fish “as often as I can,” for four years in his driveway.

“I thought, ‘This is ridiculous,’ and my first reaction was to leave a nasty, nasty message at the city hall,” he says. “And then I thought, well, I might as well build a screen … I’ll do what they want, but I’m not going to do it their way.”

So he started brainstorming. That’s when he had a chat with his neighbor, Hanif Panni, a muralist and graphic artist, about potentially painting the fence to look exactly like the space it was built to cover up. The two batted ideas back and forth over the fence that separated their yards. “We wanted to make an illusion,” says Panni.

Panni, whose artist name is Hanif Wondir , was in. He had other projects on his docket, and wasn’t able to start painting the boat on the fence until early May. It took four days to complete. As he worked, people driving or walking by would stop to comment on the optical illusion, and a few neighbors told him that they, too, had received letters about the ordinance, says Panni.

The actual fence cost a few hundred bucks, per Constable, who did the labor himself. He paid Panni for painting the mural, too.

With Constable’s permission, Panni shared the finished work on social media. It quickly went viral.

“The more people see something, the more opinions there are about it … and it’s just so fun to see those branches stemming off of something that I created,” says Panni. “ … One of the reasons why I do public art, and art in general, is to inspire those conversations.”

The mural ultimately led to an approving phone call to Constable from Nick Borges, Seaside’s acting city manager, on Friday evening. Borges first saw the images of the painted fence when a friend sent them to him — neither of them knew the photos were taken in Seaside. “I thought, ‘wow, that’s pretty creative.’ I laughed at it, and then I started getting calls from local media,” says Borges.

After years of complaints that the city was too lax about code enforcement, Borges says Seaside hired someone to enforce its codes, hence the letters sent to residents. Constable’s case was closed out in November, when the fence (at that point, without the mural) was spotted, says Borges.

“We’re not taking any action,” he says. “The only action I’m going to take is a high five, and that’s it.”

This story has been updated with comment from Seaside’s acting city manager Nick Borges.

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