Wealth Blog | Size matters at Monaco yacht show

You only have to take stroll around the Aberdeen Marina Club moorings to see that the trend for ever-larger gin palaces continues.  With the cost of fuel to take a gas-guzzling Sunseekr on a weekend jaunt from Aberdeen to Lei Yi Mun and back Hk$22,000 to $25,000, depending on the model, you really do need to have money to burn.

The trend was much in evidence at the Monaco Yacht Show last week. The premier event of its kind saw a record six megayachts, with an average length of 80.11 metres (263 feet). These floating whoppers are double the size of the average 45-metre long superyacht. “Yachts are certainly increasing in length,” Ellie Brade, editor of Superyacht Intelligence at the Superyacht Group of publications, told AFP.

To date, the agency reported, there have been 88 yachts of 80 metres and over delivered worldwide, with19 currently under build, and according to Brade, the trend is set to continue. The problem for Hong Kong’s superyacht owning tycoons remains mooring space. These are difficult beasts to park and tying up in Macau just isn’t the same. 

World’s Biggest Yacht