This is another very interesting and informative article by Chris from Relevance telling us all about fractional yacht ownership.
I love to go to Monaco grand Prix and this year was not the exception. From one side of the sprawling roof terrace of the Fairmont Hotel Monte Carlo was the thundering GP, the view on the opposite side was debatably more impressive. Dozens upon dozens of yachts, super yachts and mega yachts dotted across the bay with tenders and helicopters tearing across the sea and skyline dropping off the privileged few to their prime seats for the race.
The yachting lifestyle has always been for the elite few. The cost of a yacht alone takes most people out of the market. Combine this with fuel, maintenance, mooring and on larger vessels crew costs and you have an annual overhead from the thousands running into millions.
In recent years a new business model has entered the yachting arena which has opened the door to new owners and injected a much needed revenue stream into the industry during this tricky period in the economy.