Sales at the Monaco Yacht Show show no indication of being affected by global turmoil [In the News]

This article was featured on vigourtimes.com in July 2023 and was written by Mike Schacter.

Monaco Yacht Show: A Haven of Glamour Despite Turbulent Times

In a world plagued by turmoil and uncertainty, the Monaco Yacht Show has remained a luxurious oasis of opulence. Against the backdrop of global conflict and economic challenges, the show continues to attract the elite of the yachting world. This year, approximately $3.8 billion worth of superyachts gathered in the azure waters of the tiny European principality for the 31st annual event.

According to Johan Pizzardini, head of communications and media for the Monaco Yacht Show, all the boats made a magnificent appearance at the event, with 118 superyachts stealing the show in Port Hercule. The event is a mecca for superyacht enthusiasts, drawing an estimated 30,000 visitors every year.

Interestingly, amidst the geopolitical uncertainties, the superyacht market remains resilient and continues to thrive. The pandemic influenced a change in the attitudes of potential buyers, inspiring them to seize the moment and indulge in a life of luxury on the high seas. This trend led to a surge in first-time yacht buyers opting for larger vessels rather than starting small.

Bob Denison, president and founder of Denison Yachting, noted that people began purchasing 60-meter yachts out of the blue, defying the usual timeline of gradually working their way up from smaller boats. The pandemic acted as a catalyst for these impulsive purchases, as individuals sought to enjoy life amid the uncertainty.

Despite the pressures imposed by geopolitical events, the demand for superyachts remains strong. Arthur Brouwer, CEO of Dutch shipyard Heesen, explained that order books are full across the board, thanks to the post-Covid push. In fact, the 2022 Global Order Book published by Boat International revealed a 24% increase in the number of superyachts under construction or on order compared to the previous year.

As the 2022 Monaco Yacht Show wraps up, it’s time to admire some of the most lavish superyachts showcased at the event. The German-built AHPO stole the spotlight as the largest superyacht ever exhibited at the show, with a length of 115 meters and five luxurious cabins. Dutch shipyard Heesen’s Lusine impressed with its sleek exterior and exquisite interior designed by Sinot Yacht Architecture and Design.

Perini Navi’s Blush, a 45-meter sailboat, showcased its striking red exterior and sporty lines. Italian shipbuilder CRN’s Rio, a 62-meter superyacht, captivated visitors with its vibrant and whimsical interior. The impressive foredeck swimming pool of Italian yacht builder Tankoa’s Kinda also turned heads.

Finally, Admiral’s Giraud, with its magnificent sand-colored exterior, demonstrated the exceptional craftsmanship of Italian shipyard Admiral. Each of these superyachts exuded elegance, luxury, and unparalleled beauty.

Despite the world’s trials and tribulations, the Monaco Yacht Show continues to serve as a beacon of glamour and indulgence. With its resolute spirit and vibrant showcase of superyachts, the show offers a glimpse into the extraordinary world of the global elite.