Yacht prices: How much does a luxury boat cost?
When thinking about owning a yacht, it’s essential to be aware of the various costs associated with this investment. Indeed, the price of a yacht is not just the initial purchase price, but also includes other costs such as maintenance, fuel and crew. In this article, we’ll explore the main costs involved in acquiring and owning a luxury yacht.
Yacht price tag, how much for a dream boat?
Every year, the famous Monaco Yacht Show brings together dozens of luxury boats, majestic yachts ranging from 25 to 90 meters in length. So, what are these little floating jewels valued at, you ask? Well, ATI Yachts has some answers to help you understand the price of a yacht.
Purchase costs and other expenses
It’s important to consider that the cost of a yacht is not limited to the initial purchase price. In fact, this investment entails many additional expenses related to its use and maintenance. Of course, these costs will vary from boat to boat, depending on equipment, size and performance.
The sacrosanct superyacht
Superyachts, those floating palaces, are owned by a lucky few. These exceptional ships stand out for their incomparable strength, advanced technology and luxury facilities. While everyone knows that such a boat costs a small fortune, few people know exactly where this exorbitant price comes from.
The purchase price of a 100-meter superyacht is around 240 million euros. Depending on the country, VAT can account for up to a quarter of the total value of the boat. In addition to these up-front costs, there are a number of recurring costs that should not be overlooked when calculating the total cost.
Fuel-hungry
A yacht’s diesel consumption is one of its biggest expenses. However, there are significant differences between yachts in terms of fuel consumption, which depend greatly on their engine, weight and equipment, thus impacting on their cost. Just to give you an idea, a 70-meter-long yacht consumes around 500 liters per hour. So, for a boat like this, expect an annual fuel budget approaching 350,000 euros.
Maintenance, a necessity
To ensure optimum performance, marine titans require periodic care. The larger and more complex the boat, the higher the maintenance costs. For example, a 50-meter yacht costs around half a million dollars to maintain.
Crew: a major cost
The crew also represents a large part of the cost of a yacht. Indeed, qualified personnel are essential to ensure the optimal operation of a yacht. Crew salaries depend mainly on their size. Smaller boats need only a few sailors, while superyachts can carry more than 50 people. Of all crew members, the captain’s salary represents the highest cost – around 60,000 euros a year for small vessels, a sum that can double or even triple for the largest yachts.
A brief overview of the superyacht’s equipment
A superyacht is a very luxurious yacht, distinguished by its size and top-of-the-range equipment. Take L’Eclipse, one of the world’s longest yachts, which cost Russian owner Roman Abramovitch almost a billion euros.
This superyacht, for good reason, boasts two swimming pools, a nightclub, a cinema, a private garden, a treatment institute with Jacuzzis, hammam and saunas, two helicopter helipads, and even a harbor capable of accommodating speedboats and a submarine!
How much to buy a yacht?
Superyachts are a luxurious category of boats offering power, cutting-edge technology and top-of-the-range equipment. These veritable floating palaces are accessible to a privileged few, and their prices can reach dizzying heights. For example, it is estimated that the Eclipse yacht, one of the longest in the world, cost its Russian owner Roman Abramovich almost a billion euros.
Depending on the country, VAT can represent up to 1/4 of the boat price. To give you an idea, a yacht measuring around 70 meters consumes approximately 500 liters of fuel per hour.
Most yacht owners sell their boats within three years of purchase. These boats can then be bought back second-hand, or put back into service for charter. For example, a fifty-meter luxury superyacht can be chartered for up to 200,000 euros a week.
Wise price for a small yacht
If you’d like to join the ranks of happy yacht owners, look no further than the second-hand market. Occasionally, interesting opportunities can be found for less than €250,000. In the same market, yachts of around 25 m are more likely to fetch between €500,000 and €1,500,000, depending on the vessel’s age and equipment.
Yacht charter prices
If you prefer to charter, a 50-meter luxury superyacht costs around 200,000 euros per week.
Finally, wholesale yacht prices
Operating costs account for a significant proportion of the price of a yacht. Generally speaking, the larger the yacht, the more expensive it is. Here’s a simplistic rule of thumb for estimating the cost of a yacht: the operating cost is around 10% of the purchase price. So, for a new yacht costing €5 million, we can estimate annual expenditure at €500,000.
Simplified cost estimate for a yacht
To make it easier to estimate the costs of owning a yacht, we can use a rule of thumb: running costs correspond to around 10% of the initial purchase price. So if you buy a new yacht for €5 million, you can estimate that your annual expenditure will be around €500,000.
The dream of owning a yacht needs to be considered in all its financial aspects, including purchase price, maintenance costs and crew costs. Superyachts are particularly expensive, but there are also more affordable options on the second-hand and charter markets. Before embarking on this luxurious investment, it’s important to evaluate all these costs carefully, so that you can enjoy your precious boat to the full.
