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How the top 1/100th of 1 percent lives.......
One of the most prestigious yacht brokers in the world has opened a
branch in Seattle.The office is operated by a gentleman who worked the last several years
as the hired captain for, shall we say, "a highly successful Pacific NW
business personality". Nigel Burgess maintains offices in New York, London, Monaco, Miami,
Moscow, Athens, Palma, and now...Seattle. I have been looking through their listing catalog. The smallest boat
they currently represent is 112 feet, and the largest seems to be 308.
Nothing is priced under several million dollars, with pricing in the
$10-30 million range fairly common. What seems expensive to me, however, are the charter listings. There
are some "knock your eyeballs out" mega-yachts for charter available
all over the world, just waiting for a guy and 40 of his closest
friends to take off and enjoy, for rates of anywhere from about
$100,000 a week to as much as $700,000 a week. Of course, at that sort
of rates these are fully staffed. :-) |
chuckgould.chu...
Feb 1
2006
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| Jim, can I have your autgraph? |
Bryan
Feb 2
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| Greg Norman sold his boat to Wayne Hizinga (sp?). And Tiger Woods is/was suing Christensen. |
capt.bill11
Feb 2
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| Tiger Woods -
http://www.powerandmotoryacht.com/megayachts/1104christensen155/ Greg Norman - http://www.ssqq.com/archive/vinlin24.htm More power to them. |
Feb 1
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| Didn't Tiger Woods sue the shipyard, or Power and Motoryacht, or a
combination thereof for releasing this information? I vaguely remember
some dust up......but maybe that was one of his "other" yachts. :-) The owners of these vessels really work at concealing their identities. It's no fun to be swinging at anchor and have a non-stop parade of
dinghy's coming by with complete strangers calling you by your first
name and asking for autographs. (Happens to me all the time, of course,
cough, cough, cough, cough, ahem......) |
chuckgould.chu...
Feb 1
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| With fully loaded operating costs upward of $5000/hour, you would
probably charge that much also. The corporations that own these
things can afford cost accountants who can figure it all to the penny.
Even if daily staffing runs higher than $1,000/day, I'd bet that is
not the most expensive item. Usually amortization/opportunity cost is
#1 followed somewhere by fuel, maintenance, staffing, etc., not
necessarily in that order. From a tax standpoint, it makes a lot of sense for a corporation to
own the boat, and the owners and everyone else charter when they want
to actually use it. The deductions and write offs are a lot cleaner
that way, and liability is limited in case something goes amiss. |
Wayne.B
Feb 1
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| Very true but there are sometimes surprising lapses. We did some
research last summer into the ownership of a nicely restored old boat
and found all the information buried about 3 deep in obscure Delaware
corporate entities. A straight Google search on the boat name however
popped up a reference by the "real owners" yacht club. Turned out to
be someone that I've met a few times and had no idea that it was his. Another one, a magnificent 120 ft sailing yacht, was so well obscured
that I actually discovered a few web sites devoted to ferreting out
who the actual owner was, along with some well researched analysis.
Their best guess was the owner of a German software company based on a
number of relevant factors. |
Wayne.B
Feb 1
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| Greg Norman had a much more modest Sportsfish type boat at the same marina I
was in at Jupiter, FL in 2002. If I remember correctly it was about 55'
and was named "FairWay" or something related to golfing. I have to fire up
my old computer and see if I can find a picture of it. RCE |
RCE
Feb 1
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