Yacht owners who regularly dock in South Florida should be aware of changes in the law that recently took effect. The Boating Safety Act (BSA) aims to reduce deaths, injuries and damage from boating accidents, which have been on the rise recently. Among the new...
Sending money electronically or via wire-transfers has its risks. This is especially true when it comes to large amounts of money. As technology makes it much easier for criminals to defraud people, including yacht buyers and sellers, it is critical to understand how...
Why sell your yacht when you and so many ocean lovers around the U.S. remain committed to the boating lifestyle? Well, as it turns out, the results of a recent survey disclose that few cite poor economic conditions for selling their boats. Actually, the opposite seems...
The 2022 Monaco Boat Show wrapped up recently and the biggest takeaway is that the economy and fuel prices haven’t slowed down superyacht sales. Here are a few noteworthy items from the event. Demand remains high There were a near-record 118 yachts, with a combined...
The pandemic fueled a frantic yacht-buying spree for people wanting to get a little distance between themselves and possible COVID infections. Now that the pandemic is cooling, a buyer’s market is flourishing. Here’s why: Buyer’s remorse A full-time boating lifestyle...
Buying your first yacht is a veritable tornado of emotions, ranging from excitement (“We’re going to have so much fun!”) to shock (“Maintenance costs how much?”). Whether you’re buying an existing yacht or having one built, this is a complex transaction with many...
The yacht world is certainly buzzing lately. There are the seizures of boats owned by Russians with ties to Vladimir Putin and the war in Ukraine. Other big-picture issues include supply chain issues for parts and new add-ons. And, of course, the stories about...
Transactional markets experience booms and lulls on different cycles. Numerous factors such as inflation, buyer-versus-seller strength and on-hand inventory can dramatically influence these periods. Fortunately, when it is time to sell your yacht, there are several...
Pictures of massive yachts owned by billionaires, oligarchs and royalty are often splashed across the pages of Yachting Magazine and other publications celebrating the lifestyles of the super-rich, but millionaires are not getting left out. A recent Wall Street...
We recently wrote about how the war in Ukraine may hurt yacht sales. Now, it appears that U.S. federal government and others are going after Russian oligarchs who already own them. The U.S. authorities are freezing all assets in the U.S. and prohibiting U.S. companies...
