Europe's most expensive second-hand superyacht costs 240 million euros and has no helipad
The second-hand superyacht market has reached a new milestone: a 98-metre vessel, originally commissioned by a Kazakh oligarch, is on sale for 240 million euros. The paradox is that, despite the price, it lacks something as basic as a helipad, an almost mandatory antiestéticature in this category.
The price of impatience and bad taste
Building a custom superyacht takes years. Those who don't want to wait pay a premium for immediate availability. But this vessel, launched a few years ago, has drawn criticism even among enthusiasts: the interiors, overloaded with marble and gold, have been described as tacky, the hallmark of a nouveau riche with no taste. According to one estimate, a marble-clad staircase is worth more than an average home.
Running costs that scare people off
Sailing this monster for two hours burns between 1,500 and 3,000 euros in fuel alone, according to navigation data. The engines, a combination of Caterpillar units for electricity generation and MTU-Rolls-Royce for propulsion, demand a qualified crew and constant maintenance. It's not a plaything for just anyone, not even for millionaires: the real cost starts when the boat moves.
Who buys a 240-million-euro second-hand yacht?
The likely buyer is someone in a hurry with no interest in the design process. An old-money owner looking to make the most of his final years, according to one school of thought. Others point out that enough money removes the need to wait: you pay and that's that. What nobody disputes is that the boat is a money-burning machine: between crew, fuel, mooring and insurance, the annual outlay can exceed 10 million euros.
The question remains: who needs a floating palace with no helipad and questionable taste? The market will tell whether a buyer can be found.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (81 replies).
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