Wednesday, September 24, 2014

It's a billionaire's playground! Super-rich gather to show off world's most luxurious superyachts at prestigious festival in Monaco

It's a billionaire's playground! Super-rich gather to show off world's most luxurious superyachts at prestigious festival in Monaco


Yacht enthusiasts and the world’s super-rich are gathering in glamorous Monaco for an annual trade show that celebrates the world’s newest, biggest and most luxurious superyachts.
The 24th edition of the Monaco Yacht Show kicked off Wednesday, bringing together buyers, owners and tourists in historic Port Hercule.
Considered the most prestigious pleasure boat show in the world, the 2014 edition is the largest in the event’s history with more yachts than ever before and over 500 exhibitors.
With around 115 superyachts on display, organisers are expecting more than 33,000 people to attend the four-day event before it concludes on Saturday.


Aside from the biggest and best yachts in the world, visitors are getting a look at unusual watercraft that travel on and below the surface, including an inflatable submarine from U-Boat Worx.
Last year’s trade show appeared to signal the beginnings of a recovery in the yachting market and today it appears that orders are on the rise, according to Monaco Yacht Show officials.
Billionaires who are keen on purchasing one of the giant yachts will be able to browse dozens of models, including some that are over 325 feet in length.
Thousands of visitors are coming from overseas, and organisers are expecting more buyers from emerging markets such as Turkey, China or South Asia.
With growing demand and more ultra-rich individuals splurging on big-ticket items, the US and Eastern Europe remain strong markets for yachting, officials say. 
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Lap of luxury: Yacht enthusiasts and the world’s super-rich are gathering in glamorous Monaco for the 24th edition of the Monaco Yacht Show
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Lap of luxury: Yacht enthusiasts and the world’s super-rich are gathering in glamorous Monaco for the 24th edition of the Monaco Yacht Show
Prince Albert II of Monaco posed for photographers as he attended the inauguration of the Monaco Yacht Show exhibition at Port Hercules
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Prince Albert II of Monaco posed for photographers as he attended the inauguration of the Monaco Yacht Show exhibition at Port Hercules
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Prince Albert II of Monaco posed for photographers as he attended the inauguration of the Monaco Yacht Show exhibition at Port Hercules
The greatest show on water: The annual trade show celebrates the world’s newest, biggest and most luxurious superyachts
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The greatest show on water: The annual trade show celebrates the world’s newest, biggest and most luxurious superyachts
Life of the super-rich: The 2014 edition is the largest in the event’s history with more yachts than ever before and over 500 exhibitors
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Life of the super-rich: The 2014 edition is the largest in the event’s history with more yachts than ever before and over 500 exhibitors
Aside from the biggest and best yachts in the world, visitors are getting a look at unusual watercraft, including an inflatable submarine from U-Boat Worx
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Aside from the biggest and best yachts in the world, visitors are getting a look at unusual watercraft, including an inflatable submarine from U-Boat Worx

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Giant vessels: With around 115 superyachts on display, organisers are expecting more than 33,000 people to attend the four-day event
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Giant vessels: With around 115 superyachts on display, organisers are expecting more than 33,000 people to attend the four-day event
Deep pockets: Billionaires who are keen on purchasing one of the giant yachts will be able to browse dozens of models, including some that are over 325 feet in length
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Deep pockets: Billionaires who are keen on purchasing one of the giant yachts will be able to browse dozens of models, including some that are over 325 feet in length
The U-Boat Worx C-Explorer 3 is equipped with air conditioning and can operate at a depth of over 3,000 feet
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The U-Boat Worx C-Explorer 3 is equipped with air conditioning and can operate at a depth of over 3,000 feet
Like mini cruise ships: Organisers are expecting more buyers from emerging markets such as Turkey, China or South Asia this year
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Like mini cruise ships: Organisers are expecting more buyers from emerging markets such as Turkey, China or South Asia this year


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