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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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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The greatest show on water: The
annual trade show celebrates the world’s newest, biggest and most luxurious
superyachts
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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
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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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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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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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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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