history yacht cost

The Midas Touch: $4.8 Billion History Supreme Most Expensive Yacht Ever Sold

We’ve seen some opulent yachts, but the 100-foot History Supreme takes the gold-encrusted cake. Stuart Hughes, a British purveyor of luxury gadgets, took a break from his role as an iPad alchemist to create the $4.8 billion superyacht, covered in platinum and gold from bow to stern.

Purchased by an anonymous Malaysian businessman, History Supreme is the most expensive yacht ever sold, according to Luxury Launches. The Daily Mail reports that the impressive vessel took three years to complete and used over a staggering 220,462 pounds of precious metals. Everything – from the base of the boat, to the deck, dining area, rails and anchor – were decked out in gold and platinum.

history yacht cost

The exorbitant price tag is also the result of the lavish master bedroom, adorned in platinum with a wall feature that is made from meteoric stone and a genuine T-Rex dinosaur bone. It is rumored that Robert Kuok purchased the superyacht, worth 10 times the amount Roman Abramovitch (previous title holder for world’s most expensive yacht) paid for the Eclipse megayacht. Kuok is one of only three Malaysians with a net worth of $5 billion or more, according to Forbes billionaire’s list . If the purchase price is accurate, “the most likely buyer is Robert Kuok , the richest man in Malaysia, with a net worth of $12.5 billion,” reports Business Insider .

history yacht cost

We may not have any gold-fringed yachts for sale , but Atlantic Yacht & Ship features a wide variety of yachts and boats for sale that will suit even the most distinguishing tastes. Check our listings and contact a sales rep today to tour any vessel at 1-888-230-0439.

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history yacht cost

History Supreme: The £3 Billion Gold Plated Yacht

By Ben Roberts

Intriguing reports have emerged regarding the world’s most expensive superyacht today. Worth almost ten times more than Eclipse, the largest yacht in the world, the 30.48m Gold plated superyacht, History Supreme, has now apparently hit the water.

History Supreme has been a well kept secret in the Superyacht Industry, which is understandable as the yacht itself is reportedly worth over £3 billion. Containing around 100,000kg of gold and platinum, History Supreme was designed by Stuart Hughes, the world renowned luxury designer, and took just over three years to complete.

Her hull and exterior design are both wrapped in the most sought after precious metals on the planet, coating elements of the deck, dining area, rails and even the anchor.

History Supreme also holds one of the most unique interior features to ever grace a yacht; a wall feature which is made from meteor stone and Tyrannosaurus Rex bone.

However, we feel it is highly unlikely that a superyacht adorned to this level will ever actually grace the waters, and if the reports are in fact true, it would be far better suited to a museum exhibit than a life on the ocean.

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The World’s Most Expensive Yachts—Including Some That Cost Billions

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Though superyachts are already among the most costly consumer items available, the prices of the most expensive yachts in the world are still astounding. In recent decades, those with money to burn have settled on these floating palaces as an ideal locus for demonstrating their prosperity, and, as such, the global luxury yacht industry is undergoing a golden age. The world’s überwealthy think of their motor yachts as toys, and they’re constantly trying to outdo each other in scale, design, amenities, materials, and sheer profligacy.

Knowing this, what features does it take to own one of the most expensive yachts in existence? And how much do these opulent vessels actually cost? To that end, AD has compiled a list of the five priciest superyachts currently out on the water. As with many things connected to the very wealthy, details are shrouded in secrecy—often intentionally—to shield the assets from taxation or seizure, or to protect privacy.

Below, dive into the five reportedly most expensive yachts in the world.

5. Dubai ($400 million)

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This 531-foot yacht is reportedly owned by United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. Though it was originally planned for another Middle Eastern potentate, Prince Jefri Bolkiah of Brunei, he suddenly voided the contract in 2001. With exteriors designed by Andrew Winch and interiors by Platinum Yachts, this German-built Blohm + Voss vessel features several Jacuzzis, a pool inlaid with handmade mosaic tiles that is reportedly large enough to hold 115 people, a circular staircase, a discotheque with an appropriately sized dance floor, squash courts, a movie theater, a dining room for 90 guests (the other 25 presumably have to eat in the pool?), a helipad, and a submarine.

4. Topaz ($527 million)

most expensive yacht

Resembling a stealth bomber, this 483-foot ship is reportedly owned by Russian fertilizer and coal oligarch Andrey Melnichenko. With exteriors by Tim Heywood Design Ltd. and interior designs by Terence Disdale Design, this German-built Lürssen Yacht features a 2,500-square-foot primary bedroom, six guest suites (with moveable walls so they can be transformed into four grand staterooms), glassware and tableware fashioned from French crystal, a helicopter hangar, a 30-foot speedboat tender, and three swimming pools, including one with a glass-bottom dangling menacingly above a disco.

3. Azzam ($600 million)

most expensive yachts

This 590-foot ship is currently thought to be the largest private yacht in the world and one of the fastest, with a top speed of 35 miles per hour. To achieve this immense scale and speed, it required a pair of gas turbines and two stratospherically potent diesel engines, rendering it very difficult to build. It is reportedly owned by a member of the royal family of the UAE, Sheikh Khalifa bin Zayed Al Nahyan. With exteriors by Nauta Yacht and interiors by French decorator Cristophe Leoni, this yacht was also built by Lürssen in Germany. The vessel is set apart by its early 19th-century Empire-style veneered furniture, as well as its state-of-the-art security systems, including a fully bulletproof primary suite and a high-tech missile deterrence capabilities.

2. Eclipse ($1.5 billion)

most expensive yachts

In addition to being the second-costliest, this 533-footer is thought to be the world’s second-largest private yacht. Owned by Russian billionaire Roman Abramovich , the ship was claimed to be located in Turkey and may be impounded as part of the United Kingdom’s sanctions against Russia. Designed by Terry Disdale and built by Blohm + Voss, it features two-dozen guest cabins, two swimming pools, two helipads, and multiple hot tubs. For privacy and security reasons, it hosts a missile detection system, bulletproof windows in the primary bedroom and on the bridge, an anti-paparazzi shield, and, when all of that fails, a mini-submarine that can take a few VIPs 164 feet under the ocean’s surface.

1. History Supreme ($4.8 billion)

History Supreme has never actually been seen in a major port, and rumors suggest that the yacht may not be real and instead just a publicity stunt. Reportedly owned by Malaysia’s richest man, Robert Kuok, and designed by Stuart Hughes in the UK, the yacht is only a paltry 100 feet long. Its worth is said to be derived from its lavish finishes, including a statue constructed from genuine Tyrannosaurus rex bones, a liquor bottle embedded with an 18.5-carat diamond, and a primary bedroom with one wall made from meteorite and another from a 24-karat gold Aquavista Panoramic Wall Aquarium. If you see it somewhere, let us know.

Frequently Asked Questions

How much is Jeff Bezos’s yacht?

Most Expensive Yachts

This is why people like Amazon founder Jeff Bezos work to keep their yachts out of the public eye. Though we are not including Jeff Bezos’s yacht, Koru (Maori for “coil”), in this list because it is a sailing yacht and thus excluded from the realm of these motor yachts, it created controversy in the Netherlands when its presence became known. Jeff Bezos’s abided the $500 million price tag of Oceanco, the Dutch custom yacht builder, to create the 417-foot megayacht. But when the company, at Bezos’s behest, requested that a local bridge be dismantled to make way for its gigantic mast on its journey from the shipyard, public sentiment turned against the cento-billionaire, and Oceano shelved its request. Maybe a port like Monaco would be more accommodating?

Also not on this list is the world’s largest private yacht, reportedly owned by Alisher Usmanov. Though size and cost typically scale in the world of superyachts, this is not always the case (see #1 in this list.) Also, Somnio, the 728-feet dream-monikered yacht liner that tops our list of the world’s largest private yachts , isn’t quite done being constructed. And it is not, like most of the largest superyachts, privately owned by one individual or family—it’s a kind of floating condo, with 39 eight-figure homes available to potential owners solely by invitation.

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Yacht or Knot: History Supreme – The World’s Most Expensive Yacht

history yacht cost

A glimpse of the Most Expensive Yacht, History Supreme | Photo Courtesy Stuart Hughes

Have you ever seen a vessel of floating gold? If you’re in the right place at the right time, you may just run into the History Supreme , the most expensive and arguably the most unique yacht ever designed and built.

Since the beginning of time, the world’s elite have flaunted their affluence, but this floating masterpiece may just blow every other show-and-tell yacht extravagance out of the water.

history yacht cost

The History Supreme was created and built by Stuart Hughes, a British purveyor of frilly gadgets and the creator of both the most expensive suit and most expensive iPhone in the world. This supreme boat was sold to an anonymous ultra-wealthy Malaysian business man, assumed to be Robert Kuok.

You have to see it to believe it, as this almost implausible work of floating golden art took Hughes 3 years to complete and cost $4.8 billion. Mr. Hughes was ecstatic when approached by a friend in the yachting circle to design the luxury liner. He had free creative reign to design and construct the yacht as he wished. Hughes never met the purchaser of his creation, Mr. Kuok, who is reported to be the richest man in Malaysia with a net worth of $12.5 billion.

history yacht cost

At 100 feet long, and weighing-in at staggering 220,462 pounds worth of precious gold and platinum, all the extraordinary features are on deck and opulently on display.

The dining area, rails and anchor are all made from priceless metals, and the base of the vessel is wrapped in pure gold. The superyacht’s lavish interior features central sleeping quarters and is adorned with platinum accents, including wall features made from meteoric stones and authentic T-Rex Dinosaur bones.

This astounding and innovative abundance continues on board with a luxury liquor bottle featuring an 18.5 carat diamond, one of the rarest in the world. Also, wrap your head around the custom iPhone that’s covered in 500 cut diamonds which include two interchangeable diamonds fitted over the phone’s “home button”. If you forget that you’re at sea, a reminder might also be the yacht’s superbly ordained panoramic wall aquarium made of 24 carat gold.

history yacht cost

The History Supreme has maintained the title of most expensive yacht on the high seas for nearly a decade now, with no other luxury liner able to surpass its mammoth price tag. Too good to be true, or knot?

Inside The Most Expensive Yacht Ever Sold

superyacht upper deck corridor

Billionaires are seemingly always seeking to top one another and themselves when it comes to buying jaw-droppingly expensive and ridiculous objects. In 2011, an anonymous Malaysian man, rumored to be business tycoon Robert Kuok, may have moved to the head of the pack when he allegedly bought the hilariously named History Supreme, a yacht made of such materials as solid gold, platinum, meteoric stone, and the bone of a tyrannosaurus rex. According to Business Insider , Kuok is a notoriously private self-made billionaire who heads the Kuok Group, a multinational conglomerate that owns assorted businesses around the world. When he bought the History Supreme for $4.8 billion, he reportedly spent a third of his $12.8 billion fortune. According to Forbes , in 2021 the 97-year-old is the 171st richest person in the world with a net worth of $12.6 billion.

As reported by the Daily Mail , the History Supreme is made up of over 100,000 kg (that's over 220,000 pounds) of platinum and gold; the entire base of the boat is wrapped in solid gold and the precious metals are used throughout, while the aforementioned meteoric stone and dinosaur bone make up a "wall feature" in the master bedroom. Additional features, per Jetset Magazine , include a luxury liquor bottle adorned with a rare 18.5 carat diamond, a custom iPhone encrusted in 500 diamonds, including two special interchangable home button diamonds, and a panoramic Aquavista wall aquarium made from 24-carat gold, presumably setting a new standard when it comes to panoramic yacht aquariums.

Is the History Supreme a hoax?

Robert Kuok

The History Supreme yacht is the handiwork of British designer Stuart Hughes who per his website has also made such collectibles for the ultrarich as the world's most expensive suit, the world's most expensive iPhone, the world's most expensive model car, and a solid gold Rolls Royce Phantom. According to Jetset Magazine , the "anonymous Malaysian business man" (probably Robert Kuok, shown above) commissioned Hughes via a friend in his yachting circle; Hughes never met the person for whom the yacht was intended, but was given completely  free reign in terms of the ship's design and construction. The project took three years to complete. 

To add to the History Supreme's mystique, some people don't believe it exists at all. Autoevolution says it "was never real, it was never made and no, it does not exist," noting that Italian company Baia Yachts issued a statement claiming the pictures of History Supreme's interior on Hughes' website were stolen from their site and used without permission. MoneyInc and YachtHarbor also lay out the case for the entire story being a hoax, with MoneyInc noting that at one point Kuok deconstructed his Hong Kong mansion into several smaller homes to avoid an ostentatious display of wealth, which makes his commission of the world's most luxurious yacht seem unlikely. Furthermore, as Kuok is known for staying out of the public eye, perhaps Hughes chose him as the supposed customer because he is hard to reach and therefore will not confirm or deny the yacht's existence. The History Supreme section of Hugh's website remains intact. 

Did the Eclipse get eclipsed?

Eclipse yacht on water

Before the possible existence of the History Supreme, the title of world's most luxurious yacht belonged to the Eclipse (shown above). Per the Sydney Morning Herald , it was purchased in 2009 by Russian business tycoon Roman Abramovich for $590 million and includes two helipads, a movie theater, a sports complex, its own mini-submarine, and a missile defense system. Created by German shipbuilding company Blohm + Voss, an anonymous Russian yachting expert described it as a "big mansion on water ." When asked why it looked like a military frigate, the expert replied "It's a trend. Private yachts look like military boats these days. The yacht is a statement for many people. It's a statement about power." For those who wanted to try out that sort of morally dubious power without committing, the Eclipse was at one point available for commission for up to 30 guests and 75 crew members via SuperYachtsMonaco at $2 million per week, as reported by Business Insider . It's no longer listed on the site.

Per Robb Report , the world's largest yacht since its construction finished in 2013 has been the Azzam, which comes in at 592 feet and six inches long and can travel at a speed up to 30 knots. Built by yacht company Lürssen , it was commissioned by United Arab Emirates president Khalifa bin Zayed bin Sultan Al Nahyan (per Super Yacht Fan ) and has an interior described as sophisticated and luxe. 

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The HISTORY SUPREME

history yacht cost

£ 3,000,000,000.00

Description

The worlds most unique yacht â HISTORY SUPREME â probably the most expensive.This project was commissioned for Stuart Hughes of Liverpool U.K. from an anonymous leading Malaysian business man.At 100ft the yacht took 3 years to complete , a circa of 100,000 kilograms of solid gold and platinum were added to make this an exciting project.All features inc deck , dinning area , rails , anchor , made from precious metals.The base of the vessel was wrapped in gold , a thin layer was formed to embrace this huge section.The main sleeping quarter was adorned with platinum accents of which included , wall feature , made from meteoric stone , with genuine Dinosaur bone shaved in from the raptor T – REX. A cost of £3 billion , the most exclusive yacht was born !Similar unique designs can be found on our other site www.goldstriker.co.uk

With great sorrow, we announce the passing of Stuart Hughes, the heart and soul behind Goldstriker International. Stuart’s journey came to a peaceful end, leaving a void in our hearts and an enduring legacy in the realm of luxury and craftsmanship.

Born on March 23, 1971 in the historic city of Liverpool, England, Stuart’s early life was steeped in the rich cultural tapestry of his hometown, known for its contribution to arts, music, and sports. These elements profoundly shaped Stuart, inspiring him to create Goldstriker International, a symbol of exclusivity, innovation, and extraordinary artisanship. Each creation was a testament to Stuart’s meticulous attention to detail, from the items themselves to the handmade boxes that presented them.

Stuart’s warmth and gracious spirit were as remarkable as his professional achievements. He navigated life and business with a serene confidence, an effortless charm that made every interaction memorable. His genuine kindness and approachable demeanor endeared him to all, leaving lasting impressions that went beyond the exquisite creations he brought into the world.

As we bid farewell to Stuart, we also acknowledge the closing of Goldstriker International. Without Stuart’s unique vision and passion, the continuation of the business he so lovingly built is unthinkable. This decision, though difficult, honours the fact that Goldstriker was a reflection of one man’s dream and exceptional talent.

Our hearts go out to Stuart’s family — his mother Helen, his children Daniel and Harry, Uncle Philip, Marie and Zara, and his beloved granddaughter Summer. We share in your sorrow and offer our unwavering support during this trying time.

As we reflect on Stuart’s remarkable life and legacy, we invite our cherished clients and friends to join us in celebrating the indelible mark he has left on our lives and the luxury industry. Stuart’s spirit and values will continue to inspire us, reminding us of the beauty of pursuing one’s passions with kindness, humility, and a gentle spirit.

With deepest sympathy and respect,

Stevan Brash Webmaster and Friend

The $4.8 Billion Vessel: Here's What Makes History Supreme The Most Expensive Yacht In The World

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Billionaires appear to be constantly trying to outdo each other and themselves when it comes to purchasing ridiculously expensive and extravagant items . As such, it's possible that in 2011, an unidentified Malaysian, reported to be business billionaire Robert Kuok , may have gone to the top of the pack by purchasing History Supreme, a yacht composed of solid gold, platinum, meteoric stone, and a tyrannosaurus rex bone. Kuok is the self-made billionaire who runs the Kuok Group, an international corporation with operations all over the world. He reportedly spent a third of his $12.8 billion fortune when he paid $4.8 billion for the History Supreme. It's estimated that the 97-year-old will have a net worth of $12.6 billion by 2021, according to Forbes.

Gold-plated rooms are the norm on boats, where every luxury is taken care of for their guests. There are numerous swimming pools, dance floors, cinema halls, bars, and lounges, as well as a variety of other amenities for the billionaires who own these wonders of architectural design. But that's not all; owners board in helicopters that land on the deck of the boat for added panache. One of the world's top engines powers each yacht, which is a sleek and attractive craft. No one on board notices a jot of discomfort as they soar through the waves at top speed. In order to ensure that their sheen and durability are worth the price tag, the ships are built using the best materials available.

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History Supreme is the most expensive boat in the world. A Malaysian businessman, who wishes to remain unknown, commissioned Stuart Hughes to create it. According to media reports, the guy is Robert Kuok, the billionaire creator of Shangri-La Hotels and Resorts. When finished, the 30-meter yacht took three years to build and required about 100,000 kilograms of solid gold and platinum. On the boat's base, a thin film of gold metal has been applied to give it a luxurious look. The deck, dining area, railings, and even the anchor all feature a touch of gold trim. As one example of the yacht's lavish interior design, the major sleeping quarter features a T-Rex bone set on a meteoric stone wall.

A remarkable 220,462 pounds of precious metals were used during the vessel's three-year construction, according to the Daily Mail. It was all gold and platinum: the base of the boat, the deck, dining area, rails, and anchor. As Roman Abramovitch spent ten times as much for Eclipse, it has been believed that Robert Kuok bought the superyacht. The Forbes billionaires' list ranks Kuok as one of only three Malaysians with a net worth of $5 billion or more. The most likely bidder is Robert Kuok, the wealthiest man in Malaysia, with a net worth of $12.5 billion, according to the Business Insider.

There are precious metals used in the eating room, rails, and anchors; the vessel's base is covered in pure gold. In the superyacht's luxurious interior, there are central sleeping quarters and platinum embellishments, including wall features created from meteoric stones and actual T-Rex Dinosaur bones. One of the world's rarest diamonds , an 18.5-carat one, is featured in a luxury liquor bottle on board the ship. Take a look at the diamond-encrusted bespoke iPhone, which features two diamonds that can be swapped out for the home button. It's possible to forget that you're at sea if you don't notice the 24-carat gold-plated panoramic wall aquarium on board the boat.

There has been no mention of the superyacht's performance or other qualities as you may have realized this by now. Despite the thorough quality of the features discussed, it felt like they were just a random assortment of stuff they gave to justify such an excessive price tag. The fact that none of it was real was an even more ridiculous claim than the rumored price of $4.8 billion for a yacht.

When news of History Supreme spread, many representatives for Hughes acknowledged to various media sites, including in emails sent to Business Insider , that the reports contained accurate information. After that, there was complete and utter stillness coming from their end. The name History Supreme made the yacht sound like an insane vessel that not even a wealthy villain would buy, and there's a good reason for it. It was never a thing, and nor was it ever created, and no, it is not out there. History Supreme is likely the biggest boating fraud in the industry, despite what Google and a few reputable yachting websites want you to think.

Baia Yachts, based in Italy, issued a statement saying that the photos allegedly showing History Supreme posted on Hughes' website were stolen from its website and appropriated without permission at some point after the initial story was published. Hughes has not removed the post for whatever reason, and if it were up to him, he would still have you believe that he developed and sold the world's most costly boat, which the manufacturers constructed with more than 220,000 pounds of 24-carat gold.

READ NEXT:  Here's What Makes Pierchic Pizza The Most Expensive Pizza In The World

Sources: Super Yacht Times , Boat International , Lifestyle Asia

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What Is Yacht History Supreme? (The Fascinating Story Behind It)

history yacht cost

For centuries, luxury yachting has been a long-time favorite among the wealthy, a symbol of their wealth and success.

Today, one yacht stands out among the rest for its sheer opulence and grandeurthe Yacht History Supreme.

This remarkable vessel has been at the center of attention for its luxurious amenities and features, as well as its mysterious owner.

This article will explore the fascinating story behind the Yacht History Supreme, from its history of luxury yachting to its recent sightings.

Get ready to explore the world of super yachts and experience the grandeur of the Yacht History Supreme!.

Table of Contents

Short Answer

Yacht History Supreme is a luxury yacht constructed by the Australian company, History Supreme.

It was designed by the British designer, Luiz de Basto, and is constructed from 100,000 kg of solid gold and platinum.

It is said to be the most expensive yacht in the world, with an estimated cost of $4.

The yacht features a master bedroom that is made from a single piece of 24-carat gold, and a sculpture of a T-Rex dinosaur made from bone-like material.

History of Luxury Yachting

The history of luxury yachting dates back centuries, when wealthy European families would use their ships to explore the world, show off their status, and even host extravagant parties.

The history of luxury yachting has evolved over time, as advances in technology have made it easier to build bigger and more luxurious vessels.

Today, luxury yachting is a billion-dollar industry, with people from all over the world investing in some of the most expensive and extravagant yachts ever built.

One of the most iconic yachts in the luxury yachting world is the Yacht History Supreme.

Built in 2011 by the Dutch-based firm, Lrssen Yachts, the Yacht History Supreme is one of the worlds most expensive and luxurious yachts.

It measures over 100 meters in length and features a gold-plated exterior, diamond-encrusted furnishings, and a helipad.

It also has a master suite, two VIP cabins, and other luxurious amenities.

The yacht is owned by an anonymous Malaysian businessman and is often seen off the coast of Monaco.

The Yacht History Supreme is a testament to the advances in technology and luxury that have been made in the world of yachting over the years.

It is a stunning symbol of the progress that has been made in the luxury yachting industry and a reminder of the importance of creating the most luxurious and opulent experiences for those who can afford it.

Yacht History Supreme Overview

history yacht cost

Yacht History Supreme is a luxury yacht that stands out from the rest.

Built in 2011 by the prestigious Dutch-based firm, Lrssen Yachts, the vessel is one of the worlds most expensive and luxurious yachts, featuring a golden exterior, diamond-encrusted furnishings, and a helipad.

Measuring over 100 meters in length, the yacht has a master suite, two VIP cabins, and other luxurious amenities.

Its owner is an anonymous Malaysian businessman who has chosen to remain anonymous and is often seen off the coast of Monaco.

The interior of the yacht is just as stunning as its exterior.

The main deck features a luxurious salon and a dining room with an impressive glass table.

The yacht also features a gym and a sauna, as well as a private movie theater.

The upper deck is also filled with luxurious amenities, such as a bar and a jacuzzi.

The exterior of the yacht is just as luxurious and impressive.

The golden exterior is encrusted with diamonds, and the yacht also features a helipad.

The vessel is powered by two MTU diesel engines and is capable of reaching a top speed of 17 knots.

Yacht History Supreme is a symbol of luxury and extravagance, and its impressive features make it stand out from the rest.

Its golden exterior and diamond-encrusted furnishings make it one of the most luxurious yachts in the world.

Its no wonder that this yacht is often seen off the coast of Monaco, as its owner enjoys the luxury and extravagance of the vessel.

Features of Yacht History Supreme

Yacht History Supreme is a marvel of luxury and engineering, built in 2011 by the renowned Dutch-based firm Lrssen Yachts.

This luxurious yacht is an impressive 100 meters in length, and features a golden exterior, diamond-encrusted furnishings, and a helipad.

Inside, the yacht is outfitted with an opulent master suite, two VIP cabins, and other luxurious amenities.

The interior is decorated with fine woods, marble floors, and crystal fixtures.

The exterior features a large area for sunbathing, a Jacuzzi, and an outdoor bar.

The yacht also includes a spa, gym, and cinema.

The Yacht History Supreme is owned by an anonymous Malaysian businessman and is often seen off the coast of Monaco.

This impressive vessel is powered by twin MTU 20V4000 M93L engines and boasts a top speed of 16 knots.

It is equipped with the latest navigation, communications, and entertainment systems, making it the perfect choice for a luxurious, stylish getaway.

Luxurious Amenities of Yacht History Supreme

history yacht cost

The Yacht History Supreme is truly one of the worlds most luxurious vessels.

Its golden exterior is complemented by its diamond-encrusted furnishings, making it a sight to behold.

The yacht is over 100 meters in length and boasts a master suite, two VIP cabins, and other lavish amenities.

The interior of the yacht is as luxurious as its exterior.

The master suite features a private balcony and a stunning view.

Guests can relax in the VIP cabins, which are equipped with private lounges and bathrooms.

The yacht also has a helipad, allowing for easy access to the vessel.

Other amenities include a spa with a sauna and massage rooms, a gym, a wine cellar, and an outdoor cinema.

It is one of the most expensive yachts in the world, and its luxurious amenities are sure to make any voyage a memorable one.

Whether youre looking to relax in a private balcony or enjoy a movie under the stars, the Yacht History Supreme has something for everyone.

The Yacht’s Owner

The Yacht History Supreme is owned by an anonymous Malaysian businessman, who has chosen to remain unknown to the public.

However, details of the owner have been slowly revealed as the yacht has been seen in various ports around the world.

The yacht is estimated to have cost somewhere between $4.

5 billion dollars, making it one of the most expensive yachts ever built.

This is a testament to the wealth and extravagance of its owner who, it is thought, is a successful businessman from Malaysia.

What makes the Yacht History Supreme so unique is its luxurious design and amenities.

It boasts a golden exterior, diamond-encrusted furnishings, and a helipad, which make it stand out from the rest.

It also measures over 100 meters in length, making it one of the largest yachts ever built.

Inside, the yacht features a master suite, two VIP cabins, and other luxurious amenities.

The Yacht History Supreme is often seen off the coast of Monaco and other locations around the world.

This is believed to be due to its anonymous owner’s preference for privacy and luxury.

The yacht has become a symbol of the wealth and power of its owner, who remains anonymous to this day.

The Yacht’s Grandeur

history yacht cost

The Yacht History Supreme is truly a sight to behold.

From the outside, it is coated in a gold-plated finish, giving it a regal and luxurious feel.

The yacht is over 100 meters in length and features a master suite, two VIP cabins, and other luxurious amenities.

Its interior is adorned with diamond-encrusted furnishings, making it one of the most luxurious yachts in the world.

The yacht also has a helipad, allowing its owner to come and go in grand style.

It is the perfect combination of grandeur and luxury, making it the perfect vessel for the well-heeled traveler.

Recent Sightings of Yacht History Supreme

Yacht History Supreme has become a regular sight off the coast of Monaco, often spotted by tourists and locals alike.

Its impossible to miss, with its shining golden exterior and gleaming diamond-encrusted furnishings.

The yacht measures over 100 meters in length, and has a master suite, two VIP cabins, and many other luxurious amenities.

Its owner, an anonymous Malaysian businessman, has been seen on board numerous times, enjoying the sunshine, crystal-clear water, and the sounds of Monaco.

This yacht is often seen in the company of other luxury vessels, including mega yachts, super yachts, and even the occasional cruise liner.

Its a sight to behold, and one thats enjoyed by many who are lucky enough to witness it.

Yacht History Supreme has become an iconic symbol of wealth and luxury, and its not hard to see why.

The yachts helipad is also a popular spot for tourists to take pictures, as it provides a spectacular view of Monacos coastline.

Final Thoughts

Yacht History Supreme is an impressive feat of luxury yacht engineering and craftsmanship.

Its golden exterior, diamond-encrusted furnishings, and other luxurious amenities make it one of the most expensive and luxurious yachts in the world.

Owned by an anonymous Malaysian businessman, Yacht History Supreme has been seen off the coast of Monaco and is a sight to behold.

To truly appreciate the grandeur of Yacht History Supreme, we suggest taking a trip to Monaco and seeing it for yourself.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

history yacht cost

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

  • Yacht costs vary greatly based on size, brand, age, and features
  • Additional expenses such as maintenance, insurance, and crew should be factored in
  • Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

history yacht cost

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

  • Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
  • Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
  • Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
  • Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

  • Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
  • Dockage: Yacht owners should budget around $350,000 annually for marina fees.
  • Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
  • Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
  • Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

history yacht cost

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Money Inc

A Closer Look at the $4.8 Billion History Supreme

Most of us do not wish for much money; a million dollars is enough to make us turn our lives around, but there are always people who are looking for more. While you are praying for a car, another wants a private jet; while you are looking for more space in your garage, another is preparing to buy an entire house. We are not equal, and that is the reason why when you hear that someone is willing to buy a yacht for $4.8 billion, you have to ask who it is. A yacht that goes by the name “History Supreme” has you thinking that it contains lots of history either in its construction or decorations yet the only thing historical about the $4.8 billion yacht is the use of extinct bones. Stuart Hughes made the headlines eight years ago with the declaration that he had taken three years to complete building History Supreme, so we had to learn more about it.

Why be valued so highly?

Multi-billionaires have competed against each other to see whose yacht is the longest and when we think that we have found the winner another boat is made and it outshines the rest. History Supreme was not about being the longest; it only was going to be 100 feet long, but the materials used to make it would ensure that no other yacht ever came close to its price. Manufacturers value their products depending on the cost of production and for Stuart, the boat which he also claimed the buyer had given him free rein to make, the construction meant going all out hence the astronomical price. History Supreme was reportedly made from:

Precious metals

As little girls boast of wearing nothing but gold-coated earrings since any other will cause them to have allergic reactions, they already feel like they own the world with their jewelry all because it has a touch of gold. Well, imagine owning a vessel whose base is made from solid gold. The anonymous businessman who bought the History Supreme took pride in owning a yacht whose base was made from gold; a thin layer is formed to coat its entire base, according to Stuart Hughes.

The sleeping quarters were allegedly made from platinum and together, both the platinum and gold used weighed 100,000 kilograms. As if that is not enough of the costly expenses, holding down the vessel was an anchor also made from precious metals while the railings, dining area, and deck also were constructed from precious metals, according to Luxury Launches.

Bones of an extinct animal

The moment you learn that something no longer exists, you can be sure that finding it is going to be nearly impossible and when you do, the value will be too high for you to afford probably. Such is the case with the History Supreme, which only a multi-billionaire would dare think about buying. Stuart allegedly used the bones of an extinct dinosaur named “Tyrannosaurus Rex” or simply “T. Rex.” Why anyone would choose to have the bone shavings of a carnivorous dinosaur in their bedroom is a question that only Stuart can answer given that he supposedly came up with the design.

Meteoric stone

Stuart was looking to outdo renowned yacht designers when he said that History Supreme also contained Meteoric stones in the construction of the walls of the main sleeping quarters. The significance of having meteoric stones is still about driving the price of History Supreme upwards. Although Stuart did not reveal the exact meteoric stones used, maybe the fact that they are rarer than gold and a pound could be worth as much as $1 million is enough to make us believe that History Supreme is worth every penny included in its high cost.

Time spent constructing it

Everyone values their time differently; Josh Turner sang that time is love, but to a businessman, time is money. Stuart valued his time so much that he must have factored in the three years spent constructing History Supreme in the price when he quoted the £3 billion cost.

Too good to be true

In 2011, mainstream media went into a frenzy with the news that Stuart Hughes was going to make the most expensive in the world after Stuart claimed the project had been commissioned from an anonymous Malaysian businessman. The cost of the project was £3 billion according to Stuart Hughes and at such an amount is was apparent that someone somewhere was ready to splurge on a luxurious yacht, but the question remained as to who the mysterious buyer was.

As always when questions are unanswered, curiosity gets the better of us as we wonder if what we are being told is the truth or fabricated stories. Business Insider had assumed that the billionaire who bought the yacht was Robert Kuok but later discovered that the businessman whose net worth stood at a staggering $12.5 billion at the time, had deconstructed his Hong Kong mansion to avoid displaying his wealth. Now, that is not the behavior of someone who would spend $4.8 billion on a yacht.

We are always warned that if it sounds or looks too good to be true, it usually is, and in this instance, that was the case. Upon investigations, it was discovered that the whole project was but a hoax which the media had been gullible enough to believe in without doing their due diligence before reporting the lies to the public. It is shocking how far people are willing to go to make a name or themselves because Stuart Hughes was desperate enough to be noticed. According to Yacht Harbour, he went to the website of Baia Yachts and took pictures from there which he used to try and fool the public into believing he was making the most expensive yacht worldwide.

Our instincts should, however, have told us that billionaires are not interested in having a connection with the extinct animals by building a yacht with their bones. It is all about ego and for a billionaire a yacht should be something that gives him personal satisfaction, like Roman Abramovich’s Eclipse which he had built to eclipse every other boat in the sea with regards to length.

Dana Hanson

Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology.

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Bizarre Story of the History Supreme Yacht

Ian Fortey

You may have heard that the most expensive yacht in history is called the History Supreme. As near as I’ve been able to figure out, that’s not true. Not because the alleged $4.8 billion yacht wouldn’t be the most expensive – that’s far more than the next most expensive yacht. Instead, it’s not true because the History Supreme is not a real yacht. It doesn’t exist. But you wouldn’t know that from how the internet works.

The World’s Most Expensive Yacht

history yacht cost

If you Google the most expensive yacht nearly all the top results, whether they are lists or single topic articles, tell you about History Supreme. Every single one of these articles uses the same four photos. Keep that in mind because it will be important in a moment.

According to the stories, which all source their information from the same place, the History Supreme was designed by a man named Stuart Hughes. Hughes is famous for elevating common things to the extravagant. He had added hundreds of diamonds to things like iPhones and iPads, turning the everyday pieces of technology into multi-million dollar pieces of art.

Hughes himself states he designed the History Supreme for an anonymous Malaysian businessman back around 2011. 

What Made the History Supreme So Expensive?

history yacht cost

Hughes is famous for his excess so he was said to have gone all out with the History Supreme. One wall feature in the master suite was said to be made from meteoric stone (as in, harvested from a meteor) and included genuine dinosaur bone shaved from a Tyrannosaurus Rex found in Arizona. The dino bones alone were priced at $89,000.  There was even supposed to be a massive diamond housed in a luxury liquor bottle on display and a panoramic wall aquarium. So this ain’t your dad’s fishing boat , that’s for sure.

The big cost for the History Supreme was the solid gold and platinum. Hughes said he used 100,000 kg of precious metals to cover nearly every surface on the boat. The railings, the deck, the dining area, even the base of the boat was said to be wrapped in gold. Even the anchor was gold. And, for the record, 100,000 kg is about 220,000 pounds or 110 tons. Wow, right? Sounds like an amazing yacht.

Who Owns History Supreme?

history yacht cost

All photos of the History Supreme came from Hughes own website and since that time, in 2011 or so, not a single other photo of the boat has been taken. No one has reported seeing the boat and no one even knows who owns the boat.

People have assumed that the owner would be a man named Robert Kuok, the richest man in Malaysia. His fortune is around $14.5 billion. If he was indeed the man who purchased this boat, it means he spent one third of all of his money on it. That’s a lot of money to invest in a single boat. 

Why Is the History Supreme Fake?

history yacht cost

At the end of the day, there is no evidence History Supreme ever existed for real. The most damning evidence is those four photographs. Some internet sleuths who were unconvinced about the story of the History Supreme realized that the boat in Hughes photos looked a lot like the Baia One Hundred, a yacht made by Italian yacht makers Baia in 2008. 

The sales manager from Baia was contacted by a yachting news website back in 2011 to ask about the History Supreme. Because, in fairness, Hughes never claimed he was a yacht maker. He’s a man who makes normal things extravagant. He could have taken a One Hundred from Baia and made it into History One, right? Not so fast.

Baia’s sales manager said those photos were stolen from their website and doctored. So they were not new photos of an altered boat, but altered photos of an old boat. Moreover, and this is crucial, he also pointed out what should have been obvious to anyone working in boating news. If Hughes added 110 tons of gold to the boat, how the heck was it staying afloat?

The One Hundred has a displacement of 80 tons as is. Imagine adding an extra 110 tons of gold on top of that. There’s just no way. It would sink to the bottom like a stone. And honestly, how would that boat even work? Gold on the outside hull would get scraped off, assuming people didn’t strip it in the middle of the night. And a gold anchor? You’d risk the gold getting scraped and knocked off every time you used it. It just doesn’t make sense. 

While it seems like a cool story at first, I have to say it’s just beyond reason. It doesn’t make sense. No one has seen the boat in over a decade. Only four photos exist and they seem to have been photoshopped. And, finally, science itself stands in the way of the boat even working with the sheer mass of gold that’s supposed to be on board. For those reasons, we have to call this one a straight up hoax. There is no History Supreme.

The Bottom Line

For over a decade now, numerous websites have claimed History Supreme as the most expensive yacht in the world. But since no one has seen the yacht in over a decade, the pictures are apparently photoshopped, and it’s far too heavy to even work as a boat as it’s been described by the man who allegedly made it, we’re saying that the boat is just a hoax and never existed in the first place. 

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My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

Categories : Yachts

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Angel A on December 18, 2022

I’ve read about 10 000 kg gold, not 100 000. 100k is beyond ridiculous. Even 10k is. Here’s why: https://www.bbc.com/news/magazine-21969100

“His figure for the overall amount of gold in the world is 155,244 tonnes – 16,056 tonnes, or 10% less, than the assessment by Thompson Reuters GFMS. A relatively small disparity, perhaps, but one that at today’s prices comes to more than $950 billion.”

So 16 tonnes are 950 billion dollars… how about that? ;-))

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Anon on July 8, 2023

It says 16 thousand tonnes, not 16 tonnes.

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The Real Costs of Owning a Superyacht [Complete Guide]

The Real Costs of Owning a Superyacht [Complete Guide]

November 25, 2019 1:00 pm

Owning a  superyacht  is a status symbol available only to the world’s wealthiest individuals and corporations. Although there is no strict definition, the Red Ensign Group Yacht Code is applicable to “motor or sailing vessels of 24 meters in load line length and over…and which, at the time, is in commercial use for sport or pleasure and carries no cargo and no more than 12 passengers 1 .” There are currently just over 10,000 superyachts in the world with around 200-250 new builds delivered each year. The vast majority are  motor yachts , with sailing yachts counting for less than 20% of the total. The world’s largest private vessel, Khalifa bin Zayed Al Nahyan’s 180m (590-foot) AZZAM,  cost $600 million to build when it was delivered in 2013. Eight of the ten most expensive luxury acquisitions of all time were superyachts.

history yacht cost

Purchase Cost

Buying a new or used superyacht will most likely cost the buyer several million dollars. Pricing varies widely based on the yacht size, age, and other factors such as builder, guest capacity, speed, range, and more. The market is worldwide and extensive. Any potential buyer would be well-advised to engage a professional, certified broker to guide them in the selection of their dream yacht and through the myriad of complications in making the purchase.

  • • Financing the Purchase
  • • Immediate Post Purchase Costs

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Operating Costs

In years past, owners and their brokers would work on 10% of the purchase price as an estimate of annual operating costs, but the vast range of yacht size, operating location, and usage profile makes this approach less useful without giving the question more thought. Building a budget for a yacht requires consideration of the following elements:

Crew – Salary, payroll taxes, recruitment fees, uniform, health insurance, food, and travel for vacation and repatriation are all crew-related costs. A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. Using their most recent article as a guide, a crew of eight full-time crew on a 150-foot yacht will cost over $650,000 per year in salary alone. Get a complete crew cost breakdown.

Dockage – Unless the owner plans to spend the year at anchor, then keeping the yacht in a marina incurs a significant cost. Dockage is normally sold per foot of the yacht’s full length and per night, although contract rates for longer periods may be available. High-quality marinas in peak seasons are currently running in the $6-8 per foot per night range. Electricity, fresh water, and waste removal are all additional costs to be considered.

Fuel – The captain or engineer should be able to provide the fuel consumption per hour at any given speed, so if a yacht owner knows roughly how much he wants the boat to travel, then he can estimate the total fuel consumption and budget the fuel cost. There is also the fuel cost for generators, particularly at anchor. A typical 150-foot motor yacht cruising at 12 knots will consume in the region of 150 U.S. gallons per hour. At today’s fuel prices, that’s going to be close to $500 per hour. 500 hours per year will give us the main engine fuel budget of around $250,000. To this, we must also add the generators’ fuel consumption at anchor plus any additional cost for tenders.

Communications – Everyone onboard, crew and guests, want to remain connected to their social media, streaming services, and email. The technology available in this area moves fast and with 5G coming online, near-shore costs will likely come down. For those who want broadband speed while offshore, costs are high and depend on the upload/download speeds required. Start with an estimate of $4-5,000 per month and work from there. Additional communications costs include satellite TV subscriptions, crew cell phone costs, mail, freight, and more. Get a complete communication cost breakdown.

Maintenance, Consumables, and Other Operating Costs – Having considered crew payroll, marina costs, fuel, and internet, the budget will start to materialize. One must take all other costs into account, such as hull insurance, liability insurance, maintenance and consumables, warehousing, safety and survey costs, upkeep of the navigation outfit, computing support, car rental, and more.   

Looking for more details?

Receive the complete Cost of Yacht Ownership Guide including:

  • • Offsetting Expenses With Charter
  • • Superyacht Financing
  • • Budget Development + More

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This should not be considered a financial guide. For a more accurate estimate, contact Clive McCartney .

1 Red Ensign Group Yacht Code Section A 1.2(1) 

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Cocktails & Canapés at 37th America’s Cup [S/Y SEAQUELL] Thursday, August 29th | 19:00-21:00 Denison Yachting cordially invites you to an evening of cocktails and canapés aboard the Sailing Yacht SEAQUELL during the 37th America’s Cup Round Robins at Port Forum. Enjoy a relaxed gathering on board, set against

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85′ azimut 2006 sold by florent moranzoni [eva].

85′ Azimut 2006 Sold by Florent Moranzoni [EVA] EVA, an 85′ (26.82m) Azimut built in 2006, was sold by Florent Moranzoni, who represented the Seller. Special thanks to James von Eiberg of Bluebnc, who represented the Buyer. EVA can accommodate ten guests in four comfortable cabins, including a

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How Much Does a Yacht Cost? Unveiling Yacht Pricing

When considering the cost of a yacht, the question that often arises is, " How much does a yacht cost ?" Much like inquiries about the cost of homes, this question needs a more straightforward answer. Yacht prices exhibit a wide range of variation, influenced by size, style, age, finishing details, and geographical location. The price spectrum for yachts is astonishingly broad, spanning millions of dollars, given the many yacht sizes available. Before delving into the specifics of yacht costs, it's essential to address the fundamental query: " What defines a yacht? "

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Defining the Category of Yachts:

Defining the Category of Yachts

According to the Merriam-Webster Dictionary, yachts can be broadly categorized into sailing boats and motor-powered yachts . These recreational watercraft encompass many vessels, including sailboats for racing and large motor-driven craft for leisure cruising. While size is not an explicit definition component, it significantly influences the classification.

In the industry, boats measuring between 40 and 70 feet are commonly called " yachts ," though some include vessels as short as 33 feet in this category. Notably, the concept of superyachts has evolved. In the past, yachts as small as 80 feet were considered superyachts, but with the advent of much larger vessels, a length of 130 feet is now more commonly associated with this distinction . Beyond that, there are megayachts, typically starting at 165 or 200 feet.

The crux lies in the absence of rigid criteria; one person's modest 20-foot sailboat may be regarded as a luxury sailing yacht by another. Generally, a boat is called a gleaming private vessel measuring 40 feet or more .

Beyond Size: Amenities Aboard:

Beyond Size Amenities Aboard

While size is pivotal in labeling vessels as yachts, onboard amenities also contribute to the classification. Boats often feature cabins and heads below decks, facilitating overnight stays, a galley, and ample deck space for leisure activities .

The term 'yacht' has acquired connotations of luxury, particularly with the proliferation of enormous superyachts worldwide. However, luxury is not a prerequisite for yachts; a lively 30-foot trawler yacht may appear opulent to some, while others, like Jeff Bezos and the guests aboard his new $500 million sailing yacht Koru, might have a divergent perspective.

Understanding the Price of Yachts:

Understanding the Price of Yachts

Attempting to determine an average price for yachts across all categories proves to be an exercise in futility, given the vast range of yacht sizes, spanning from 30 to 300 feet, and the distinction between new and used boats. To provide a general overview, purchasing a small used sailing yacht for as little as $15,000 in the United States is possible, while small motor yachts may cost between $50,000 and $100,000 . Larger motor yachts or new 40-foot day boats can effortlessly reach prices exceeding $1 million . Superyachts, on the other hand, invariably command multi-million-dollar valuations.

Ongoing Ownership Costs:

The expenses associated with yacht ownership extend beyond the initial purchase price. Even for those considering smaller yachts, it's imperative to account for annual costs, including :

  • Marina Fees : Fees vary based on location and boat size, ranging from $5,000 for smaller yachts to tens of thousands for larger vessels.
  • Insurance : Typically, annual insurance costs amount to approximately 0.5% of the boat's value.
  • Maintenance and Repairs : Roughly 10% of the boat's value is allocated to care each year, with new yachts potentially incurring lower expenses.
  • Fuel : Costs fluctuate depending on cruising distance and yacht size.
  • Crew : While yachts up to 70 or 80 feet may not necessitate a team, larger vessels require more extensive staffing. Crew salaries range from $3,200 monthly for junior crew members to $10,500 monthly for captains and chief engineers.
  • Depreciation : New boats experience the most significant depreciation, often losing 40 to 50% of their initial value within 8 to 10 years.

Categories of Yachts Based on Cost:

When discussing yachts and their price points, size usually takes center stage. Nevertheless, the style, engine size and finishing touches substantially influence costs . This examination will investigate average price disparities between new and used yachts in the United States, categorized by size.

Small Yachts (25 to 40 feet):

Small Yachts (25 to 40 feet)

Small yachts, typically around 40 feet, fall within the realm of cabin cruisers and represent an entry-level option above smaller day boats. These vessels often feature cabins, heads, and small galleys, offering opportunities for weekend getaways . Prices vary considerably based on whether the yacht is new or used and factors like the model, finish, and engines. New and recent models of 38 to 40-foot boats may range from $250,000 to over $1 million , while older models often carry significantly lower price tags. According to the Boats Group Market Index of 2022, the average price in the United States for all new and used yachts measuring between 36 and 45 feet was $238,000 .

Smaller yachts, ranging from 25 to 30 feet, typically lack cabins and are considered day cruisers. Motor cruisers within this size bracket can cost anywhere from $70,000 for nearly new models to well over $100,000 for brand-new ones . Variations in engine size and layout complexity will impact prices, with premium finish and accommodations commanding higher costs. For instance, a new Ranger 29 (a pocket trawler) starts at over $350,000 .

Medium-Sized Yachts (40 to 70 feet):

Medium-Sized Yachts (40 to 70 feet)

Mid-sized yachts within the 40- to 70-foot range exhibit a price range extending from approximately $250,000 to over $4 million . This pricing spectrum hinges on size, model, finish, engines, additional features, and whether the yacht is new or used. The Boats Group Market Index 2022 reports that the average price of vessels measuring 46 to 55 feet in the United States was $467,899 , with 2,273 boats sold. The average price in the 56 to 79-foot category was $1.18 million, with 997 yachts sold in 2022 .

The cost of a yacht is substantially influenced by whether it is new or used. For instance, the base price of a new Viking 58 is $4.1 million, while a three-year-old model can be acquired for $3.5 million. A 10-year-old version may cost around $600,000 . For additional comparisons, one can explore new and used luxury yachts for sale.

Sailing Yachts:

Sailing Yachts

Long before the advent of combustion engines, sailing yachts or sailboats have graced the world's oceans for centuries. While contemporary perspectives often equate boats with luxurious motor vessels, sailing boats maintain their distinct identity . When assessing the price of a sailing ship, factors such as size, age, and finishing details come into play, resulting in valuations ranging from $5,000 to several million dollars , with superyachts commanding even higher prices. The largest sailing yacht globally is Sailing Yacht A, measuring 470 feet and costing an estimated $600 million .

For larger sailing yachts, particularly those around 100 feet in length, a " rule of thumb " suggests an approximate cost of $1 million per every 3 feet. Consequently, a 100-foot yacht might carry a price tag of around $30 million. As one descends the length spectrum, smaller, used sailing boats may be available at a fraction of that cost . A 55-foot boat with a few years of sailing history may sell for approximately $700,000 , while a new one could easily exceed $2 million. For older sailing yachts ranging from 30 to 40 years in age and measuring 30 to 35 feet, prices could be as low as $25,000 , while brand-new counterparts may exceed $250,000 in cost.

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Luxury Yachts and Superyachts:

Luxury Yachts and Superyachts

Superyachts rank among the most abundant vessels at sea and come with a substantial price tag. As mentioned previously, yachts measuring 78 feet (24 meters) or more are commonly categorized as superyachts, although the definition may extend to vessels exceeding 165 or 200 feet and even those over 300 feet. Operating such extensive vessels requires a full-time crew, significantly inflating overall expenses . According to some estimates, the cost of building a new, top-of-the-line custom superyacht can range up to $1 million per foot of length. Used superyachts command lower prices, with potential purchases of 10-year-old, 90-foot superyachts priced around $2.5 million . More recent models, less than five years old, tend to approach the $4 million range, while brand-new superyachts may cost around $9 million . Prospective buyers can explore listings for superyachts for sale worldwide.

Megayachts:

Megayachts

Upon entering the realm of megayachts, prices escalate in tandem with vessel length and interior volume. The largest megayacht globally, Azzam, measures 590 feet and boasts a construction cost of $600 million . Yachts in this class represent the pinnacle of luxury, offering features such as expansive swimming pools, helicopter pads, generous guest and crew accommodations, beach clubs, and much more. The upkeep costs for vessels of this size can surpass $20 million, encompassing crew fees, fuel, mooring expenses, insurance, provisions, and maintenance . To witness some of the world's most awe-inspiring superyachts and megayachts, one can refer to superyacht travel guides or search for megayachts for sale.

Final Thoughts: How Much Does a Yacht Cost?

In conclusion, understanding a yacht's cost entails considering various factors, including size, style, age, finishing details, and whether the vessel is new or used . These factors collectively determine the price range, extending from thousands of dollars to millions or even billions for the most extravagant superyachts and megayachts.

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  • Vessel ltinerary
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  • Maintenance
  • Capital Repairs & Reserves
  • Total Expenses =
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

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How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

history yacht cost

  • Cushioned seats
  • Underwater lights
  • Flybridge fiberglass hard-top
  • Recent engine and service
  • Joystick control
  • Cockpit shade with poles, freezer, and step-up box
  • Custom chairs
  • Coach roof overhang to provide shade
  • home theater setup
  • Freshwater wash area
  • Cockpit freezer and drink box
  • Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

  • 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
  • 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
  • 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

history yacht cost

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

  • 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
  • 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

history yacht cost

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

  • 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
  • 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

history yacht cost

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

  • 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
  • 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

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This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

  • 98′ 5″ AB 100 Price: $8,843,260 for 2018
  • 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

  • swimming pools,
  • water toys,
  • diving and fishing poles,
  • fully furnished rooms,
  • helicopter landing pads,
  • and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

  • What does your perfect day on the water look like?
  • How long will your average day on the water be?
  • Will it be more boating/watercraft focused or long cruise focused?
  • Will you use the yacht for fishing?
  • Will you be on the yacht every day of the week or just on weekends?
  • How many people do you hope to fit on the yacht?
  • Do you plan to stay on the yacht overnight?
  • Where will you dock the yacht?
  • How much boating experience do you have?
  • How fast do you want the yacht to go?
  • How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

  • The size of the yacht
  • The age of the yacht
  • The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

  • Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
  • Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
  • Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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How Much Does it (Really) Cost to Own a Yacht?

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The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

  • Below 50ft (15m): between 500K – 2,500,000 € / USD
  • Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
  • Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
  • Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

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Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

  • The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
  • The mooring fees which depends on the area but also on the boat size;
  • The crew, if you need it. The cost will depend on the frequency and the crew’s size;
  • The communication fees;
  • The food and beverages supplies;
  • All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

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Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

  • The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
  • The occasional maintenance operations in case of breakdown or damage;
  • The painting;
  • The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

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The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

  • 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
  • 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

  • Communication
  • Maintenance
  • Insurance premiums
  • Harbour fees
  • Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

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A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

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If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

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Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

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What is a Yacht Club? Benefits & Features Explained

Buying a yacht : the frequently asked questions, you might also like.

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What differentiates a yacht from a superyacht or a mega yacht?

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Chartering Requirements and Regulations: A Guide for Boat Owners

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What are the Fastest Cruising Catamaran on the Market?

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How Much Does a Yacht Cost? The Average Prices and Costs of Yachts

The UK has a long, rich maritime history and, as such, the yachting industry thrives in this country. Sailing is a popular hobby or pastime for many people, and for others it’s very much a lifestyle.

If you’re in the latter category, you might be looking to buy your own and be contemplating the cost of a yacht. There’s a huge variety of vessels available – from motor yachts to a sporting yacht – and the sheer amount of choice and variety of yacht sizes can seem bewildering.  There are also a number of additional costs to consider, such as  yacht insurance . This is something we can help you with at Admiral Marine.

How Much Does a Yacht Cost? The Average Price of a Yacht in the UK

While yachts are often regarded as synonymous with luxury, in reality they come in a startling range of sizes, designs, and prices. The average cost of buying a yacht in the UK varies considerably, according to a number of factors.

Whether you’re looking to buy a used vessel or a brand-new yacht, as well as the size and type of yacht you want, will all partly determine the price you’ll pay.

The average price of a yacht in the UK

Designed by Freepik https://www.freepik.com/

How Much is a Small Yacht?

At the cheaper end of the market, you should expect to pay a minimum of £10,000 for a small sailing model which will be functional but modest, with the price rising to £50,000 or more for a new, more sophisticated, motorised yacht.

If you’re looking for something more spacious with a range of additional features, mid-range yachts in the UK are often priced between £50,000 and £500,000. These boats may come with more advanced navigation equipment, refined interiors, and extra amenities. These are more suitable for experienced sailors who are prepared to spend more on their passion.

Larger, motor-driven yachts will set you back hundreds of thousands of pounds. For example, a new 50-foot yacht costs upwards of £200,000, whereas a 70-foot yacht or 100-foot yacht will set you back anywhere from £1 million to many times that sum.

How much is a small yacht?

How Much Does a Super Yacht Cost?

In terms of top tier yachts – or “super yachts” – these can cost millions or even tens of millions of pounds and upwards. These vessels are often enormous (ranging from 120 feet to 300 feet in length). They epitomise luxury and may have multiple decks, along with swimming pools, helipads and sophisticated entertainment facilities.

How much does a super yacht cost?

Yacht servicing and maintenance: the costs involved

While the upfront cost of buying a yacht is substantial, there are a number of supplementary fees that apply to yacht ownership. You can expect to pay between 5% and 10% of the yacht’s initial purchase price on such annual costs. Here are a few to consider:

  • Insuring your yacht is essential and the price will vary according to its value, its size and its intended function. We can provide insurance for a variety vessels, including  sailing yacht insurance and motor boat insurance . Contact us now to receive a  bespoke quote .
  • Maintaining your yacht. Additional costs might come in the form of engine servicing or repairs.
  • Finding the right place to dock your yacht is crucial and can be expensive, particularly in popular marinas. Annual mooring fees vary considerably depending on the location and the size of the vessel.

Owning a yacht is an aspiration for many people, but it’s important to bear in mind the costs associated with buying one.

You should begin your search having already established a rough budget, the size of the vessel you’d like to purchase and what you’ll principally be using it for. Otherwise, the yacht market can seem overwhelmingly diverse, making it difficult to choose the right model for you.

What is the average price of a yacht?

What is the average price of a yacht?

The average price of a yacht in the UK is difficult to determine due to the variety on offer. A yacht can cost anywhere from around £10,000 to several million pounds before you start to get into super yacht territory. That said, a mid-sized sailboat should cost you between £50,000 and £100,000.

What is the price of a luxury yacht?

The price of a luxury yacht depends on whether you’re looking for a high-spec sailing vessel or a “super yacht”. For the former, the price will be upwards of £1 million, while the latter could exceed £100 million.

How much does a yacht cost to rent?

The cost of renting a yacht varies enormously, depending on what sort of vessel you’re looking for. A mid-sized motorboat or sailing yacht costs around £400 – £1,600 per day, while a much larger, luxury yacht could easily cost around £10,000 per day.

Header Image Designed by Freepik https://www.freepik.com Yacht servicing and maintenance: the costs involved

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Admiral Marine is a trading name of Admiral Marine Limited which is authorised and regulated by the Financial Conduct Authority (FRN 306002) for general insurance business. Registered in England and Wales Company No. 02666794 at 1st Floor, One The Square, Temple Quay, Bristol, BS1 6DG

If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

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+44 (0)1722 416106 | [email protected] | Blakey Road, Salisbury, SP1 2LP, United Kingdom

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Social Security

Cost-of-living adjustment (cola) information ( en español ), cost-of-living adjustment (cola) information for 2024.

Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024.

The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately 7.5 million SSI recipients will begin on December 29, 2023. (Note: some people receive both Social Security and SSI benefits)

Read more about the Social Security Cost-of-Living adjustment for 2024 .

The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $168,600.

The earnings limit for workers who are younger than "full" retirement age (see Full Retirement Age Chart ) will increase to $22,320. (We deduct $1 from benefits for each $2 earned over $22,320.)

The earnings limit for people reaching their “full” retirement age in 2024 will increase to $59,520. (We deduct $1 from benefits for each $3 earned over $59,520 until the month the worker turns “full” retirement age.)

There is no limit on earnings for workers who are "full" retirement age or older for the entire year.

Read more about the COLA, tax, benefit and earning amounts for 2024.

Medicare Information

Information about Medicare changes for 2024 will be available at www.medicare.gov . For Social Security beneficiaries receiving Medicare, their new 2024 benefit amount will be available in December through the mailed COLA notice and my Social Security’s Message Center.

Your COLA Notice

In December 2023, Social Security COLA notices will be available online to most beneficiaries in the Message Center of their my Social Security account.

This is a secure, convenient way to receive COLA notices online and save the message for later. You can also opt out of receiving notices by mail that are available online. Be sure to choose your preferred way to receive courtesy notifications so you won’t miss your secure, convenient online COLA notice.

Remember, our services are free of charge. No government agency or reputable company will solicit your personal information or request advanced fees for services in the form of wire transfers or gift cards. Avoid falling victim to fraudulent calls and internet “phishing” schemes by not revealing personal information, selecting malicious links, or opening malicious attachments. You can learn more about the ways we protect your personal information and my Social Security account here .

History of Automatic Cost-Of-Living Adjustments

The purpose of the COLA is to ensure that the purchasing power of Social Security and Supplemental Security Income (SSI) benefits is not eroded by inflation. It is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year. If there is no increase, there can be no COLA.

The CPI-W is determined by the Bureau of Labor Statistics in the Department of Labor. By law, it is the official measure used by the Social Security Administration to calculate COLAs.

Congress enacted the COLA provision as part of the 1972 Social Security Amendments, and automatic annual COLAs began in 1975. Before that, benefits were increased only when Congress enacted special legislation.

Beginning in 1975, Social Security started automatic annual cost-of-living allowances. The change was enacted by legislation that ties COLAs to the annual increase in the Consumer Price Index (CPI-W).

The change means that inflation no longer drains value from Social Security benefits.

  • The 2024 COLA
  • The 2023 COLA
  • The 2022 COLA
  • The 2021 COLA
  • The 2020 COLA
  • The 2019 COLA

The 1975-82 COLAs were effective with Social Security benefits payable for June (received by beneficiaries in July) in each of those years. After 1982, COLAs have been effective with benefits payable for December (received by beneficiaries in January).

Automatic Cost-Of-Living Adjustments received since 1975

  • July 1975 -- 8.0%
  • July 1976 -- 6.4%
  • July 1977 -- 5.9%
  • July 1978 -- 6.5%
  • July 1979 -- 9.9%
  • July 1980 -- 14.3%
  • July 1981 -- 11.2%
  • July 1982 -- 7.4%
  • January 1984 -- 3.5%
  • January 1985 -- 3.5%
  • January 1986 -- 3.1%
  • January 1987 -- 1.3%
  • January 1988 -- 4.2%
  • January 1989 -- 4.0%
  • January 1990 -- 4.7%
  • January 1991 -- 5.4%
  • January 1992 -- 3.7%
  • January 1993 -- 3.0%
  • January 1994 -- 2.6%
  • January 1995 -- 2.8%
  • January 1996 -- 2.6%
  • January 1997 -- 2.9%
  • January 1998 -- 2.1%
  • January 1999 -- 1.3%
  • January 2000 -- 2.5% ( 1 )
  • January 2001 -- 3.5%
  • January 2002 -- 2.6%
  • January 2003 -- 1.4%
  • January 2004 -- 2.1%
  • January 2005 -- 2.7%
  • January 2006 -- 4.1%
  • January 2007 -- 3.3%
  • January 2008 -- 2.3%
  • January 2009 -- 5.8%
  • January 2010 -- 0.0%
  • January 2011 -- 0.0%
  • January 2012 -- 3.6%
  • January 2013 -- 1.7%
  • January 2014 -- 1.5%
  • January 2015 -- 1.7%
  • January 2016 -- 0.0%
  • January 2017 -- 0.3%
  • January 2018 -- 2.0%
  • January 2019 -- 2.8%
  • January 2020 -- 1.6%
  • January 2021 -- 1.3%
  • January 2022 -- 5.9%
  • January 2023 -- 8.7%
  • January 2024 -- 3.2%

IMAGES

  1. INSIDE "THE HISTORY SUPREME"

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  2. 12 most expensive things ever built

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  3. History Supreme Yacht

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  4. The 10 Most Expensive Superyachts in the World

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  5. History Supreme, The Solid Gold Yacht

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  6. Inside $4.8 Billion Yacht The History Supreme

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  1. The Midas Touch: $4.8 Billion History Supreme Most Expensive Yacht Ever

    We've seen some opulent yachts, but the 100-foot History Supreme takes the gold-encrusted cake. Stuart Hughes, a British purveyor of luxury gadgets, took a break from his role as an iPad alchemist to create the $4.8 billion superyacht, covered in platinum and gold from bow to stern.

  2. History Supreme Yacht Most Expensive: Exploring the Ultimate Luxury

    Factors of Supreme Value. The extravagant History Supreme yacht holds the title of the most expensive yacht in the world, with a staggering price tag of $4.8 billion. One of the key factors contributing to its supreme value is the abundance of precious metals used in its construction. Renowned luxury designer Stuart Hughes designed the History ...

  3. History Supreme: The £3 Billion Gold Plated Yacht

    History Supreme has been a well kept secret in the Superyacht Industry, which is understandable as the yacht itself is reportedly worth over £3 billion. Containing around 100,000kg of gold and platinum, History Supreme was designed by Stuart Hughes, the world renowned luxury designer, and took just over three years to complete.

  4. The World's Most Expensive Yachts—Including Some That Cost Billions

    Below, dive into the five reportedly most expensive yachts in the world. 5. Dubai ($400 million) Photo: Getty Images. This 531-foot yacht is reportedly owned by United Arab Emirates Prime Minister ...

  5. Yacht or Knot: History Supreme

    Have you ever seen a vessel of floating gold? The History Supreme is said to be the most expensive and arguably the most unique yacht ever built.

  6. Inside The Most Expensive Yacht Ever Sold

    The History Supreme yacht is the handiwork of British designer Stuart Hughes who per his website has also made such collectibles for the ultrarich as the world's most expensive suit, the world's most expensive iPhone, the world's most expensive model car, and a solid gold Rolls Royce Phantom.

  7. Stuart Hughes The HISTORY SUPREME

    Description The worlds most unique yacht â HISTORY SUPREME â probably the most expensive.This project was commissioned for Stuart Hughes of Liverpool U.K. from an anonymous leading Malaysian business man.At 100ft the yacht took 3 years to complete , a circa of 100,000 kilograms of solid gold and platinum were added to make this an exciting project.All features inc deck , dinning area , rails ...

  8. The $4.8 Billion Vessel: Here's What Makes History Supreme The Most

    The yacht History Supreme costs almost $5 billion for goof reason.

  9. What Is Yacht History Supreme? (The Fascinating Story Behind It)

    Yacht History Supreme is a luxury yacht constructed by the Australian company, History Supreme. It was designed by the British designer, Luiz de Basto, and is constructed from 100,000 kg of solid gold and platinum. It is said to be the most expensive yacht in the world, with an estimated cost of $4. 5 billion.

  10. Inside the $4.8 Billion History Supreme Yacht

    According to reports, History Supreme was purchased by Robert Knok and is the most expensive yacht ever sold.

  11. How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

    Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht. For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year. Obtaining quotes from various providers is essential.

  12. A Closer Look at the $4.8 Billion History Supreme

    A yacht that goes by the name "History Supreme" has you thinking that it contains lots of history either in its construction or decorations yet the only thing historical about the $4.8 billion yacht is the use of extinct bones. Stuart Hughes made the headlines eight years ago with the declaration that he had taken three years to complete ...

  13. The Creation And Legacy Of History Supreme Yacht

    Explore the design, construction, and luxurious amenities of the History Supreme Yacht. Learn about its history, controversies, and impact on the yachting industry.

  14. Bizarre Story of the History Supreme Yacht

    The big cost for the History Supreme was the solid gold and platinum. Hughes said he used 100,000 kg of precious metals to cover nearly every surface on the boat. The railings, the deck, the dining area, even the base of the boat was said to be wrapped in gold. Even the anchor was gold.

  15. Is the History Supreme Yacht Real?

    How Much is the History Supreme Yacht Worth? The boat is listed with a price tag of $4.8 billion, easily making it the most expensive yacht ever to exist. The next most expensive luxurious yacht would be the Eclipse, owned by Russian billionaire Roman Abramovich. The Eclipse mega yacht is valued at $1.5 billion, making it only a third of the ...

  16. The Real Costs of Owning a Superyacht [Complete Guide]

    Purchase Cost Buying a new or used superyacht will most likely cost the buyer several million dollars. Pricing varies widely based on the yacht size, age, and other factors such as builder, guest capacity, speed, range, and more. The market is worldwide and extensive. Any potential buyer would be well-advised to engage a professional, certified broker to guide them in the selection of their ...

  17. Bayesian (yacht)

    Bayesian was a 56-metre (184 ft) sailing superyacht, built as Salute by Perini Navi at Viareggio, Italy, and delivered in 2008. [9] It had a 72-metre (237 ft) mast, one of the tallest in the world. The yacht was last refitted in 2020. [10] It was in the legal ownership of Angela Bacares, wife of the technology entrepreneur Mike Lynch. [11] [12] It was at anchor off the northern coast of Sicily ...

  18. How Much Does a Yacht Cost? Unveiling Yacht Pricing

    When considering the cost of a yacht, the question that often arises is, "How much does a yacht cost?" Much like inquiries about the cost of homes, this question needs a more straightforward answer.

  19. The Real Cost of Owning a Yacht

    Buying a yacht is only the beginning expense; here's what you need to know about the cost of owning one.

  20. Superyacht Cost Calculator

    The yacht cost calculator and budgeting tool is based on data collected for more than 16 years and from over 17,000 clients.

  21. Average Yacht Prices: 18 Helpful Examples (Size 40'-130')

    How much do yachts cost? Let's look at yacht prices per size: SELECT 40-feet, 50-feet, 60-feet, 70-feet, 100-feet. These examples will quickly guide you.

  22. How Much Does it (Really) Cost to Own a Yacht?

    Here is everything you need to know about the real cost of yacht ownership and solutions to reduce its maintenance and operating costs.

  23. Sunk superyacht likely to cost insurers at least $150 million, experts

    The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm ...

  24. How Much Does A Yacht Cost

    How Much Does a Yacht Cost? The Average Prices and Costs of Yachts The UK has a long, rich maritime history and, as such, the yachting industry thrives in this country. Sailing is a popular hobby or pastime for many people, and for others it's very much a lifestyle.

  25. Cost-of-Living Adjustment (COLA) Information

    Cost-of-Living Adjustment (COLA) Information for 2024. Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024. The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024.

  26. Sunk superyacht likely to cost insurers at least $150 million ...

    The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm ...

  27. The Cost of Boat Ownership: Planning Your Budget for the Year

    Annual Fuel Costs: For a powerboat, expect to spend between $2,000 and $10,000 annually on fuel, depending on usage. ... Yacht Club Fees: Can range from $1,000 to $5,000 annually, depending on the club's amenities and location. Boat Loan Interest Rates: Remember, ...