Superyachts

Wansworth

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What do you do with one?Apart from giving some work to a whole army of people and shipyards and project managers I see from the interiors you have to buy at least four sofas to fill the lounge space so a certain amount of shouting involved unless you sit on the same sofa.With the level of sofisticación on the bridge is best not to suggest anything you could help with.Is the idea to get away from it all or is it basically a Willy waving excercise……..or a tax loss?
 
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LONG_KEELER

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We lived for many years on pier 3 Marina Bay Gibraltar. The superyachts used pier 1 and made fab windbreaks in a westerly.
I had a similar situation . Particularly useful when docking,

Often had first shout on stuff going to the tip and I had various tools and other stuff gifted.
Invited for drinks and tours etc., but for some reason the boats did nothing for me. Nice to see bespoke joinery and different woods though.
 

johnalison

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You could always have a go at ‘falling overboard’ as in Robert Maxwell.
I’ve just finished reading ’Fall’, an account of his life and demise, which is a great read if you like having your gob smacked. The question of how he succumbed was never settled, partly due to an inadequate first post-mortem. There is evidence that he may not have drowned, also that he clung to part of the ship as he fell, but his behaviour that night was strange, with him taking unusual measures to lock his cabin. There are even theories that Mossad did him in, but they don’t make sense. The experts only give a percentage opinion as to whether he slipped and fell or whether he jumped. On my own superyacht, I never go out in the middle of the night with no clothes on to relieve myself over the stern.
 

lustyd

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If it was a choice between a pointless superyacht in the sun and paying tax I’d take the boat every time.
 

Zing

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They are an insane expense, but for most of the owners that expense is an easily managed financial burden as it is for most of us of more modest means.

I’m not sure I would like to live in a floating stately home even if I could afford it, with staff buzzing around in your private space and all the recruitment and hassle of managing them.

It is an rare example of a marginal negative return on investment.
 

Stemar

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is it basically a Willy waving excercise……..or a tax loss?
In a word, yes.

I don't for a moment believe it's a smooth curve - you don't necessarily get less fun from a 30 footer than a 28, but the old saying that the amount of fun is inversely proportional to the size of boat definitely holds over larger differences, for most people, at least. Use an almost sensibly sized on as a home wherever you want it to play in the sea, yes, that could work, but how many actually do that?
 

capnsensible

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They are an insane expense, but for most of the owners that expense is an easily managed financial burden as it is for most of us of more modest means.

I’m not sure I would like to live in a floating stately home even if I could afford it, with staff buzzing around in your private space and all the recruitment and hassle of managing them.

It is an rare example of a marginal negative return on investment.
Envy is one of the 7 deadly sins.......
 

Wansworth

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My own experience of a super yacht was thirty years ago the in those days quite large yacht came alongside in Cowes.The owner was a nice bloke and we chatted but the paid crew was a sullen enervated type who was not sociable at all…a miserable old git?
 

Neeves

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They are undoubtedly expensive but if you have that sort of money what are the options if you want to spend it? And/or - if you have that level of funding and you don't spend the money what is going to happen to it.

It employs and gives many an income including the marina staff, employs people at Raymarine who built the equipment and the individual who does the laundry. The alternative - you pay more tax. You could be discreet and keep a low profile but I suspect its more difficult to distribute your wealth (without being noticed).

I don't dislike them, they are just part of the scenery and the owner is distributing his wealth in the way he wishes and not necessarily in the way the tax man thinks it should be distributed.

Frankly I think more of us should be able to decide how are taxes are spent. :)

Jonathan
 

capnsensible

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My own experience of a super yacht was thirty years ago the in those days quite large yacht came alongside in Cowes.The owner was a nice bloke and we chatted but the paid crew was a sullen enervated type who was not sociable at all…a miserable old git?
I wonder what his forum user name is?
 
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