January 17th, 2023
44 RECENT SUPERYACHTS SOLD BY ALLIED MARINE
143’ LARGEST ALLIED MARINE BROKERAGE SUPERYACHT SOLD IN 2021
40+ YEARS: THE NUMBER OF YEARS ALLIED MARINE HAS BEEN SELLING SUPERYACHTS
SUPERYACHT MARKET OUTLOOKMuch of the demand for superyachts comes from the United States, where surging stock markets, IPOs, SPAC transactions, and crypto profits have produced trillions of dollars of wealth during the pandemic. The United States currently has 500 more billionaires than it did before 2020, and anticipates 2,755 by the conclusion of the year. (Forbes)
And even with recent market volatility, the fact is the past few years have generated huge wealth gains and expanded the number of HNW and UHNW individuals both domestically and globally. According to Boat International’s Global Order Book there is 24.7% increase with total of 1,024 projects under construction or on order, up from 821 last year.
The sheer quantity and size of vessels under construction is unparalleled, ranging from Jeff Bezos’ new 416’ yacht to Project Black Shark, named for its shark-inspired superstructure, a 252’ superyacht.
By 2026, the total length of superyachts slated for delivery will exceed 24 miles. (Boat International’s Global Order Book)
Superyacht buyers flocked to shipyards in reaction to tightening security and travel restrictions throughout the world, with buyers viewing superyachts as private, Covid-secure floating islands.