Demand for superyachts on the rise
 

"We've gotten the strongest forward order book that we've ever had. It's the best outlook we've ever had since we've started the company," said Toby Allies, Sales and Marketing Director for Pendennis, a leading British manufacturer and re-fitter of superyachts.

Amid the global recession, the worldwide market for luxury goods has plummeted over the last year, expected to shrink 10 percent for 2009 according to global business consultants Bain & Company.

A few sectors, though, have shown surprising strength and even growth amid the downturn, including British-made superyachts.

The British market for superyachts grew more than 15 percent during the fiscal year ending June 1, 2009, according to a new survey. Overall revenue increased to a record $663 million (£410 million) and jobs across the industry increased five percent, according to Superyacht UK, the trade group

http://edition.cnn.com/2009/WORLD/eu...aco/index.html




wonder how many of these bad boys will vanish in the next couple years.

Rich customers are the best kind.

Rich customers are the best kind.

was there any mention of Donny Long and his super houseboat in that article?

that's like 8 boats. if you can't find 8 customers a year, you are in deep shit regardless.

:1orglaugh:winkwink:

Nice looking yachts. Nice.

:1orglaugh

Probably just people holding off on their purchase till now

have one on lay away. should be paid off by 2255

AKA its safe for the ultra-wealthy to stop pretending like they were actually harmed during this fabricated great recession.

Or it's the newly ultra-wealthy that were smart vultures.

You choose.