Over $87M apiece. I'd sell 4,500, then use the remaining 500 as the largest fleet of yachts that offer free yacht adventures to those who help clean up the ocean on their trips. A couple hundred would be devoted to helping coral seed the reefs.
You could drop the price to 100k. I imagine many relatively wealthy people would drop 100k for a yacht like that. Sell most of them, and you're close to $500 million
A yacht that costs $87 million, would cost almost $10 million dollars a year to run. A person who could only afford a $100k yacht, wouldn't even be able to afford to run it for a week, and in actuality wouldn't even be able to afford to take ownership of it.
I guess there are some retired people with $200 million+ that might find it hard to pass up a deal like that, but not 4,500 of them.
Yea, but I imagine they'll do the tour and figure out it might not be a realistic purchase when they see the 20+ crew it requires to run, and on a yacht like that the captain is making $250,000+/year.
It's not just maintenance. You underestimate how many people could afford to even dock a yacht like this for a month. Much less the $250,000 it costs to fill up the gas tank.
No I'm not. And by maintenance I meant anything other than upfront costs. Like there are A LOT of people living above their means without any financial planning. You think people that buy a luxury car with 10+ year lease can afford to repair their car if something happens?
If you buy a car, you're not usually hit with immediate maintenance costs. If you buy a 250 foot yacht, the maintenance costs, just to keep it floating, are equivalent to buying a brand new car each day. It's not even remotely the same. And you can't get a 10 year lease, so I'm not sure what you're talking about.
Yachts like this are very often put up for sale again within a few months of the original owner taking delivery, because the market for them is tiny, and they can take 5 or even 10 years to actually find a buyer. If you can only afford a $100,000 yacht, you can't afford to keep it in a shape where you would get $87 million for it. You wouldn't even be able to afford to dock it anywhere, you wouldn't be able to afford insurance, you wouldn't even be able to try and run it yourself and pay for the fuel required to power the generators to run the bare minimum of the necessary systems to keep it from completely going to shit. So, they can "plan" whatever they want, but that's not happening.
If it was originally $87M and that was dropped down to $100k, they'd have $86.9M "spare" to keep it running. If it's $200k per moth that is 43 months just until break-even. Also, the owner could already have billions in this scenario.
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u/Excellent_Farm_2589 5d ago
5,000 Yersin mega yachts
Over $87M apiece. I'd sell 4,500, then use the remaining 500 as the largest fleet of yachts that offer free yacht adventures to those who help clean up the ocean on their trips. A couple hundred would be devoted to helping coral seed the reefs.