Portofino-Harbour-Berth

The Real Cost of Celebrity Mega Yachts

Turn the key of a 71-meter-plus yacht and 10 minutes later you will have spent $540 on fuel, according to research by yachting Web site Superyachts.com . Cruise to Porto Cervo in Sardinia in your 50-meter boat, and a berth in the marina will cost you over €2,500 a day, according to Swiss yacht management company Floating Life.

Owning a super yacht is obviously an expensive hobby. Super-yacht prices range from around $3.5 million for a 30-meter boat to more than $135 million for a 71-meter-plus mega yacht. But few people realize how the running costs can mount up.

Operating a yacht costs approximately 10% of the initial value of the boat every year, according to Tork Buckley, the Côte d’Azur-based editor of The Yacht Report. But this does not take into account unanticipated expenses, breakdown, berthing and accessories, which can easily raise costs by another 10%.

We found this handy infographic at Towergate that breaks it down:

Kimberly Varney

Cleaning a Rare Book Collection

The favorite place for the family to gather in the winter is the library; It’s cozy and warm. There’s an 8 ft Victorian fireplace,

Kimberly Varney

Red Carpet Arrival

There are a number of cultural traditions that surround red carpet events in Hollywood. Both event attendees and television viewers have come to expect

Lamar Ramsey

The Weight of the Estate

Estate Managers, also called Majordomos or Director of Properties, manage the estates of wealthy families or individuals. Estate Management positions are some of the most highly sought after positions for Household Managers in the industry.

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