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

A New Spin on an Old Driveway

One of the many, many, hoops we were required to jump through in order to get approval for some design and use updates for an historic Georgetown property, was to find a solution for parking in our very narrow driveway that would make it so that cars did not have to back into the street.

Kimberly Varney

Doing Time in the ATL

Gourmet lunch at Ecco, then window shopping at Ferragamo, Coach, and Donna Karan. Sneak in a quick manicure before drinks at a hip urban

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