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

Wynn Win // Loaning Fine Art

Whatever the reason your Principal may choose to loan a priceless work to a museum, as part of your due diligence as the Estate Manager, you should research and collect information on the transaction and create a detailed records file of the transaction.

Kimberly Varney

Madea Gets A Sweet Inside Deal

Tyler Perry’s ambitious plans to redevelop the now-closed US Army base at Ft. McPherson has much of the community up in arms. Rightly so,

Kimberly Varney

The Boys Are Back in Town

Vince, E, Turtle, and Johnny Drama partied for the cameras in Miami earlier this year during an Entourage shoot aboard the megayacht Usher in Miami.

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