The sale of new superyachts, yachts over 100 feet long, plummeted by 17% in 2023, according to SuperYacht Times' State of Yachting report, CNBC reports.
The sale of new superyachts, yachts over 100 feet long, plummeted by 17% in 2023, according to SuperYacht Times’ State of Yachting report, CNBC reports.
A buyer of a new yacht 200 feet or longer today will have to wait as long as four years due to backlogs stemming all the way back to the coronavirus pandemic. The average length of a Saudi-owned superyacht is 202 feet, slightly longer than the 200 feet of a Russian-owned superyacht, according to the report. Americans’ superyachts average 177 feet long.
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