The charity Oxfam says the millions spent on superyachts could instead vaccinate entire countries.
Wealthy people have so far spent more than £1bn on superyachts in 2021 as they seek to escape Covid lockdowns and travel restrictions, according to a luxury lifestyle publisher.
The trend towards buying superyachts, which started last summer, is the "hottest sales streak on record", Boat International said.'Avoiding land' While the pandemic had made it more difficult for rich people to jet to the Mediterranean and cruise around, he said, "it's a minor inconvenience in the scheme of things".More than 50% of superyacht sales are in the US, he said, so people there could cruise in US waters, avoiding travel restrictions.
The three biggest yachts sold second-hand this year were Solo, at just over £54m, Elixir, with an asking price of £33.5m, and Lady Sheridan, with an asking price of £24.7m.Oxfam said the £1bn spent on second-hand superyachts in 2021 was enough to fully vaccinate entire countries.
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