The Most Luxurious and Jaw-Dropping Superyachts Showcased at the Monaco Yacht Show
Get ready for an awe-inspiring showcase at the Monaco Yacht Show, where the world's elite luxury yachting sector will witness an unparalleled gathering of colossal and exorbitant superyachts Don't miss out on this spectacular display! (303 characters)
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The Monaco Yacht Show, scheduled from September 27 to 30 this year, attracts the eminent figures in the global luxury yachting industry. They will gather to witness the remarkable spectacle of numerous colossal and exorbitant superyachts curated in a singular port. With an estimated attendance of 30,000 visitors, this event undoubtedly stands as the epitome of glamour in the yachting calendar for the picturesque French Mediterranean country.
Now in its 32nd edition, the prestigious superyacht show draws in prospective buyers, designers, builders, suppliers, brokers and superyacht enthusiasts from across the globe.
Magnificent display
New 50-meter superyacht Grey, built by Tankoa Yachts, is among the vessels making their debut at the show this year.
Julien Hubert, the superyacht consultant from TWW Yachts, points out that the bay is currently brimming with colossal yachts at anchor, all surpassing a length of 50 meters. He emphasizes that this is where the prominent yachts are currently stationed.
Johan Pizzardini, the Monaco Yacht Show's head of communications and media, considers the show to be the ultimate event in the industry. Held at Monacos Port Hercule for four days, it showcases 45 yachts that will be making their global debut. Pizzardini shared this exciting news with CNN Travel.
Half of the fleet is less than two years old, marking the pinnacle of the luxury superyacht market, which has been eagerly anticipated by the entire industry.
According to Monaco resident Royer, big industry players consider it highly unlikely to miss the show. She emphasizes that being absent from the event implies non-existence, allowing competitors to take notice and make assumptions.
"So everybody attends for brand awareness and visibility. "
Evolution of superyacht design
Built by Amels in the Netherlands, Entourage is among the new superyachts on show.
This year's remarkable selection of superyachts, which are yachts that measure over 80 feet (24 meters), features the 43-meter power catamaran named This Is It, skillfully crafted by Tecnomar - The Italian Sea Group Yachts. Additionally, there is the world's largest sailing catamaran, Art Explorer, a fascinating museum vessel with the ability to accommodate up to 2,000 visitors daily, which was expertly constructed at Perini Navi shipyard in Italy.
Pizzardini states, "This demonstrates the progress in yacht design and the purpose of a yacht."
"These yachts, Art Explorer and This Is It, are distinctively dissimilar from the motor yachts that we are accustomed to observing."
The Art Explorer, for example, is an innovative concept of a floating museum, showcasing various artworks while sailing as a luxurious yacht. Its presence at the yacht show adds uniqueness to the event.
The shift in yacht design is credited to the emergence of a younger generation of superyacht owners, according to Pizzardini. These new clients have entered the scene with a fresh perspective, bringing about a transformation in yachting. It is no longer just the realm of old money generations.
Sustainability focus
At 65.7-meters, Alchemy, a tri-deck superyacht built by Italian shipyard Rossinavi in partnership with London-based design studio Vitruvius, stands out as one of the highlights. Another noteworthy vessel is Grey, a sleek jet black and "whisper gray" vessel measuring 50-meters, built by Tankoa Yachts.
The 52-meter Baglietto T52, designed by Francesco Paszkowski Design, will also be on display.
Maurizio Paradisi
The T52 by Baglietto, measuring 52 meters in length, is the inaugural vessel in the Italian shipyards' T52 series to feature a hybrid propulsion system. Another notable addition to this year's lineup of superyachts is the No Stress Two, Rossinavi's first hybrid yacht spanning 49.9 meters.
The second superyacht in Amels 60 range, Entourage, was delivered earlier this year and is now being shown for the first time. Dutch shipbuilding company Heesen is presenting four yachts at the event: Amare II, Aurelia, My Loyalty, and VanTom. Lürssen, the German yacht builder, has the largest yacht on display, Carinthia VII, measuring 97 meters. Lady Lara, a 91-meter yacht that is up for sale, is also part of their lineup, with an asking price of $243.1 million.
The second-year return of the Monaco Yacht Shows Sustainability Hub features a revolutionary 3D printed superyacht concept that aims to achieve virtual invisibility while promoting sustainability and eco-friendliness.
Pizzardini acknowledges that sustainability has become a prominent topic this year, with numerous conferences dedicated to addressing the issue.
He confesses, "Ten years ago, our confidence in finding sustainable solutions was uncertain. Furthermore, being sustainable was considered an optional choice."
The solutions are now more practical and concrete, and the mindset has undergone a transformation.
Thus, it has shifted from being a choice in yacht development to becoming a crucial aspect in the current yacht construction process.
Sales dip
Italian shipyard Rossinavi will unveil diesel-electric motor yacht Alchemy, a collaboration with London-based design studio Vitruvius, at the four-day event.
Rossinavi
As per the Market Report 2023 published by SuperYacht Times, there were a total of 5,695 superyachts measuring over 30 meters in operation by mid-August. Despite a remarkable surge in sales during 2021, the market is now indicating a deceleration.
According to the report, new yacht sales experienced a 34% decline in the early weeks of September, while used yacht sales dropped by approximately 25%.
The report acknowledges that although the figures are expected to improve, the market's performance in comparison to 2022 is undeniably lagging. Moreover, 2022 itself was a considerably slower year following the exceptional market peak observed in 2021.
This $86 million superyacht concept is capable of gliding over the water, resembling flight. Nonetheless, it is not guaranteed that this decline will persist until 2024. In the event of economic stability and unchanged interest rates, there is a potential for the market to bounce back in the approaching year.
According to data from BOATPro, the brokerage market experienced a 20% decline in the total value of superyachts sold in 2022. Additionally, the combined asking price of boats sold by brokers also decreased. Pizzardini attributes this decline in sales to the "carpe diem mindset" of certain clients in relation to purchasing yachts during the Covid-19 pandemic.
"It's all about the context," he states. "The spike in demand two years ago can be attributed to the Covid era.
"There was an overwhelming surge. In comparison to the previous year, this year has still seen a robust demand for yachts. The anticipation for the current year is significant."
Monaco Yacht Show 2023 begins on September 27, and ends on September 30.
