The Haves and the Have-Yachts
Luxury ships attract outrage and political scrutiny. The ultra-rich are buying them in record numbers.
via The New Yorker: https://www.newyorker.com/magazine/2022/07/25/the-haves-and-the-have-yachts
Nobody pretends that a superyacht is a productive place to stash your wealth. In a column this spring headlined “a superyacht is a terrible asset,” the Financial Times observed, “Owning a superyacht is like owning a stack of 10 Van Goghs, only you are holding them over your head as you tread water, trying to keep them dry.”