Amid global turmoil, superyachts are selling more than ever. Here's why
CNN
The specter of global conflict lurks on the horizon. Energy prices are putting the squeeze on millions. Covid lingers. But at the yachting world's most glamorous event, it's business as usual.
Monaco (CNN) — The world is in turmoil. The specter of global conflict lurks on the horizon. Energy prices are putting the squeeze on millions. Covid lingers. But in Monaco, at the yachting world's most glamorous event, it's business as usual.
This week, superyachts with a combined value of somewhere near $3.8 billion gathered together in the azure waters of the tiny European principality for the 31st annual Monaco Yacht Show. And no amount of geopolitical anxiety could tarnish the glitz.
"All of the boats are here," Johan Pizzardini, head of communications and media for the Monaco Yacht Show told CNN Travel on the eve of the four-day event's grand finale. Some 118 superyachts were among the luxury vessels on display in the country's Port Hercule.
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