August should be the high season for yachters lounging off the coast of Italy. But this summer, many are staying clear to avoid a new threat: tax authorities. Yacht brokers say that mega-yachts sailing off the Tuscan and Amalfi coasts have been increasingly targeted by tax inspectors looking for re… [read more]
Italy has a public debt of nearly 2 trillion euros, and it’s cracking down on its notoriously wily tax evaders. Owners of luxury yachts are a prime target, with tax police launching dockside raids to see how individual tax files line up with owning and maintaining an expensive boat. But yachts… [read more]
Knowing the type of boat we wanted, and the various makes under consideration, we began to visit various brokers in earnest and attend boat shows. We quickly realized that no two dealers are the same and every boat had their strengths and weakness – thus making the decision process that much mo… [read more]
In April of this year, we purchased a Sea Ray from Peter Quintal. It has been one of the most enjoyable and exciting experiences in my life. Having purchased a home in Harbor Island on the water that included a 74′ dock, I maintained that I never wanted the trials of boat ownership and would just si… [read more]
Recreational boat and yacht sales regained some momentum in July, settling into a healthy pace of growth and providing more clues about the location and durability of the yachting industry’s recovery. Aluminum pontoon and fishing boats continued to be reliable gainers, but the best-performing… [read more]
Dear Bob, Twelve years and four boats later, Ron and I just wanted to say thank you for all your research, leg work, expert opinion, follow up, and most of all — your absolute willingness to do whatever it takes to make sure we are satisfied yacht clients. We would never have had the many wonderful… [read more]
Maryland Marina Struggles Susan Zellers, executive director of the Marine Trades Association of Maryland, and Hamilton Chaney, president of Herrington Harbour North Marina, stand on a yacht with several empty dock spaces behind them. They say the spaces are empty because Maryland excise taxes… [read more]
There are fewer boat and yacht dealers today than in 2007 — the numbers floating around indicate about 35-40% fewer — and although people aren’t turning out in droves to buy boats, yacht dealers appear to be realizing the fruits of the discipline imposed on them by what many have called the yachting in… [read more]
Two years after debuting the super-sleek LSX92 megayacht, Lazzara Yachts is building its replacement, the LSX95. A past Lazzara owner, who has owned 2 of the Tampa, Florida-based builder’s yachts to date, commissioned Hull #1. LSX95 features the same emphasis on express/sprot lines and a fixed h… [read more]
While the overall number of brokerage boats and yachts sold in the United States increased 1% in July 2012, big-yacht sales declined significantly compared to July 2011. According to reports by YachtWorld.com member yacht brokerages in SoldBoats.com, the total volume of sales grew from 3,116 to… [read more]
Russell W. Schafer was born in Fort Lauderdale, Florida and spent his summers in the Florida Keys, later relocating there. He was raised by a true yachting and fishing family. As a third-generation waterman, he learned a great deal about the yachting industry at a young age running boats, at fishing… [read more]
COMING SOON: The highly anticipated debuts of the Azimut 55S yacht and the Magellano 43, as well as a new 132′ Benetti Superyacht Italian yacht yards will be pushing their wares hard at the 2012 Cannes Boat Show this year, after the Azimut Benetti Group announced it would be bringing 22 boats an… [read more]