Asked in Yachts
How much does a yacht cost?
May 06, 2010 2:04AM
Cabin Cruisers can cost as little as $15,000 when purchased used. The price goes up as the features and length of the yacht increases. A 65' luxury yacht is advertised on the web for $2,199,000.
In 2009, a new 20-foot cabin cruiser cost under $50,000, a 30-foot weekender yacht cost around $200,000, 50-foot cruisers were around $1,000,000, and 100-foot plus yachts ranged from $8-10 million.
According to an article in Forbes, the most expensive yachts in 2005 had an average price of $64.37 million. with the most expensive, a 280 foot mega yacht, costing $103 million. The least expensive, a 157 footer, was $24 million. Since those are 2005 prices, it's safe to assume that the costs would be noticeably higher now.
Ongoing costs of owning a yacht are quite high and need to be considered before purchasing one. It wouldn't be any fun to purchase one only to find out that your budget didn't allow the costs of maintaining it and taking it out on the water!
How much do yachts cost? J.P. Morgan once told Henry Pierce "You have no right, or business owning a yacht if you ask that question." Seems a little stearn, and there's no harm in asking, but it seems like Morgan does have a point.
100 footers will run about $10 million and 160 footers will run about $40 million. I know that the annual maintainence cost of a 150' Feadship is $800,000. However, it is chartered 5 times a year at $150,000 a week. Chartering can offset cost if one is lucky.