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The Guardian - UK
The Guardian - UK
World
Rupert Neate Wealth correspondent in Monaco

World’s richest celebrate end of summer at €4bn Monaco yacht show

A yacht at the Hercules Port this week during the annual yacht show in Monaco.
A yacht at the Hercules Port this week during the annual yacht show in Monaco. Photograph: Valéry Hache/AFP/Getty Images

“Change the TV channels now,” the captain of a $95m (£85m) Albatross superyacht calls out to a deckhand. “That guy has probably lost two mil in the last two minutes and we’re trying to convince him to drop 95.”

“That guy” is a prospective buyer of the 72-metre long vessel floating in Monaco’s Port Hercules where the world’s richest people (and their entourages) have gathered this week for the annual yacht show. With more than €4bn (£3.5bn) worth of marine luxury on display, it is as brokerage firm Burgess puts it: “The chicest way for billionaires to celebrate the end of summer”.

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