So do the math.

How much does it cost to maintain a superyacht. In general superyacht owners should budget to pay around 10 of the vessels purchase price in annual running costs each year. This does not even account for maintenance costs either. Superyachts are large and luxurious needing a professional crew to help them run.

From routine maintenance to fixing blown motors and electrical equipment the annual cost can be extravagant but is part and parcel of owning such an expensive toy. For a moving superyacht youll be spending about 2000 an hour to cruise at around 18 knots. Towergate estimates that annual dockage fees run for 350000 insurance averages 240000 and maintenance and repairs can be in the millions as.

For a 60-foot 1 million yacht the cost of ownership would be around 10 of its value or 100000 per year said Peter Schmidt founder of United Yacht Sales. 80 ft boat 2 crew members 13000 per month. For a 55-meter yacht for example this would represent close to 3 million per year.

Currently the average superyacht costs 275 million. Therefore a 50 million yacht is likely to cost around 5 million a year to run and maintain. Using their most recent article as a guide a crew of 8 full-time crew on a 150 yacht will cost over 650000 per year in salary alone.

To cover the running and maintenance costs of a super yacht it is recommended that some 10-12 of the purchase cost is allowed. Using the same example of a 60-foot cruising yacht the cost of storage is approximately 2650 per month or 44 per foot plus utilities. Maintenance Repairs.

Crew is one of the largest expenses on a superyacht and critical to the owners enjoyment of their vessel. And thats when the vessel isnt moving simply running. How Much Does an 80 Foot Yacht Cost to Own.