Fractional Ownership

Monaco Yachts

Private Yachts

Sea and rich people: where else to find a better combination than in Monaco! A real yacht parade can be admired throughout the year in the Hercule Port besides the local yearly yachting events. From imposant, big-sized ones to neat, small, jewel yachts. If you are a yachting amateur or if you are hardly interested in the matter (as I was before seeing this impressive display) you will find something to like here.

There is a restraint, exclusivist rich group that has a thing for yachting, mainly because they can afford to! You and I, we both know that we'd like to own even a small, "unpretentiuos" sailboat, don't we? And have at least once dreamed to relax on the deck of a luxury yacht in Monaco. But, hey, who needs a yacht in a so busy world? Do we wake up in the morning with nothing better to do than dress in white completely (maybe some blue too), have our cafe au lait (maybe a croissant also if not on diet) and go to the quay ordering around the employees to rub up better that side? We certainly don't! If you say you do, that's another story!

What better place (and object) for a competition: who has the bigger, more expensive model, envies arise, disputes start... Shirley Bassey reportedley complained of the big size of "Le Grand Bleu" belonging to the Russian billionaire Abramovich. The yacht appearantly spoiled the view on the port of her uphill apartment. Well, what else would you like rich people to do?...

Besides occasional cruises and constant care some rich peolpe find a practical use to their yachts: some rent them, others live there. Owning a yacht can be extremely useful if you are a tax exile, especially UK citizens who live in Monaco but work in the UK. Renting is very profitable, especially during holidays season or when big events happen in Monaco: prices go from EUR25,000 per week to EUR365,000 per week, depending on the size and facilities.

Some of world's famous yachts rest in the waters of the bay. Some of them are so big that they have helicopters on their top decks. Among worlds' 100 largest yachts are:

* Octopus - owned by Paul Allen, the Microsoft cofounder;
* Tatoosh - owned also by Paul Allen;
* Atlantis II - owned by the Niarchos family, descendants of Onassis’ rival Stavros;
* Le Grand Bleu - owned by the Russian billionaire Roman Abramovich;
* Delphine - owned by the American car magnate Horace Dodge;
* Montkaj - owned by Prince Mohammed bin Fahd, son of Saudi Arabia’s King Fahd.

Following its policy of capitalisation of all (though scarce) natural resource, the Principality quickly became aware of the potential of the Hercules Bay and started a yachting tradition. There is a Yacht Club founded in 1953 by Prince Rainier and it was all along supported by himself and his son Albert, who is also its President. The Yacht Club de Monaco gained international fame attracting worlds' greatest names in sailing to came and do battle on the Monegasque waters.

Naturally, there are also prestigious yachting events of international interest, excellent opportunities for yacht owners all over the world to show off. There is Primo Cup – Trophée Credit Suisse, Challenge Inter-Banques, Monaco Classic Week, Fête de la Mer, Régates Corporatives, Monaco Yacht Show. The events are organised with the support of H.S.H. Prince Albert I and of H.S.H. Prince Rainier III. All of these events have display and competitions parts, except for Monaco Yacht Show which is the greatest in-water yacht exhibition in Europe, without competitions show.

So, rich or less rich, you can enjoy for free at least a great show if you happen to be in Monaco at the right time. Welcome aboard!

About the Author

Laura Ciocan writes for http://www.ilovemontecarlo.com/ where you can find all you want to know about living in Monaco

Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared: mailto:lauracio@gmail.com