The biggest competition has come from Florida, which in 2010 capped its sales tax on yachts at $18,000. Since the law took effect, sales-tax revenue soared and the number of yachts registered there increased 28 percent between 2010 and 2012, according to Boasting seven decks, two pools, multiple hot tubs and a 275 square metre master suite, a new record-breaking superyacht is set to redefine the limits of luxury boat building. Costing £788million to build and measuring 222 metres in length, when completed “It’s not the biggest, but it’s definitely one of the nicer ones.” About 20 of the 50-or-so largest yachts in the Yacht & Brokerage Show in Miami last month are on display in Palm Beach this week. Among captains who have done both, they preferred The Oyster 118, drawn in partnership with Humphreys Yacht Design, will be 35 metres in length and will offer 700 square metres of interior space, enough for a total of 12 guests supported by six crew. Oyster chief executive David Tydeman said: “We have The Island Sailing Club (ISC), organisers of the J.P. Morgan Asset Management Round the Island Race, has reached agreements with the Royal Southern Yacht Club in Hamble and the Royal Lymington Yacht Club to act as HUB Clubs for the duration of the Race wee In 1985, a mega-yacht was considered to extend beyond 100 feet in length. At the time, there were only 300 vessels of this size traversing the seas. Today, the largest 100 yachts in the world are at least 225 feet long. Even this size is starting to look a .
Italian shipyard Arcadia Yachts named Eletek Technology as its exclusive dealer for Greater China and Eletek predicts that 15 Arcadia boats will be sold there during the next five years. The first show for Arcadia and its Arcadia 85 will be the 2015 Hong The world’s super yachts are some of the biggest and most expensive toys of the super rich, floating palaces with unique features that can carry price tags into the hundreds of millions. Super yachts are privately-owned vessels that have professional has entered the largest single sailing race in the world and the fourth largest participation sporting event in the UK. This year, a record of sixteen Clipper Events yachts will compete, including the newest fleet of twelve Clipper 70-foot ocean For some billionaires, when it comes to buying a yacht, bigger is always better. Tech billionaires definitely don't disappoint. Megayachts belonging to entrepreneurs like Larry Ellison, Mark Cuban, and Paul Allen are among the biggest privately owned boats .
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