Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays.
Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report.
Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report.
Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year.
There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.
Persons:
Dazert, Ralph Dazert, Robert Frank
Organizations:
SuperYacht Times, Times, of Yachting
Locations:
Times ', Russia, Ukraine, Eastern, Saudi