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At Burgess, we always go the extra mile to find your perfect yacht and are here to guide you every step of the way during the process of buying a yacht. From securing private viewings to sourcing the best luxury yachts for sale from around the world, our expertise is your guarantee.

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Buying a Yacht

The discerning buyer’s guide to purchasing a superyacht.

When you want to  buy a yacht , expertise and experience are paramount. Northrop & Johnson’s brokers have a unique and in-depth knowledge of the superyacht industry and have an unrivaled reputation for honest dealing. With the industry’s most comprehensive database of buyers and sellers, and access to the widest fleet of  luxury yachts for sale , our brokers are familiar with all the yachts on the market and always strive to find the perfect vessels for our discerning clientele.

Four Steps to Buying a Yacht

Looking to buy a yacht? From price and contract negotiations to the organization of surveys and sea trials to support with ownership structures and navigating legal complexities, Northrop & Johnson’s brokers are experienced in all aspects of yacht buying. You can expect a smooth purchase experience from start to finish, leaving you to enjoy the pleasures of stress-free yacht ownership.

Know The Type of Yacht You Want to Buy

Once you have made a decision to purchase a yacht, the next step is to determine exactly what type of yacht you are interested in buying. From  yacht builders , to hull types, to the different styles and their uses, there is a vast array of different yacht types available, each with a varying range of wildly different sizes, styles, performance capabilities, purposes and of course budget.

When considering a yacht for purchase, be able to answer the following questions:

• What type of experience and use you are looking for in your ownership?
• Are you interested in a new or used yacht?
• Do you prefer a custom built or semi-custom yacht?
• Are you looking for a high-speed performance weekend boat, or a genuine round-the-world blue water cruising experience?
• What size of yacht are you looking to purchase?
• How are you planning to use your new toy?

You can start by browsing through our yacht type guide (below) to view the different types of yachts available and how they might best suit your requirements.

Find the Right Yacht to Purchase

Once you have decided on the essential elements, speak to your Northrop & Johnson yacht broker. Your yacht sales specialist will begin the search for your perfect yacht. Armed with a better understanding of what each category of yacht has to offer, the opportunities and choices will fall into place. Your Northrop & Johnson broker will provide you with a shortlist of yachts, including those on the market and even in private use, some of which may not necessarily be on the open market.

Yacht Offers, Boat Negotiations, and Purchasing

Once you have found the perfect yacht to buy, your Northrop & Johnson broker will handle all offers and negotiations. The buyer and seller will then agree the sale and purchase contracts. Typically, a detailed agreement known as a Memorandum of Agreement (MOA) is drawn up and signed by both parties after your selection is made and finalized. Your Northrop & Johnson broker will arrange a buyer’s sea trial and condition survey. There may then be a negotiation and once an agreement is reached the necessary documents will be exchanged, the payment made and the sale completed.

Yacht Ownership

Northrop & Johnson will advise on yacht ownership and corporate structures and handle all the administrative documentation to help your transition into yacht ownership. They have access to a wealth of expertise, including legal and construction teams, yacht managers, insurance specialists, crew and charter marketing experts, should you be looking to recoup some of the running costs. Ultimately, our job is to ensure a smooth acquisition from start to finish and throughout your entire ownership.

The different yacht types

Defined as a vessel larger than 165 feet, a mega yacht is the ultimate luxury yacht in terms of size, facilities and services. Vast luxury megayachts can accommodate a large number of guests in the utmost superfluity and comfort. The ultimate in luxury yachting, these vessels feature anything and everything from gyms, spas, swimming pools and cinemas to discos, conference rooms and other exceptional amenities.

Large, spacious, stable and designed for pure comfort, a modern superyacht ranges in size between 100 and 165 feet and is the perfect luxury yacht for family cruising and first-time charterers. Superyachts feature an array of amenities, such as large toy chests full of watersports equipment and ample interior and exterior spaces for guests to enjoy. The most popular superyachts for charter are heavy displacement motor yachts that sit well at anchor and provide stability.

Performance motor yachts range in size between 80 to 100 feet; they are nimble and capable of cruising shallow-water locales. These yachts quell the “need for speed,” and offer beautiful lines and stunning designs. They are ideal for those who want to explore more of the coastline in a shorter amount of time and are looking for the real kudos and adrenaline that goes with the luxury superyacht lifestyle.

A modern sailing yacht is perfect for those who want the size, comfort and facilities of a motor yacht with the flexibility to open up the sails and experience the undisputed appeal of sailing on occasion.

A classic sailing yacht will appeal to those looking for a genuine sailing experience and who want to capture the real romance and thrill of yachting. These yachts’ facilities are focused around sailing qualities. As such these vessels may not offer the same space and amenities as a modern sailing yacht, but they are the superlative option for bona-fide sailors.

Many yacht owners are choosing to cruise off the beaten path and explore more exotic locales. Yacht builders are obliging by building explorer yachts with ice breaker hulls, tough decks and even extra freezer space for yachts that will be off the grid for a while. These yachts not only are expertly built and extremely safe, but they also provide comfort in all sea conditions and still feature all the luxurious amenities, if not more, as the average superyacht.

Available as both sail and motor, catamarans are best suited for those interested in shallow-water family style cruising. Thanks to a low draft, catamarans are particularly well suited for anyone who wants to discover often-overlooked (due to inaccessibility) locales. Catamarans are perfectly equipped for luxury and comfort and offer a great amount of space.

Sportsfish yachts are perfect for avid fishermen and outdoorsmen. These yachts are purpose-built for fishing. No matter if you’re a serious sport fisherman or if you and the family enjoy casting a line during weekend cruises, Sportfish yachts offer top performance and excellent seakeeping as well everything you need to reel in the big one.

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How to Buy a Mega Yacht

Mega yachts or superyachts are private luxury sea vessels designed for pleasure cruises and sometimes even full-time living. They are operated by an independent crew and maintenance team and can be either sailing yachts, motor yachts, or a combination. These premium boats are like floating palaces, often towering above 200 feet, with everything you could possibly need aboard. You’ll find that mega yachts exceed all expectations and their elegance, amenities, and power live up to their price.

Apart from the higher value and price, a mega yacht differs tremendously in size and features from a luxury yacht. Each one is unique, but they usually come with numerous amenities like a large swimming pool, a spa, a cinema, a gourmet kitchen, and even a large helipad. You’ll often find these vehicles have staff and services similar to top hotels around the world.

Guests can use all of this while cruising or while docked. These boats can access international waters and many exclusive locations with their prestige.

Most mega yachts are one of a kind with unique names, designs, amenities, and histories. They are so distinctive that there are even watch groups dedicated to spotting and tracking these mega yachts all over the world!

A Brief History of the Mega Yacht

These sea palaces began appearing in the 20th century when wealthy individuals sought private yachting with all the grandeur of a five star hotel. Seeing the demand, several naval architects and yacht builders worked on making large steam engine luxury yachts. The earliest superyachts became the precursor for modern models from shipbuilders like Princess Yachts, Northcoast Yachts, Heesan Yachts, and more.

Some Famous Mega Yachts and Their Owners

There have been many notable luxury mega yachts over the years, all owned by wealthy individuals. The largest expedition yacht, the Octopus, was built for Paul Allen, one of the cofounders of Microsoft. The heiress Emily Roebling Cadwalader owned the Savarona during the 1930s and 40s and was once used as a film set while in the North Sea. Others famous yachts include:

• The Rising Sun is one of the largest yachts in the world and was the name of the yacht used by Oracle CEO Larry Ellison.
• The Solaris was once the world’s largest yacht. Roman Abramovich is the rumored owner, but most of its development happened secretly.
• El Mahrousa has been in existence since the late 1800s, and it remains the presidential yacht of Egypt.
• The Ocean Victory is a Fincantieri superyacht owned by Russian billionaire Viktor Rashnikov and sightings of this vessel are rare.

Why Buying a Mega Yacht is a Great Investment

Yachts are an expensive asset in the world and many domestic and international tax implications come with their price. Knowing the ins and outs of any regulations and careful strategizing can allow a mega yacht to become a benefit for the owner. One of the main strategies for buyers is an active yacht ownership. In this scenario, the owner places the yacht in a charter program so it generates income. The income generated from the mega yacht charter reduces the tax cost of yacht ownership. Although the owner does have to share use of their yacht, it is at their discretion. Another part of the tax code is the hobby loss rule. An owner can offset tax implications if they demonstrate the ability and intent to make a profit for at least three of the past five years.

These strategies may require help from yacht sales professionals. You’ll need yacht management experts, like those from The Advantaged, to help you maximize any yacht ownership opportunity that comes your way.

Mega Yachts Increase in Value Over Time

Mega yachts do not depreciate in the same manner as other yachts for sale. Many of them maintain a premium and can even sell for higher prices later in their lives. The secret lies in maintenance and care. If an owner can keep their boat in pristine condition, they could sell it for anywhere from its original price up to 30% higher. Many of these vessels’ value comes from their history, quality, and make.

Selling a Dream Yacht and Realizing Gains

One of the concerns among buyers is if they can potentially gain from selling their vessel. There are some challenges present, like marketing and business needs. Getting a profit from it means being able to extract the value of the boats. Today, selling a yacht is best through companies like The Advantaged, which have expertise. We help people find the right yacht for them and can be skilled brokers for mega yacht transactions.

Buying Your Mega Yacht

One of the concerns that many people have is the amount of capital they need to buy a superyacht. One of the ways to take advantage of a good offer is to research exchange rates. If the euro’s value is relatively lower than it has been in the past, it makes sense to seek out European purchases at this time if your base currency is USD to maximize your money’s value.

Using Cryptocurrency

Alternatively, cryptocurrency is one of the most reliable ways to purchase the world’s high-valued goods like a yacht. The issue with some mega yacht sales is that it often takes time for transactions to finish. There are a lot of middlemen to deal with, and each of them has a list of fees. Cryptocurrency becomes a way for a buyer and seller to transact directly. It can mean lower prices and higher profits because there is no middleman involved. Transactions are also faster, with some realizing the right price in minutes.

Which Flag to Register Your Mega Yacht Under

It’s ideal for a luxury sea vessel or a global fleet to register under international flag marinas. These countries have a lot of businesses that search yacht assets for favorable tax situations and protection. These places have created businesses like shipyards and cruising lines to help people own and operate a luxury ocean vehicle without issue. The country you choose should be a part of the Paris White List. Countries on this list follow international standards and yachting requirements, ensuring you are complying with any and all laws.

Buy a Yacht in Miami with The Advantaged

The truth of the matter is not many people can actually afford a mega yacht. But this doesn’t mean you can’t have a luxury vessel of your very own! The Advantaged offers yacht brokerage services to help buyers find the perfect yacht for their needs and budget. We are very skilled at connecting buyers and sellers and can help facilitate a purchase where everyone is happy.

Buying a yacht is a detailed process, requiring experts who know how to deal with and work in the luxury vessel environment. Having The Advantaged by your side can make purchasing the boat of your dreams an easy and smooth process.

Please feel free to browse our current luxury yacht and other boat offerings here . If you have any questions, contact us today by calling 305-358-0745 or reaching out online !

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Did Mark Zuckerberg just buy this 118-meter megayacht? It is a tad shorter than Jeff Bezos' superboat

Earlier it was reported that mark zuckerberg visited feadship's shipyard in the netherlands. did he buy a superyacht just like jeff bezos.

Mark Zuckerbger might be the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida. The 118 meters long boat made its maiden voyage from Gibraltar to St Maarten last week. The boat is reportedly nine meters shorter than Jeff Bezos' superyacht Koru.

Read more: Deepinder Goyal's apology on Zomato's veg fleet uniform: ‘Listening without ego… you made us understand’

Although, Business Insider reported that the transaction could not be confirmed as yacht world insiders declined to share any details. Earlier reports about Mark Zuckerberg owning superyacht Ulysses have proven false.

The ship's builder Feadship told the outlet, "It is Feadship's standard policy to never divulge any information about our yachts with reference to ownership, costs, or delivery, etc. Whether it is an 18-meter Feadship from the 1960s or a 118-meter Feadship from the 21st century, we do not share private information.”

Read more: Microsoft AI’s new CEO Mustafa Suleyman is a college dropout: Top things to know

Mark zuckerberg's launchpad reports.

Earlier it was reported that Mark Zuckerberg visited Feadship's shipyard in the Netherlands. In March last year, yachting bloggers like eSysman SuperYachts and Autoevolution speculated that he officially bought the boat, originally built for a sanctioned Russian businessman, at a $300 million price tag.

Public marine tracking also said that the yacht bears the flag of the Marshall Islands, a US territory and commonplace for American buyers- which indicates Mark Zuckerberg's ownership. 

Read more: Sam Altman says he thought Elon Musk would have 'more empathy' for OpenAI: ‘Truly astonishing’

Which other billionaires have superyachts.

If reports are true, Mark Zuckerberg joins a cohort of superyacht-owning tech billionaires like Jeff Bezos, Oracle cofounder Larry Ellison and Google cofounders Sergey Brin and Larry Page.

More on Jeff Bezos' superyacht

Jeff Bezos has a $500 million superyacht, reports suggested. Named Koru, the colossal ship began cruising the Mediterranean around Mallorca as the 417-foot megaship first left Rotterdam in the Netherlands for sea trials in February and dropped anchor in Mallorca last year. 

Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered. ...view detail

• Mark Zuckerberg

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Compass Articles

• January 1, 2024

Mega Yacht Mastery: How to Buy One

The acquisition of a mega yacht is an endeavor that echoes the grandeur and precision of a masterful symphony. It’s an intricate composition of desire, discernment, and decision, a fine balance of luxury and logic. To navigate these waters successfully calls for expertise, experience, and an in-depth understanding of the yacht market. This is where Fly Yachts, with their wealth of knowledge and unwavering commitment to excellence, guide you to mastery in the craft of purchasing a mega yacht.

The Prelude: Understanding Your Aspirations

This majestic voyage begins with an understanding of your aspirations. Fly Yachts takes the time to delve into the depths of your yachting desires, ensuring that every recommendation aligns perfectly with your lifestyle, tastes, and the experiences you envision. They don’t just see a client – they see a visionary ready to make waves in the boundless command of the seas.

The Composition of Choice: Selecting the Vessel

Fly Yachts’ mastery in mega yacht selection is reminiscent of a conductor’s choice of the perfect orchestra. They serve as your skilled maître d’orchestre, presenting a harmonious collection of the world’s most exquisite yachts, each chosen for its ability to resonate with your unique vision. With a meticulous eye, they ensure that the chosen mega yacht embodies the pinnacle of craftsmanship, innovation, and elegance.

The Crescendo: Inspection and Evaluation

A detailed inspection and thorough evaluation form the crescendo of the buying process. Fly Yachts orchestrates this phase with the utmost precision, assessing every detail of the potential vessels to safeguard your investment. This crucial step ensures that the performance, safety, and condition of the yacht meet your standards and surpass industry benchmarks.

Negotiation Nuances: Striking the Right Chord

The art of negotiation is about striking a chord that reverberates with fairness and satisfaction. Fly Yachts exhibits prowess in this performance, ensuring that the investment you make is sound and attuned to the value of the vessel you seek. They navigate these nuances with skill, securing a deal that marks a high note in the overall process of mega yacht acquisition.

The Finale: Personalization and Delivery

With the main composition complete, the grand finale is the personalization and delivery of your sea masterpiece. This is where Fly Yachts shines, assisting you in customizing your vessel, making it an unequivocal extension of your ingenuity and essence. Their commitment to your vision continues to the point of delivery, ensuring a seamless transition to take command of your new vessel.

Encore: Ongoing Support and Guidance

With Fly Yachts, the relationship does not end when the keys are placed in your hands. Their ongoing support and guidance are an encore to the primary service, an assurance of enduring quality and contentment. They stand alongside you as you embark upon the sea, ready to provide expertise for every subsequent chapter in your yachting narrative.

In Summary: The Mastery of Mega Yacht Acquisition

The process of buying a mega yacht, with all its intricate nuances, is wholly demystified with Fly Yachts at your side. They elevate the experience from a mere transaction to an enlightened journey of discovery and fulfillment. As you step aboard your majestic vessel, the paths of dream and reality converge, thanks to the mastery and expertise of your trusted yacht brokerage.

For those poised to indulge in the complexities and celebrations of mega yacht ownership, allow Fly Yachts to lead the expedition. Every step taken with them assures a purchase punctuated with knowledge, bespoke service, and a steadfast commitment to achieving your grand seafaring ambitions.

Fly Yachts’ Frequently Asked Questions

How do i begin the process of buying a mega yacht.

Begin by assessing your nautical needs, preferences, and budget. Consult with Fly Yachts for tailored advice, and explore a range of available yachts that align with your vision of luxury and performance.

What are the most important factors to consider when choosing a mega yacht?

Consider the yacht’s size, range, amenities, construction quality, and after-purchase support. It’s also important to think about the potential crew size and maintenance requirements.

What negotiation strategies can Fly Yachts offer to ensure a successful purchase?

Fly Yachts uses extensive market knowledge to appraise vessels accurately and employs proven negotiation tactics to secure the best terms and conditions for your mega yacht purchase.

How critical is a thorough inspection when buying a mega yacht?

An in-depth inspection is essential to uncover any potential issues, ensure the yacht’s condition meets expectations, and protect your investment. Fly Yachts coordinates with expert surveyors to provide comprehensive evaluations.

Can Fly Yachts assist with custom building a new mega yacht?

Yes, Fly Yachts offers consultation on custom builds, facilitating communication with shipyards, designers, and engineers to ensure your bespoke yacht is crafted to your exact specifications.

How do financing and insurance work in the mega yacht purchasing process?

Financing may involve large cash investments, loans, or leasing options. Insurance requires comprehensive policies covering liability, damage, and crew. Fly Yachts can guide you to trusted financial and insurance partners in the industry.

What legal considerations come with buying a mega yacht?

Legal considerations may include contracts, registration, taxation, flagging, and adherence to international maritime regulations. Fly Yachts will connect you with legal experts to navigate these complex aspects.

What are the ongoing responsibilities of mega yacht ownership?

Ongoing responsibilities include managing crew, scheduling regular maintenance, ensuring regulatory compliance, and budgeting for operational costs. Fly Yachts offers management services to handle these responsibilities.

How do I plan for the long-term care and maintenance of my mega yacht?

Develop a detailed maintenance plan, establish good relationships with service providers, and consider hiring a yacht management team to ensure longevity and preservation of your vessel’s value.

After the sale, what support will Fly Yachts provide?

Fly Yachts remains committed to your satisfaction, providing ongoing management services, operational support, crew training updates, and consultancy for any future needs, including resale or upgrades.

At Fly Yachts, we pride ourselves on offering an exceptional selection of  yachts for sale , ranging from the luxurious super yachts to the more practical and versatile center consoles, catering to every maritime aficionado’s needs. A visit to our  homepage  provides a glimpse of the comprehensive services we offer to enhance your yachting lifestyle. Familiarize yourself with our rich history and the expertise of our team on our  About Us  page, illustrating our dedication to the yachting world. If personalization is key for you, our  Build a Yacht  service allows you to customize your yacht to fit your individual preferences. Daydream about your next seaside getaway by browsing our curated  charter destinations , each offering a unique and stunning experience. Immerse yourself in the world of yachting with the plethora of articles found in our  Compass Articles , filled with insights and stories for yachters at every level. When the time comes to sell your yacht, our  Sell Your Yacht  services provide professional guidance to make the process as smooth and successful as possible. For those seeking a lavish escape on the waves without ownership, check out our  Yachts Charter  options for exclusive, temporary access to yachting luxury. Aircraft enthusiasts looking to extend this luxury to the skies can explore our  Aircraft for Sale , promising top-tier air travel. Keep abreast of yachting news and features by regularly visiting  Gulfstream News . And for any support or information you may need, our  Contact  page is your direct connection to our friendly and knowledgeable team, who are ready to assist in your yachting venture.

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