Saturday, April 12, 2008
Recession in luxury goods: a buyer market !
Fort Lauderdale-based broker Anchor Yachts says sales of yachts in the $200,000 to $800,000 range have declined 50%, prompting sellers to cut prices by as much as 20%.
>> More information on CNN: http://money.cnn.com/galleries/2008/fortune/0804/gallery.luxury_recession.fortune/4.html
>> Other article on The Wealth Report web site:http://blogs.wsj.com/wealth/2008/04/10/yacht-prices-sinking-fast/?mod=WSJBlog