Fractional superyacht ownership: the Monocle figures

Will the economic crisis change the ownership paterns?

According to Dr Simkowitz, Director of Operations at Monocle Fractional Yachts, people who "purchase $10 million yachts a few years ago are now looking for a way to get a return on their investment".

Dr Simkowitz adds that "...fractional ownership makes more sense in this economy. The costs of boats, gas and operating expenses have increased which makes sharing quite appealing. A yacht is not like a car or a computer that you use every day. Most owners only use their boats four to six weeks a year - so why not split it up and get some money back ?..."

Although the following information mostly reflects an American perspective, check out the sole ownership/fractional ownership fiigures provided by Monocle yachts.

Ownership paterns
Sole Ownership
Total purchase price: $6M
Annual Operating Expenses $400,000
Nbr of staterooms: 4
Destinations: Caribbean, New England (blog editor: for a US owner...)
Actual annual use: 4 weeks
Pride of ownership: all
Aggravation: all

Fractional Ownership
Total purchase price: $600,000
Annual Operating Expenses: $40,000
Nbr of staterooms: 4
Destinations: World
Actual annual use: 4 weeks
Pride of ownership: all
Aggravation: no