There are millions of yacht enthusiasts around the world and almost as many yachts for sale. You may be surprised but, like you, there are a lot of people who actually dream of buying and owing their own yacht.

You may have seen so many liquor or cigarette ads where the rich and famous are seeing lolling round beach and port hotspots in the Mediterranean or around Florida in their yachts. While we may not be celebrities, it certainly does not rob us of our right to dream and harbor aspirations of

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Yachts started to sell in the beginning of the 20th century, when wealthy individuals built large private yachts simply for personal pleasure. The first examples of this are the luxury motor yachts known as the MY or simply motor yachts Christina O and MY Savarona. The early designs of these yachts were owned by American Cup classic J class like SY or sailing yachts Endeavour and Sir Thomas Lipton’s SY Shamrock. The Yacht club of New York hosted many of these early luxury sailing yacht events at Newport Rhode Island in the gilded Age.

Luxurious yachts have often been seen in abundance in the Mediterranean and Caribbean seas, although their numbers are increasing, more and more yachts are manufactured and sailed in many other areas throughout the world. With increasing demand for this kind of vessels, there has also been a rise in the demand for custom boat building companies and brokers. They are often found in Australasia, Asia, and Europe. The European manufacturers such as Ferreti dominate the high end yacht building market.

Many yachts are privately owned while others are operated all year round as charter businesses providing high end fun packed or relaxing holidays.

The rates of these luxury yachts are very high, ranging from $840,000 like the MY Annaliesse or up to Euros 20,000. The industry functions effectively due to private owners mitigate their ongoing costs with charter income as well as maintaining their yachts in top running condition.

On the other hand, private charterers charter yachts too because it is inexpensive compared to owning one and is less hassle having to maintain, service and repair. This provides them with many choices to make like yacht class, location and selection of crew.

Yachts can be really expensive, most of the time; they’re much more costly than cars. Selling boats is the job of brokers, especially when it comes to selling luxury models. They are either sold by brokers under a listing agreement or by owner. Some methods don’t give commissions to broker but brokers will tell you probably the correct advice.

It is best to go with a dealer because they will get you a higher selling price than if you did it by yourself. They understand supply and demand, they know what the market is like at any given time. But on the other hand, you also need to give the central agent a commission in the end.

Normally there is a 10 percent commission charge which is an agreed fee which may or may not be given to the list broker. The open listing is the one where the owner agrees to pay the commission in the event that the broker sells it himself. Owners usually select this type of listing for luxury yachts because it offers a greater incentive to a large number of brokers who are more likely to work harder to sell the yacht.