March 2023
We are happy to say the Miami Boat Show which we have worked for the past 30 something years is over and now preparing for the Palm Beach Boat Show which has become the industries more desirable show. It has been reported that the Miami Boat Show was a great success which means there is a lot of runway for this soft landing in the economy.
We think "Transitory" a word I was unaware of 20 months ago has developed a new meaning. We have noticed the high end communities that the sales of real estate transactions which was very exuberant in 2021, the market in 2022 had half the sales which is normal but the prices were still up in a new value.
We have sold 6-8 yachts in the past 3 years that sold for much higher prices then the paid for the yachts 4-6 years prior. The real question and answer is that the replacement values have dramatically increased due to cost of goods and regulations of people and facilities. This has happened through the years as exhibited with the sales of high quality yachts like Hatteras, Bertram, Westport, Viking and similar.
The real story is that high quality yachts intrinsic value will always glisten through the years.
March 2023
We are happy to say the Miami Boat Show which we have worked for the past 30 something years is over and now preparing for the Palm Beach Boat Show which has become the industries more desirable show. It has been reported that the Miami Boat Show was a great success which means there is a lot of runway for this soft landing in the economy.
We think "Transitory" a word I was unaware of 20 months ago has developed a new meaning. We have noticed the high end communities that the sales of real estate transactions which was very exuberant in 2021, the market in 2022 had half the sales which is normal but the prices were still up in a new value.
We have sold 6-8 yachts in the past 3 years that sold for much higher prices then the paid for the yachts 4-6 years prior. The real question and answer is that the replacement values have dramatically increased due to cost of goods and regulations of people and facilities. This has happened through the years as exhibited with the sales of high quality yachts like Hatteras, Bertram, Westport, Viking and similar.
The real story is that high quality yachts intrinsic value will always glisten through the years.