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A sea of money

There is something in the old adage about buying a yacht - the best thing about acquiring a boat is buying it, the second best thing is selling it. Rashmi Kumar finds out about the jaw-dropping amounts needed to run a superyacht.
Monaco marina, where the average annual mooring fee is $87,500

If you were one of those who eyed Russian oligarch Roman Abramovich’s 557-foot (170 metre) superyacht Eclipse with envy, then take heart.

It costs him an absolutely frightening amount of money to run. The oligarch is spending at least €1,000 to simply keep the engine ticking over for around 10 minutes, at present prices. If you’d thought that taking care of your multi-million-dollar mansion was arduous enough, then a yacht should probably not be on your shopping list.

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