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Superyacht sales surge as wealthy seek Covid escape

BBC News By Tom Espiner image captionThe Lady Sheridan had an asking price of £24.7m. Wealthy people have so far spent more than £1bn on superyachts in 2021 as they seek to escape Covid lockdowns and travel restrictions, according to a luxury lifestyle publisher. Boat International said the surge is set to make this year the biggest yet in terms of second-hand sales. But Oxfam said it was obscene that such wealth was not spent on vaccines. For the cost of those superyachts, the population of Nepal could be fully vaccinated, the charity said. The trend towards buying superyachts, which started last summer, is the hottest sales streak on record , Boat International said.

Superyacht sales surge as wealthy escape Covid

Superyacht sales surge as wealthy escape Covid Wealthy people have so far spent more than £1bn on superyachts in 2021 as they seek to escape Covid lockdowns and travel restrictions, according to a luxury lifestyle publisher. Popular Searches But Oxfam said it was obscene that such wealth was not spent on vaccines. For the cost of those superyachts, the population of Nepal could be fully vaccinated, the charity said. The trend towards buying superyachts, which started last summer, is the hottest sales streak on record , Boat International said. It defines a superyacht as being longer than 24 metres and typically they need a crew.

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