HOW TO BUY A SUPERYACHT!!! 72M "SOLO"

[@user-bc9mg5no3x]

This was fascinating, and I'm glad we got to see some footage inside Solo. It's great to add detail to my daydreams, cheers!

[@rudideghelt]

This video, like the other videos already made, allows a clearer vision and eliminates many fears related to the purchase of a yacht. There is only money left to find :) :) Just a big "thank you" for your job so well done

[@Joshuarowlands]

Step One: Become a billionaire.

[@m0ther_bra1ned12]

Yep. Just like that. Clear as mud...

[@Blueguy72]

@@m0ther_bra1ned12 Powerball dude.....Powerball!

[@stevenjames7779]

I very much appreciate this video. No one else has bothered to show the potential cost per year of a yacht this size. Top notch. The cost per year is actually lower than what I thought it would be. Again, very much appreciated. Thank you very much for this and please keep these videos coming. I have learned a lot from you and the lifestyle of yacht ownership 👍😎🛥🍾.

[@tm502010]

There’s lots of yacht videos - but few practical yacht videos. Well done. You provide valuable insight for those who need it.

[@Donald_Shaw]

That was a very informative video, David. There are a lot of things to consider when purchasing a super yacht.

[@lele.grazioli]

One of your best video David! Please keep posting this type of content!

[@paulogrinke7020]

Great video. There were some things about the process that I did'nt know. Thankyou for making me wiser. Enjoying this series as with all your other videos.

[@ViengsinakhoneLeuang]

You have the best yacht channel on KZbin. The video production is on point, very inspiring and entertaining! Keep making more.

[@Yachtsforsaleblog]

Thanks Bill. I will!

[@ringodingo2721]

Thanks David for another great, informative video. I think a very important consideration would have to also be the capital depreciation component of owning such a magnificent vessel such as SOLO (or any yacht for that matter). It is probably not an issue for most of these owners as it can probably be "written off" but for the outside observer with rose-coloured glasses it may be enlightening. Keep up the good work, I look forward to your notifications. Cheers

[@chrish2996]

Hi david, a very informative video in the series of buying different yachts on individual circumstances. A management company to oversee all aspect of the purchase and furthermore continue with the running of the yacht to ensure the crew, maintenance are looking after the buyers interest. Great video.

[@archertwin22]

Great video, but can we get a video that focuses even more on the chartering of the yacht? How to project income/expenses? What would the proper legal structure be?

[@bp1701a]

Owning that yacht is like running a business,, spend money to make money to cover costs and make a profit. Fantastic video.

[@WyattUTFT]

Really, really good video and the graphics you put on screen are really well done and add a lot. Not that I'll ever need to make use of the contents of this video but it's an enjoyable watch nonetheless.

[@ardeto197]

I know nothing about yachts nor I can afford one however I find myself enjoying these videos

[@Yachtsforsaleblog]

Glad to have you with us!

[@kellingtonlink956]

Great video. Well thought out. I am not in the market for a 72m yacht, however much of what you present (maintenance/mgmt. costs/etc.) can adjusted by general length. I appreciate the information. I would be curious of the expenses (seasonal $$ difference) between the Mediterranean (Summers) versus Winters in the Caribbean. Are they comparable? Thanks for another insightful video.

[@rickyfernandes1]

great video . just one question , does the owner has to carry more money while yatching ,for expenditure of the yatch like fuel and other stuff ,or is it done by the management comapany ? and what other things does the management company can handle ?

[@steveSmith-pd4st]

Excellent, informative video David. Well done.

[@echtogammut]

With large transactions like that the (hidden) wire fees are gut wrenching. Having recently had a super yacht size finance business transfer, I felt outraged at how much the banks thought they could charge for moving digits. With transactions on that scale you will usually have multiple banks involved and the rates were widely different. Since I wasn't paying the fees, I'm not sure why it upset me so much, but I know what goes on in the back end of banks, so seeing how much some banks skim made me wonder if the lawyers even bothered negotiating fees.

[@billknudson6620]

Great video with very useable information. Thank you!!!

[@CaptChet]

4M seems a bit low to run an 18 crew vessel. Can't wait for you to own SOLO :) I'll be in Antibes this coming Feb.

[@grondhero]

I really like the informative videos like this. I even remembered most of the process. Buying a yacht combines the complexities of buying a house _and_ buying a car. Now, how is it you can hop on this boat and *NOT* give us a tour?! I hope you were able to get one to show us on your next video! :P

[@KenBlackRifleAmerica]

A wonderful video David, thanks so much for explaining many of the more hidden yet poignant costs of ownership of a gorgeous yacht such as Solo.

[@frankv4271]

First off, I wanted to say how much of a great speaker you are to which, it make it easy to listen to you and such a joy. I wanted to know which yacht management companies in the world would be considered the best choices for full service management for yacht over 250 feet and up? I've tried finding out with the web didn't really found anything useful since there are probably a few factors to consider., such as how many offices in how many locations, to how many managers per yacht to all of their resources available to them. If you can make a video or 2 on this subject I think it would be great and your viewers would enjoy, it can be 1 for higher then 250 feet to less then 250 feet all depending on the actual makeup of the categories. Let me know if this is something you can and want to do?

[@BMH1965]

You are so right in stating that buying a half million € is more difficult. However, you often mention charter income - could you do a video on how charter income is sourced for a 70m+ long M/Y.

[@Yachtsforsaleblog]

I’m looking into a series of “how to charter a yacht”!

[@marcovelez942]

One of your best videos 💯

[@anyexpat]

The fees really surprised me at how low they were! 15 GRAND INSPECTION 40 GRAND LEGAL, relative to the purchase cost that is not even money as for the insurance and management, that annual cost is a full tank of fuel so not too much really

[@MartinPHellwig]

So in essence this means the more preparation you take upfront the higher the chances are that it becomes an asset instead of a liability. Which I would say is universally true.

[@darthkek1953]

One thing I've heard from a different broker ("Yachts International", smaller yachts, mainly owner/operator catamarans, Florida) is even for a NEW BUILD you get a full survey. He has had boats be "delivered" to a client only for the shipyard to need a further 4 months to fix things up.

[@Yachtsforsaleblog]

The surveyor will usually have also project managed the construction together with the shipyard. In truth, at some point a buyer needs to accept delivery of a yacht and all of the jobs that need to be completed need to pass under warrantee.

[@charlieodom9107]

Step one...Have money Step two...Spend money! Sounds pretty simple to me, except for the first step!

[@reefwiz99]

Hey David, any chance of seeing a video presentation of your new listing "Tommy Belle", that gorgeous German made luxury trawler?

[@larryboles629]

Great video, answered some questions. Thank you David.

[@gamalielberdin4670]

Highly informative! Well done mate

[@paulcunningham2859]

i really enjoyed the videos please group them together so they flow better..

[@andreamchutchon4761]

Thank you for another very informative talk.

[@arnoldmayii3563]

Great video. This is the first video I’ve seen that made me consider chartering my super yacht, if I ever get one.

[@EdwardTilley]

Great overview and video!

[@markpickell6606]

AWESOME VIDEO. Just put it on my tab.....

[@michaeljordan7733]

I never knew it had all this behind buying a yacht. I love yachts and I dreamt of owning one some day but after see this video...... I might stick to fancy cars. Great video by the way

[@armandoboensel593]

Awesome info David

[@venom5809]

I swear the running costs for this yacht as compared to the cheaper one from before actually seems dare I say reasonable? Also the legal and survey costs seemed actually once again, reasonable? LOL

[@HarveyPaul007]

Truly an exceptional, educational video. Well done. Add a rough price to the video and your hits, views, subscribers will go through the roof. You spoke of the cost in the video, you made the massive mistake of not adding the price in the title.

[@wronggg]

If it flies, floats, or fornicates, always rent it.

[@arisgod2749]

So the rule of thumb being 10% of the purchase price is the cost of running the yacht is not far off Dave correct. A yacht such as this coasting 71 million you will need to budget 7 million to run it. probably add another 2-3 million for food, drinks, fuel, and docking fees.

[@bullzeye66]

Great video my friend! Thanks!

[@stevesimpson6]

Brilliant video, thank you.

[@Lateralus-yf3ek]

I wish I was watching this for the reason of actually buying. 😔

[@cwdgoff]

I have an odd question which may sound silly. If the owner of the yacht charters the yacht out to help cover the running cost, and the crew depends on the tips as part of their salary, when the owner is using his yacht should he not make certain that the crews salary should reflect that of when they are out on charter. I mean after all they are preforming the same task. I know that if I had the income to operate a yacht of smaller size say Broadwater, I would see that my crew at least got paid what they would if it was anyone else on board besides the owner. I appreaciate the info. Thank you for your videos.

[@SylvieLaflamme]

Thank you! Very useful! Is it possible to have you as a "middle man" if the boat is not on your list but in another company listing?

[@HenrikScheel_]

Appreciate your passion for the yachts. But you should also include the fact that many of the yachts are bought by owners who lives in tax exiles and who do not pay tax eg. Joe Lewis the UK owner of the yacht Aviva.

[@jackdare]

I must go to the wrong yacht shows... I rarely see this level of quality.

[@williammills5597]

Do you know of any books or websites on yacht ownership? Like yacht ownership for dummies, because I search to learn and different people say different things and it’s not like looking for info on buying a home. In fact buying a yacht is even more difficult, because it’s so hard to get prices on certain yachts almost impossible, that’s of course not calling a yacht broker to get the info. When I look at a home online, a mansion, land etc. I don’t have to call the realtor to get info on said home. Yes there are few mansions or properties that don’t have a price, but they too are typically a place other than America and those places I don’t even look at. I’m not saying I have the funds to buy a yacht, but while I have the time like to learn the cost. So if you know of any books or websites that break down the costs, explains the difference between a yacht at 60m for $20 million and the same size yacht, but now it’s $80 million. With a mansion or home it depends on size, amenities and where the home is located. With yachts that’s not the case. How much does a used yacht cost to run, if it cost $5 million now, but 20 years ago it was a $30 million dollar yacht? That’s why looking into buying or commissioning a yacht to built is difficult for at least

[@jeison360f1]

Very interesting information.

[@firdausjuven7435]

Finally something recognizes me as a rich person. Thanks KZbin Algorithms. I will Make it

[@Puzzoozoo]

It should have been titled 'How to buy a *used/secondhand* Superyacht'. Probably be far cheaper to commission a new build, either semi custom, or if you can afford it, fully custom.

[@clintwhatley7981]

Great Video.

[@lightsodda]

SOLO now having had a huge price reduction makes it by far the most bang for the buck yacht for sale. If I was a bilionaire it would be mine immediately 😱

[@rooduck]

You talked me into it , Where do i sign?

[@Meekerextreme]

Seems reasonable, but I'll stick to motorcycles as a hobby and a way to relax.

[@oceanng2498]

What if u draw a yacht design who and how do u sell your own yacht design may u make a video about it

[@dexterm7466]

Solo is so beautiful, to heck with the hypothetical oligarchs.... Who’s interested in a group buy?

[@zoltanraffay4903]

Good video! Thanks!

[@iandonachie9549]

Thank you for the detailed information.... I had assumed that 7% to 10% would be the annual running costs, which is something to factor in, just as when running a business its going to have an annual operational cost. Thinking alongside the "Charter aspect "..... what time period of the year would you expect to have the yacht on charter to come close to balancing the annual costs?.. where best to locate the yacht, and obviously it would be used at say the most popular holiday periods.. correct? In short outstanding advise.

[@Rose-pz8es]

Can you please make video for Yacht 85m O'ptasia...thanks

[@Purplexity-ww8nb]

Man, KZbin revenue must have really skyrocketed lately.

[@edwine9340]

Just curious, the boat has a capacity of 18 crew...do they need all 18 to run the yacht? What happens if the owner wants to hire a security crew as well, does that mean you have to run with less crew?

[@kimi88cz]

Great video again!

[@johannesmarais948]

Can you please give us charter layout? I mean besides enjoying it what if I want to recover my expenses by chartering? Can you put together something similar like the Solo cost layout?

[@tinyb69]

Well,.. The good thing is that the current Russian oligarch owner won't have to go far to sell this to another Russian oligarch owner. That is, if they are friendly with one another, and the possible new owner wants the old ones "sloppy seconds". First "Suerte", now "Solo", and soon to be, Tankoa's latest 80m series. I'm sure that his new yacht will be as much of a successful charter as his last two. Someone has to use them more than the 'one week to ten days', that the current owner spends aboard his masterpiece. That mindset, I will never understand. To own something this magnificent, and only make use of it for one week per year. I truly hope that I don't come down with whatever terrible mental disease that is.

[@soniachand6480]

Hi David, thank you for your video. What would you advise to a client about finding crew and captain.

[@keithlivingstone2525]

Very interesting.

[@ozziepilot2899]

One number you didn't cover is typical charter income such that we can see Profit/Loss ratio.

[@crazyfroggie6546]

Im guessing she charters for about 250,000+/week, it covers the wages, bills and everything, the variable being fuel costs depending on what the guests want to do in the week on board. If you can charter her for more than 16 weeks a year, you're past the covering costs point and start to actually get money from it

[@crazyfroggie6546]

@Brisdad53 thanks.

[@broyout3586]

So the old adage "reserve 10% of the yacht's value for yearly expense" holds true more or a little bit less, since it's brand new... Absolutely insane to think you spend a good surgeon's yearly salary each month on a toy you may use only a couple of days a year.

[@ChrisHolman]

Are sailing yachts cheaper or more expensive than motor yachts?

[@johnsim3722]

How many weeks in a year does a yacht like Solo get chartered? And does that rely upon both sailing the Med and Caribbean? Does the owner then have to use the boat in the off-season weeks rather than peak to be able to cover ownership costs?

[@Yachtsforsaleblog]

She has had over 7 weeks charter so far this year and I was on board her yesterday for the Fort Lauderdale Boat Show. She’s preparing for the Caribbean season. I think she already has ten days booked. Hoping to do a full walk through video when she gets to Antigua! As you said; the owner uses her when she’s not booked for charter.

[@johnsim3722]

@@Yachtsforsaleblog Thank you for the reply!

[@corvinmatei6672]

YOU HAVE TO KNOW PER MONTH SALARY FOR CREW (20 PERSON)100G EURO +FOOD .PILOT,DOCKING AND MAINTENANCE,FUEL + INSPECTION FOR ALL DOCUMENTS TO BE NOT EXPIRING +DRY DOCK FOR HULL ETC.ADITIONAL 1 MIL IN 4 YERS TIME.IN ABOUT 16 YEARS YOU MUST SPEND NO LESS THEN 40 MIL.

[@polievets1]

Nice info

[@ChrisHolman]

I would only buy a boat to put it on the charter market

[@lovesheidi2774]

Kinda sounds like what Yersin would or might cost. It's a 76 meter 251 foot. 59 euro

[@currencytrader4389]

Do people or business consortium's buy yachts for the sole purpose of charting them out? It seems like it could be pretty profitable if you did the math right and bought the right boat. Also, I have noticed that it seems some owners will commission a yacht, only to turn around and sell it immediately. Are these owners the equivalent of a real estate developer?

[@jefflaporte2598]

Rent this out for 1 week a month at 1-2 million a week and this thing pays for itself really.

[@SuperNovaJinckUFO]

If you charter this yacht for $1 million a week (market rate?), you can totally cover the running costs with just 4 weeks.

[@strangelee4400]

If i was a billionaire i wouldn't want to charter. I would prefer the vessel just for me, even if it meant a smaller yacht. I wouldnt buy a 10 bedroom mansion and rent out 9 rooms. I would buy a 5 bedroom house just for me and wander around in my underpants.

[@Dobermanator]

If you were a billionaire, you could afford this yacht, wander around it by yourself in a brand new pair of underpants each and every day for the rest of your life. While you are doing that you can have someone in your hire write KZbin comments for the riffraff like me, while they shop online for your latest supplies in underpants.

[@ChrisM.]

@Yachts For Sale I really like your buying videos as they are very informative. What I miss there: who pays the broker? It is an expense the seller has to cover? What when I ask a broker to search for me for the right yacht?

[@Yachtsforsaleblog]

Hi Christian, the Seller pays the broker, so it’s not really a cost for the Buyer. This also applies if you instruct a broker to find you a yacht to buy. The Seller almost always pays.

[@charliewilson3528]

Only 4 million a year running cost was a surprise.

[@brolohalflemming7042]

Bargain! I'm guessing in part it's the way crew costs scale as a function of yacht size/cabin capacity. So headcount for hotel services increases, and for a smaller/cheaper yacht end up being a larger overhead percentage wrt the yacht's initial purchase cost & value. And like the man said, some careful chartering could cover some or all of that overhead as those costs would be included in the charter price & offset the running costs. Plus anyone who can drop the 70m to buy this beauty almost certainly has enough investment income to cover an annual 4m overhead, and set aside cash to cover expenses when it goes ex-warranty.

[@venom5809]

Agreed, I made a similar comment, it seems economies of scale work in favor the bigger the yacht you have so even though your dollar amount is larger percentage wise it's much less.

[@williamdrijver4141]

Depreciation can run at 1 million euros or dollars per month

[@MrAli171]

I think I could just afford one fish from the fish tank

[@mrgboy247]

How much potential income could be earned from chartering, to offset some of the yearly fees

[@marcelnz]

How much to charter such boat for 24 guests, to tour New Zealand waters 24-7-365??

[@calvinh.8882]

1 million euros or $1,119,250.00 dollars per meter. I'll take 4, Each in a different color. :))

[@computerbob06]

What about a video, based on a hypothetical British winner of £170m?

[@williamdrijver4141]

Smarter to invest the money than to throw it into the water....

[@elena_painter_16]

Maybe better to buy not the yacht, but a little boat! 😆 I'm joking, yacht these are very beautiful!

[@chrisclarke7828]

For broker read "estate agent", no broker will want a lower price accepted because they will lose money and no one wants that. Any broker will look at you as a one off buyer so you will never be back and therefore no friendship would be involved.

[@diab_low]

What about a hypothetical Australian bloke?

[@fontybits]

Are such yachts more generally registered and financed via COMPANIES rather than by INDIVIDUALS?

[@Yachtsforsaleblog]

Correct.

[@colintraveller]

You know there is more Small vessels that circumnavigate the world than those who own those Giant Super yachts ..True Fact

[@cbrusharmy]

I'll take it!

[@wmason1961]

You failed to cover just how to get them to accept a post dated chack.

[@1973Washu]

Step 1 : ??? Step 2 : Profit! Step 3: Contact this guy.

[@relaxfarms6627]

So frustrating. I am a woman and I cant get any yacht company to take me seriously. I guess I am going to have to hire a lawyer to buy a yacht for me.

[@anime_addicted9]

Lol