Yacht owners often are too busy to use their boats for more than a few weeks each year. Another thing to consider, certainly, is the cost of ownership. Yikes. That's the theory behind Luxury Yacht Partners of N.Y. Purchase fractional ownership, rent a yacht for a day or sell part or all of your yacht.Fractional ownership yachts are a Sunseeker 61' Predator 2003, 25% share, $335,000; or a Burger 81' 1972, 25% share, $195,000, with an optional Robinson R-44 helicopter, 25% share, $45,000. Depending on whether your yacht will stay in the Northeast or be relocated to Florida during the winter, you get 30 - 70 cruising days each year.
All the operational expenses are shared by the up to 4 shareholders, and of course you pay for your own consumables. Operational expenses include docking fees, maintenance, crew payroll, insurance, repairs and a management fee.
Sounds good, and economical, but hold on -- not thrilled about others using "your" yacht? That's why you pay a management fee: A concierge service will ready the yacht for your time at sea, such as stocking your preferred beverage or having available your special sheets. Summer's coming, so buy that share, and get out the sunblock!
