Superyacht sales took a dive in 2023 over surging costs, Russian oligarch sanctions

Sales of superyachts — luxury boats more than 100 feet long — fell 17% in 2023, according to a new report that attributed the dip to soaring costs, long waiting lists and sanctions of Russian oligarchs. According to the SuperYacht Times’ latest State of Yachting report, there were only 203 sales of new superyachts last...