No one quite agrees on just how to parse the differences between a superyacht, megayacht, or even the emerging gigayacht, but everyone’s pretty sure it’s a booming market.

Estimates suggest there were around 4,500 100-ft-or-longer superyachts in the world at the end of 2015 with another 700 or so on order, with some of the best going for billions.

The people who own one are the so-called Ultra High Net Worth Individuals–with $30m or more on hand, and an average $10m-plus boat (leaving nearly $20m for snacks). For a long time, bigger was just a hell of a lot better, but yachts are changing to better handle adventure, with luxurious appointments and room for lots of toys to play with once you finally drop anchor.

Which is probably why there’s just as much happening with smaller... Read More