May 30, 2024

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Luxury yacht sales decline as Russian oligarchs exit the market

Luxury yacht sales decline as Russian oligarchs exit the market

Waterslide on Savannah, a 274-foot luxury hybrid yacht.

Courtesy of Northrop & Johnson

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.

Superyacht sales fell in 2023, as long waiting lists, high costs and oligarch penalties weighed on demand, according to a new report.