This is an alternative concept of owning a yacht by dividing an expensive asset into percentage shares held by individual owners. This can be increasingly attractive to today’s cash-rich, time-poor individuals. Many people are discovering they can have all the enjoyment of a traditional luxury lifestyle without the chores and expense that full-time ownership entails.
As we know when looking at the number of boats that never or at best infrequently leave a marina, there is a feeling of waste. One of the positive impacts the recent economic crises will have in the short term will be to make people more cautious about capital purchases rather than buying on a whim. The safe and cost effective way is to share ownership, providing the business model is well thought out and well managed.