The Art of Luxury Issue 40 2019 | Page 74

YACHTS MONACO YACHT SHOW 2019 A bespoke-made show for the new generation of superyacht customers Today it attracts over 125 superyachts with an average length closer It is hard to overestimate the importance and prestige of MYS as a to 50 metres, of which around 42 are new launches making their barometer that measures the state of the large yacht industry. When worldwide debut. The average value of the yachts on display is now business is booming, there is a tremendous vibe among the yacht a staggering €27 million. This is a far cry from the very first edition of brokers and builders walking the dock. But in a sector still adapting MYS in 1991, when there were just 32 yachts moored in Port Hercules to the aspirations of younger buyers and charterers, continued averaging 31 metres in length. prosperity is not guaranteed and there is no room for complacency. This year’s fleet will feature larger superyachts compared with 2018. The largest luxury vessel will be 107 metres in length. 21 units will exceed 60 metres with an average size of 75m! 74 The Art of Luxury Issue 40 2019 As a proactive industry player, MYS is embracing change by adopting development strategies that deliberately target the emerging superyacht clientele.