Yachts are a symbol of luxury and wealth in America, with other countries following suit. But why? After all, they’re just small to medium-sized vessels commonly used for recreational or leisure purposes. Here’s why yachts have been increasingly viewed as a representation of wealth.
The Gilded Age
The Gilded Age in the history of the United States was characterized by a rise in materialism and a love for all things luxury. American financier J. P. Morgan owned four yachts known as the Corsair, each built bigger and better than the rest. This was just the beginning of the rise of the luxury cruise market following World War II.
The Impact of Literature
Following the end of the Great War, plenty of American novels captured the emergence of the United States as a permanent world power in an era known as the Roaring 20s. F. Scott Fitzgerald’s novel set in the Jazz period known as The Great Gatsby featured a wealthy man who loved flaunting his riches, including a collection of yachts seen as a symbol of immense luxury. The impact of literature led to Americans viewing yachts as the epitome of wealth.
Lucrative Investments
Buying a yacht is also a smart investment for people who have the money. LVMH, the largest luxury goods maker in the world, set its foot in the yacht business after acquiring the Netherlands-based custom-designed yacht maker Royal van Lent. Each Royal van Lent yacht is a status symbol in its own right and costs anywhere between 30–50 million Euros.
The wealthy often like to invest in yachts as a hobby, and some yacht owners even spend their entire year living on them and sailing across the ocean. A yacht is a worthy investment if you have the money for it. And even if you don’t, you can rent or charter one instead.
If you’re searching for a yacht to charter, take a look at our fleet of luxury yachts. At Cabo Yacht World, you can get a private catamaran charter in Cabo, San Lucas. We also offer boat rentals in Cabo, private sailing, and a variety of exciting activities like snorkeling and scuba diving on your nautical adventure.
You can also charter sports fishing boats and even purchase your own yacht from us if you’re interested. Contact us at 624 168 9544 for more details.