That harbor holds 142 berths. Over 200 yachts apply for them every year.
So most of the boats in this shot aren't parked. They're idling offshore, waiting, because they never got in.
The berth is the real scarce asset. Anyone with the money can commission a 90 meter boat. Getting it into Port Hercule for race weekend is the constraint. A trackside spot for a 50 meter yacht runs about โฌ110,000 this weekend, up from โฌ75,000 in 2019. The smallest slot on the list still costs โฌ22,000 for a four day minimum. Faith, the 97 meter giant parked in the front row, pays roughly $150,000 just to sit there.
And the berth is the cheap part. Crew, fuel, catering, security, dockside hospitality: a full Grand Prix week clears $1M before anyone values the hull. Upkeep on a superyacht runs about 10% of the purchase price every single year, forever. A $200M boat burns $20M annually doing nothing.
So here's what that water is actually showing you. A fixed number of trackside slots, priced by a Monaco port authority that knows demand never drops, and a fleet of nine figure assets fighting for a view of a race they can follow better on the TV in the salon.
The whole other world in that frame is a 142-slot parking lot that took Max Verstappen two years on a waitlist to get into.
The reason there was no bounce in the market?
Simple. All the money was parked in Monaco this weekend ๐๐ฅ๏ธ
Billionaire Row was fully funded, Wall Street wasnโt
The Attorney General says some people who want to remove human rights law for small boat migrants seem to want to 'let people drown in the waterโ.
Lord Hermer tells @bbcnickrobinson 'some of the rhetoric is deeply, deeply concerningโ.
The woman speaks for the entire country right now. An absolutely glorious rant against Keir Starmer. And she signs off in the most quintessentially British way.
That beautiful Globalist S*hit for brains.
A graveyard of electric green scooters that have run out of battery life
Since it's very expensive to replace the batteries, electric scooters that have reached the end of battery life cycle โ ๏ธare being completely abandoned, also disposing them in any other way would be dangerous and expensive.๐
The environmentally friendly EV transportation.๐คก