When Michel Dufour set up as a designer and builder of GRP yachts back in the 1960s, the Arpege 30 (introduced in 1966) was only his second production yacht. In those days a 30-footer was one of the largest GRP cruisers to be built for the fast-growing market in GRP yachts. And an impressive 1,500 of this great Michel Dufour design were sold before production ceased in 1976.
Yet today, buyers looking for new cruisers around the 30ft size will be hard-pressed to find anything on the market. Beneteau, Jeanneau, Dufour, Bavaria, Hanse et al are all producing ever bigger cruisers; and GRP 60-footers are now commonplace. New smaller yachts like the recent Beneteau Oceanis 30.1 (2019), Hanse 315 (2016) and Dufour 32 (2022) are rare. The smallest Jeanneau, Hallberg-Rassy and Bavaria are all 34-footers.
Big yacht surge
There are many reasons for the increasing number of large, high-value yachts. The most interesting of these relates to what is known in the USA as 'The Great Wealth Transfer. As ageing 'baby boomers' sadly begin to depart in increasing numbers, they leave their substantial assets to their children. A 2019 study by American real estate specialists Coldwell Banker suggests that US millennials stand to inherit in excess of US$68 trillion from their baby boomer parents by 2030.
Millions of young US consumers are therefore likely to become buyers of high-value goods. UK figures will of course be smaller; but they will have much the same effect. UK dealers tell me that this surge is already being seen in yacht purchases. More people are buying bigger yachts.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Orca sink yacht in Strait of Gibraltar
Spain's maritime rescue service, Salvamento Maritimo, has reported that a 15m (49ft) yacht sank in Moroccan waters in the Strait of Gibraltar following interaction with a pod of orca.
No kill cord or lifejackets were worn during fatal powerboat crash
A kill cord and lifejacket are useless unless worn-that's the warning from the Marine Accident Investigation Branch (MAIB), following its investigation into a powerboat crash that killed a 32-year-old woman and five-year-old girl on 2 October 2022.
Multihull sail work
Brush up on multihull sailing skills before heading off on charter with Gavin Le Sueur's guide to spinnaker handling, tacking and gybing
Five top causes of engine failure and how to prevent them
Jake Kavanagh talks to Sea Start marine engineer Nick Eales about how to avoid the five major causes of an engine breakdown at sea
Sail the Atlantic with strangers
Would you sail across the Atlantic with someone you've just met? Ali Wood meets the cruising crews who've done just that
IZIBoat: simple sailing
Rupert Holmes sails an innovative catamaran design intended to widen participation in sailing among those with little time to get on the water in more conventional craft
30 WAYS TO GET AFLOAT
From tall ships to small dinghies, you needn't own a boat to sail. Ali Wood looks at the options, and how skippers can also find crew
Boats for restoring under £20,000
Duncan Kent picks the best sub-35ft sail and power boats to look for when aiming to undertake a restoration on a budget
Seaworthy dinghies for less than £500
For low cost traditionally-styled GRP trailer-sailers, consider the Foreland and the Otter available at bargain basement prices
Playing with coloured sails
Maintaining an hourglass-shaped balloon and ratcheting up the log numbers