The 21st Monaco Yacht Show, 21st - 24th September 2011, was a tale of two recessions. The super rich continue to commission superyachts of 50 metres and more, whilst there are fire sales for second hand smaller yachts that have flooded the market. Meanwhile, the regulators are catching up with this offshore business, with new laws regulating crew and safety conditions. RivieraLife.tv's Andrew Burroughs reports.
It's amazing how the real rich spend their money. And it's no surprise that some rich people got wealthier during theis recession. I think the gap between rich people and those of us who are poor can only get wider.
CesarConH 18 hours ago