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Trends: Competitive streaks fuel a chain reaction of luxury

By Jeff Mills

Published: September 22 2008 13:16 | Last updated: September 22 2008 13:16

Recession is for other people, it seems. When, or more likely if, the economic slowdown reaches the rarefied world of super-yachts, it is likely to mean little more than easing back the throttles as you or your skipper navigate the way into your very expensive berth in some Mediterranean or Caribbean hotspot.

Far from being in decline, the superyacht business is alive and well, perhaps in better shape than it has ever been. Not only are there plenty of orders for new boats for the often-serious money needed to buy them, but there is a queue of well-heeled individuals waiting to charter them even before they have left the boatyard.

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