My sister Susan and I attended the Palm Beach International Boat Show this past Thursday afternoon. It takes place along Flagler Drive in West Palm Beach, Florida and features a vast number of boats and yachts, all docked along a network of piers on Lake Worth. I decided to park at CityPlace, a number of blocks from the event, since I figured anything closer would be very expensive. As soon as I got to the parking garage, I saw a sign saying the lot was full and please try elsewhere. I decided to enter the garage anyway and keep circling until a space opened up, since I would be paying $30 whether I stayed 5 minutes or 5 hours. Happily, I found a spot almost immediately. In other words, they lied. But why? In any case, we walked to the show and made our way to the piers.
We started making our way past the various yachts on display. The vessels were docked by exhibitor, and there were plenty of salespeople on hand to greet potential buyers. A number of companies had an open-air reception center, where you met with the salespeople and then were taken to a private pier where the yachts were docked. Most exhibitors had the sterns of their yachts backed right up to the dock, with salespeople waiting on the stern to greet visitors. Others had a table with a sales rep right in front of each yacht. Since the vast majority of these boats were many millions over my budget, I didn't bother to tour the inside of any of these vessels.
The big attraction at this show are the superyachts, which are luxury vessels from 80 to almost 300 feet in length, such as the one in the photograph on the left. I assumed these would all be docked at the very end of the piers, but there seemed to be superyachts all over the place. And the exhibitors seemed to come from all over the world, as did many of the visitors. What I have a hard time getting my mind around was that there were a lot of people there who were really interested in buying one of these behemoths.
I was especially stunned by yachts such as the one in the photograph on the right, which seem to tower over the people walking next to it. These vessels look like small ocean liners. It is hard to imagine the type of wealth required to buy one of these things. Of course, just across Lake Worth is Palm Beach, home to Donald Trump as well as many other billionaires. I can't help thinking that thanks to the tax cuts given to these people through the "One Big Beautiful Bill," all the rest of us are actually subsidizing the purchase of these boats. Not to mention the expense for a crew and the fuel to run it. One of the selling points for one of these superyachts was that it had enough space to hold 5,000 gallons of diesel fuel. At current prices, that means it would cost $27,500 every time you filled up. Will that be cash or credit?
Heading back to Flagler Drive and the exit, we passed the cocktail reception for the launch of the International Superyacht Alliance, dedicated to connecting the U.S. to global markets and new destinations for industry growth. I was tempted to stop, have a drink, and share my thoughts with them, but then thought again. Regardless of the ostentatiousness of the whole thing, I did enjoy walking around and looking at all these luxury vessels. The show continues both today and Sunday if you want to go. And if you do go, a warning. Parking garages close to the event cost $80. I myself would advise heading to CityPlace and walking to the show from there. Just ignore the "garage full" sign.
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