Even though we get the Financial Times at work, I don’t generally pick it up for a browse, which is a shame because a supplement laying in reception caught my eye today, and seemed worth sharing. Here’s what I decided to ostentatiously flick through on the bus on my way home, occasionally murmuring, “indeed, indeed” in earshot of other passengers:
With less than 4,000 yachts in the world, it seems like, I dunno, those actually involved in yacht-building, yacht-buying, yacht-racing, and yacht-cruising could, I don’t know, just get their yacht news in a special yacht magazine. It sort of seems like the rest of us non-billionaire plebes don’t need to pick up an FT Wealth that boasts the headline:
Damage control: As the financial crisis sparks anger and envy, how can the wealthy protect their image and privacy?
The shipbuilding industry is a huge one and employs a lot of people globally (particularly in the UK, Caspian, Middle East, and Southeast Asia), but that’s a little subheader up there that’s hard to get behind (you can read the actual article here, if you’re interested in the trials of the super-rich).
I actually found it more humorous than embittering, and a funny little portal into a world that bears little resemblance to my day-to-day existence. For those of us on the outside looking in, it’s hard to work up a sad face about the prospect of people being forced to time-share their yachts. But I guess everybody’s got problems.
June 30, 2009 at 1:32 am
I nearly spilt Hennessy all over my Robb Report when you said the luxury yacht industry was bracing itself for tough times.
June 30, 2009 at 1:36 pm
MissBish, I knew you’d be distressed, so I took the liberty of booking you a week at Canyon Ranch to recover. Ramon should bring the Bugatti around shortly and Magda will be waiting in the Abhyanga Room.
June 30, 2009 at 3:50 pm
Yacht timeshares? Since ours sunk, I want to go to there. Who’s in?
I AM KIDDING.
July 1, 2009 at 12:29 am
It probably IS distressing! There was a line in a recent article on the Madoff sentencing, speculating about the chances of Bernie offing himself in jail. The quote was something like “rich people would rather commit suicide than live like the middle class.” I suspect there’s a lot of truth in that.
Still. Spoiled bitchez! O, to have such problems.