50.1 MB (4.0 MB compressed)
3628 x 4826 pixels
30.7 x 40.9 cm ⏐ 12.1 x 16.1 in (300dpi)
SHEILA TERRY / SCIENCE PHOTO LIBRARY SHEILA TERRY / SCIENCE PHOTO LIBRARY
One of the boat-yards for superyachts and the larger megayachts in Viareggio. Several important build and refit yards involved in the luxury nautical market are located in this Italian coastal town near Pisa. Italy has been defined as the world's leading yacht production country and Tuscany has the largest of the three major internationally esteemed Italian yards. The superyacht industry makes a significant contribution not only to the Italian economy but in particular to Viareggio and the surrounding area where about 450 manufacturers provide goods and services to the boat builders. Considered the world's most expensive luxury good, the cost of ownership and maintenance of customised yachts is largely tied to the wealth of millionaires known as High Net Worth Individuals (HNWI) (having more than $1 million of investment income) or financial institutions involved in chartering.
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