Cyprus Yachting Magazine

Hundreds of luxury vessels descend upon Monaco for one of the most prestigious boat shows in the world

Thousands of the world's richest people have descended on the port of Monaco as dozens of the world's most expensive yachts go up for sale at the annual show

In total 125 craft with a combined value of 3billion will be on show between Wednesday and Friday, as 580 exhibitors show off the wares, hopeful of landing a lucrative purchase.

Last year, out of 109 boats, ship-makers managed to flog just 19 vessels - but with an average value of 20million the show certainly aims for quality over quantity.

Yachts on show this year include the GTT 115, created by Porsche's design studio spin-off, the Super Yacht Sub 3, which can dive to 300m and stay submerged for 12 hours, along with two helicopters.

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