SOURCE: Burgess

December 19, 2007 10:52 ET

Burgess Inquiries Spike in Anticipation of Wall Street Bonuses

A Superyacht Is THE Modern Status Symbol

NEW YORK, NY--(Marketwire - December 19, 2007) - While the nerves of many Wall Streeters continue to rise as these "masters of the universe" await their annual bonuses, one thing's for certain: handsomely rewarded risk takers are looking at a number of different options to enjoy -- and display -- their annual windfall this year.

Wall Street paid out a record $23.9 billion in bonus money in 2006, a 17 percent increase over the bonuses paid at the end of 2005, according to the New York State Comptroller's office. And, even though the current market swings will surely impact this year's bonus pool, these are still huge sums. Many financial types are already window shopping and planning how they'll spend their bonuses, which in many cases, total more than twice their yearly salary.

Move over Lear jet, today's ultra rich financial leaders are heading to safe, status-conscious waters with the superyacht. Not to be confused with "tripped out" leisure boats; these are sublimely lavish, oceangoing vessels of at least 130-feet in length, decked to the nines with every over-the-top amenity imaginable. Think separate owner's suites and uber-luxe accommodations for 10 of one's nearest and dearest. Add in expertly trained, highly seasoned crews; private chefs, observation rooms, game rooms, cinemas, screening rooms, swimming pools, spas, gyms, Jacuzzis, and every gadget and toy galore.

According to Burgess, the global superyacht industry leader who offers every yachting service imaginable, from uber-luxe yacht charter vacations to helping clients build, finance, manage and protect their superyacht investment, there are always peaks in the number of inquiries at this time of year.

"We have seen a dramatic rise in the number of inquiries over the past few months from prospective clients who reside in the tri-state New York metropolitan region, as well as other top U.S. metro markets with historically wealthy demographics, including Silicon Valley, Los Angeles, Dallas and others," said Jonathan Beckett, Burgess President & CEO.

Of course, one can easily enjoy a private superyacht experience by going the route of an extravagant Burgess charter, choosing from an incomparable range of exceptional yachts of every description to some of the most beautiful places on earth. Whether one prefers classic or contemporary, sail or power, speed or serenity, Burgess identifies the ideal yacht and arranges every aspect of the perfect itinerary. Such an excursion ranges from US$100,000 to US$1 million per week, depending upon the vessel and the destination, and definitely nets huge bragging rights at cocktail parties and golf clubhouses.

For the real movers and shakers nothing surpasses owning your own superyacht -- the new "it" status symbol. The rich and powerful want ground-breaking superyacht design, style, technical specification and performance today, and Burgess is graciously leading them into temptation.

Sample Burgess superyachts for charter -- to suit most any Wall Street bonus, lifestyle, taste and wallet -- include:

 -- For The Empire Builder

    Indian Empress -- Sailing the spectacular Indian Ocean in this
    over-the-top superyacht, the Indian Empress at more than 300-ft is
    a luxurious floating island estate-at-sea. Palatial and extravagant,
    she sails the Indian Ocean with its secluded bays, coral gardens, and
    white sandy beaches and is available for private hire at more than $1
    million per week.

 -- For The Timeless Classicist

    Lady Sheridan -- The 190-ft Lady Sheridan boasts exterior and interior
    styling of the ultimate pedigree and promises a remarkable charter
    experience for 12 guests, while sailing the magnificent Mediterranean.
    She is available for charter at just under $500,000 per week.

 -- For The Design Conscious

    Slipstream -- This is 144-ft of modern concept in terms of both her
    design and construction. Slipstream represents all that great design
    stands for: gorgeous spaces, good sight lines and a sleek, eye catching
    exterior design. The perfect environment to sail the Indian Ocean's
    Maldives or Seychelles Islands, she is available for charter from
    $140,000 per week.

Sample Burgess superyachts for sale include:

 -- For The Sailing Purist

    Victoria of Strathearn -- For the sailing purist, this 130-ft
    superyacht is a beautifully designed masterpiece that revisits the
    gentlemanly age of yachting. Classic styling and craftsmanship
    throughout the yacht's lavish interior include traditional beamed
    deck heads, a traditional pilothouse -- with stairs leading aft to
    the owner's cabin, study and ensuite -- and main saloon. Priced at
    EUR 12.5 million (approx. $18 million) and also available for charter.

 -- For Those Looking to Trade Up

    Noble House -- Perfect for those looking to upgrade from a smaller
    yacht, the 173-ft Noble House is a stunning yacht built for cruising
    the world in style and sophistication, and features four double and
    two twin staterooms, a sundeck gym, a Jacuzzi and much more. She is
    priced at $36 million.

 -- For The First Timer

    Cassiopeia -- Ideal for the first time yacht buyer, the 105-foot
    Cassiopeia is a delightful gentleman's motor yacht with an impressive
    performance. Her traditional teak paneled interior exudes comfort and
    style. She is priced at EUR 9,250,000 (approx. $13,575,000).

Founded in 1975 with offices across Europe and North America, including New York and Miami, Burgess is the global superyacht industry leader, uniquely specializing in yachts of over 130-ft. Renowned for its professional yachting services, the company leverages its expertise to guide clients through every aspect of the yachting experience, including sale and purchase, new construction, charter and operational management. The Burgess brokerage division has been involved in the sale of many of the world's most significant yachts, while the new construction division is currently supervising more new build superyachts than any other firm. Burgess' first-class charter service offers a portfolio of the finest yachts in the most stunning destinations. The superyacht credentials of Burgess are unmatched in the industry, ensuring that clients enjoy the highest levels of customer service. More information on Burgess can be found at www.burgessyachts.com.

Editor's Note: Photography available on request.

Contact Information

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