Fractional asset ownership is an ownership model, which is gaining wide popularity worldwide. The concept is being applied to many categories of high-value assets. Yacht co-ownership is one of its forms. It is a unique concept of luxury yacht ownership, which allows yacht aficionados from around the world to spend holidays aboard their own yachts without having to splurge on an expensive yacht charter.
Although the concept, introduced in the Mediterranean region by a Liechtenstein-based company SmartYacht, has proven to be a tremendous success, many potential yacht owners, who are considering investing into yacht shares, are still apprehensive of the concept due to a number of misconceptions. We talked to the CEO of SmartYacht Gerhard Chemelli, who helped us address those concerns. Read on as the five most common fractional yacht ownership myths get busted.