The troubling curse of yacht envy in Monaco

However fancy your boat, there’s always someone having a better time than you are

Worried about the credit crunch? "I have some cheering news," says Matt Rudd in The Sunday Times. Not everyone is battening down the hatches: the super-rich are doing just fine.

Rudd is in Monaco for a day or two as a guest on an £8m yacht. Over canapes, George Fortune, a yacht broker, explains what the downturn means in this rich man's haven. "In the 1980s, the biggest yachts were 100ft long. Now, they're 300ft plus. The market is booming. There's a drop-off for 70ft and under, but if you want a really big boat, you'll have to join the queue."

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