##Highlights of the Article:
1. Superyacht sales declined in 2023, with a 17% drop in new superyacht sales compared to the previous year.
2. Sales of superyachts over 200 meters decreased by 40%, mainly attributed to Russian buyers withdrawing from the market after the Ukraine invasion.
3. Despite the decrease in new sales, there was a 31% surge in the number of superyacht completions, indicating a growing demand for the yacht economy.
##Summary:
The article discusses the decline in superyacht sales in 2023, with factors such as long waiting lists, rising costs, and sanctions impacting demand. Sales of new superyachts dropped by 17%, with a significant decrease in sales of yachts over 200 meters due to Russian buyers exiting the market following the Ukraine invasion. However, there was a notable increase in superyacht completions, reflecting a growing demand for the yacht industry.
Editorial content by Sierra Knightley
