Russian oligarchs can't buy superyachts — but rich Americans are helping to fill the void

• Superyacht sales fell 17% in 2023, but still stayed above pre-COVID levels.
• Sanctions imposed on Russian oligarchs dented the market, but America helped split the difference.
• Florida, where most US users base their boats, has been doing especially well, one expert said.

Both new and used superyacht sales of vessels longer than 100 feet fell again 2023 — in part due to sanctions imposed on Russian oligarchs.

But steady sales in America are helping to split at least some of the difference.