Superyacht Arrow was the princess, no, the queen, of the Palm Beach International Boat Show. The absolute highest echelon of bravado and affluence and repute at 246 feet long and a price tag of $151 million, it glowed in steel and aluminum with glass bulwarks, an elevator, and six sumptuous staterooms.
In all its superfluous opulence — a reflection of the wealth pooling in South Florida — it sold at an undisclosed price in fewer than three months on the market.
Within weeks, two prestigious yacht brokerages announced they were launching offices in West Palm Beach and Palm Beach.
London-based TJB Super Yachts opened its first South Florida office in Palm Beach this month between the ocean and the town’s marina, which underwent a $40 million upgrade two years ago to allow for more high-end vessels. The marina has a 22-boat waiting list for an annual slip lease, which can cost upward of half-a-million dollars depending on vessel length.