Long time Spectator columnist Taki has often written about his yacht Bushido and his frustration at the rise of the super yachts aka “floating gin palaces”. Yesterday his exasperation at the new rich reaches new heights and he writes rather cryptically that “As of this summer . . .  it’s THE END.”

What could he mean?

A quick search for “Bushido for sale” reveals that the very elegant teak-laden boat is not only for sale but has had a chunky 25% price drop too !

When the economic crisis has hit even those super rich Greeks who long ago got their cash out of the country then you know things are coming to a head . . . is this the first example of the economic crisis’ trickle-up effect?






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