I have always classed “Yachts” as being a “Documented Vessel in the luxury class”

Simple really, those of us here can’t afford either. A yacht is a luxury boat if you can afford a crew so you do nothing but look at your trophy wife and your girlfriend on the back deck and they are both fine with it.

Any boat, be it inexpensive or luxury, might be a yacht. In this day and age, a yacht is determined mostly by the pride in ownership it displays. I have seen old wooden boats that were only 20 feet long but were restored beautifully, some actually varnished to the bottom of their keel; vessels truely worthy of the title yacht.

A yacht is over 40 ft. and has full aminities.

The people that own it>?An that can afford it>?

Wow… After reading these answers, I am compelled to offer my own answer.

I have never heard the term “luxury boat”. So…

Not all yachts are luxury boats. Not all luxury boats are yachts, but some do overlap. I have been aboard both motor yachts and sailing yachts that were certainly luxurious.

I have been aboard dinghys that are luxurious.

I don’t think loa (length), or price, would be a defining factor for a luxury boat.

However, one answer above states any boat less than 30′ valued over 1 million is luxury. That certainly limits it. I have yet to see a 30′ or less boat worth half that.

I have a friend who is in the business of overseeing yacht rebuilds and retrofits and there seems to be a need for people who can understand and repair electrical, HVAC and plumbing systems. Corrosion control is another huge one — corrosion seems to be a major factor in the degradation and deterioration of any marine vessel. Also, inspections for safety, insurance claims and for certifying seaworthiness for people looking at buying a yacht (similar to home inspectors who work for realtors and mortgage companies.) However, all of these require quite a lot of tecnical training and tests for certification. So they may not be what you are looking for in the short run.

Commision sales! There is no investment needed except time.

The original dictionary definition is a boat with a sail on it. This has changed over the years, usually with a luxury feeling now..

Insurance.

There is a well known saying:
The best way to make a small fortune in the marine industry is to start a business with a large fortune.