Yachts At Monaco Grand Prix Are Paying Up To $1 Million This Weekend

The Monaco Grand Prix has earned its reputation as F1’s most prestigious race but its appeal extends far beyond the racetrack. 

Since ing the Formula 1 World Championship in 1950, this street circuit has captivated fans with its unique blend of luxury, tradition, and unforgiving racing conditions. Each year, dozens of luxury yachts fill Port Hercules, with owners spending hundreds of thousands of dollars for the opportunity to secure a berth with direct views of the circuit.

Monaco’s Port Hercules receives over 200 yacht applications every year for the Grand Prix but since the dock can only accommodate 142 boats, dozens of other boats end up lingering nearby, anchoring beside Monaco’s waters.

For spaces with non-track views, docking fees start at $25,000. Meanwhile, a berth with a direct sightline of the track can cost anywhere between $100,000 and $150,000. 

What Is The Most Expensive Yacht At The Monaco Grand Prix?

The largest yacht in the harbor this year is Faith, a 316-foot vessel valued at $200 million. Formerly owned by Aston Martin team principal Lawrence Stroll, he later sold it to Michael Latifi, the father of former Formula 1 driver Nicholas Latifi. 

The superyacht features amenities including a gym, theater, pool, sauna, helipad with a hangar underneath. With a direct view of the track, docking fees for the yacht will total around $150,000 this weekend. When factoring in costs for the full crew, fuel, food, maintenance, and hospitality, total expenses for the week are estimated to approach $1 million.

For owners and guests, docking at Port Hercules offers unparalleled access to one of the most coveted events in motorsport, combining prime viewing with privacy and luxury. 

But securing a coveted berth in Monaco isn’t easy. 

Just ask F1 driver Max Verstappen, who waited two years before he was able to dock his $15 million yacht Unleash The Lion during the Grand Prix weekend. Verstappen’s yacht is 109 feet long and houses up to 12 guests in five cabins. 

Cost Breakdown Of Docking A Superyacht At The Monaco Grand Prix

Operating a superyacht during Monaco Grand Prix week comes with costs that reflect the exclusivity of the event. Beyond just docking fees and fuel, owners invest heavily in staffing, hospitality, and logistics to deliver a seamless experience for guests. 

Here’s a look at how expenses can quickly add up to $1 million over the course of the week for some of the world’s elite.

• Docking Fees: $150,000
• Crew Salaries: $200,000
• Fuel and Maintenance: $150,000
• Food and Beverages: $100,000
• Event Hospitality and Entertainment: $100,000
• Transportation (tenders, jet skis, helicopter use): $100,000
• Miscellaneous Supplies and Services: $50,000
• Security and Logistics: $50,000
• Insurance (hull, liability, event coverage): $50,000
• Cleaning and Housekeeping: $25,000
• Communications and Technology Services: $15,000
• Licensing and Permits: $15,000