Hey everyone. I’ve noticed a lot of people just throw around the old "10% rule" when talking about yacht maintenance, but I wanted to see how true that actually is today.

I recently put together a detailed breakdown comparing the actual running costs (marina fees, insurance, crew, maintenance, etc.) for different boat sizes – from a 42ft dayboat all the way up to an 88ft superyacht. I also compared how drastically the costs shift depending on the market (specifically Miami vs. the French Riviera).

I made a video going through all the real numbers and quotes. I don't want to just spam links here, but let me know if this is something you guys would be interested in checking out and I can share it in the comments!

Some clubs are exclusive because they're expensive. Yacht Club de Monaco is exclusive because money alone won't get you in.

Here's the full story — and what membership actually involves.

🏛️ The History

The Yacht Club de Monaco was founded in 1953 by Prince Rainier III — the same man who would marry Grace Kelly three years later and transform Monaco into what it is today.

From the beginning, the vision wasn't just to create a social club for the wealthy. Rainier wanted to build a genuine centre for sailing culture, seamanship, and the preservation of classic yachting tradition.

For decades, the club operated from a modest building in Port Hercule. That changed in 2014, when a stunning new headquarters was inaugurated — designed by the legendary Norman Foster of Foster + Partners. The building stands on reclaimed land, literally built on the sea itself. From the harbour, it looks like a ship permanently moored in port — the fully glazed waterfront façade opens completely, erasing the boundary between the club and the water. Cascading terraces, fabric shades supported by masts and booms, and a rooftop mast complete the effect.

And it's not just beautiful — it's one of the most sustainable buildings of its kind in the world. Photovoltaic panels, a hydro-cooling system that recycles harbour water, LED lighting, solar tubes, and electric vehicle charging stations are all integrated into the design.

Today, Prince Albert II serves as Honorary President, continuing a direct royal connection that's now over 70 years old.

🌍 What the club actually is today

Over 1,500 members from more than 50 countries. Not just owners — the YCM actively includes sailors, ocean racers, classic yacht enthusiasts, and maritime professionals.

The club organises some of the most prestigious events on the Mediterranean calendar:

• Monaco Classic Week — a celebration of classic and vintage yachts that draws vessels from across the world
• Primo Cup — the unofficial opening of the Mediterranean racing season, held every January
• Rolex TP52 World Championship and various offshore racing events
• Monaco Energy Boat Challenge — one of the most forward-thinking events in sustainable sailing

The YCM Marina itself has 26 berths accommodating superyachts from 25 to 60 metres. And the club has been at the forefront of pushing the entire yachting world toward sustainability — working on zero-emission vessels, hydrogen propulsion research, and green marina standards. Not what most people expect from a "luxury" institution.

🔐 How to become a member — the reality

This is where it gets interesting — and where most people misunderstand what the YCM actually is.

You cannot simply apply. And more importantly — you cannot simply buy your way in.

The fees are significant. Let's leave it at that.

But here's the thing that surprises people: money is arguably the least important part of the equation.

The YCM is notoriously selective about new members — and deliberately so. The committee is not looking to grow. They're looking to protect the culture of the club.

What that means in practice:

1. Sponsorship from existing members Two people who genuinely know you must vouch for you — not business contacts, not people you met at a dock party. People who know your character and your relationship with the sea.

2. You must bring something to the community This is the part nobody talks about. The question the committee is really asking is not "can this person afford membership?" — it's "what does this person add to the club?" Are you an accomplished racer? A preservationist of classic yachts? Someone with deep maritime expertise? A figure who elevates the culture? That matters far more than your net worth.

3. They are not looking for new members The YCM doesn't actively recruit. There is no open application window. The club grows slowly, carefully, and only when the right person comes along. Patience isn't just recommended — it's required.

The practical reality? Build a genuine presence in the Monaco yachting world first. Compete in their regattas. Attend their events. Let your connection to the sea speak for itself. The club notices people who are serious — and ignores those who are simply eager.

💭 Final thought

What makes YCM different from other elite clubs is that it has a genuine identity — built around the sea, not just status. You can feel it in how they run their events, in their sustainability work, in the architecture of the building itself, in the mix of grand classic yachts and serious racing sailors at their dock.

It's not just a place to be seen. It's a place where people who are serious about yachting want to belong.

Have you ever attended a YCM event? Do you think this level of exclusivity protects the culture — or does it keep the yachting world too closed off? Drop your thoughts below 👇