How much it will cost to moor your superyacht at the Monaco Grand Prix

According to the DMARGE website, Istanbul-based luxury yacht manager Candaş Balci has revealed how much it costs to moor a superyacht in Monaco during one of its peak annual events.

There are different parking spots (berths) in the main marina that come with different rates depending on how much of the F1 track the yacht can see.

According to Balci, for a 35-metre yacht to park that has no view of the track, it will cost around €30 000 (R480 000) for the week.

The berths that look directly onto the track can go for around €50 000 (R800 000) to €100 000 (R1.6 million) for the week, “which is almost their yearly berth fee in a normal marina”.

This year’s Monaco Grand Prix will take place on Sunday, 29 May.

Red Bull’s Max Verstappen won last year’s race en route to clinching his maiden Formula One drivers title.