| > | | | | fractional ownership of yachts on the East and West |
| Fractional Ownership allows you the utilization of the | | | | coasts, in the Caribbean and in the Mediterranean. |
| luxury items you want, when you want them -- | | | | Classic automobiles such as the Lamborghini |
| without the headaches, expense and liability of full | | | | Murcielago, Lamborghini Gallardo, Rolls Royce |
| ownership. With fractional ownership, a luxurious | | | | Phantom, Bentley Continental GTC, Aston Martin |
| asset (jet, yacht, vacation home, classic car, | | | | Vanquish S, high-end Porsches and the Ferrari 360 |
| vineyard) is owned collectively with a group of other | | | | Spider are obtainable through fractional ownership |
| individuals. | | | | with various companies such as |
| Do you want a more sumptuous way of life | | | | extremecarshare.com, curvyroad.com, and Fractional |
| —- but do not have the million$ in ready | | | | shareowners in these clubs might choose a |
| money to finance it? You've worked hard and you've | | | | membership that lets them to alternate their |
| done well, but the corporate jet, the yacht and the | | | | possession of different cars in the fleet, rather than |
| $4 million beach home are not possible right now. | | | | only being the owner of a fractional share of one |
| Fractional Ownership may be the solution to your | | | | classic car. |
| dilemma! With fractional ownership, a high-priced | | | | RVs are an additional category of luxury item that |
| asset (jet, yacht, vacation home, classic car) is | | | | often sees only episodic use, so fractional ownership |
| owned in cooperation with several other people; each | | | | makes sense here too. Both and make fractional |
| owns a percentage split of the asset and has defined | | | | shares of Monaco luxury coaches available. |
| rights and privileges pertaining to its utilization. A | | | | Racehorses have long been owned by syndicates |
| management company supplies the continuity and | | | | —- groups of owners who jointly own them |
| organization to permit share owners uncomplicated | | | | to distribute the expense and risk. Associates of |
| and predictable access to the asset. | | | | syndicates were often friends or business associates |
| This idea operates well with many categories of | | | | who knew each other and privately set up the |
| assets whose usage may be periodic. As an example, | | | | syndicate. Now fractional ownership models are |
| second homes are occupied by their owners 2 | | | | coming into play. In Britain, the 2005 Vodafone Derby |
| — 4 weeks per year on average. If you've | | | | winner made history in the racing world: Motivator, |
| been to a marina lately, you've most likely become | | | | the winning horse, was not owned by a super-rich |
| aware that nearly all of the slips are occupied by | | | | breeder or public figure, but by a syndicate of 230 |
| boats — i.e., they are not being used. | | | | individuals from the smart-moneyed classes. |
| Corporate jets remain idle until travel is required by | | | | The fractional ownership notion is being creatively |
| the executives. | | | | expanded into a lot of areas. Wine Estate Capital |
| Fractional ownership gives you as the share owner | | | | Management makes fractional ownership of vineyards |
| reliable access to that luxurious asset you want or | | | | in France and South Africa available to interested |
| need but don't want to pay for 365 days a year. | | | | buyers. Numerous art donors find it useful to make a |
| And, because you are part of a pool of owners, all | | | | contribution of a fractional share of their art to the |
| maintenance, management, upkeep and repair costs, | | | | museum of their preference, thus ensuring their |
| taxes and insurance are shared among the members | | | | continuing enjoyment of their collection for a portion |
| of the group. The management company provides a | | | | of each year. |
| schedule for owners' usage, and takes care of | | | | Luxury purses are now obtainable by fractional |
| routine maintenance, accounting and repairs. | | | | ownership, so if you choose to diversify your |
| In short: you have what you want, when you want it | | | | collection without buying them all, your dilemma is |
| -- without the headaches, expense and liability of full | | | | solved. offers handbags by Chloe, Balenciaga, Louis |
| individual ownership. | | | | Vuitton, Prada, Burberry, Marc Jacobs, Chanel and |
| Fractional ownership is being utilized more and more | | | | more. |
| for ultra-luxury items. Many corporations offer | | | | The most common use of the fractional ownership |
| fractional shares of corporate jets(flexjet.com, | | | | model, however, is in the vacation home sector. |
| netjets.com); turboprop aircraft (avantair.com); and | | | | Because of the growing attractiveness of fractional |
| helicopters (heliflite.com, sikorskyshares.com). | | | | vacation home ownership and the additional |
| Fractional ownership of luxury yachts -- both power | | | | complication of dealing with real property, this theme |
| and sail -- is common. Companies like | | | | will be the subject of a subsequent article. |
| monocleyachts.com, eusamarine.com, and offer | | | | |