A First For Indian Ecommerce: Luxury Yachts For Sale Online on SnapDeal Priced 20L
If we leave aside real estate properties which are now listed on ecommerce portals, then then this would qualify as the most expensive items listed on any Indian website: Luxury Yachts.
SnapDeal.com, in partnership with West Coast Yacht Services from Mumbai has decided to offer luxury yachts for wealthy Indians. Starting from Rs 20,00,000, the buy needs to deposit Rs 2,00,000 to start the proceedings.
As of now, there are 9 luxury yachts available on their website: Two variants of Gulfcraft’s luxury fly-bridge motor yachts (Majesty brand), two variants of Gulfcraft “Oryx” sports yachts, four variants of Gulfcraft “Silvercraft” family fishing boats and a family cruiser from JJ Boats.
The minimum priced yacht is Majesty 48 costing Rs 20,00,000 and the highest priced is Oryx 42, costing Rs 1.4 crore.
Here is the listing of Oryx 42 on Snapdeal.
As per the product description, “.. Transport yourself to another era as you come across the stylish and comfortable Owner’s Cabin, Toilet, a stylish Twin Guest Cabin, and a trendy Saloon/ dining area among other things.”
As per a blog published by Snapdeal, luxury products and services is a $ 14 billion (Rs 84,000) market in India, which is growing at a rate of 30% annually. The blog mentions that besides yachts, they are also selling “gem-studded watches, jewelry, apparels, and appliances among others”
Most Expensive Items Sold On the Web
Internet entrepreneur Mark Cuban holds the Guinness Book of World Records for purchasing the most expensive item on the Internet. In 1999, he purchased a Gulfstream V business jet for $40 million (Rs 240 crore) from a website, using his credit card. He is currently worth $2.3 billion.
In 2003, Bridgeville, a small town in California, USA was sold for $1.8 million in an online auction on eBay. This tiny 82 acre town had only 25 residents when it was auctioned by the Lapple Family which owned it since 1972. Few years later, another town called Albert in Texas was sold for $2.5 million.
Warren Buffet has sold a power lunch for $2.6 million, when the seats for a charity lunch was auctioned online. All funds collected were donated to a church.
In India, a diamond ring made headlines last year, when it was sold on Bluestone for Rs 11 lakh. We will wait and see how many Indians buy Yatch online, unfortunately they will have to do away with “Kitna Deti hai”