http://news.yahoo.com/s/nm/20070103/us_nm/boatshow_dc:puke:
Luxury yacht dealers see strong sales in 2007
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The Dow notched a 16 percent gain for 2006 and oil prices fell below $61 a barrel Tuesday, helped by unseasonably warm weather in the northeastern United States.
"The outlook is positive for a number of reasons, including the weather," said Allan Valunas, a brokerage consultant at boat retailer MarineMax Inc.
"Because of the weather, they'll put them in the water sooner," he said, adding that Wall Street's pay bonuses of nearly $24 billion should also be a boon to sales.
With five days remaining for the show, Cruisers has sold one 44-foot yacht for $499,000, an exhibitor said.
A buyer was also in negotiations to purchase the 57-foot Carver Marquis 55, whose price was listed at $1.25 million, show spokeswoman Raevan Naanen said. The yacht features master and VIP staterooms equipped with LCD TVs, bamboo floors and a spacious galley.
Visitors are seen at the 2007 New York National Boat Show in an undated handout photo. Boat dealers at the New York National Boat Show are upbeat about 2007 sales after a record year for Wall Street bonuses and the blue-chip Dow Jones industrial average. (New York National Boat Show/Handout/Reuters)