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Luxury yacht (also superyacht, large yacht and mega yacht) is a very expensive, privately owned, professionally crewed sailing or motor yacht.
A luxury yacht over 24 metres (79 ft) is considered as a "superyacht".
This term began to appear at the beginning of the 20th century, when wealthy individuals constructed large private yachts for personal pleasure, such as Charles Henry Fletcher's Jemima F. III, at 111 feet, the largest motor- powered yacht in the world in 1908. More examples of early luxury motor yachts include the Cox & King yachts, Charles L. Seabury and Company's yachts, M/Y (motor yacht) Christina O, and M/Y Savarona. Early luxury sailing yachts include America's Cup classic J class racers such as Endeavour and Sir Thomas Lipton's Shamrock.