Looking to buy a 120+ foot Yacht

I don't know one way or the other nor does it matter.

Yachts are very expensive and not necessary... and are for pleasure of one type or another. The portion of people how can afford one and the longer term upkeep and operating expenses is very small compared to the general population... and the number goes down with the increase in length of boat.

Now often people that do have that kind of surplus for a long time have the assets as non liquid and cannot purchase or maintain or operate a yacht but have the intrinsic wealth tied up in these not so liquid assets as a yacht purchase requires. But they have the desire to own a yacht as a dream. These kind of assets may be a business, investments of one kind or another or as intellectual property. Often the sale of a business, a public offering or the sale or licensing of intellectual property results in a large influx of liquid assists and the happy result is a yacht can be afforded after many years of being cash poor. These situations are quite common particularly for first yachts... sometimes more often or not in these cases the situation allows the skipping over starting with small boats and gradual increases in size over time to allow going for the gold of a large yacht. Particularly with entrepreneurs who have sacrificed much of their time and lives acquiring the means...

AND THEN THEY DON"T KNOW OR HAVE CONTACTS.

I think it would be smart to ask around here rather than go off to some brokerage cold.

Do all the above. Get all the information one can. Then sort through it. As to whether legitimacy of posts, I administered a forum once and faced that issue. The issue was harm. Scammers snuck in and were gone quickly. But those who seemed a bit suspicious I answered as if I believed every word. As long as they posted nothing that harmed others, I was fine. Then ultimately the truth came out. Some got tired of the charade and disappeared. Others said things that clearly contradicted themselves and when confronted in private got angry or had no answers. But some turned out to be very real, just perhaps a bit offbeat. I think the administrator and moderators here do a great job. Most of us have no idea how much behind the scenes work they do. Frankly, it's nice to just be a participant and not to have to worry about any of it. Now even nicer, the weather and seas are good today and we're headed out to enjoy them.