31 March 2011 From April 22nd to 24th this year, some of Australia's top notch racing yachts would take part of the 62nd Brisbane to Gladstone Race which is Queenland's premier offshore passage race. Peter Harburg's RP 66 "Black Jack", Grant Wharington's yacht "Skandia" and Bruce Absolon's Volvo 60 "Spirit of the Maid" are among the most well-known strong participants of this annual event. As dictated by the competition's tradition, this race would start at Brisbane which boasts of its gorgeous river and proximity to the east coast, which provides a greater yachting experience for those who would like to de-stress themselves after being burned out by work. Of course, this relaxing time would be best served with a very elegant and luxurious yacht. Yachting, for the new generation, is no longer about where to sail but it's all about how lavish the one that you are sailing in. The more classy and costly your yacht is, the higher the prestige you get. Hmmm... The feeling must be exactly what it is for these owners of the most expensive yachts in the world : 5. Octopus Source: upload.wikimedia.org Worth: $ 200 million This world's eighth largest yacht is owned by Microsoft co-founder and America's 3rd richest man and the world's 7th, Paul Allen, which stretches for 414 feet. Launched in 2003, this yacht boasts of 2 helicopters, 7 boats and a submarine with room that can accommodate 10 men. It requires an annual budget of $20 million in order to