Most innovative: Maltese Falcon

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Unlike traditional sailboats -- where the sails are moved around the mast to catch the breeze -- the sails on this 257-foot superyacht are fixed, and the entire mast rotates to capture the wind.

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In addition to this groundbreaking technology, the yacht is said to have beautiful lines and all-around superb construction.

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The Falcon was built in 2006, "but still captures the imagination today," said Paul Ashton, editor of SuperYacht World.

First published June 13, 2014: 11:30 AM ET
Source: CNNMoney compiled this list with help from experts at Boat International,, SuperYachtTimes, Superyacht World and The Superyacht Group. Cost and ownership data are from Wealth-X unless otherwise noted.

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