Unconspicuous consumption is the hot new thing. That $300 million megayacht? Tacky, what with the layoffs. Private jet? Forget about it, after Detroit's debacle. Even the celebrity goodie-bag business is endangered.

At 289 feet, the Maltese Falcon, is the world's largest sailing yacht. Its owner, venture capitalist Tom Perkins, is over it. He's looking for a buyer to take the Falcon off his hands for about $233 million, according to The Wealth Report blog. Of the Falcon, Perkins once told Lesley Stahl on 60 Minutes: "I just…

The America's Cup is the world's premier opportunity for the ultrariches to prove whose is bigger. But if you think the race has anything to do with sailing, you'd be mistaken — it's about who can muster the most capital. This year the victor could be rigged by lawyers, not sailors, thanks to a spat between…

"I am embarrassed by [the price] ... There's the homeless and charity and there are lots of things you could do with that money that would improve the world, right? So you know, 'How selfish is this guy?' ... is the criticism. So the answer is pretty selfish, but I am not going to put a number on it." — Tom Perkins, …

NBC Universal announced today that it has bought Oxygen Media, that home for the has-been (see: "Tori & Dean," "Breaking Up With Shannen Doherty," and "The Janice Dickinson Modeling Agency,") for the bargain basement price of $925 million. The deal for the seven-year-old Lifetime-rival network will ensure that the…

From the Times, on how yachts must have helicopters and minisubs now: "'Today, a megayacht is indispensable,' said Olivier Milliex, head of yacht finance at the Dutch bank ING. 'It's not like 15 years ago, when a yacht was a luxury item.'" You know, I'm not sure if I really have anything to add! It's just not like 15…