In this crazy over-botoxed blingety-bling world, there's no sport that doesn't have its ultra-elite crowd. Golfing can be for the common man, and can also be the most upper-class event you can imagine. Hockey games have regular old seats and then the fancy owners and corporate people have their champagne box seats. Yachting was made for the elite. Here in Iceland thankfully it's too cold for bronzed beauties to be sunning themselves on their boats (instead they just get drunk on Fridays and Saturdays and go to the clubs wearing next to nothing while meanwhile it's snowing out), but I can imagine the boats themselves being really snobby. Kind of like a miss america pageant for the sea-worthy.
(click on the image for more bejeweled yacht admiring.)