Rich Russians' motto: Show me the yacht!

Luxury boats are all the rage at this year's Millionaire Fair

MOSCOW - The glitzy casinos of Monte Carlo and the posh Alpine ski resorts of Courchevel and St Moritz have become familiar with the Russian accent.

Now, wealthy Russians are invading the open seas, swapping fancy cars for multi-million dollar yachts with a sharp increase in the number of high-class boats over the past year.