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Take a look at this sleek $3.7 million yacht that has 3 bedrooms and is perfect for Ibiza parties

  • Yachting has long been a favorite pursuit of the rich and famous.
  • Insider recently attended London Luxury Afloat, an event that showcases expensive yachts.

From top business leaders and royals, to sports stars and Hollywood celebrities, yachting has long been a favorite pastime of the rich and famous.

But the yachts have changed considerably since the days when Richard Burton and Elizabeth Taylor took to the seas, for example.

Whether it's Amazon founder Jeff Bezos' $500 million megayacht or Walmart heiress Nancy Walton Laurie's $300 million aquarium-equipped superyacht, the boats are bigger and flashier than ever.

Insider last month visited London Luxury Afloat at St Katharine Docks, a stone's throw from Tower Bridge and the Tower of London, to get a glimpse inside this affluent world.

Take a look inside one of the yachts that was on display.

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