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We spent $20,980 to see the Formula 1 Grand Prix live. The luxury yacht party and epic balcony views weren't even the best parts.

  • My fiancé and I splurged on a trip to Monaco for our very first Formula 1 Grand Prix.
  • For about $20,980, we stayed in Nice, France, and attended the races all weekend.

My fiancé and I saved up to celebrate our recent engagement in style during one of the year's most iconic, expensive weekends: the Formula 1 (F1) Monaco Grand Prix.

The F1 Monaco Grand Prix is an annual race for drivers in the highest class of international racing for single-seater formula cars.

Though the sport is popular in Europe, it gained the attention of international audiences with the release of Netflix's Formula 1 documentary series, "Drive to Survive." In a 2022 poll from Morning Consult, 53% of nearly 1,900 F1 fans said the series contributed to their interest in the sport.

However, we've been dedicated F1 fans long before the series launched in 2019, and have always considered the Monaco Grand Prix the best race on the calendar.

Like many fans, we were willing to splurge to see some of our favorite drivers and were excited to attend the event this past May. We purchased a package from F1 Experiences for £15,220, or about $19,370, with a $1,610 yacht party add-on. The package for my partner and me included a hotel stay, two days of live racing, and transportation to and from the event.

From an unbelievable balcony view of the racetrack to cheering on a historic win, here's what the experience was like.

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