The incredible 289-ft. Maltese Falcon is still the world's largest, best designed, and most expensive sailing yacth - but not for much longer. Turkish yachtbuilder Dream Ship Victory just signed a contract with the same team that designed the Maltese – naval architects Dykstra & Partners and Ken Freivokh Design – on a new 463-ft. sailing superyacth (above) that will literally dwarf the competition and become one of the largest yachts in the world. Unlike the Maltese however the new Dream Ship will be constructed entirely of wood, and will boast four masts to the Falcon's three. An initial concept of the new behemoth, which features an Art Deco-inspired streamlined design, was presented at the Monaco Yacht Show on the Dykstra & Partners stand and construction is slated to begin in 2011.
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