Bugatti makes fast cars. The fastest in the word, in fact. But once upon a time, Bugatti didn’t just make fast cars. It made boats as well.

Now, alongside aforementioned fast cars – like the ‘Chiron’ super sports car scheduled for next year – Bugatti is making boats again. So, meet the brand new Bugatti yacht, called ‘Niniette’ and as reassuringly expensive as its automotive offerings.

It’s called Niniette after the nickname Bugatti founder Ettore gave to his daughter Lidia, and is the first of a planned three-model line-up built in collaboration with renowned boatists Palmer Johnson.

The basis of the new boat is Palmer Johnson’s SuperSport series. It’ll manage a top speed of 38 knots – just over 43mph.

The design is said to echo classic Bugs like the Type 57 C Atlante, and the Type 41 Royale. There’s also stuff like a two-tone colour scheme, lots of lightweight titanium and dark blue, exposed carbon fibre. Also wood. No quad-turbo W16, mind.

The PJ63 is 19 metres long, and accommodates up to four guests and a crew. This one starts from €3.25 million, the equivalent of about £2.4m. The PJ42 (13 metres) and PJ88 (27 metres) are also available, with prices for the smallest starting at around £1.4m. Which is likely about what you’ll pay for a new Chiron…