Madoff's Yacht Up For Sale

by Deidre Woollard (RSS feed)
Aug 21st 2009 at 2:02PM

Bernie Madoff's houses haven't hit the market yet but they will soon. Meanwhile another of his luxury possessions, his 90-foot yacht in Antibes, France has been put up for sale. Yacht broker Wyles Hardy has been given the listing. The yacht was built by Arno shipbuilders in 2007. It has six berths including an owner's ensuite stateroom, a VIP cabin, guest cabin and three crew berths. The yacht has a top speed of 42 knots. It is being sold by private treaty on behalf of Grant Thornton UK LLP - the joint provisional liquidators of Madofff's securities firm. No word on a price but based on a search of similar yachts, this one should sell for three or four million euros.

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