Filed under: Yachts & Sailing
At least one millionaire is still ready to upgrade to a larger yacht but can he sell the old one first? Irish packing tycoon Michael Smurfit has put his 165-foot yacht, the Lady Ann Magee up for sale for 16.5 million euros. The Herald reports he bought it eight years ago for more than 40 million euros. The yacht has six cabins and has been in charter service for years for around 200,000 euros a week. Rod Stewart hired the yacht after his wedding to Penny Lancaster in 2007. The luxury yacht has a swimming pool, jacuzzi and water toys including a sailboat. The yacht was launched by the Italian shipyard, Codecasa in 2001 and has a cruising speed of 16 knots. The listing says that the owner has a 65 meter (213 foot) yacht launching in 2009 and that the yacht has been "seriously priced to sell in the current market."
Gallery: Lady Ann Magee Yacht