hakvoort

R. Allen Stanford's Yacht Sells For A Song

Filed under: Yachts & Sailing, Auctions, Crimes and Misdemeanors

Another fraudster's yacht has found a new home. Indicted financier R. Allen Stanford's 112-foot yacht, Sea Eagle, has been sold to an unidentified bidder for $3.25 million through Ardell Yacht & Ship Brokers of Fort Lauderdale. The yacht was listed for sale in March with an opening bid of $2.5 million. At the time Stanford's lawyers protested the auction, saying that it was too soon and that Stanford's belongings were being liquidated at bargain basement prices. Bloomberg quotes Stanford's lawyer, Ruth Brewer Schuster, who said that the billionaire spent over $16 million refitting the 1988 Hakvoort yacht into a beautiful sportfishing vessel. In a filed objection she said that "any failure to sell the Sea Eagle for an amount far and above Ardell's asking price of $6.5 million will be a complete waste of estate assets." Over the two month auction the yacht attracted only two bidders. It's not the ideal time to be selling a luxury yacht, especially in Florida where the market is clogged. Still, the buyer appears to have gotten a good deal on a yacht ready to enjoy Florida's fine sportfishing.

Stanford remains in jail facing a trial on 21 criminal charges that he defrauded investors of more than $7 billion through allegedly bogus certificates of deposit issued by Antigua-based Stanford International Bank Ltd. that promised big returns for investors. Stanford, who is worth over $2 billion, grew up in Texas but adopted Antigua & Barbuda as his second country. He had six planes registered with the Federal Aviation Administration and his Stanford Development Group owns a 7,000 square- foot, 14-room Mediterranean-style house in Houston, appraised at $2.5 million. He also faces parallel civil claims from the U.S. Securities and Exchange Commission and his criminal trial is set for January in Houston.

Tags: antigua, fraudsters, hakvoort, r allen stanford, yacht auction

The Plans For Pretty Woman

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing

It's not the most inspiring rendering I've ever seen but this is the only pic I've seen for the latest yacht from Hakvoort, the 128-foot Pretty Woman. The yacht is being built for charter and will have a range of 3,800 nautical miles and a cruising speed of 10.5 knots. The steel-hulled yacht has an aluminum alloy superstructure she which was designed by Azure Naval Architects. The interior design by Michela Reverberri is designed to sleep 12 guests. The interior has three crew cabins and a crew mess. The guest area includes four ensuite double guest cabins. The aft two cabins will have walk-in wardrobes and will be separated by a sliding wall so that they can be combined into a single VIP stateroom. The forward part of the main deck holds a tender and a deck crane. The wide aft deck includes seating for eight, two bars, a fridge/icemaker and stairways to the integrated swimming platform. The lounge has two built-in sofas in an open plan arrangement with the dining area. The division between the two includes a built-in dry bar and a large retractable flatscreen TV and DVD player. The full-beam owner's stateroom includes a king-size bed, LCD TV, washing machine, a large walk-in wardrobe with seats, and a study will include a desk and built-in sofa. The open aft area on the bridge deck includes an icemaker, fridge and two oval-shaped built-in sofas and a 10-person teak dining table. The sun deck has U-shaped sofas and a whirlpool bathtub that will hold four to six people.

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Tags: charter yacht, cruising yacht, hakvoort, pretty woman, PrettyWoman, yacht