yacht auction

Jock Whitney's Elegante Yacht Up For Auction

The yacht shown above is the 63-foot, wood-hulled motoryacht Elegante. The one-of-a-kind yacht was built for was John Hay "Jock" Whitney, a multimillionaire sportsman and the founder of J.H. Whitney & Co., the oldest venture capital investment company in the United States back in 1964. The yacht will be at the Fort Lauderdale International Boat Show this week and is up for auction on October 30 at B-dock at the Bahia Mar Yachting Center. The yacht is powered by twin Detroit 60 series turbocharged engines and can hit a top speed of 24 knots. It sleeps four and can host up to 25 for day cruises. For more info on the Motor Yacht Elegante and to see a video of the yacht in motion visit the yacht website.

[via Trade Only Today]

Gallery: Jock Whitney's Elegante Yacht

Tags: J.H. Whitney, jock whitney, wooden yacht, yacht, yacht auction

Emerald Isle Yacht Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing, Auctions

The lovely Emerald Isle, a 126-foot Christensen motor yacht, will sell at auction at the Lauderdale Marina on August 24. The tri-deck yacht is being auctioned off through J. P. King Auction Company and has a minimum reserve of $2.85 million (it was once on the market for $7 million). Built in 1993, the yacht went through a $2 million refit in 2009 that includes a new micro-command system and a major engine overhaul. It has four cabins and a sky lounge. The main salon is outfitted with European fabric, onyx tabletops, wet bar and Brazilian Honey Teak cabinetry. The 126-foot yacht has a full width master suite on the main deck with his/her ensuite marble baths with gold waterfall faucets, and LCD flat screen TV/Sat TV/DVD. A second full width master suite also has his/her ensuite marble baths, dual hanging closets, walk-in closet, and LCD flat screen TV/Sat TV/DVD. This suite is furnished with a chair, ottoman, and vanity with stool. The yacht is fully equipped with HD LCD televisions, a Sub-Zero refrigerator in the large galley, and high-tech navigation equipment. It comes with a tender, a 2009 20-foot Novurania, and a pair of 2009 jet skis for ship to shore jaunts.

"Emerald Isle was special for us because it was big enough to be roomy, yet it was small enough that we could go into areas that other boats could not go," said Bonnie Harvey, the owner of Emerald Isle. "It was like home."

The auction will take place on Tuesday, August 24 at 11 a.m. at the Lauderdale Marina at 1900 S. E. 15th Street in Ft. Lauderdale. For additional information, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

Tags: emerald isle, jp king, yacht auction

R. Allen Stanford's Yacht Sells For A Song

by Deidre Woollard (RSS feed) —

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

Yacht Auction Is A Great Deal For One Lucky Bidder

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing, Auctions

Last month I mentioned that Dave Ritchie, co-founder of Vancouver-based Ritchie Bros. Auctioneers, was selling his 220-foot luxury megayacht, Apoise at a Ritchie Bros. auction in Grand Cayman on March 30. Whoever bought it seems to have gotten a great deal. The Apoise, the world's 89th largest yacht, sold for $46.6 million. That may sound like a lot but the yacht has an estimated worth of $87 million. Ritchie had originally paid around $90 million and then spent more on a refit in 2009. The Lurssen yacht was sold without reserve meaning that the highest bid gets it no matter what, a situation that worked out well for this buyer.

The yacht has room for 12 guests and 19 crew and cruises at 14 knots and there is an outdoor Jacuzzi on deck. Ritchie bought the yacht in 2006 when he retired as chairman of Ritchie Brothers. In a press release for the auction announcement Ritchie said that he enjoyed cruising the world on the yacht but thought it was time to sell. Despite the discount price Stephen Branch from Ritchie Bros. stated that "the owner is extremely happy with the outcome."

Tags: apoise yacht, ritchie brothers auctioneers, yacht auction

Yacht Auction Group To Put Five Cary Marine Yachts On The Block

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing

We've covered house auctions from J.P. King before but they are also partnered with Yacht Auction Group which is based in Fort Lauderdale. This summer on July 20, they will be auctioning off five former model boats from Cary Marine. The five boats include two 70-foot yachts, two 50-foot yachts and one 45-foot yacht. The 2001 model shown here has a fiberglass hull and twin Deutz 1400-horsepower diesel engines. it sleeps four in two staterooms.

Source

Tags: auction, boat, cary marine, power boats, yacht auction

Yugoslav President Tito's Yacht Up For Auction

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing

The yacht belonging to former Yugoslav President Tito may end up becoming a museum at a Croatian port. Galeb, a 400-foot yacht once known as the ship of peace has had a rough road since its owner John Paul Papanicolau (who also owns the Christina O) bought the boat from the government of Montenegro. He had intended to turn it into a luxury yacht but the work never started. Eventually debts for maintenance piled up and the boat is set for auction on May 9. The estimated value is $275,000 but it could cost over $40 million to repair the rusting hull and damage caused by humidity. The yacht was once a luxury palace that hosted world leaders and movie stars like Elizabeth Taylor and Sophia Loren. Croatian authorities have made a preservation order on the ship and Vojko Obersnel, the mayor of Rijeka is behind the plan to buy the yacht and turn it into a museum.

Source

Tags: croatia, galeb, tito, yacht, yacht auction