I guess $40 Million or thereabouts is a good price, but not a steal for this abandoned 300 ft megayacht. It would take $150 million to $30 million to recreate it, but it is 18 years old and was built by a slightly secondary builder, Oceanco. I’m sure a new owner will invest $5 million or so to spruce up the interior and cosmetics, repair any major mechanical issues and try to flip it for $75 million.
Nice payday for Stuart Larsen, long-time, big-time yacht broker. He represented the seller AND buyer for this glitzy 235’+ megayacht that was listed at...