An unfinished 168-foot superyacht abandoned in 2007 just sold after going up for auction with bids starting at $1.5 million — see inside the 40% complete yacht

An unfinished superyacht abandoned just before the Great Recession was up for auction starting at $1.5 million.
The 168-foot motoryacht could cost between $16 million to $25 million to complete.
Take a look at the nearly half-finished motoryacht that was just sold on November 15.

The auction for a 168-foot superyacht starting at only $1.5 million — an absolute steal — has officially closed.

The catch? It’s only about 40% finished and the winning bidder is now responsible for bringing the 168-foot Trinity Tri-Deck yacht to life.

The final sales price of the vessel, sold through Boathouse Auctions, is not public.

But Jack Mahoney, a director at Boathouse Auctions, told Insider in an email that there were 32 interested groups that resulted in three final bids.

And both the buyer and seller were ultimately “pleased with the outcome,” Mahoney said.

Yacht and boat sales have continued to skyrocket throughout the COVID-19 pandemic with some ultra-luxury yachts selling for millions of dollars above their initial asking price.

Source: Insider

And the ultra-wealthy’s demand for luxury homes at sea has yet to slow down.

Superyacht sales hit a record high in 2021 even as manufacturers struggled to keep up with demand amid supply chain and staffing problems.

Source: Insider

This incomplete yacht may not be turnkey like the other vessels that have been sold during superyacht market’s boom, but at least it is semi-customizable.

The previous owner of the 168-foot Trinity was formerly owner of the now-defunct luxury yacht-building company Trinity Yachts.

In the face of the Great Recession, the project was abandoned in 2007 when it was only 40% complete.

Since then, the half-finished semi-displacement yacht had been stuck in storage where it was regularly checked.

After several years, the …read more

Source:: Businessinsider

Leave a Reply

Your email address will not be published.