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Boat of the Week: Inside ‘Secret,’ the Lavish 271-Foot Superyacht Owned by Walmart Heiress Nancy Walton Laurie
Walmart heiress nancy walton laurie's 271-footer has an eclectic interior of black and gold, along with splashes of red, as well as other, well, secrets., julia zaltzman, julia zaltzman's most recent stories.
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It would take the sale of approximately 5.75 million HP ink cartridges to fund the $92 million purchase of superyacht Secret , currently listed for sale with Burgess. The ink cartridges were one of Walmart’s top-selling products in 2021, and might well have contributed to a successful year of yachting for Secret ’s owner, Walmart heiress and philanthropist Nancy Walton Laurie.
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As the largest yacht on display at last month’s MYBA Charter Show in Barcelona, and one of three yachts reportedly owned by Laurie, the 271-foot beauty built by Abeking & Rasmussen in 2013 provides some insight into the family’s tastes and preferences.
The main salon’s bold color scheme by interior designer Jim Harris mixes pillar-box red sofas and carpets with ornate gold wall art. It’s a brave step change from the neutral beige and gray tones often selected by owners, typically with resale value in mind.
Courtesy Burgess
The designers also moved the formal dining room to the upper deck, leaving a large entertaining space to watch sports and socialize. A monochrome marble bar with a glass backdrop, views to the main deck aft and an onboard mixologist all help to set the tone. When it comes onboard socializing, Secret pulls no punches.
Guests arrive via the lower deck beach club or the main deck side entrance, where luggage can be ushered into the color-coded lower deck guest cabins. There are some unusual perks to being a guest aboard Secret . Heated bathroom floors feature across all guest suites, while guest mattresses are singles that zip together into doubles for greater flexibility.
The upper-deck, full-beam master suite, named Chanel to reflect the black-and-champagne silk color scheme, is highly personalized. Separate his and her en suites have their own amenities: Hers has a full-sized bath, and his has higher countertops to accommodate former basketball player and owner Bill Laurie’s 6’ 4” height. Both have steam showers. The private office is considerably smaller than the VIP office to accommodate the owner’s request for an oversized walk-in wardrobe.
The most surprising area on board is the “Valentina” main deck VIP guest suite, named after the Valentina-inspired white spiked headboard. The master has sea views and a private terrace, but the full-beam VIP, decorated and claimed by Laurie’s adult daughter when her family is on board, is arguably the superior option. It shares the same footprint as the master but enjoys a greater attention to detail. The ensuite, decorated in black-and-white stripes, has two day heads—one with bidet—and a central wet room fitted with a shower and full-sized bathtub.
The monochrome décor is echoed throughout the yacht, from the upper-deck sky lounge to the guest hallways. In the 12-person cinema, red Porsche leather armchairs are mirrored in the leather ceiling panels. The dedicated treatment room enjoys an onboard beautician and masseuse who specializes in hot Swedish massage.
A glass elevator connects the lower deck to the bridge deck, where an indoor glass-fronted gym and outdoor pool are located. For sundown soaks, the sun deck Jacuzzi ticks the box.
The regal salon. Courtesy Burgess
Last refitted in 2018, the yacht started out life at 256 feet, with an additional 16 feet added to accommodate the owner’s choice of an aft deck dining table. It’s the preferred space to enjoy buffet-style breakfasts, protected from view by high bulwarks. Further al fresco dining for 14 people is available on the lower deck beach club, where a “dining under the stars” themed evening sees guests enjoy meals at the water’s edge beneath a blanket of twinkling LEDs and real constellations above.
For families and guests with a competitive spirit, the beach club, equipped with changing rooms and rain showers, is the center of watersports action. A serious collection of toys, including kneeboards, flyboards, trampolines and towables are matched by an inflatable assault course erected by the crew for “Sports Olympics.” The addition of a female water-sports instructor has proven popular with charter guests. When the weather’s bad, the karaoke system comes to the rescue.
The main dining area was moved to the upper deck for a view and access to the outdoors. Courtesy Burgess
It’s no secret that smaller yachts in the 190-foot size range are proving more popular on the global charter market at present, preferred for their ability to access smaller ports and anchor close to shore. But Secret pulls out all the stops for guests looking to enjoy time aboard a yacht maxed out with amenities and personality, provided in a covert setting. All in all, definitely worth the printer cartridges.
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Motor Yacht
New Secret is a semi-custom motor yacht launched in 2017 by Amels.
AMELS are masters in the art of modern Dutch high-value yacht building. The yard is the largest superyacht facility in the Netherlands and one of the top superyacht builders in the world. In 2005 AMELS launched the successful LIMITED EDITIONS and delivered the first yacht of the series in 2007. The shipyard also specialises in the build of full-custom superyachts, with the in-construction Project Signature due to become the largest superyacht ever built in the Netherlands upon her scheduled launch in 2025.
New Secret measures 74.00 metres in length, with a max draft of 3.85 feet and a beam of 12.45 feet.
Tim Heywood, the multi award-winning yacht designer, has produced some of the finest and largest yachts on the water. Among his exceptional designs is the stunning 133m Al Mirqab, which was awarded the coveted ‘Motor Yacht of the Year’ at the 2009 World Superyacht Awards.
Her interior design is by Winch Design.
New Secret also features naval architecture by Amels.
New Secret is a semi-custom Amels 242 model.
Performance and Capabilities
New Secret has a top speed of 16.00 knots and a cruising speed of 15.00 knots. She is powered by 2 3508b diesel engines .
Accommodation
New Secret accommodates up to 12 guests in 6 cabins. She also houses room for up to 19 crew members.
Other Specifications
New Secret has a hull NB of 2.
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Save searchLog in or create an account to save your search.  MOONLIGHT II EUR 68,000,000
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 HERE COMES THE SUNEUR 199,000,000†
 O'PTASIAEUR 89,999,000
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Buy a yachtDiscover the Burgess difference At Burgess, we always go the extra mile to find your perfect yacht and are here to guide you every step of the way during the process of buying a yacht. From securing private viewings to sourcing the best luxury yachts for sale from around the world, our expertise is your guarantee. Access to luxury yachts unavailable on the open marketWe don’t just have access to the largest public inventory of new and pre-owned luxury yachts to buy on the market, we shortlist your selection from a wide-reaching network of yacht owners to ensure you only ever get the yacht that you truly want. Highly experienced yacht brokers with your needs in mindWorking together to deliver the best results is integral to the Burgess DNA, so all Burgess brokers share information globally to guarantee unrivalled market insight and ensure client requirements are always met. There is nothing more important than customer satisfaction. Unrivalled view of prevailing market opportunitiesThe market moves quickly in the superyacht world, which is why we have positioned ourselves to gain the best vantage point, with access to the most attractive yachts to buy, to ensure you have a tailored selection wherever you are in the world.  Price reduction on NAVETTA 42 AMADEUS for sale SURAMA is for sale Sold: Overmarine's 39.7m CRAZY Custom Line NAVETTA 33 is for sale Price reduction on 38m PERLE BLEUE As-new SODAN is now for sale QUEEN B SPORT is for saleSign up to our newsletter, stay in the loop. Subscribe to our newsletter to keep updated with all things Burgess. What would you like emails about?
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Yachts for SaleFor aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more. Explore luxury yachts for saleSearch for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport . Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale . Yacht Features Propulsion System We value your privacyWe use cookies to improve your experience. Find out more by visiting our cookie policy or, alternatively, update your preferences below. SCROLL DOWN The 74m New Secret is the second Amels 242 from the Limited Editions range. Winch Design developed the yacht's modern and sophisticated interior, while Tim Heywood was responsible for her striking exterior looks. New Secret is a triumph of contemporary interior architecture and design, interpreting the owners’ characteristics into an artistic design language all of their own. The grand central staircase and elevator's stunning feature wall from Lower to Bridge Deck reveals the crystal inside volcanic rock. Finely milled, polished and backlit, the golden agates slices are a strong metaphor for the discovery of inner beauty. Equally, the staircase column has a seashell form spiralling upward, while lighting below highlights the structure from the inside. Enormously challenging to engineer, it is like running your hands within the curves of a nautilus shell. Back to Sea Please use a modern browser to view this website. Some elements might not work as expected when using Internet Explorer.
NEW SECRET Interior & Exterior Photos74m / 242'9 | amels | 2017.
 NOTE to U.S. Customs & Border Protection SIMILAR LUXURY YACHTS FOR CHARTERHere are a selection of superyachts which are similar to New Secret yacht which are believed to be available for charter. To view all similar luxury charter yachts click on the button below.  Aqua Mekong62m | Saigon Shipyard Co Ltd from $358,000 p/week  from $965,000 p/week ♦︎  63m | Sunrise Yachts from $430,000 p/week  Silver Fast77m | SilverYachts from $670,000 p/week ♦︎  70m | Benetti from $762,000 p/week ♦︎  from $511,000 p/week ♦︎  61m | Abeking & Rasmussen from $650,000 p/week  75m | Feadship from $900,000 p/week *  63m | Benetti  72m | Dunya Yachts from $660,000 p/week  74m | Trinity Yachts from $611,000 p/week ♦︎  80m | Yachtley from $889,000 p/week ♦︎ As Featured In The YachtCharterFleet Difference YachtCharterFleet makes it easy to find the yacht charter vacation that is right for you. We combine thousands of yacht listings with local destination information, sample itineraries and experiences to deliver the world's most comprehensive yacht charter website. San Francisco
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Receive our latest offers, trends and stories direct to your inbox. Please enter a valid e-mail. Thanks for subscribing. Search for Yachts, Destinations, Events, News... everything related to Luxury Yachts for Charter. Yachts in your shortlist The Real Cost of Buying & Owning a 50-Foot YachtA 50-foot yacht can be difficult to maneuver, especially in tight spaces and harsh weather, so you need to invest in proper training for yourself and your crew. You may also need to apply for special permits and licenses to operate in certain areas. These factors can add up quickly to the overall costs, so if you are determined to own a 50-foot yacht, here's the real cost of buying and owning one. The total estimated upfront costs of buying a 50-foot yacht range from $458,000 to $692,000 and include the initial purchase price and other fees. There are also hidden costs that total $70,000–$300,000+ per year. For ongoing costs, the total estimated annual costs are $35,000–$85,000 per year. Although costly, with proper budgeting, maintenance, and strategic planning, you can manage the costs of owning a yacht and still enjoy the lifestyle that comes with it. Let's look at some practical tips to help you manage the costs of owning a 50-foot yacht.
 On this page:Cost of buying & owning a 50-foot yacht, upfront costs of buying a 50-foot yacht, hidden costs of owning a 50-foot yacht, ongoing costs of owning a 50-foot yacht, tips for managing the costs of owning a 50-foot yacht. When buying a 50-foot yacht, there are several costs to consider, such as upfront costs, hidden costs, and ongoing costs per year. Here's a rundown on the all-in cost:
In this section, we will break down these costs into sub-sections to give you a better idea of what you can expect.
The purchase price of a 50-foot yacht varies depending on the modelDifferent models of yachts may have different features, amenities, and capabilities, which can affect their value and appeal to buyers . A high-end luxury yacht with state-of-the-art technology, custom finishes, and top-of-the-line appliances may cost significantly more than a basic production yacht with standard features and finishes. Similarly, a newer yacht with low engine hours and minimal wear and tear may command a higher price than an older yacht with more use and maintenance requirements. Yachts located in popular boating destinations or areas with high demand may be priced higher than those in less desirable locations. Here are some examples of different yacht models, their amenities, and estimated prices:
Sales tax and registration feesWhen you purchase a yacht, you will need to pay sales tax and registration fees. In some states, you may be able to avoid paying sales tax if you purchase the yacht in a different state and keep it there. In Florida, the sales tax rate is 6% , but there is a cap of $18,000 on the amount of tax you will pay. So if you purchase a yacht for $500,000, you will only pay $18,000 in sales tax. On the other hand, registration fees are the fees you need to pay to register your yacht with the state where you plan to operate it. The fees are typically used to fund marine programs, such as boating safety education, law enforcement, and conservation efforts.  Some states charge a flat fee, while others charge based on the length of the yacht. In some cases, the registration fees may also be based on the age or value of the yacht. These fees are typically renewed annually, and failure to renew your registration can result in penalties or fines. Registration fees in Florida for a yacht over 110 feet in length can be as high as $4,000 per year. However, for a yacht under 16 feet in length, the registration fee is only $5 per year. Survey and inspection costsA survey and inspection is essentially a thorough examination of the yacht by a professional surveyor. The surveyor will inspect the vessel from top to bottom, looking for any issues or potential problems that could affect the yacht's seaworthiness or value. This includes checking the hull, deck, rigging, electrical systems, plumbing, and more. For smaller yachts, the cost may be a few hundred dollars, while larger and more complex yachts could cost several thousand dollars. By identifying any potential problems before you purchase the yacht, you can negotiate with the seller or even decide not to purchase the yacht altogether. In the long run, this can save you money and help ensure that you're making a sound investment. Insurance and financing costsInsurance rates can vary widely, but you can expect to pay a premium for coverage. The higher the value of the yacht, the higher the insurance premium will be. As for financing, the interest rates for yacht loans are typically higher than those for home or car loans. This is because yachts are considered luxury items and are often seen as a higher-risk investment. The interest rate you'll be offered will depend on your credit score, income, and the amount of the loan you're seeking.  Aside from the upfront costs, there are also hidden costs beyond the initial purchase price. Here are some hidden costs you should be aware of:
Environmental and regulatory complianceOwning a yacht also comes with environmental and regulatory compliance costs. You may need to pay for permits to dock your yacht in certain areas, or you may need to invest in equipment to comply with environmental regulations. These costs can add up quickly and may not be immediately apparent when you're considering purchasing a yacht. Crew and staffing costsIf you plan to use your yacht frequently, you'll likely need to hire a crew to help you maintain and operate it. Crew and staffing costs can include salaries, benefits, and insurance, and can be a significant expense over time. Additionally, you may need to pay for crew training and certification , which can add to the overall cost of owning a yacht. If you're looking for paid courses for your crew, here are 9 best sailing courses you might want to check out. Costs of upgrades and customizationsWhile a 50-foot yacht may come equipped with many standard features, you may want to add additional amenities or customize the interior to your liking. These upgrades can be expensive and may not be covered by your initial purchase price. Upgrades and customizations can range from relatively minor changes such as adding a new sound system or upgrading the navigation equipment, to more extensive modifications such as adding a new deck or completely redesigning the interior of the yacht. The cost of these upgrades will be based on the extent of the modifications and the materials and labor involved.  In this section, we will discuss the ongoing costs of owning a 50-foot yacht.
Maintenance and repair costsRegular maintenance helps keep your yacht in good condition and prevents costly repairs. Some common maintenance and repair costs include:
Docking and storage feesSome common docking and storage fees include:
Fuel and operating costsA 50-foot yacht typically has twin engines, which can be either gasoline or diesel. Diesel engines are generally more fuel-efficient and have a longer lifespan than gasoline engines, but they are also more expensive to purchase and maintain. On average, a 50-foot yacht with twin diesel engines will use about 20-30 gallons of fuel per hour, while a gasoline-powered yacht will use about 40-50 gallons per hour. Routine maintenance such as oil changes, filter replacements, and hull cleaning is part of the overall operating costs and will cost several thousand dollars per year. More significant repairs or upgrades, such as engine overhauls or electronics replacements, can cost tens of thousands of dollars. Costs for insurance and maintenance reservesInsurance can protect you from liability and damage to your yacht, while maintenance reserves can help cover unexpected repairs. Some common insurance and maintenance reserve costs include:
 Here are some tips to help you manage the costs of owning a 50-foot yacht: Create a budget and stick to itYour budget should include all of the costs associated with owning and maintaining your yacht, including mooring fees, insurance, fuel, maintenance, and repairs. Try to plan for unexpected costs, such as emergency repairs or unexpected upgrades. You should also plan ahead for seasonal expenses, such as winterizing your yacht when the boating season is over . By creating a budget and planning ahead, you can avoid surprises and ensure that you have the funds necessary to keep your yacht in top condition. Do the basic maintenance and repairs by yourselfWhile there are some tasks that require a professional, such as engine repairs or electrical work, there are many things you can do yourself with a little knowledge and the right tools. By doing your own maintenance and repairs, you can save money on labor costs and ensure that your yacht is always in top condition. You can also take pride in knowing that you are taking care of your investment and keeping it in great shape. Consider sharing and chartering optionsIf you don't use your yacht all the time, you may want to consider sharing or chartering options as a way to offset the costs of ownership. Sharing your yacht with friends or family members can help split the costs of maintenance and repairs while chartering your yacht to others can help generate income. There are many websites and companies that specialize in yacht sharing and chartering where you can find an option that works best for you. Just be sure to carefully vet anyone who will be using your yacht to ensure that they are responsible and will take good care of your investment. Learn some selling and trading strategiesIf you find that the costs of owning a 50-foot yacht are too high or you are ready to move on to something else, you may want to consider selling or trading your yacht. There are many strategies you can use to get the best price for your yacht, including working with a broker, advertising online, or attending boat shows. If you are interested in trading your yacht for something else, perhaps carefully consider your options and work with a reputable dealer. By using these strategies, you can ensure that you get the best value for your investment and can move on to your next adventure with confidence. Leave a commentYou may also like, cost of buying & owning a small yacht (detailed breakdown). While some people may prioritize a slower, more eco-friendly, and more hands-on experience that they get from a sailing yacht, others may prefer a faster, more …  The Average Cost of Owning a Boat in Florida (4 Examples) Average Cost of Buying & Owning a Catamaran (With 4 Examples) 2023 Cost Of Mediterranean Yacht (As Seen On Below Deck) Average Cost of Buying & Owning a Yacht in Dubai (2023)How Much Does a Yacht Cost: A Comprehensive Breakdown for BuyersYachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase. Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.  The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions. Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars. It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership. Key Takeaways
Types and Sizes of YachtsWhen considering the cost of a yacht, it's important to understand the various types and sizes available in the market. In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts. Sailing Yacht Vs. Motor YachtThere are two main types of yachts: sailing yachts and motor yachts. Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches. Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests. Small Yachts to SuperyachtsSmall Yachts (10,000-$100,000): Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers. Midsize Yachts ($100,000-$1,000,000): Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.  Large Yachts ($1,000,000 and up): Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties. Superyachts ($10,000,000 and up): Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more. Cost Factors for New and Used YachtsWhen determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht. Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision. Age and ConditionThe age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear. Size and StyleThe size and style of the yacht also play a crucial role in determining the cost. Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million. The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well. Brand and ModelThe yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost. On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price. It's essential to research different yacht brands and models to find the one that best suits your preferences and budget. Location and AvailabilityThe location of the yacht, along with its availability in the market, can influence the overall cost. In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity. Initial Purchase PriceBuying New Vs. Pre-OwnedWhen considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht. New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price. On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features. The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used. The Buying ProcessThe process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase. Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget. Costs to ConsiderIn addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:
Operational and Maintenance CostsCrew ExpensesOne of the significant expenses associated with owning a yacht is paying the crew salaries . The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million. It is essential to account for additional crew-related costs such as insurance, training, and uniforms. Fuel and PropulsionAnother considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns. For instance, a larger yacht may incur around $400,000 for fuel annually. It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency. Repairs and UpkeepMaintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million. This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs. Dockage and StorageMooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location. On average, a superyacht may have an annual dockage expense of around $350,000 . Additional Ownership CostsYacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht. For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year . Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience. Taxes and RegistrationOwning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered. In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership. DepreciationAnother factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles. The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop. Extra Amenities and UpgradesFinally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership. Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain. Real Cost of Yacht OwnershipOwning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations. Rule of Thumb for Annual CostsWhen estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries. For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew. Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.
Investment ConsiderationsWhen thinking of purchasing a yacht as an investment, potential owners should consider several factors. Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate. Additionally, the high cost of ownership may make yacht investment less viable for some individuals. Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs. Life on BoardAmenities and ComfortLife on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible. One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience. A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions. Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience. On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht. Entertaining and LifestyleA yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events. Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates. A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication. With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle. Frequently Asked QuestionsWhat is the price range for a small yacht?Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities. On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht . What are typical rental costs for yachts of various sizes?Rental costs for yachts can vary greatly depending on factors like size, type, and location. Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day. Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew. What is the purchasing price for a luxury yacht?Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars. The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand. What is the cost associated with owning a 50-foot yacht?The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs. While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses. What are the expenses involved in buying a 100-foot yacht?In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs. These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year. What can one expect to pay for a 70-foot yacht?The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features. In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.  Related ArticlesTiki boat adventures: discovering tropical fun on the water.  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Advanced functionality coming soon.Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.
Costs of food provisions will vary dependent upon how eloborate food Preferenaces are Location will play huge factor in food provisons and thing may have to be folws into remorte locations. Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data. Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements. Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht. To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory . Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances. This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details. Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107. Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years. Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet. Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls. Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht. Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place. Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered. Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale. We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool. We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊 Advanced functionality coming soon…We are building advanced tools to allow you even greater control over our operating cost calculator. Please enter your email address below to be advised when it is available. Save this versionShare your calculations. Please save version before sharing LuxYacht - Calculator!!You must be logged in to save this version of the cost calculator that you have customized for your yacht..  Video shows moments before superyacht went down in storm off SicilyA celebration turned into tragedy for a british tycoon when the storm sank the vessel off sicily. six people remain missing., by henry austin and corky siemaszko | nbc news • published august 21, 2024 • updated on august 21, 2024 at 4:08 pm. Newly released video captures a luxury superyacht being battered by a violent storm before it suddenly sank off Sicily with 22 people aboard Monday. The grainy images obtained by NBC News and other outlets were recorded on closed-circuit television not far from where the Bayesian was anchored, about a half-mile from the port of Porticello, on Sicily’s northern coast . The yacht's 250-foot mast, illuminated with lights and lashed by the storm, appears to bend to one side before it finally disappears and is replaced by darkness. 24/7 New York news stream: Watch NBC 4 free wherever you are The speed with which a yacht built to handle the roughest seas capsized stunned maritime experts. “I can’t remember the last time I read about a vessel going down quickly like that, you know, completely capsizing and going down that quickly, a vessel of that nature, a yacht of that size,” said Stephen Richter of SAR Marine Consulting. British tech tycoon Mike Lynch and five of the 22 other people who were aboard the 184-foot vessel remain unaccounted for and are believed to be trapped in the Bayesian’s hull, nearly 170 feet underwater. Get Tri-state area news delivered to your inbox. Sign up for NBC New York's News Headlines newsletter. Officials confirmed Monday that at least one person, the ship’s cook, had died.  Missing revealed as divers search superyacht that sank in storm off Sicily British tech magnate Mike Lynch, 2 US citizens among missing after luxury yacht sinks off SicilySuperyachts like the Bayesian, which had been available for charters at a rate of $215,000 a week, are designed to stay afloat even as they are taking on water to give the people aboard a chance to escape, Richter said. “Boats of this size, they’re taking passengers on an excursion or a holiday,” Richter said. “They are not going to put them in situations where it may be dangerous or it may be uncomfortable, so this storm that popped up was obviously an anomaly. These vessels that carry passengers, they’re typically very well-maintained, very well-appointed.” Built by Italian shipbuilder Perini Navi in 2008, the U.K.-registered Bayesian could carry 12 guests and a crew of up to 10, according to online specialist yacht sites. Its nearly 250-foot mast is the tallest aluminum sailing mast in the world, according to CharterWorld Luxury Yacht Charters. On Tuesday, Italian rescue workers resumed the search for Lynch and the five other passengers still missing: Lynch’s 18-year-old daughter, Hannah; Morgan Stanley International Chairman Jonathan Bloomer and his wife; and Clifford Chance lawyer Chris Morvillo and his wife. “The fear is that the bodies got trapped inside the vessel,” Salvatore Cocina, the head of civil protection in Sicily, told Reuters . The Bayesian is owned by a firm linked to Lynch’s wife, Angela Bacares, who was one of the 15 people rescued Monday after it capsized. “It’s extremely rare for a boat of this size to sink,” Richter said. What’s not rare is the kind of storm that sank it , said Simon Boxall, senior lecturer in oceanography at Britain’s University of Southampton. “People assume the Mediterranean is this rather calm and passive place that never gets storms and always blue skies,” Boxall said. “In fact, you get some quite horrendous storms that are not uncommon at this time of year.” The president of Italy’s meteorological society has said Monday’s violent storm may have involved a waterspout, essentially a tornado over water, or a downburst, which occurs more frequently but doesn’t involve the rotation of the air. Luca Mercalli, president of the Italian Meteorology Society, also said recent temperatures may have been a factor. “The sea surface temperature around Sicily was around 30 degrees Celsius [86 Fahrenheit], which is almost 3 degrees more than normal,” Mercalli told Reuters. “This creates an enormous source of energy that contributes to these storms.” The Mediterranean sailing vacation was designed to be a celebration for Lynch, who two months ago was acquitted by a San Francisco jury of fraud charges stemming from the 2011 sale of his software company Autonomy to Hewlett-Packard for $11 billion. Prosecutors alleged that Lynch, dubbed “Britain’s Bill Gates,” and Autonomy’s vice president for finance, Stephen Chamberlain, had padded the firm’s finances ahead of the sale. Lynch’s lawyers argued that HP was so eager to acquire Autonomy that it failed to adequately check the books . Lynch had taken Morvill, who was one of his defense attorneys, on the luxury trip. Chamberlain was not on the Bayesian. In what appears to be a tragic coincidence, a car struck and killed Chamberlain on Saturday as he was jogging in a village about 68 miles north of London, local police said. “Steve fought successfully to clear his good name at trial earlier this year, and his good name now lives on through his wonderful family,” Chamberlain’s lawyer, Gary Lincenberg, said in a statement . Henry Austin reported from London and Corky Siemaszko from New York City. This story first appeared on NBCNews.com . More from NBC News:
This article tagged under: trending now in World News Teen decapitated in vicious shark attack off Jamaica coast: 'He... Retired couple lose life savings in bitter feud with neighbor... Toronto’s 1st black female police superintendent demoted after... 4-year-old museum visitor accidentally smashes Bronze Age jar —... Passenger destroys American Airlines counter with hammer after... Thousands of dead fish blanket popular tourist spot after... Thai court sentences YouTube chef — son of Spanish actors —... Pre-teen stumbles upon rare 2,000-year-old bracelet with ties to...Deli meat deaths, all about the $40m bayesian yacht that capsized, leaving 6 dead and 1 still missing. The massive superyacht Bayesian that sank off the coast of Italy on Monday won numerous awards for its sleek interior design — and was sold to its original owner for nearly $40 million. The luxury sailing ship was carrying 22 people when it capsized and sank during a fierce storm early Monday.  The bodies of five of six missing passengers, including British tech tycoon Mike Lynch , 69, have been recovered. His daughter, 18-year-old Hannah, is the only one of six known killed in the tragedy yet to be found, a source close to the rescue operation told Reuters. The ship’s chef, Recaldo Thomas, has also been confirmed dead. Divers continued searching the wreckage of the 184-foot-long, British-flagged vessel, previously called Salute, on Wednesday after discovering four of the bodies. When it was built in 2008, the Bayesian had the tallest aluminum mast in the world, standing at 237 feet, earning it the award for best exterior styling at the World Superyacht Awards in 2009, the Telegraph reported. The sprawling superyacht’s interior, decorated with sleek, minimalist furnishings created by Remi Tessier, has also won numerous awards.  The ship, which accommodated 12 guests, had a master bedroom and three double and two twin bedrooms. It also featured beige sofas, dark wood furnishings, and a teak deck equipped with a large canvas awning to keep guests cool, according to the outlet. Some of the ship’s styling, including thin brown pillars and miniature terra cotta sculptures, was inspired by Japanese culture. What to know after a tornado sank the yacht Bayesian off the coast of Sicily:
 The extravagant ship won best interior at the International Superyacht Society Awards in 2008 and was also voted one of the best large sailing yachts at the 2009 World Superyacht Awards, according to the outlet. The yacht’s original owner, John Groenewoud, a Dutch real estate developer, reportedly bought the ship for £30 million ($39 million) when it was built. In 2014, he sold the ship with an asking price of £27 million ($35 million). Start and end your day informed with our newslettersMorning Report and Evening Update: Your source for today's top stories Thanks for signing up!Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy . Never miss a story. The Bayesian is currently owned by Revtom, a company that listed Lynch’s wife, Angela Bacares, as its legal owner. It was named after the Bayesian statistical model that helps financial investors calculate risk — the subject of Lynch’s PhD that later helped him build his empire. The vessel, operated by yachting company Camper & Nicholsons, had twin 965hp MTU engines, which gave it a range of 3,600 nautical miles at 13 to 15 knots (14 to 17 mph).  RSB Rigging carried out rig service works on the ship with Astilleros de Mallorca, a shipyard facility in Palma, in November 2016. The Bayesian returned in September 2020 for scheduled service works, including having its mast removed and reinstalled. Steve Branagh, managing director of RSB Rigging, told the Telegraph: “At this time, our deepest sympathies go out to the friends and families of all those affected by this dreadful tragedy.”  Advertisement
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Raising Bayesian superyacht ‘will take up to two months’Raising the Bayesian superyacht from the seabed off Sicily would cost around €15 million and take six to eight weeks, one of the world’s leading maritime salvage experts has said. Nick Sloane, the South African salvage engineer who led the operation to recover the Costa Concordia cruise ship after it capsized off Tuscany in 2012 with the loss of 32 lives, said around 40 highly-trained divers would be required. Mike Lynch, his daughter Hannah , Jonathan Bloomer, the Morgan Stanley International bank chairman, and his wife Judy, Chris Morvillo, the Clifford Chance lawyer and his wife Neda and Recaldo Thomas, the yacht’s chef, died when the yacht sank at around 5am on Monday. A large platform would have to be constructed and towed half a mile out to sea, above the spot where the vessel sank in an intense storm . The luxury yacht’s aluminium mast – the tallest of its kind in the world when the boat was constructed – would need to be cut off and removed prior to the Bayesian being lifted to the surface. The floating platform would support giant cranes, which would be able to raise the vessel from a depth of 165ft – but very slowly. If the boat is pulled up too quickly, it could break up under the huge pressure of water inside it, Mr Sloane told La Repubblica newspaper. “This is the most delicate part of the operation and needs to be done very, very slowly, because the Bayesian is full of water,” he said. “The important thing is that when the yacht reaches the surface the sea must be calm. So they’ll have to carefully check the weather forecasts. The yacht should be recovered exactly as it is, in one piece, with the aim of maintaining it as intact as possible.” “I would say it would cost up to €15 million but possibly you could do it for a bit less. The recovery operation would take six to eight weeks. It could be completed before the second half of October.” Recovering the wreck could help investigators find evidence that could shed light on how it sank in a matter of minutes after being hit by a waterspout or tornado. Although he was feted in Italy for his successful refloating of the Costa Concordia, the South African stressed that he has not been approached in an official capacity about raising the Bayesian . Italy has more than enough expertise and technical capacity to carry out the operation, he said. But he has been discussing how the operation might unfold with Italian divers who were involved in the Costa Concordia recovery . There are parallels between the two wrecks. Italian coast guard and fire service divers exploring the cramped confines of the Bayesian this week as they searched for bodies encountered “a miniature Concordia,” said Luca Cari, spokesman for the Italian fire service. They could only stay under water for 12 minutes and had to negotiate a pitch-black world of tilted surfaces, floating debris and dislodged furniture , he said. Italian authorities have so far said nothing officially about when, or even if, the Bayesian will be recovered from the seabed and brought to shore. The Concordia operation took months of careful planning and dangerous underwater work, whereas bringing up the much smaller yacht would be a quicker operation, albeit still fraught with technical challenges. The 114,500-tonne Concordia, about twice the size of the Titanic, was eventually towed to Genoa to be broken up for scrap two and a half years after it capsized. The effort to raise and salvage it was the largest operation of its kind ever attempted, and cost around €1.5 billion. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 3 months with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Recommended StoriesDivers uncover the 6th missing body after luxury superyacht sank in freak storm off sicily. here's what we know about the incident.. It's been five days since the Bayesian, a luxury superyacht, sank after being caught in a violent storm. Bodies of Autonomy founder Mike Lynch and his daughter recovered from sunken Bayesian yachtMike Lynch, the U.K. investor and founder of IT company Autonomy, has been identified as one of two bodies recovered from the Bayesian, the yacht that sunk off the coast of Sicily early Monday, according to several reports coming out of the country that cite the chief of Civil Protection, Salvo Cocina. The boat, registered to Lynch's wife, Angela Bacares, quickly capsized in the early hours of Monday after it was struck by a tornado-like water column. In a tragic coincidence, Chamberlain was hit by a car last Saturday and died of his wounds earlier this week. Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily (updated)Mike Lynch, the investor and high-profile founder of U.K. tech firm Autonomy, has been declared missing at sea after the yacht he was on, the Bayesian, capsized in a storm off the coast of Sicily early Monday morning. Lynch's wife, Angela Bacares, is one of the 15 who have been rescued. The news is a dramatic, tragic development for one of the more colorful, and sometimes controversial, figures in technology out of the U.K. 20+ best Wayfair Labor Day sales handpicked by an interior designer — up to 70% offGet your home fall-ready with deals on everything from couches and rugs to throw blankets and cookware. We even found a queen mattress for a super low $173! 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Security researcher Sourajeet Majumder contacted TechCrunch this week about the issue of exposing sensitive customer data on the condom maker's website. Stanley vs. Yeti: Which buzzy brand makes the better insulated tumbler?In one corner, the trendy Quencher; in the other, the classic Rambler. Did your favorite cup score a knockout in our ice test? Salesforce CEO on robot sales agents, Microsoft's AI letdowns, and big earnings beatSalesforce CEO Marc Benioff says his company remains as committed to profit growth and AI innovation as ever. Will HP still demand $4B from Mike Lynch's estate?Before entrepreneur and investor Mike Lynch died along with six others after the yacht they were on capsized in a storm last week, the party was celebrating Lynch's victory in the U.S. criminal courts. HP (now known as HPE) was still trying to recover $4 billion from him as a result of a civil case Lynch lost in the U.K. Now HPE faces the question: Does it forge ahead, even with Lynch deceased? One of Bolt's proposed new backers, The London Fund, has been scrubbing its web pageOne-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO. In the meantime, Axios’ Dan Primack did some digging around on The London Fund, a firm that is supposed to provide up to $250 million in “marketing credits” to Bolt as part of the proposed transaction. Turns out that a number of that firm’s so-called portfolio companies don’t appear to be portfolio companies at all. Nurses love these walking shoes with 'no break-in time needed' — down to $32They're comfy, lightweight and breezy for the late summer heat, and over 8,000 five-star fans say their feet are happy again. 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We asked professional cooks for the best sauces, dips and spreads they always stock in their own home. You'll never want your shower to end with these 9 accessories, all under $20From a high-pressure rain head to a blissful back and foot scrubber, these spa-worthy finds are worth the wrinkly fingers. These tech gadgets make traveling much easier, according to flight crew membersTake a hint from the pros and pick up one of these problem-solving gadgets. The 5 tragic minutes that sank a superyachtPORTICELLO, Italy — Survivors of a storm that sank a superyacht off Sicily recounted their ordeal to one of the doctors who rushed to their aid, with some saying it took mere minutes for the 180-foot ship to go down. Dr. Fabio Genco, head of the Palermo Emergency Medical Services, told NBC News on the phone Thursday that he arrived in the seaside village of Porticello before dawn Monday, about an hour after the $40 million Bayesian sank in the violent and sudden storm. Of the 22 people onboard, 15 survived despite storm conditions and darkness, climbing onto a lifeboat before being rescued by a nearby sailboat. The crew members have made no public statements so far, though some have been interviewed by investigators. “They told me that it was all dark, that the yacht hoisted itself up and then went down,” Genco said, recounting what the survivors told him. “All the objects were falling on them. That’s why I immediately made sure, by asking them questions, if they had any internal injuries,” he said. It appears they had just minutes to abandon the sinking ship, Genco said.  “They told me that suddenly they found themselves catapulted into the water without even understanding how they had got there,” he said, “And that the whole thing seems to have lasted from 3 to 5 minutes.” Giovanni Costantino, CEO of The Italian Sea Group, which owns Perini Navi, the Bayesian's shipbuilder, told Sky News that there were no flaws with the design or construction of the yacht. He said their structure and keel made boats like that “unsinkable bodies.” In an interview with the Italian newspaper Corriere della Sera, he disavowed responsibility, blaming instead the actions of the crew. “Mistakes were made,” he said. Genco said one of his colleagues who arrived at the scene before him initially thought that only three people survived, but the coast guard reported there were other survivors and more emergency services were called in. When Genco arrived, he found scenes of panic and despair. “Unfortunately, we are used to such panic scenes because we are used to the shipwrecks that happen on Lampedusa ,” Genco said, referring to the island southwest of Sicily, where the wreckage of boats carrying migrants on the sea journey from North Africa to Italy are often found . Six of the passengers were declared missing Monday, and by Thursday, the bodies of five had been recovered from the wreck , some 160 feet underwater. Among those who survived is Angela Bacares, wife of the British tech mogul Mike Lynch , whose body was recovered Thursday.  Another survivor has been identified as Charlotte Emsley, 35. She told the Italian news agency ANSA that she had momentarily lost hold of her year-old daughter, Sofia, in the water but managed to retrieve her and hold her over the waves until a lifeboat inflated and they were pulled into safety. Dr. Domenico Cipolla at the Di Cristina Children’s Hospital in Palermo is also part of a team of medical professionals treating the shipwreck survivors. He told the BBC on Wednesday that Emsley and her daughter, as well as the father of the child, who Cipolla said also survived, are continuing to receive psychological help. “Psychological support was constant and is constant even today, because basically it is the wounds of the soul that are the most in need of healing in these cases,” Cipolla said. Genco also told NBC News that he was especially concerned about the child. “She did not understand anything. She was soaking wet and cold,” he said. Karsten Borner, the Dutch captain of the Sir Robert Baden Powell, a yacht that was anchored near the Bayesian, said by phone Wednesday that he saw a thunderstorm come in at around 4 a.m. local time (10 p.m. ET) Monday, followed by what looked like a waterspout, a type of tornado that forms over water. The International Centre for Waterspout Research noted on X that there was a “waterspout outbreak” off Italy on Monday, the day the Bayesian sank.  “I turned on the engine and made maneuvers so that we wouldn’t collide with the Bayesian, which was anchored about 100 meters from us,” Borner said. “Then all of a sudden it disappeared. Then the wind calmed down, we looked around and saw a red flare.” Borner said he got into his boat’s tender and saw a life raft with 15 people on it. Members of the crew were administering first aid. “I don’t know why it sank so quickly, but it may have something to do with the mast which was incredibly long,” he said. Questions have been raised about whether the mast was to blame for the accident as tall masts, even with the sails down, have more surface area exposed to the wind, which can contribute to tipping a vessel in a storm. The CCTV footage that emerged Tuesday showed the yacht’s 250-foot mast, believed to be one of the tallest aluminum sailing masts in the world, lashed by the storm as it appears to tilt to one side before disappearing. Claudia Rizzo is an Italy based journalist. Claudio Lavanga is Rome-based foreign correspondent for NBC News.  Yuliya Talmazan is a reporter for NBC News Digital, based in London. Advertisement Supported by Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.
 By Michael J. de la Merced Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents. A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard. Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht . Here’s what we know about the passengers. Mike Lynch and his familyMr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC. In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch. HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018. Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges. An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian. The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday. The other guestsJonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them. Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered. “We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement. Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher. The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said. Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research. Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced |
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Annual Running Cost: $ 10 million: Owner: Zygmunt Solorz-Zak: Captain: Pls send info! Motor Yacht New Secret. Previous Next. ... The New Secret yacht price is $ 100 million. If you have more information about the yacht or her owner, please e-mail us ([email protected]). Watch this superyacht video!
The 74m/242'9" motor yacht 'New Secret' was built by Amels in the Netherlands at their Vissingen shipyard. Her interior is styled by British designer design house Winch Design and she was completed in 2017. This luxury vessel's exterior design is the work of Tim Heywood Design.
It would take the sale of approximately 5.75 million HP ink cartridges to fund the $92 million purchase of superyacht Secret, currently listed for sale with Burgess.
New Secret is a semi-custom motor yacht launched in 2017 by Amels. AMELS are masters in the art of modern Dutch high-value yacht building. The yard is the largest superyacht facility in the Netherlands and one of the top superyacht builders in the world. ... New Secret measures 74.00 metres in length, with a max draft of 3.85 feet and a beam of ...
New Secret is a motor yacht with an overall length of m. The yacht's builder is Amels from The Netherlands, who launched New Secret in 2017. The superyacht has a beam of m, a draught of m and a volume of . GT.. New Secret features exterior design by Tim Heywood Design Ltd. and interior design by Winch Design. Up to 14 guests can be accommodated on board the superyacht, New Secret, and she also ...
NEW SECRET yacht at Fraser. She is an exceptional motor yacht built by Amels in 2017 to the highest standards. Buy. Buy a yacht. Yachts for sale; New to the market; ... Specification NEW SECRET. Accommodation. Guests: 16 Staterooms: 6: Crew: 19 Construction & Design. Built: 2017: Builder: Amels: Model: LE242: Exterior Designer: Tim Heywood ...
Take an exclusive superyacht virtual tour onboard NEW SECRET & discover the very best of life onboard. Learn more & watch now with Burgess. Charter Buy Sell Build Manage My account Contact Us. Home Editorial 360° yacht tours NEW SECRET. Play tour. NEW SECRET. Length: 74m (242.7ft) ... its operational and maintenance history and the costs ...
The 74-metre Amels motor yacht New Secret has been sold with Ian Sherwood and Stephanie Bosi of Burgess representing the seller and Jonathan Barbe of Edmiston representing the buyer. Built in the Netherlands with a steel hull and aluminium superstructure, the 1,790GT superyacht was delivered in 2017 as the second hull of the Dutch shipyard's 242 LE series and has only been used by its original ...
The motor yacht can accommodate 12 guests in 6 cabins with an interior design by Winch Design and an exterior design by Tim Heywood. New Secret is a 74 m / 242′10″ luxury motor yacht. She was built by Amels in 2017. With a beam of 12.45 m and a draft of 3.85 m, she has ☰ Database ...
New Secret is a 74 m / 242′10″ luxury motor yacht. She was built by Amels in 2017. With a beam of 12.45 m and a draft of 3.85 m, she has a steel hull and aluminium superstructure. This adds up to a gross tonnage of 1790 tons. She is powered by Caterpillar engines of 2682 hp each giving her a maximum speed of 16.5 knots and a cruising speed of 12.5 knots. New Secret's maximum range is ...
Amels reveals first details of LE242 yacht New Secret. Dutch yard Amels has opened up about its latest 74 metre superyacht New Secret, which has lived up to her name until now. Sold in September 2015 by Fraser Yachts, she was delivered in May as the second Amels Limited Editions 242 yacht with all details kept under wraps, but less than a month ...
FORCE BLUE. EUR 24,800,000 (EU VAT paid) Length: 70.6m (231.4ft) 12 guests in 6 cabins. Built: 2002 (refitted 2022), Royal Denship, Denmark. You've viewed 10 of 69. Load more. All particulars are believed correct but cannot be guaranteed. * Price converted into the selected currency for comparison purposes based on current exchange rate.
The superyacht is new, and its existence was kept a secret before the launch, but in this case 'New Secret' is actually the name of the yacht. And New Secret is definitely a thing of beauty. READ MORE: Billionaire tech tycoon's $250m superyacht has $15m annual running costs, like buying five new Bugattis every year. Built by Amels in the ...
For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by ...
He is owner of the Here Comes The Sun Yacht, and New Secret, and he also owns a Gulfstream G650ER (M-PLUS) Early Life and Education of Zygmunt Solorz-Żak. Zygmunt Solorz-Żak, ... This high cost reflects the advanced technology, spacious cabin, and impressive performance capabilities of the aircraft. Despite its high price, the G650 remains a ...
New Secret. The 74m New Secret is the second Amels 242 from the Limited Editions range. Winch Design developed the yacht's modern and sophisticated interior, while Tim Heywood was responsible for her striking exterior looks. New Secret is a triumph of contemporary interior architecture and design, interpreting the owners' characteristics into ...
74m / 242'9 | Amels | 2017. The luxury motor yacht New Secret is displayed on this page merely for informational purposes and she is not necessarily available for yacht charter or for sale, nor is she represented or marketed in anyway by Trident Media Ltd. This document is not contractual. The yacht particulars displayed in the results above ...
The total estimated upfront costs of buying a 50-foot yacht range from $458,000 to $692,000 and include the initial purchase price and other fees. There are also hidden costs that total $70,000-$300,000+ per year. For ongoing costs, the total estimated annual costs are $35,000-$85,000 per year. Although costly, with proper budgeting ...
For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million. The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.
Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel ...
The yacht's 250-foot mast, illuminated with lights and lashed by the storm, appears to bend to one side before it finally disappears and is replaced by darkness. 24/7 New York news stream: Watch ...
The yacht's original owner, John Groenewoud, a Dutch real estate developer, reportedly bought the ship for £30 million ($39 million) when it was built. In 2014, he sold the ship with an asking ...
Raising the Bayesian superyacht from the seabed off Sicily would cost around €15 million and take six to eight weeks, one of the world's leading maritime salvage experts has said.. Nick Sloane, the South African salvage engineer who led the operation to recover the Costa Concordia cruise ship after it capsized off Tuscany in 2012 with the loss of 32 lives, said around 40 highly-trained ...
The CCTV footage that emerged Tuesday showed the yacht's 250-foot mast, believed to be one of the tallest aluminum sailing masts in the world, lashed by the storm as it appears to tilt to one ...
Until midnight last Sunday, Matteo Cannia was sitting out on a bench overlooking the sea in Porticello. It was too hot to sleep. The 78-year-old, a fisherman since the age of 10, saw the first ...
As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly. By Emma Bubola and Michael J. de la Merced Emma Bubola ...
British tech tycoon Mike Lynch and his 18-year-old daughter are among the six people missing after a luxury yacht sank off the coast of the Italian island of Sicily in the early hours of Monday ...
One man has died and six people are missing after a luxury yacht sank in freak weather conditions off the coast of Sicily. The 56m British-flagged Bayesian was carrying 22 people - 12 passengers ...
4.She knows how to deliver fries with that.Ms. Harris worked at McDonald's between her freshman and sophomore years in college. She fried the fries, worked the ice cream machine and staffed the ...
Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers ...