OK, who isn't making his boat payment?

Discussion in 'All Things Boats & Boating' started by missinginaction, Feb 20, 2017.

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  1. missinginaction
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    missinginaction Senior Member

  2. daiquiri
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    daiquiri Engineering and Design

    Looks like it is becoming a pattern in the world of super-rich. Remember this one: http://www.bbc.com/news/business-20815910 ?

    And I know a story or two of non-paying clients which happened to Italian shipyards and have ultimately sent the yard belly-up.
     
  3. missinginaction
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    missinginaction Senior Member

    It's the same guy, Philippe Starck, who designed both ships! You'd think that he'd have done a credit check on the customers. That article raises a point though (about Job's boat). What do you do when the owner dies and the heirs don't care? Talk about illiquid assets!

    You know, I'm glad I don't have these problems.........really.
     
  4. philSweet
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    philSweet Senior Member

    Just for giggles, I checked Boat Trader to see what they had in the 300' and up range. Boat Trader is a mag sold in gas stations where people list their canoes and old pontoon boats. I guess they are moving upmarket, because to my astonishment, they have a 350'er listed! (click on the link)
     
  5. RHP
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    RHP Senior Member

    Ok I admit, it's me!! I'll pay the yard tomorrow, I promise.
     
  6. Munter
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    Munter Amateur

    The article loses credibility by describing "A" as "sleek". Clearly that vessel is not sleek. It is an abomination.
     
  7. Skua
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    Skua Senior Member

    Yeah good luck at auction getting anything like partial value let alone full.
     
  8. philSweet
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    philSweet Senior Member

    If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem - J. Paul Getty
     
  9. Rurudyne
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    Rurudyne Senior Member

    Beauty is in the eye of the Beholder.

    Beholders are monsters with floating ball-like bodies, a giant cyclopian eye, giant mount filled with shark-like teeth and more eyes on antenna-like stalks.
     
  10. Stumble
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    Stumble Senior Member

    The attachment is for something less than $20m, construction cost is reported to be $450m. I am pretty sure they could auction it off for at least the $20m figure.
     
  11. missinginaction
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    missinginaction Senior Member

    So the claim from the designer is for less than 5% of the boats value? You'd think that the owner(s) could work that out. Then again I've often been accused of thinking too much.
     
  12. SamSam
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    SamSam Senior Member

    [​IMG]
    https://www.bloomberg.com/news/arti...cht-seized-in-gibraltar-over-16-2m-debt-claim

    [​IMG]
    http://www.bbc.com/news/business-20815910

    I suspect he's crappy at interior design also.

    I'll bet it looks like the Starship Enterprise, unless he used that idea on a waffle maker. Such designing genius is rare, thankfully.

    .
     
  13. SamSam
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    SamSam Senior Member

    I was wrong, it looks like a War Of The Worlds thing taking a whiz. With the Beret, it looks French.

    [​IMG]

    I can't wait to see the waffle maker.


    .
     
  14. SamSam
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    SamSam Senior Member

    Close.

    [​IMG]
     

  15. RHP
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    RHP Senior Member

    Does it come with foils?
     
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