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Crazy Eric Schmidt, His Yacht Prices Are Insaaane!

Unknown Lamer posted about a year and a half ago | from the rusty-bids-ten-dollars dept.

Google 179

theodp writes "After languishing on the market, the price of Google Executive Chairman Eric Schmidt's Lone Ranger expedition yacht was cut from $20,000,000 to a mere $14,000,000 (sales brochure). Still no takers for the vessel, so the former pride of the Schmidt Ocean Institute — which can travel an amazing 31,000 miles at 12 knots thanks to a fuel capacity of 1.3 million liters — will be auctioned "as is" on April 20th at the Antibes Yacht Show, with bid estimates ranging from EUR 3 million to EUR 10 million (auction brochure). 'Lone Ranger and her truly astonishing story will appeal to a new generation of luxury yacht owner,' the sales brochure notes. 'The yacht epitomizes low key luxury, but most importantly offers the ideal platform for anyone wanting to explore the farthest flung corners of the world with their family.' And you can buy it just in time for Earth Day gift giving!"

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Probably Bought with Laundered Tax Free Income (4, Interesting)

Anonymous Coward | about a year and a half ago | (#43413553)

Oh look, it says "George Town, Cayman Islands" beneath the name on the ship ... and the brochure says "NOT FOR SALE OR CHARTER TO U.S. RESIDENTS WHILE IN U.S. WATERS."

Taxes are such a bitch, aren't they Eric?

Re:Probably Bought with Laundered Tax Free Income (4, Insightful)

deadweight (681827) | about a year and a half ago | (#43413593)

and the brochure says "NOT FOR SALE OR CHARTER TO U.S. RESIDENTS WHILE IN U.S. WATERS." That has been standard in boat ads for decades and yes, it has to do with taxes paid to register the boat. BTW, the secandary market for these boats can be rough. Once you pass a few million, you can afford your own new custom design.

Re:Probably Bought with Laundered Tax Free Income (5, Interesting)

alexander_686 (957440) | about a year and a half ago | (#43413705)

Boeing does the same thing – It sells all of its aircraft while flying in international waters – that way customers don’t have to pay sales tax. (Not exactly the same thing as registration fees, but in the same area.)

Re:Probably Bought with Laundered Tax Free Income (1)

deadweight (681827) | about a year and a half ago | (#43413777)

To be totally technically correct, the actual registration costs somewhere between free and maybe $40-$50. But they will not give you a registration without the sales tax being paid. Also their is import duty for a foreign-built boat. Maryland would let me slide if I could prove I bought the boat in another state and paid tax there, but if they see a boat that has never had a USA registration, import duty, or sales tax paid then I am on the hook for *a lot* of cash.

Re:Probably Bought with Laundered Tax Free Income (5, Funny)

afidel (530433) | about a year and a half ago | (#43413795)

I don't think Boing sells their aircraft flying in international waters, over internal waters or in international airspace maybe.

Re:Probably Bought with Laundered Tax Free Income (0)

Anonymous Coward | about a year and a half ago | (#43414123)

I don't think Boing sells their aircraft flying in international waters, over internal waters or in international airspace maybe.

Cory Doctorow builds aircraft now? What can't that guy do?

Re:Probably Bought with Laundered Tax Free Income (2)

ShooterNeo (555040) | about a year and a half ago | (#43414227)

Are you saying that when a Boeing aircraft is actually sold, the buyers and the sales team get onboard, they take off, fly out over the nearest ocean, and sign the bill of sale while IN FLIGHT? That's crazy amusing.

Re:Probably Bought with Laundered Tax Free Income (1)

Intrepid imaginaut (1970940) | about a year and a half ago | (#43414311)

I wonder could you do the same with a piece of software? Risky business having it be the only version on earth mind you...

Re:Probably Bought with Laundered Tax Free Income (1)

davester666 (731373) | about a year and a half ago | (#43414477)

Well, it also enables the buyer to join and or re-join the mile-high club...

Re:Probably Bought with Laundered Tax Free Income (5, Informative)

Anonymous Coward | about a year and a half ago | (#43414665)

Are you saying that when a Boeing aircraft is actually sold, the buyers and the sales team get onboard, they take off, fly out over the nearest ocean, and sign the bill of sale while IN FLIGHT? That's crazy amusing.

That is absolutely correct, at least for USA based airline customers. The actual transfer of ownership occurs inflight in international airspace and as an added bonus the first point of landing is in Oregon to avoid state sales taxes---or at least it was a few years ago when I was aboard one such flight.

(I am a commercial airline pilot for a major US airline and thus the AC.)

Re:Probably Bought with Laundered Tax Free Income (0)

Kagato (116051) | about a year and a half ago | (#43414289)

Boeing pays a Washington State Business and Occupation tax of 0.002904. That tax is offset by various credits such as computer hardware and software, property taxes on new buildings, and pre-production development expenses (i.e. wages) on new jets. At some point Washington will be about $200K per airplane.

Myth (2, Informative)

Anonymous Coward | about a year and a half ago | (#43414435)

Boeing does the same thing – It sells all of its aircraft while flying in international waters – that way customers don’t have to pay sales tax.

This is a myth. Large companies like Boeing (and Airbus with its new plant under construction in Mobile, AL) get sales tax abatements from local governments in exchange for and agreeing to continue to build aircraft in the area.

Re:Probably Bought with Laundered Tax Free Income (1, Insightful)

phantomfive (622387) | about a year and a half ago | (#43413623)

Who, exactly, pays more taxes than they have to? Feel free to, the donation information is here [treas.gov] .

Re:Probably Bought with Laundered Tax Free Income (-1, Troll)

Anonymous Coward | about a year and a half ago | (#43413695)

Who, exactly, pays more taxes than they have to? Feel free to, the donation information is here [treas.gov] .

Right because every average Joe citizen has the ability to engage in international tax evasion [wikipedia.org] that the mega-rich and corporations partake in constantly ... it's about using your status as an international entity to avoid taxes, you shortsighted puppet.

Re:Probably Bought with Laundered Tax Free Income (-1, Troll)

Anonymous Coward | about a year and a half ago | (#43413813)

Blah Blah Blah the tax loopholes should be taught to me in high school and lawyers should come to my doorstep offering me money to set up offshore corps. STFU you lazy prole. If you want a slice of cake you have to make your own way to the dessert table.

Re:Probably Bought with Laundered Tax Free Income (1)

phantomfive (622387) | about a year and a half ago | (#43414757)

Right, and you report everything you buy on Amazon to your state and pay sales tax on it, right? Because a lot of people engage in similar types of 'evasion.'

Re:Probably Bought with Laundered Tax Free Income (0)

Anonymous Coward | about a year and a half ago | (#43415027)

no need. amazon collects sales tax based on the shipping address for me.

Re:Probably Bought with Laundered Tax Free Income (0)

Anonymous Coward | about a year and a half ago | (#43414113)

I'll guess "people smarter than you" for $500, Monty.

Bill Gates? Oh Snap!

Re:Probably Bought with Laundered Tax Free Income (1)

larry bagina (561269) | about a year and a half ago | (#43415047)

Well, 47% of people pay no income tax so they don't pay more than they have to. For the remaining 53%, if you don't read through the tax code (or pay someone else to do so), if you don't alter your behavior to qualify for available deductions and credits, you're paying more than you have to.

Re:Probably Bought with Laundered Tax Free Income (3, Funny)

schneidafunk (795759) | about a year and a half ago | (#43413687)

Apparently funneled through Google's lunch system.

Re:Probably Bought with Laundered Tax Free Income (-1)

Anonymous Coward | about a year and a half ago | (#43413763)

100% legal so go suck my dick you jealous poor person. You would do exactly the same in my shoes, hypocrite.

Re:Probably Bought with Laundered Tax Free Income (1)

fuzzyfuzzyfungus (1223518) | about a year and a half ago | (#43413797)

Oh look, it says "George Town, Cayman Islands" beneath the name on the ship ... and the brochure says "NOT FOR SALE OR CHARTER TO U.S.
RESIDENTS WHILE IN U.S. WATERS."

Taxes are such a bitch, aren't they Eric?

Given the way that various large economies have been starting to lean on dinky tax havens about the details of what they do lately, I'm a little surprised that the Coast Guard hasn't been flirting with a "Oh, no support contract? I hope you like either per-incident support fees or very long distance swims..." policy for ships registered in places with that flavor.

Re:Probably Bought with Laundered Tax Free Income (0, Flamebait)

kwbauer (1677400) | about a year and a half ago | (#43414013)

Except that would violate international maritime treaties and basic human morals, but then you seem to be a liberal and I hear that morals are generally quite flexible in those circles (depends on the situation and all).

Re:Probably Bought with Laundered Tax Free Income (0)

Anonymous Coward | about a year and a half ago | (#43414203)

So you're okay with people avoiding taxes, but not charging the same people when their tax haven has issues?

Re:Probably Bought with Laundered Tax Free Income (0)

Anonymous Coward | about a year and a half ago | (#43414303)

How does that sound liberal? Liberal's generally want to expand government protections, not shrink them.
The closest correlation I've heard of to his comment was the fire department that let someone's house and dogs burn because of a missed dues payment to the fire department. They were a highly conservative community.

Re:Probably Bought with Laundered Tax Free Income (1)

nedlohs (1335013) | about a year and a half ago | (#43414667)

User pays is not typically associated with liberals, they're the ones on the "ability to pay" side of that divide.

Re:Probably Bought with Laundered Tax Free Income (1)

nobodyknowsimageek (218815) | about a year and a half ago | (#43414713)

I don't think the treaties necessarily would prohibit charging fees after a rescue. Certainly you can be fined after a rescue if you were negligent; it doesn't take too much to imagine a fee charged for a rescue if the boat owner was a US citizen and yet had avoided paying sales tax on their yacht by registering in a tax-haven, and was subsequently rescued in US waters.

It could even be structured so that the fee would be nominal for "normal" boats; e.g. 0.1% of the last sale price. But that $20M yacht? That will be $20 grand please.

Most "normal" boat owners will have paid the sales tax anyway, and be exempt from the fee.

Re:Probably Bought with Laundered Tax Free Income (1)

Joce640k (829181) | about a year and a half ago | (#43414007)

Does it come with a full tank of gas?

ugly (2)

RearNakedChoke (1102093) | about a year and a half ago | (#43413589)

That is one ugly yacht. A tug converted into a yacht? That's like converting a dump truck into a limo.

Re:ugly (4, Insightful)

fuzzyfuzzyfungus (1223518) | about a year and a half ago | (#43413683)

A dump truck would actually offer a lot of room to work with...

Ugly, sure; but you'd have a passenger compartment larger than some New York apartments to add ostentatious touches to.

Re:ugly (2)

ColdWetDog (752185) | about a year and a half ago | (#43413767)

That;s a lovely boat. It's a work boat, not a pagoda on a glass brick like some other luxury yachts we've dissected. It might even weather a real storm in a real ocean as opposed to sinking at the dock as soon as the tide turned.

He should donate to a real oceanography group, Scripps, Texas A&M, hell, NOAA could probably use it.

Or, if he will simply transfer the title to me, I'll pay for the moorage and start buying lottery tickets to put fuel in the thing. Maybe a kickstarter project....

Re:ugly (1)

deadweight (681827) | about a year and a half ago | (#43413905)

+1 I would buy that boat if I didn't already have one. Also I have no money, see my previous sentence. This boat is 9,000X better than some butt-ugly floating disco-bachelor-party-limo POS that will sink in the first storm it sees. I used to work on those crap-tastic "yachts" and I always thought "beer taste on champagne budget".

Re:ugly (1)

rockout (1039072) | about a year and a half ago | (#43414375)

"beer taste on champagne budget".

Still, that probably beats having it the other way 'round.

Re:ugly (1)

Archangel Michael (180766) | about a year and a half ago | (#43414789)

You can work with Champagne taste on a beer budget, but you can't work with a beer taste on champagne budget. Though it pays more, it ends up a FUGLY mess.

Re:ugly (1)

scheme (19778) | about a year and a half ago | (#43414895)

That;s a lovely boat. It's a work boat, not a pagoda on a glass brick like some other luxury yachts we've dissected. It might even weather a real storm in a real ocean as opposed to sinking at the dock as soon as the tide turned.

He should donate to a real oceanography group, Scripps, Texas A&M, hell, NOAA could probably use it.

Or, if he will simply transfer the title to me, I'll pay for the moorage and start buying lottery tickets to put fuel in the thing. Maybe a kickstarter project....

Given that it was used in oceanographic research cruises in the Antarctic, I think it's probably already weathered some real storms and been through some pretty crazy seas before. The specs on the thing make it look like it'd be a nice working vessel.

Re:ugly (2)

MrDoh! (71235) | about a year and a half ago | (#43413715)

If I was rich enough to have to worry about getting a yacht, this is exactly the type I'd want to get (I think). Doesn't scream out 'hey, rich person here!', you can moor up in odd places and not stick out that some white and gold monstrosity would. I like it.

Re:ugly (1)

serviscope_minor (664417) | about a year and a half ago | (#43413987)

If I was rich enough to have to worry about getting a yacht, this is exactly the type I'd want to get

Well, being a tug, it can only make 19 knots, but it can also pull half a supertanker behind it. You never know when that might come in handy.

I actually like it. Looks like a proper boat. Ship.

Re:ugly (1)

Intrepid imaginaut (1970940) | about a year and a half ago | (#43414331)

I don't think that's a yacht, it's a research boat.

Yacht? (4, Funny)

Tailhook (98486) | about a year and a half ago | (#43413595)

That's a yacht? Looks like a commercial fishing vessel or a coast guard cutter.

I suppose if you need to intercept drug smugglers or rescue someone it might be the thing... but most yacht buyers are looking for a nice place to drape their naked women.

Re:Yacht? (0)

Anonymous Coward | about a year and a half ago | (#43413667)

That's a yacht? Looks like a commercial fishing vessel or a coast guard cutter.

I suppose if you need to intercept drug smugglers or rescue someone

Or hide millions of dollars in unmarked small bills from the Cayman Islands ...

Re:Yacht? (1)

Anonymous Coward | about a year and a half ago | (#43413961)

> ... but most yacht buyers are looking for a nice place to drape their naked women.

It has a hot tub and a crane. What more do you want?

Re:Yacht? (1)

Anonymous Coward | about a year and a half ago | (#43414177)

It seems to be more of a research vessel. It's a seriously ugly yacht, especially for that kind of money.

Boats are holes in the water you throw money into. That thing makes one whopping big hole.

Re:Yacht? (1)

houghi (78078) | about a year and a half ago | (#43414213)

It still look a lot better then the iYacht [scmp.com] .

Re:Yacht? (1)

LoudMusic (199347) | about a year and a half ago | (#43414285)

It's more of a research vessel with amenities for the pampered. I've been on Falkor [schmidtocean.org] (also mentioned in the article) which is their current SOI vessel. It's far nicer than a typical work boat, but certainly not up to the class and sophistication of the actual super and mega yachts I've been on. I never had an opportunity to visit Lone Ranger, but I imagine it's quite similar to Falkor with possibly nicer owner spaces.

I guess you could think of these ships more as SUVs than luxury autos, to belabor the car analogy. They can still be luxurious, but their purpose is more about "going anywhere" and being self sufficient. There is a building trend of "fleet" ships rather than solo ships as well. See Golden Fleet [yachtmati.com] as an example. They have three ships and a plane. Golden Odyssey and Golden Osprey being the 'pleasure craft', and Golden Shadow being a support vessel that carries fuel, toys, machine shop, and the seaplane Golden Eye. It's likely that Lone Ranger could fill a similar role. But it would need to be renamed ;)

Re:Yacht? (0)

Anonymous Coward | about a year and a half ago | (#43415111)

This is Eric Schmidt. If the rumors are correct, he prefers bears and other manly types.

Sign me up! (0)

Anonymous Coward | about a year and a half ago | (#43413597)

And you can buy it just in time for Earth Day gift giving!"

Or I can buy it in time for 420!

Jealousy issue? (1, Informative)

Frosty Piss (770223) | about a year and a half ago | (#43413611)

People like to gripe about what "rich people" buy with their cash. But why not spen it on toys if you can afford it? Unless the current Group Think is that Rich People should give away all their money a la Bill Gates?

Jealousy issue?

Re:Jealousy issue? (1)

Dunbal (464142) | about a year and a half ago | (#43413841)

Yeah they think that not a single unionized shipyard worker was paid for this boat.

Re:Jealousy issue? (1)

Anonymous Coward | about a year and a half ago | (#43414115)

People like to gripe about what "rich people" buy with their cash. But why not spen it on toys if you can afford it? Unless the current Group Think is that Rich People should give away all their money a la Bill Gates?

Jealousy issue?

I'm all for rich people buying whatever toys they want.

I just want them to pay tax on them, just like I pay tax on the toys that I can afford.

Re:Jealousy issue? (0)

Archangel Michael (180766) | about a year and a half ago | (#43414801)

You're like this, because you have yet to realize that all taxes are regressive, and should be avoided whenever possible.

The two best days of boat ownership. (5, Funny)

Anonymous Coward | about a year and a half ago | (#43413627)

The day you buy it and the day you sell it.

news for nerds? (1, Insightful)

andy1307 (656570) | about a year and a half ago | (#43413635)

I know theodp is big into the "the man is screwing you" themes but how did this get greenlighted?

research vessel (1)

phantomfive (622387) | about a year and a half ago | (#43413637)

Look at it, it's a research vessel, and it's ugly. Eric Schmidt started an organization for researching the oceans. Great idea.

Best subject line in eons. (0)

Anonymous Coward | about a year and a half ago | (#43413645)

That is all.

Unless you want hot earth protester mamas... (1)

Impy the Impiuos Imp (442658) | about a year and a half ago | (#43413659)

It's a fishing vessel tricked out inside. It emphasizes "low-key luxury".

That kind of misses the point, huge-swinging-dick-look-at-me-hot-babes-wise, don:t you think?

I like it! (1)

scotts13 (1371443) | about a year and a half ago | (#43413677)

Much more serious-looking than the over-styled fiberglass fantasies the super rich seem to typically buy. Probably a better ocean-going vessel, as well. If I had, say, $30M, I'd spend $10M of it on that.

Re:I like it! (0)

Anonymous Coward | about a year and a half ago | (#43413845)

And then spend $3M+ a year running it. Not to mention the cost to fill up the tank is around $1.5M alone. You also need to hire people to actually drive and maintain it because you certainly can't. Then all the dock fees, insurance, upkeep. Guess you could last a couple years before you're broke.

Boats are a monkey sink like no other.

Nice Crazy Eddie reference (1)

netwarerip (2221204) | about a year and a half ago | (#43413679)

I love it, but does anyone outside the NY metro area get it?
Oh wait, would anyone inside the NY metro area care about anyone outside the NY metro area?
Nevermind...

Re:Nice Crazy Eddie reference (2)

SteveFoerster (136027) | about a year and a half ago | (#43413835)

Yes, actually. Crazy Eddie's ads used to show up nationwide because many cable systems carried "superstation" WOR.

Re:Nice Crazy Eddie reference (1)

netwarerip (2221204) | about a year and a half ago | (#43414429)

Nice! I didn't know that. I used to see the ads while watching Bowling for Dollars. I still call the left side of the headpin the 'Brooklyn side' because of that show.

I bid $1, US. (0)

Anonymous Coward | about a year and a half ago | (#43413691)

I don't think the taxes on a $1 transaction would be that much.

Fine for me (0)

aaaaaaargh! (1150173) | about a year and a half ago | (#43413699)

While I do believe that any government should ensure that nobody is able to have an income higher than $1000000 USD per year and will always vote accordingly, I have no problem with people who buy expensive yachts if they happen to be insanely rich.

Re:Fine for me (1)

SteveFoerster (136027) | about a year and a half ago | (#43413853)

Out of curiosity, how are those positions not mutually exclusive?

Re:Fine for me (1)

aaaaaaargh! (1150173) | about a year and a half ago | (#43414625)

My salary is fine and I have no envy, so until corresponding laws are in place it's no problem for me when rich people spend their money. Why shouldn't they? (And of course to some people someone with a salary slightly below $1000000 USD a year might still count as insanely rich, not sure about that.)

Re:Fine for me (-1)

Anonymous Coward | about a year and a half ago | (#43413873)

You will always vote accordingly because you're a guy that has not a chance in hell of ever earning more than $1000000 USD per year. There is a reason people earn such megasalaries, and it's something your prole brain will never understand. Hey, aren't you on the clock? Get back to work before your boss catches you you little shit.

Re:Fine for me (1)

aaaaaaargh! (1150173) | about a year and a half ago | (#43414565)

Judging from the psychopathic tone of your post, I wouldn't be surprised if you indeed earn more than $1000000 USD per year.

Re:Fine for me (1)

kaatochacha (651922) | about a year and a half ago | (#43414873)

why 1000000? Why not 1500000 or 750000? Or for that matter 100000?

Re:Fine for me (0)

Anonymous Coward | about a year and a half ago | (#43414765)

"nobody is able to have an income higher than $1000000 USD per year"

Idiocy. So let me ask, you, like as not, also believe no one should have a salary below some value, no?

What is that value?

Re:Fine for me (1)

Tailhook (98486) | about a year and a half ago | (#43414845)

I have no problem with people who buy expensive yachts if they happen to be insanely rich.

I'll bet the insanely rich are relieved to have had their spending prerogatives blessed by none other than you.

o_O

This is how you end up bankrupt (1)

CastrTroy (595695) | about a year and a half ago | (#43413713)

Whenever people wonder why the ultra-rich (movie stars, music stars, sports starts, CEOs, lottery winners, etc) end up going bankrupt, I point out stuff like this. There's no point in owning a boat like this unless you plan to live on it. For the number of times you'd actually be able to use the thing, it would make much more sense to just rent the boat. If you are going to own the boat, you should at least of some kind of business set up that rents it out while you're not using it. I'm all for people spending money if they have it, but this type of purchase is just completely ridiculous. You'll never in your life get $14 million worth of enjoyment out of a boat.

Re:This is how you end up bankrupt (1)

SteveFoerster (136027) | about a year and a half ago | (#43413867)

That all depends on what your relationship with the typical $14 million is. Sooner or later it's all just Monopoly money.

Re:This is how you end up bankrupt (1)

vidnet (580068) | about a year and a half ago | (#43413997)

You'll never in your life get $14 million worth of enjoyment out of a boat.

There are probably half a billion people in this world that would claim that you could never in your life get $25,000 worth of enjoyment out of a new car.

Millions would say that never in your life would you get $400 worth of enjoyment out of a PC or smart phone.

Re:This is how you end up bankrupt (1)

afidel (530433) | about a year and a half ago | (#43414187)

He's worth $6.9B, at a very conservative 4.5% interest that throws off $3.88M per DAY, I think he can get 4 days worth of enjoyment out of his yacht...

Re:This is how you end up bankrupt (1)

afidel (530433) | about a year and a half ago | (#43414211)

Ooops, calculation error, only $851k per day, still that's only two weeks to pay off that yacht.

Re:This is how you end up bankrupt (1)

CastrTroy (595695) | about a year and a half ago | (#43414861)

Do the calculation the other way. If the boat costs your $ 14 million, and you spend a total of 4 weeks a year on it, and you live for 50 years (after you bought it) that means you would have spent 4 * 50 * 7 days on the boat, or about 1400 days on the boat. Each day on the boat would have cost you $10,000. That doesn't even account for the fact that you have to pay a crew to man a boat of this size, as well as fuel, and pay for moorage (where the boat goes when you aren't using it) fees. Sure you may have the money, but you could easily charter a boat for way less than $10,000 a day. Here's one you can charter [charterworld.com] for $13,000 a week.

"Earth Day" gift giving?! (0)

Anonymous Coward | about a year and a half ago | (#43413731)

That's the most counter productive thing I've every heard! "Here you go, to celebrate sustainability, I've purchased you some mass produced goods and consumed resources on your behalf. And hey! It's a boat the consumes 1.3m liters of fuel!"

First World Problems (2)

stevegee58 (1179505) | about a year and a half ago | (#43413747)

(Picture of man hunched over looking despondent)
"I've grown bored with my giant yacht. Now no one wants to buy it."

First rule of wealth management: (5, Funny)

pr0t0 (216378) | about a year and a half ago | (#43413771)

If it flies, floats, or fornicates; rent it.

Re:First rule of wealth management: (0)

Anonymous Coward | about a year and a half ago | (#43414127)

Oh, that guy is hilarious! Felix Dennis [wsj.com] is his name. He's also the same guy that says that while your making it, wear a suit. Afterwards it doesn't matter what you wear - a tutu or whatever. And he went on saying Steve Jobs can wear a black faux turtle neck, jeans and running shoes because he IS Steve Jobs - the rest of you can't do it.

Re:First rule of wealth management: (0)

Anonymous Coward | about a year and a half ago | (#43415099)

While I don't wear a black faux turtle neck, I do wear a black tshirt, jeans, and running shoes and have wore this "look" long before I've even heard of Steve Jobs. So yes, yes I can!

The two happiest days in a boat owner's life (4, Insightful)

stevegee58 (1179505) | about a year and a half ago | (#43413847)

1) The day he buys it.
2) The day he sells it.

Re:The two happiest days in a boat owner's life (1)

Nemyst (1383049) | about a year and a half ago | (#43414201)

So, in order to be happy, a boat owner should sell himself his boat every day?

Might make sense for some Russian oil oligarch (2)

Animats (122034) | about a year and a half ago | (#43413911)

This might make sense for some Russian oil oligarch who has to visit oil platforms in the White Sea. For anybody else, it's kind of pointless.

At least it's more seaworthy than that boxy thing Steve Jobs had built. [google.com]

Cheat on your wife and your taxes (2)

thetoadwarrior (1268702) | about a year and a half ago | (#43413967)

It would be a real shame if his boat caught on fire before it was sold.

Holy Mixed Unit Systems Batman! (5, Insightful)

mooingyak (720677) | about a year and a half ago | (#43414051)

$20,000,000 to a mere $14,000,000

presumably that's USD. Also all digits and no words (as in 14,000,000 rather than 14 million)

with bid estimates ranging from EUR 3 million to EUR 10 million

and not knowing the exchange rate off the top of my head, I couldn't tell you how far off $14M USD is from 10M EUR. And the numbers are the opposite of above, spelling out 'million' rather than using digits.

And then there's this gem:

which can travel an amazing 31,000 miles at 12 knots thanks to a fuel capacity of 1.3 million liters

so, distance is in miles (imperial), speed is knots (nautical miles rather than miles) and then capacity is liters (metric)

Pick a style, pick a system, and STICK WITH IT.

Re:Holy Mixed Unit Systems Batman! (1)

phantomfive (622387) | about a year and a half ago | (#43414443)

You'd be surprised how many countries in the world actually use mixed units......

Re:Holy Mixed Unit Systems Batman! (0)

Anonymous Coward | about a year and a half ago | (#43414459)

I always get confused. How many dog tails is one mile?

Re:Holy Mixed Unit Systems Batman! (1)

Anonymous Coward | about a year and a half ago | (#43414945)

Knots would be the proper imperial measure of a boat's speed.

Re:Holy Mixed Unit Systems Batman! (2, Informative)

Anonymous Coward | about a year and a half ago | (#43414991)

the exchange is around 1 EUR = 1.3 USD so they are about 1 million USD apart.

Hoist the flag! (0)

Anonymous Coward | about a year and a half ago | (#43414055)

The Samoli pirates are passing a collection hat around as we speak.

Wrong Sales Pitch (1)

Snowdog (3038) | about a year and a half ago | (#43414349)

They're using the wrong sales pitch. It should be all about capabilities/adventure -- "the Lone Ranger can safely take you places other superyachts would not dream of going" -- not durability and "low key luxury". Yacht buyers are not usually seeking "low key" in their luxury, especially when it translates to "looks like a big fishing trawler".

Does it come with fuel? (1)

DarthVain (724186) | about a year and a half ago | (#43414381)

1.3 Million liters is 317,006 US gallons

According to this:
http://www.psmfc.org/efin/data/fuel.html#Data [psmfc.org]

Marine fuel costs between 3.5$ and 4$ a gallon.

At 4$ a gallon, it would cost almost 1.3$ Million dollars to fill the thing with fuel!

So really considering that it would be almost 1/10 of the value, 14 Million is pretty disposable! 10 Fill ups and it would pay for itself! :)

It would also get (317,006 / 31,000) 10 mpg! Likely pretty Eco-friendly for a ship...

Re:Does it come with fuel? (1)

Nukenbar (215420) | about a year and a half ago | (#43414519)

It doesn't get half the MPG of my Chevy.

Try 31,000 / 317,000 or about .1 MPG.

Re:Does it come with fuel? (1)

DarthVain (724186) | about a year and a half ago | (#43414591)

Heh, well not having a frame of reference, it could still be good for a ship!

Re:Does it come with fuel? (0)

Anonymous Coward | about a year and a half ago | (#43414561)

Err, 0.1 MPG, I think....

Re:Does it come with fuel? (0)

Anonymous Coward | about a year and a half ago | (#43414887)

1300 cubes of distillate (cubic metres of diesel to you lubbers), at roughly $1000 a cube. 1.3 million USD sounds bang on.

And yep, ships are pretty much the most fuel efficient transportation system out there. Just work out the amount of fuel burned to transport a tonne of cargo by jumbo jet compared to, say, the Maersk E class of container ships.

Re:Does it come with fuel? (0)

Anonymous Coward | about a year and a half ago | (#43414965)

That would be marine gasoline right? Most likely this thing runs on bunker fuel, I believe much cheaper than refined gasoline.

Draft (1)

HeyBob! (111243) | about a year and a half ago | (#43414649)

She draws over 6 meters! That alone eliminates most of the places in the world I'd want to visit by boat.

Leeches (0, Insightful)

Anonymous Coward | about a year and a half ago | (#43414691)

Isn't it wonderful when the leeches are jealous instead of acknowledging their own responsibility for not becoming wealthy? They were lazy! They don't deserve reward for DOING ABSOLUTELY NOTHING!!! Schmidt is the example of what a virtuous businessman should be. The world is overrun with communists.

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