Steve Jobs’ Yacht Has Some Unpaid Bills, Gets Impounded Reuters

Designer Philippe Starck is €3 million / $3.9 million short on his work on Venus

  Steve Jobs' yacht
Well this is sad. Steve Jobs’ superyacht has been impounded after French designer Philippe Starck failed to cash in on a multi-million Euro fee for his minimalistic work, according to his lawyer.

Well this is sad. Steve Jobs’ superyacht has been impounded after French designer Philippe Starck failed to cash in on a multi-million Euro fee for his minimalistic work, according to his lawyer.

Commissioned by the late Steve Jobs himself, the vessel was baptized Venus and even reportedly launched from a port in The Netherlands, but apparently it didn’t reach high sea.

Starck reportedly received €6 million ($7.9 million), but was supposed to get paid a total €9 million ($118 million) for his work.

Reuters reports that the yacht is now impounded and will remain in a port in Amsterdam until the lawyers representing Jobs’ estate cough up an additional €3 million (almost $4 million).

“The project has been going since 2007 and there had been a lot of detailed talk between Jobs and Starck,” said Roelant Klaassen, a lawyer representing Starck’s company, Ubik.

“These guys trusted each other, so there wasn’t a very detailed contract,” he said.

Comments