Tiger Woods’ yacht up for salePosted on
Got some extra money lying around? Golfer Tiger Woods is reportedly putting his 155-foot megayacht Privacy up for sale.
With a permanent crew of 13, Privacy costs more than $2 million a year to maintain, The Palm Beach Post reported.
Woods had the vessel sailed south to Fort Lauderdale in the fall. It was dry-docked in a yard for two months to paint the hull and resurface the deck.
Privacy is now back at its home port in North Palm Beach’s Old Port Cove and Woods is shopping for a broker to list it for $25 million.
Although Woods bought the ship for $20 million, he believes it appreciated in value because it’s been well taken care of, the newspaper reported.
But Palm Beach Gardens megayacht builder John Staluppi doubts Woods will get the asking price.
“The market on big yachts has gone down,” Staluppi told The Palm Beach Post. “Banks aren’t financing and the economy is off. It’s a buyer’s market. Unless he sells to someone who wants to brag that he’s got Tiger’s yacht, he’ll get about $20 million.”
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