Bernie Madoff yacht back on the market

Author:
Updated:
Original:

Convicted Ponzi scheme fraudster Bernie Madoff’s superyacht Bull is back on the market for $5.5 million, less than the $7.9 million it commanded when it was launched in 2007.

Madoff’s boat has been kicking around the international yacht market since 2010, but was put up for sale once more last week after a series of potential Russian buyers failed to come up with the cash.

The 88-foot Leopard yacht has twin MTU M92 engines that have less than 300 hours on them and a cruising speed of 33 knots.

So yacht broker Gordon Wyles, of Wyles Hardy & Co., acting for the liquidators of Madoff Securities International, was asked to seek “credible offers” for the vessel, which Madoff commissioned from an Italian shipyard to include an en-suite stateroom and monogrammed bedcovers.

The British press seems to be having the most fun with the story. Click here for a report by The Telegraph and click here for The Standard’s take on the situation.

Related

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.

New Hope for Killing Algae Blooms

Researchers are experimenting with injecting ozone nanobubbles into waterways that burst and cut off the algae’s food supply.

Mercury’s Impact on the Local Economy

A new study shows that the manufacturer has a more than $5 billion annual impact on the Fond du Lac, Wis., community.

Lippert Posts Record Q1

The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.

Rollick Reaches 100th OEM Customer Mark

Customers that use its Aimbase marketing technology represent 65 percent of U.S. marine unit sales.

Safe Harbor Adds Lauderdale Marine Center

The Florida superyacht facility was acquired in a deal worth $340 million.

Don’t Throttle Back Now

As pandemic restrictions ease, folks will be getting back to leisure activities that often compete with boating.

IBEX Announces In-Person Dates

The show returns to the Tampa Convention Center Sept. 28-30 after being held virtually last year.