Tiger Woods’ yacht up for sale

Author:
Updated:
Original:

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."

Click here for the full report.

Related

A Strong Q2 for Garmin

The company posted total revenue of $1.33 billion, a 53 percent increase from the second quarter of 2020.

Brunswick Named Among America’s Best Employers for Women by Forbes

The marine manufacturer ranks on the list for the second consecutive year.

Destination Bermuda

Viking Yachts and Valhalla Boatworks team with PW Marine to expand its dealer network to the island.

Polaris Sees Strong Demand, Record Quarter

The surge in sales continues for Polaris in Q2, with its boats segment posting an increase of nearly 50 percent to $198 million.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

How to Go Strong For 75 Years!

The 4th generation, family-run Strong’s Marine has put client service at the top of its agenda for over 75 years.

NMLA Releases Annual Statistical Report

The National Marine Lenders Association’s annual report shows that marine loans increased significantly in the past two years, primarily among boat owners aged 45-54.

IBEX Education Conference Schedule Announced

The International BoatBuilders’ Exhibition & Conference will host 2021 pre-conference sessions, tech talks, online workshops and more.

World Cat Acquires New Facility

The catamaran builder adds a 265,000-square-foot manufacturing plant in N.C.