Steve Jobs’ superyacht The Venus set free

The yacht commissioned by Steve Jobs is free to set sail after a dispute over non-payment of the designer Philippe Starck’s fees was resolved earlier this week.

The Venus is no longer impounded, we have found a solution,” Gerard Moussault, a Hague-based lawyer for the Jobs estate, said.

“A security deposit was paid into a bank account, but I cannot say for how much,” Moussault said after French designer Philippe Starck last week asked Amsterdam bailiffs to seize the sleek 70-metre (230-foot) yacht.

The vessel, which cost over $130 million to build, was impounded after Starck said Jobs’ estate still owed him three million euros for his contribution to its design.

Starck said he was to be paid a fixed sum of nine million euros, while lawyers for Jobs’ estate said he was to be paid a percentage of the project’s cost equal to six million euros.

The yacht will reportedly be shipped by another ship to the United States, where Jobs’ family, including widow Laurene Powell Jobs and their three children Reed, Erin and Eve, are to take charge of her.




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About Matthew Breen

A Pursuitist contributor, Matt is blogging about travel, auto, gadgets, food and drink. Based in Colorado, Matt loves to share the latest luxury. Follow author Matt Breen on Google +.

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