The unfinished superyacht was up for auction at a starting price of more than one million dollars.
It could cost between $16 million and $25 million to build.
There is a motoryacht that was just sold.
The auction for a 168-foot superyacht started at only 1.5 million dollars.
What's the catch? The winning bidder will be responsible for bringing the Trinity Tri-Deck yacht to life.
The final sale price of the vessel is private.
There were 32 interested groups that made three final bids, according to a director at the auction.
The buyer and seller were happy with the result.
Some ultra-luxury yachts are selling for millions of dollars above their initial asking price, as yacht and boat sales continue to increase.
The source is Insider.
Ultra-wealthy people still want luxury homes at sea.
Even as manufacturers struggled to keep up with demand, sales of superyachts hit a record high in 2011.
The source is Insider.
The incomplete yacht is semi-customizable, unlike the other vessels that have been sold during the boom.
Trinity Yachts was once owned by the previous owner of the 168 foot Trinity.
The project was only 40% complete when it was abandoned in 2007.
The half-finished semi-displacement yacht has been in storage since then.
The vessel was put up for auction at a starting price of over 1.5 million dollars.
Compared to other superyachts, it's a bargain.
The aluminum hull and superstructure of the motoryacht are close to being finished.
It could be a six-stateroom, four-deck yacht with luxurious amenities.
Four were for guests and two for the crew.
A galley, formal dining area, and owner's lounge can be accommodated on the yacht.
There's a deck with a table.
There are outdoor lounges on the sun deck.
A large sun deck is needed for a luxury superyacht.
The current owner can add a bar, outdoor galley, and more lounge seats to the lounge to make it the perfect place to relax under the sun.
When it's time to cool off in the water, the owners can head to the garage for access to toys.
The highest bidder received several parts like engines and a watertight door, along with the half- complete motoryacht.
The original Trinity Yacht's design and engineering team helped with the project.
The home at sea will be able to hit up to 23 knots with a draft of less than eight feet.
According to estimates from shipyards in Greece and Turkey, it will take at least $16 million to finish the project.
The project could cost as much as $25 million if they want top-of- the-line amenities.
Buying a new yacht of this size could cost over $35 million according to the listing page.
This is the source of the auctions.
The yacht was not cheap.
With time, patience, and a few extra supplies, the yacht's new owner could save close to 20 million dollars.
Business Insider has an article on it.
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