News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 11 years ago
Home  » Business » Steve Jobs superyacht impounded over unpaid designer bill

Steve Jobs superyacht impounded over unpaid designer bill

Last updated on: December 21, 2012 15:26 IST
Get Rediff News in your Inbox:

Steve Jobs' yachtA superyacht built for Apple Inc's late co-founder Steve Jobs has been impounded in Amsterdam because of a dispute over an unpaid bill to designer Philippe Starck, a lawyer said on Friday.

Jobs, who died last year after making his name and fortune at Apple, never got to use the yacht -- called Venus -- but had commissioned the French designer to work on the vessel, which cost more than 100 million euros to build.

A lawyer representing Starck's company Ubik told Reuters his client had received 6 million euros out of a Euro9 million commission for his work on the minimalist vessel and was now seeking to recover the rest of what he was owed.

The yacht was impounded on Wednesday evening, the lawyer said, and will remain in Amsterdam port pending payment by lawyers representing Jobs' estate.

"The project has been going since 2007 and there had been a lot of detailed talk between Jobs and Starck," Roelant Klaassen, a lawyer representing Ubik, said.

"These guys trusted each other, so there wasn't a very detailed contract," he said. The lawyer representing Jobs' estate could not immediately be reached for comment.

Image: Steve Jobs' yacht, which the former Apple chief executive was designing in the weeks before his death.  | Photograph: Reuters

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!