Skip to main content

Steve Jobs' yacht impounded over pay dispute

Late Apple co-founder Steve Jobs' yacht was unveiled in a Dutch shipyard in October and christened
Late Apple co-founder Steve Jobs' yacht was unveiled in a Dutch shipyard in October and christened "Venus."
STORY HIGHLIGHTS
  • Apple co-founder Steve Jobs' yacht impounded in pay dispute
  • Designer Philippe Starck says he's owed nearly $4 million
  • The Venus cost more than $137 million, is 260 feet long

(CNN) -- The megayacht that Steve Jobs commissioned in the final years of his life has been impounded in Amsterdam after a payment dispute involving the designer, Philippe Starck.

The Venus, a 100-million-euro ($137.5 million), 260-foot-long yacht, made its unofficial debut in late October. It's currently stuck in the Port of Amsterdam after Starck hired a debt-collection agency to attempt to remit the final payment for his design.

Clown ends up with Steve Jobs' iPad
FBI file: Steve Jobs 'deceptive'

According to lawyers at Ubik -- Starck's design company -- speaking with Reuters, the designer has only received 6 million of the 9-million-euro commission and is seeking the rest of the payment before the Venus will be released.

"These guys [Jobs and Starck] trusted each other, so there wasn't a very detailed contract," Roelant Klaassen, a lawyer for Ubik, told Reuters.

The Venus is a floating ode to both Jobs and Starck's minimalist aesthetic. Made entirely out of aluminum, with 40-foot-long floor-to-ceiling windows lining the passenger compartment and seven 27-inch iMacs making up the command center.

In Walter Isaacson's biography of Jobs, the late Apple CEO is quoted as saying that, "I know that it's possible I will die and leave Laurene with a half-built boat, but I have to keep going on. If I don't, it's an admission that I'm about to die."

Subscribe to WIRED magazine for less than $1 an issue and get a FREE GIFT! Click here!

Copyright 2011 Wired.com.

ADVERTISEMENT
ADVERTISEMENT