Steve Jobs' Yacht Impounded in $3.6 Million Dispute Over Design Fee

MacRumors · Dec 21, 2012, 09:07 AM

DutchNews.nl reports on articles from the Dutch media noting that Steve Jobs' yacht Venus, which launched nearly two months ago, has been impounded by authorities due to a dispute with famed French designer Philippe Starck over design fees for the ship.

Quote:

Baliffs boarded the brand new yacht Venus last Wednesday with an Amsterdam court order and it is now literally chained to the dock, the FD said. Port service companies have been instructed not to help it to leave.

The dispute centres on a EUR3m unpaid bill from Starck, known for his minimalist interiors, who worked with Jobs on designing the yacht for years. His fee had been established at 6% of the cost price, Rotterdam lawyer Roeland Klaassen told the paper.

The dispute seems to be related specifically to the cost of building the boat, with Starck claiming that the yacht was slated to cost EUR150 million while the Jobs family says that it only cost EUR105 million. The EUR45 million difference in prices means that Starck believes he is missing out on EUR2.7 million ($3.57 million) in design fees.

The original report from Dutch financial newspaper Financieele Dagblad claims that there was no formal contract between Jobs and Starck, and that an out-of-court settlement of the dispute is likely.

Article Link: Steve Jobs' Yacht Impounded in $3.6 Million Dispute Over Design Fee

KdParker · Dec 21, 2012, 09:09 AM

Really......

Don't they have that kind of money sitting on the kitchen table?

MonkeySee.... · Dec 21, 2012, 09:10 AM

Pay him the lot in pennies.

camnchar · Dec 21, 2012, 09:11 AM

I can't get over how ugly that thing is.

jordache16 · Dec 21, 2012, 09:18 AM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

I was thinking the same exact thing.

alfistas · Dec 21, 2012, 09:22 AM

This story has now surpassed the ridiculousness margin steadily accelerating towards the epic fail...

unplugme71 · Dec 21, 2012, 09:22 AM

I sure hope the interior is a lot nicer.

ctdonath · Dec 21, 2012, 09:23 AM

Very nice design, with Frank Lloyd Wright sensibilities.
More suitable design than the "mach 7 aerodynamics" of most recent superyachts.

Jsameds · Dec 21, 2012, 09:23 AM

Typical frenchie. Whinging because he's only getting paid €6,300,000 instead of €9,000,000. Aww, diddums..

How is he going to feed his family now?

Blakjack · Dec 21, 2012, 12:03 PM

Quote:

Originally Posted by jordache16

I was thinking the same exact thing.

That thing is nice. So simple

alfistas · Dec 21, 2012, 09:25 AM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

yep! It couldn't be much worse really...

...unless of course he made it look like a pirate ship!

barkomatic · Dec 21, 2012, 09:28 AM

I don't understand why its so difficult to determine how much it cost to build the yacht?

Rogifan · Dec 21, 2012, 09:47 AM

So we get a silly yacht story (that some can spin as Steve Jobs being a cheap you know what) but no stories like this: http://beta.fool.com/jaans/2012/12/2...gyholnk0000001 Is that too positive for MacRumors to report on? Sigh...

Yojimbo007 · Dec 21, 2012, 11:57 AM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

Could not agree more... Probably the ugliest boat i have seen in my life!

osaga · Dec 21, 2012, 01:46 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

I think it's beautiful. Unlike any yacht ever produced, and is something that only jobs would have the means and design sense to have produced. It's a monument and a rare glimpse into steve's ego. That, and parking in handicap spots. (at least the one at apple)

D-a-a-n · Dec 21, 2012, 03:18 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

I'm probably the only one who doesn't think this is ugly

.

Morshu9001 · Dec 21, 2012, 05:27 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

Same. Don't take it personally, designer, but that design is terrible.

di1in · Dec 21, 2012, 10:29 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

That's because actually it is a miniature version of the ship we see in the movie "2012" .. Jobs wanted it ready by Dec 21st. Now that the 21st is over and nothing happened, they don't want it any more.

----------

Quote:

Originally Posted by raccoontail

The designer is apparently such a minimalist he skipped getting a written contract, which would have kept this matter out of the news and saved a lot of legal fees.

I'm surprised the French government hasn't gotten involved, as that's where most of the fee will go. If the fee is paid in 2013, as a french national, Starck will likely face a 75% tax rate

75% tax? What tax is that ??

G51989 · Dec 22, 2012, 05:30 PM

Quote:

Originally Posted by di1in

75% tax? What tax is that ??

High earners in France are taxed at 75% of their income.

Why do people think this thing is ugly? I don't think it is.

Exodist · Dec 23, 2012, 02:46 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

For real, I think he owes the Jobs family for sticking them with such an ugly boat..

AppleScruff1 · Dec 23, 2012, 02:58 PM

Quote:

Originally Posted by Exodist

For real, I think he owes the Jobs family for sticking them with such an ugly boat..

Why? Every detail is the way Steve wanted it.

camnchar · Dec 24, 2012, 11:13 AM

Quote:

Originally Posted by Exodist

For real, I think he owes the Jobs family for sticking them with such an ugly boat..

The only thing I can think of is that some function (not tipping over in rough seas?) trumped form in this case. But then I can't think of any other case where Steve preferred function over form.

nastymrx · Dec 24, 2012, 06:27 PM

Quote:

Originally Posted by camnchar

I can't get over how ugly that thing is.

That is THE the ugliest yacht i have ever seen.

rmatthewware · Dec 21, 2012, 09:11 AM

You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!

Allenbf · Dec 21, 2012, 09:13 AM

Here come the "Apple is DOOMED" comments...

Dec 21, 2012, 09:09 AM	#2
KdParker macrumors 68000 Join Date: Oct 2010	Really...... Don't they have that kind of money sitting on the kitchen table? __________________ 16g iPhone5 Black ; 16g iPhone5 White; 15" retina - MBP 2.6 GHZ 16 RAM; iPad4 retina
	16

Dec 21, 2012, 09:10 AM	#3
MonkeySee.... macrumors 68040 Join Date: Sep 2010 Location: UK	Pay him the lot in pennies. __________________ iMac - iPhone - iPad - Apple TV - AirPort Extreme Phil Dunphy: Always keep the rhythm in your feet and a little party in your shoulders.
	23

Dec 21, 2012, 09:11 AM	#4
camnchar macrumors 6502 Join Date: Jan 2006 Location: SLC, Utah	I can't get over how ugly that thing is. __________________ Apple //c, 1 MHz, 128k RAM, 5.25" floppy drive, 1-button mouse
	54

Dec 21, 2012, 09:47 AM	#13
Rogifan macrumors 68040 Join Date: Nov 2011	So we get a silly yacht story (that some can spin as Steve Jobs being a cheap you know what) but no stories like this: http://beta.fool.com/jaans/2012/12/2...gyholnk0000001 Is that too positive for MacRumors to report on? Sigh... __________________ I love Apple products but am not a Steve Jobs fanboy
	2

Dec 21, 2012, 09:11 AM	#24
rmatthewware macrumors regular Join Date: Jul 2009	You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!
	38

Dec 21, 2012, 09:22 AM	#6
alfistas Banned Join Date: Jun 2012 Location: Helios Prime	This story has now surpassed the ridiculousness margin steadily accelerating towards the epic fail...
	1

Dec 21, 2012, 09:22 AM	#7
unplugme71 macrumors 6502 Join Date: May 2011	I sure hope the interior is a lot nicer.
	3

Dec 21, 2012, 09:23 AM	#8
ctdonath macrumors 6502a Join Date: Mar 2009	Very nice design, with Frank Lloyd Wright sensibilities. More suitable design than the "mach 7 aerodynamics" of most recent superyachts.
	3

Dec 21, 2012, 09:23 AM	#9
Jsameds macrumors regular Join Date: Apr 2008	Typical frenchie. Whinging because he's only getting paid €6,300,000 instead of €9,000,000. Aww, diddums.. How is he going to feed his family now?
	2

Dec 21, 2012, 09:28 AM	#12
barkomatic macrumors 68030 Join Date: Aug 2008 Location: Manhattan	I don't understand why its so difficult to determine how much it cost to build the yacht?
	3

Dec 21, 2012, 09:13 AM	#25
Allenbf macrumors 6502 Join Date: Jul 2012 Location: Tampa, FL	Here come the "Apple is DOOMED" comments... __________________ I'm broke because of my love for
	2

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