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Old Dec 21, 2012, 09:07 AM   #1
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Steve Jobs' Yacht Impounded in $3.6 Million Dispute Over Design Fee




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.
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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
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Old Dec 21, 2012, 09:09 AM   #2
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Really......

Don't they have that kind of money sitting on the kitchen table?
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Old Dec 21, 2012, 09:10 AM   #3
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Pay him the lot in pennies.
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Old Dec 21, 2012, 09:11 AM   #4
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I can't get over how ugly that thing is.
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Old Dec 21, 2012, 09:11 AM   #5
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You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!
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Old Dec 21, 2012, 09:11 AM   #6
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That is a damn nice yacht.
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Old Dec 21, 2012, 09:13 AM   #7
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Here come the "Apple is DOOMED" comments...
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Old Dec 21, 2012, 09:13 AM   #8
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Originally Posted by rmatthewware View Post
You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!
I have certainly never done that!
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Old Dec 21, 2012, 09:17 AM   #9
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Steve Jobs screwed people in life... and now in death too.
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Old Dec 21, 2012, 09:18 AM   #10
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Originally Posted by camnchar View Post
I can't get over how ugly that thing is.
I was thinking the same exact thing.
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Old Dec 21, 2012, 09:21 AM   #11
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Steve Jobs screwed people in life... and now in death too.
Yes, he was 'only' paid $6 million. I'd like to be screwed that way someday.
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Old Dec 21, 2012, 09:22 AM   #12
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This story has now surpassed the ridiculousness margin steadily accelerating towards the epic fail...
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Old Dec 21, 2012, 09:22 AM   #13
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I sure hope the interior is a lot nicer.
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Old Dec 21, 2012, 09:23 AM   #14
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Very nice design, with Frank Lloyd Wright sensibilities.
More suitable design than the "mach 7 aerodynamics" of most recent superyachts.
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Old Dec 21, 2012, 09:23 AM   #15
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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?
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Old Dec 21, 2012, 09:24 AM   #16
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Originally Posted by F1 Fan View Post
I have certainly never done that!
Lots of deals are made like this with the super rich.
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Old Dec 21, 2012, 09:25 AM   #17
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Originally Posted by rmatthewware View Post
You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!
That would be weird. I'm guessing there is more to this, but a contract should spell out how such a fee is determined. I'm surprised the article suggests a yacht of this price was impounded based on a supposed verbal agreement.
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Old Dec 21, 2012, 09:25 AM   #18
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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!
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Old Dec 21, 2012, 09:26 AM   #19
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Originally Posted by Jsameds View Post
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?

Because only French people get angry when they are paid less than they have to get?
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Old Dec 21, 2012, 09:27 AM   #20
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Originally Posted by rmatthewware View Post
You don't make a million dollar deal without having a contract signed! I don't care if you are a minimalist!
Whoops....strike all that out.... Didn't read close enough. Nevermind. Happy Holidays.
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Old Dec 21, 2012, 09:28 AM   #21
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I don't understand why its so difficult to determine how much it cost to build the yacht?
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Old Dec 21, 2012, 09:29 AM   #22
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Because only French people get angry when they are paid less than they have to get?
Unless contract terms were breached then it is a given that the man MUST be paid the agreed fee.
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Old Dec 21, 2012, 09:29 AM   #23
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That's what you get when you don't ship my new iMac to the Netherlands in "2-3 weeks" after an early 30 November order!
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Old Dec 21, 2012, 09:31 AM   #24
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Here come the "Apple is DOOMED" comments...
Geesung Choi would have never stiffed the designer.

Meanwhile, back in the land of the normal...
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Old Dec 21, 2012, 09:33 AM   #25
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This iYacht is the ugliest yacht I've ever seen. They should sue the designer in court for designing such a terrible yacht.
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