|Dec 24, 2012, 03:53 PM||#1|
Steve Jobs' Yacht Released After Security Deposit Posted
Last Friday, we noted that the Jobs family's new yacht had been impounded by Dutch authorities as a result of a dispute over the design fee to be paid to famed French designer Philippe Starck. Starck had claimed that he was due to be paid EUR9 million for designing the yacht, while the Jobs family said that the agreed rate was 6% of the EUR105 million construction cost for the yacht, or roughly EUR3 million less than Starck claimed he was owed.
AFP now reports that the yacht has been freed after the Jobs family posted a security deposit to a bank account.
Article Link: Steve Jobs' Yacht Released After Security Deposit Posted
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