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.

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!

mogzieee · Dec 21, 2012, 09:11 AM

That is a damn nice yacht.

Allenbf · Dec 21, 2012, 09:13 AM

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

F1 Fan · Dec 21, 2012, 09:13 AM

Quote:

Originally Posted by rmatthewware

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!

coolspot18 · Dec 21, 2012, 09:17 AM

Steve Jobs screwed people in life... and now in death too.

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.

bbeagle · Dec 21, 2012, 09:21 AM

Quote:

Originally Posted by coolspot18

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.

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?

KdParker · Dec 21, 2012, 09:24 AM

Quote:

Originally Posted by F1 Fan

I have certainly never done that!

Lots of deals are made like this with the super rich.

thekev · Dec 21, 2012, 09:25 AM

Quote:

Originally Posted by rmatthewware

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.

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!

Oletros · Dec 21, 2012, 09:26 AM

Quote:

Originally Posted by Jsameds

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?

DynaFXD · Dec 21, 2012, 09:27 AM

Quote:

Originally Posted by rmatthewware

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.

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?

alfistas · Dec 21, 2012, 09:29 AM

Quote:

Originally Posted by Oletros

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.

VAvW · Dec 21, 2012, 09:29 AM

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!

Popeye206 · Dec 21, 2012, 09:31 AM

Quote:

Originally Posted by Allenbf

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

Geesung Choi would have never stiffed the designer.

Meanwhile, back in the land of the normal...

MN7119 · Dec 21, 2012, 09:33 AM

This iYacht is the ugliest yacht I've ever seen. They should sue the designer in court for designing such a terrible yacht.

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, 09:11 AM	#5
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, 09:11 AM	#6
mogzieee macrumors 6502a Join Date: Feb 2008 Location: Southampton, UK	That is a damn nice yacht. __________________ I have some Apple Products but I won't bore you with the details. I make videos and websites. website, blog, twitter.
	9

Dec 21, 2012, 09:13 AM	#7
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

Dec 21, 2012, 09:17 AM	#9
coolspot18 macrumors 6502a Join Date: Aug 2010	Steve Jobs screwed people in life... and now in death too.
	22

Dec 21, 2012, 09:22 AM	#12
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	#13
unplugme71 macrumors 6502 Join Date: May 2011	I sure hope the interior is a lot nicer.
	3

Dec 21, 2012, 09:23 AM	#14
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	#15
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	#21
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, 09:29 AM	#23
VAvW macrumors member Join Date: Nov 2012	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! __________________ Desktop computer \| Laptop computer \| Tablet \| Phone \| Small black device attached to television
	2

Dec 21, 2012, 09:33 AM	#25
MN7119 macrumors member Join Date: Mar 2011	This iYacht is the ugliest yacht I've ever seen. They should sue the designer in court for designing such a terrible yacht.
	5

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