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Steve Jobs' Yacht Seized As Heirs Won't Pay

Tyler Durden's picture


Steve Jobs' EUR150mm yacht has been confiscated by a court in Amsterdam following Jobs' heirs decision not to pay the designer of the boat. As Holland's Nu.nl reports, the famous designer Philippe Starck had an 'agreement' with Steve Jobs that he would receive 6% of the price (or EUR9mm) of creating the yacht as his payment for designing the epic 80-meter, 27-iMac-controlled behemoth. Unfortunately, the 'agreement' was not on paper as the two men were 'friends' and so the heirs to Steve Jobs fortune have decided that the EUR6mm that Starck has received is quite enough. The yacht remains moored in the Port of Amsterdam under bailiff control. Must be a tough life eh?


To us - the boat looks a little too 'Lego', but still...




(h/t Peter J. M.)

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Fri, 12/21/2012 - 12:36 | 3087094 malikai
malikai's picture

Nice boat. Shame it's stuck in those filthy canals. I'll bet it smells great.

Fri, 12/21/2012 - 12:38 | 3087108 Ruffcut
Ruffcut's picture

Hey where is the story of NRA talk.

Some body actually makes sense and it vanishes. What The Fuck.

Fri, 12/21/2012 - 12:42 | 3087114 Popo
Popo's picture

No written contract?   Sorry Starck, but amateurs don't get paid.  And when you're talking "grown-up money", you need to have a contract.  Now go back to design-fag land and have a good cry.   The Jobs clan is going to rip your balls off, and they won't be wrong.   They should sell it to some Saudi prince anyway.  It's an ugly boat.

Fri, 12/21/2012 - 12:52 | 3087184 fuu
fuu's picture

That thing is longer than the dorms at Foxconn.

Fri, 12/21/2012 - 12:59 | 3087209 john39
john39's picture

like the pharaohs of old...

Fri, 12/21/2012 - 13:11 | 3087258 francis_sawyer
francis_sawyer's picture

All your yachts are belong to us...

Fri, 12/21/2012 - 13:15 | 3087280 Manthong
Manthong's picture


New owner and designer Philipeepee Starck has commenced a retrofit to the vessel’s control system that  puts all components under the control of 19 Android handsets.

Fri, 12/21/2012 - 16:36 | 3088098 FEDbuster
FEDbuster's picture

Zerohedgers are notorious for having bad luck with boats.  Seems like everytime we bring our guns and bullion on board the damn things sink.

BTW that is one butt ugly boat.

Fri, 12/21/2012 - 13:48 | 3087411 caconhma
caconhma's picture

This is the new European socialist democracy. Who need a stinky contract anyway? It is just a remnant of an old capitalistic free-market society.

Fri, 12/21/2012 - 13:24 | 3087326 Dr. No
Dr. No's picture

Dude you are out of line.  If the guy performed services at an agreed upon price he should get paid.  They had a gentlemen's agreement.  Sad those arent honored anymore.  You think they guy should get screwed because he didnt have a peice of paper?  Enjoy your Obamaphone you freeloader.

Fri, 12/21/2012 - 13:50 | 3087436 Harlequin001
Harlequin001's picture

They should honour their fathers agreements. Without him they would be nothing...

Fri, 12/21/2012 - 14:16 | 3087534 caconhma
caconhma's picture

This is EU socialist democracy. Who need a contract anyway? It is just a remnant of an old capitalistic free-market system.

How do you know they had "a oral contract"?  Did you witness it? You see, Jobs is conveniently unable to confirm or deny it.


Fri, 12/21/2012 - 14:37 | 3087645 Dr. No
Dr. No's picture

All you lawyer types trying to get something for free.  The boat was not created from an immaculate conception.  Someone actually had to do something.  If there was an agreement between Jobbs, no dought there is an e-mail or two at least.  I am positive this thing was not designed and build via some secret hand shake.  IF the guy legitimately built that boat, he has a lean and a right to be compensated.

Fri, 12/21/2012 - 15:27 | 3087862 caconhma
caconhma's picture

The article has said that it was "an oral agreement". Therefore, there are no paper or electronics trails to substantiate the claim.

By the way, you own me $100M per our oral agreement. How soon will you fulfill your contractual obligations?


Fri, 12/21/2012 - 15:36 | 3087894 Dr. No
Dr. No's picture

Please show me the object you supposedly produced, valued at $100M, and we can workk a payment plan.  THERE IS A BOAT.

Sat, 12/22/2012 - 06:20 | 3089490 saturn
saturn's picture

Shrimping........ is tough.

Fri, 12/21/2012 - 17:15 | 3088267 Urban Redneck
Urban Redneck's picture

An oral contract does not imply that there is not also written or electronic documentation as evidence to the terms of the agreement.

Fri, 12/21/2012 - 16:21 | 3088055 SmittyinLA
SmittyinLA's picture

Maybe they are,  I wouldn't assume the type A micromanager of his entire domain Steve Jobs would allow open ended multi million dollar "gentleman's agreement" for a boat he was working on for decades to be "fixed" by his heirs,  it's not like the builders didn't know he was terminal and could expire at any minute.

Jobs wouldn't do that, I'm sure he prepaid for everything.

Fri, 12/21/2012 - 14:13 | 3087520 Tirpitz
Tirpitz's picture

"If the guy performed services at an agreed upon price he should get paid."

Sure. But: what was the agreement about?? No proof, no money in our modern world. How many companies did Job's rotten company willfully sue into ruin?

Fri, 12/21/2012 - 14:39 | 3087651 Dr. No
Dr. No's picture

You dont know there is no proof.  I do know the boat is real and someone through the sweat of their back built it.  If some lawyer is able to cheat the boat builder out of his work, it is another tick in the column of the lawyers ruined everything.

Fri, 12/21/2012 - 15:11 | 3087793 Tirpitz
Tirpitz's picture

Agree - there's nothing wrong in paying the builder. Which intimate friend of the Jobs clan Philippe Starck ain't not. He should have known better, after all. When you sleep with the dogs, don't be surprised if you wake up with fleas.

Fri, 12/21/2012 - 14:34 | 3087627 Ballin D
Ballin D's picture

Cant they both be wrong?

The Jobs' are jewbears for renigging and not paying.

Designer is stupid for not signing a contract and stupid for trying to fight it without having any legal documents to back his case.

Fri, 12/21/2012 - 15:32 | 3087873 Thisson
Thisson's picture

There's this quaint little thing called the Statute of Frauds.  You should look into it!

Fri, 12/21/2012 - 13:26 | 3087328 DaveyJones
DaveyJones's picture

assuming evidence, there's a number of legal actions without a written contract 

but it is an ugly boat

Fri, 12/21/2012 - 13:24 | 3087329 insanelysane
insanelysane's picture

The heirs are holding out because it didn't come with Google Maps.

Fri, 12/21/2012 - 13:38 | 3087367 reload
reload's picture

I love boats - but that thing makes my eyes hurt. It does not even look seaworthy, immagine being offshore with a following sea....that fat arse would not make for a comfortable or even controlable ride.

Looks lightly built too, perhaps to enable the chineese galley slaves to work up decent speed with the oars. The portals for the oars are clearly visible just above the waterline, at least the guests on the upper decks will not have to see the rowing slaves.

Fri, 12/21/2012 - 14:14 | 3087527 Tirpitz
Tirpitz's picture

It reminds me faintly of the old submarines from WWI.

Fri, 12/21/2012 - 18:39 | 3088564 reTARD
reTARD's picture

That thing was made to be sunk.

Fri, 12/21/2012 - 13:42 | 3087398 ShrNfr
ShrNfr's picture

When you are talking about a large quantity of money, you have to be aware of the "statue of frauds". No contract? Too bad.

Sat, 12/22/2012 - 02:27 | 3089374 Brendon Carr
Brendon Carr's picture

That Philippe Starck is some kind of "friend", eh, to sue the family in their grief.

Fri, 12/21/2012 - 12:39 | 3087120 Pladizow
Pladizow's picture

Rotten "Apple" kids!

Fri, 12/21/2012 - 12:43 | 3087142 surf0766
surf0766's picture

Or they cut to commercial

Fri, 12/21/2012 - 15:34 | 3087881 MrPook
MrPook's picture

Hey, fuck off, at least we know how to keep our kids safe at school

Fri, 12/21/2012 - 12:37 | 3087095 HelluvaEngineer
HelluvaEngineer's picture

I'm sure some dumb trendy in Manhattan will buy it.  Surely it's better than every other boat ever designed.

Fri, 12/21/2012 - 12:48 | 3087163 flattrader
flattrader's picture

And unsinkable..if ony because as ugly as that boat is, "the Deep" would probably puke it back up if it tried to sink.

Fri, 12/21/2012 - 12:54 | 3087191 malikai
malikai's picture


It's the boat that won't flush!

Fri, 12/21/2012 - 13:23 | 3087319 flattrader
flattrader's picture

The embarrasment of having to board that boat is probably what killed him.

Fri, 12/21/2012 - 13:28 | 3087347 Matt
Matt's picture

What's moorage like in Manhatten? For the price, that is alot of square feet compared to a penthouse.

Fri, 12/21/2012 - 18:05 | 3088429 Translational Lift
Translational Lift's picture

Boat designers gave up shapes like that in 1904..............

Fri, 12/21/2012 - 12:37 | 3087096 Kreditanstalt
Kreditanstalt's picture

All THAT went on your igadget bill, you know...YOU paid for it...

Fri, 12/21/2012 - 12:37 | 3087097 buzzsaw99
buzzsaw99's picture

hideous lines

Fri, 12/21/2012 - 12:40 | 3087117 allocater
allocater's picture

I guess if you suck on the tit of trickle down you can make any bullshit as long as the rich pay for it.

Fri, 12/21/2012 - 12:41 | 3087131 buzzsaw99
buzzsaw99's picture

one would think a dude that rich could afford a french curve

Fri, 12/21/2012 - 12:43 | 3087135 malikai
malikai's picture

I think it looks alright - in that glass missile frigate sort of way.

Fri, 12/21/2012 - 12:45 | 3087147 buzzsaw99
buzzsaw99's picture

probable winner of the next cardboard boat race

Fri, 12/21/2012 - 12:46 | 3087154 HelluvaEngineer
HelluvaEngineer's picture

It's not designed for speed, but rather for pretentiousness.

Fri, 12/21/2012 - 12:53 | 3087182 buzzsaw99
buzzsaw99's picture

the isink lulz

Fri, 12/21/2012 - 13:04 | 3087234 Kilgore Trout
Kilgore Trout's picture

You can almost see the seams in the plywood.

Fri, 12/21/2012 - 13:44 | 3087403 suteibu
suteibu's picture

Indeed.  One ugly ass boat.

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