toggle

AAPL Stock: 99.02 ( + 1.35 )

Printed from http://www.macnn.com

Follow-up: dispute resolved, Jobs yacht no longer impounded

updated 07:00 pm EST, Mon December 24, 2012

Jobs family, designer Starck reach agreement on payment

An agreement between the Jobs family and designer Philippe Starck has resolved a dispute that saw one of the late Steve Jobs' final projects, a 263-foot custom-designed mega-yacht called "Venus," impounded in an Amsterdam dock. The argument stemmed from Starck's contention that he hadn't been fully paid for his work, with the Jobs family saying that his fee was contingent on the final cost of the yacht, which actually came in under budget.

The project was originally budgeted for up to 150 million Euros ($198 million), but was finished following Jobs' death for only $138.5 million, meaning Starck was to receive much less than the nearly $12 million he was originally projected to receive (his fee was based on six percent of the ship's value). Jobs began the project years before his death, after a cruise between Italy and Turkey. Like many Apple products, the ship is mainly made of aluminum and glass, and even uses 27-inch iMacs for navigation.

After his death, Jobs' widow Laurene Powell-Jobs met with Starck to complete the project. Paris newspaper Le Monde first reported the resolution, quoting from a Jobs family lawyer. Details of the final agreement were not revealed, but the lawyer hinted that Starck did not receive the full fee he had originally asked for.





by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. coffeetime

    Mac Enthusiast

    Joined: 11-15-06

    Nice yacht! Would love to have a tour inside and see iMac in action.

  1. Grendelmon

    Dedicated MacNNer

    Joined: 12-26-07

    Originally Posted by coffeetimeView Post

    Nice yacht! Would love to have a tour inside and see iMac in action.



    Indeed. Or at least a nice photo gallery of the interior.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

toggle

Most Commented