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Home/America COVID-19/Corona Updates/COVID-19/US Corona/An unfinished 168-foot superyacht that was abandoned in 2007 will soon be up for auction starting at $1.5 million — see inside the 40% complete yacht
An unfinished superyacht abandoned just before the Great Recession will be up for auction starting at $1.5 million.
The 168-foot motoryacht could cost between $16 million to $25 million to complete.
Take a look at the nearly half-finished motoryacht that'll be auctioned by Boathouse Auctions in November.
A 168-foot superyacht will be up for auction in November starting at only $1.5 million, an absolute steal for a floating home of this size.
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The catch? It's only about 40% finished and the winning bidder will be responsible for bringing the 168-foot Trinity Tri-Deck yacht to life.
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Yacht and boat sales have continued to skyrocket throughout the COVID-19 pandemic with some ultra-luxury yachts selling for millions of dollars above their initial asking price.
So if you're one of the affluent consumers who's still on the hunt for a boat of your own ...
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... but high inflation is keeping you from splurging, why not bid on the half-complete yacht with Boathouse Auctions instead.
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It may not be turnkey, but at least your new superyacht will be semi-customizable.
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The current owner of the 168-foot Trinity was previously the owner of the now-defunct luxury yacht-building company Trinity Yachts.
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In the face of the Great Recession, the project was abandoned in 2007 when it was only 40% complete.
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Since then, the half-finished semi-displacement yacht been stuck in storage where it has been regularly checked.
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And now, it's entering the third stage of its life with Boathouse Auctions where bidding will start at a cool $1.5 million …
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… a bargain compared to other — albeit complete — superyachts.
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For now, the motoryacht is just a nearly completed shell of its potential (the aluminum hull and superstructure are about 95% done).
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But picture its potential as a six-stateroom, four-deck yacht with luxurious amenities like an elevator.
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Of the six staterooms, four for guests and two for the crew.
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The customizable yacht can also accommodate spaces like a galley, formal dining area, owner's lounge …
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… deck with a 12-person dining table …
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… several salons, and an outdoor lounge on the sun deck.
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It obviously wouldn't be a luxury superyacht without a large sun deck.
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The future owner can build out this lounge by adding a bar, dinette, outdoor galley, and more lounge seats to create the perfect space to bask under the afternoon sun.
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And when it's time to cool off in the water, the owners can head to the garage for access to toys like jet skis and a jet tender.
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Along with the half-complete motoryacht, the highest bidder will also receive several parts like engines and a watertight door …
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… as well as some help from the original Trinity Yacht's design and engineering team.
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When it's finally complete, the home at sea will be able to hit up to 23 knots with a less than eight-foot draft.
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But to finish the project, its future owner will have to cough up at least $16 million for lower-end finishes, according to estimates from shipyards in Greece and Turkey, Jack Mahoney, a director at Boathouse Auctions, told Insider in an email.
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If they want top-of-the line amenities, the project could cost upwards of $25 million.
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To compare, buying a new yacht of this similar size could cost over $35 million, according to the 168-foot Trinity 2007's listing page.
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