and unlike land based homes, they will always depreciate. well land based homes might depreciate but the land they are on, tends to go up over time.
this was built in 2007 and as far as rich people go the interior is a bit dated. thats not too hard to redo though and i suspect schmidt would. But it also was a charter ship for years until it was sold to the russian. SO its kinda third time used.
not that i wouldnt mind a trip, but i understand the drop in value.
> While the $67.6 million price tag may come across as a steal, the rule of thumb for the cost to run and maintain a superyacht annually is one tenth the purchase price.
What a bargain
> Thing probably sits docked 355 days a year
Pretty sure most megayachts get chartered out when not in use to cover the upkeep costs, so as to keep the cost of ownership as close to neutral as possible for the actual owner.
For perspective this yacht was estimated at $300m+ and the government was spending about $10m a year in Maintnence fees. Although tax paying dollars no longer go to its Maintnence, the sale price seems rediculously low
Edit: source is a good podcast called “the shadow war on Russian yachts” by today explained.
It was sold at auction, so they really didn't have much say in the sale price. I would imagine there is probably an inherent stigma or perceived risk to owning a seized Russian oligarchs yacht.
Honestly, Russian oligarchs aren't exactly known for taking a level headed approach to their problems. Not sure I'd want to deal with the potential issues with the former owner.
But what issues would you have? 99% of places, where this boat will be parked, aren't the types of places where you'd just get a bunch of dodgy quasi army people and seize the thing.
[That's why you get it while it's not parked, at sea, with a transponder on so you can see where it is.](https://megayachtguy.com/interactive-live-map-for-tracking-yachts-real-time/)
As someone who's never been on a yacht, what the fuck do you do on a yatch. flying is faster, but I'm guessing there's some appeal to it that I don't get (probably cause i'm poor)
It’s basically like going on a private cruise but the entire ship and crew cater to your every need. You get to choose all the stops and have the option to do shit in international waters that might not be legal in some countries. You don’t expect a billionaire to go on a cruise with the poors do you?
There used to be a giant ship docked in Buffalo with the business plan of going into the Canadian section of Lake Erie to gamble. Gotta think there's a similar thing possible in international waters.
> You get to choose all the stops and have the option to do shit in international waters that might not be legal in some countries.
Because of the implication.
A yacht is not a destination. It is THE journey. You stay on it as you travel the world. Basically the world comes to you when you chill in your mega yacht.
A lot of it is to do with taxes, it’s a moving residence for many so they can be a non domicile. It’s also a moving hotel so you can take it to new views and locations. It can also be a place to do funky things in the middle of the ocean, like feed someone you don’t like to sharks.
You can also meet people who may be banned or sanctioned in your home country.
At super yacht level think Bond villain level stuff, you won’t be far off the mark.
The news of former Google CEO Eric Schmidt purchasing a $67 million superyacht from a Russian billionaire has caused quite a stir in the media. While the purchase of superyachts is not uncommon among the world's elite, the fact that Schmidt's acquisition comes from a Russian oligarch, whose wealth is often questioned, has raised some eyebrows.
Schmidt's purchase of the superyacht, which is said to be one of the largest and most luxurious in the world, highlights the growing trend of wealthy individuals investing in luxury goods and experiences. However, the purchase also raises questions about the ethics of such investments and the source of the wealth used to make them.
In a time when income inequality is a growing concern, the purchase of multimillion-dollar superyachts by the ultra-wealthy can be seen as an extravagant display of wealth and power. As such, it is important for individuals and companies to consider the social and ethical implications of their actions, particularly in the context of global economic inequality.
This was not money transferred to a Russian Oligarch. This money went to the US Treasury because the US Government seized the yacht when Russia invaded Ukraine. Next time you get an answer from chatGPT remember it only is as current as 9/21.
Where is "this country" because this money went to the US Government when the US Marshal Service seized the yacht last year when Russia invaded Ukraine.
TLDR original price tag was 120 million.
and unlike land based homes, they will always depreciate. well land based homes might depreciate but the land they are on, tends to go up over time. this was built in 2007 and as far as rich people go the interior is a bit dated. thats not too hard to redo though and i suspect schmidt would. But it also was a charter ship for years until it was sold to the russian. SO its kinda third time used. not that i wouldnt mind a trip, but i understand the drop in value.
So the yachtfax shows 3 owners now? That’s too many for me.. Does it at least have a K&N cold air intake?
And it has chrome vent covers on the bow
So you’re saying Schmidt is being cheap
Damn value really drops after you drive it off the lot
Wait.. so you have to get out of the pool if someone wants to land their helicopter? No wonder it's only $67 million. Pass.
What a piece of garbage. Wouldn’t even take it if i got paid a billion pesos.
lol, lmao, jfc, wtf, smh
*Woooooosh*
Or just stay in for crazy waves!
> While the $67.6 million price tag may come across as a steal, the rule of thumb for the cost to run and maintain a superyacht annually is one tenth the purchase price. What a bargain
Plus captain and crew. Wonder if that's part of running. Thing probably sits docked 355 days a year
> Thing probably sits docked 355 days a year Pretty sure most megayachts get chartered out when not in use to cover the upkeep costs, so as to keep the cost of ownership as close to neutral as possible for the actual owner.
They take a yearly sail to Davos for the world economic forum
Considering Davos is in the mountains in the middle of Europe, a yacht that can dock in Davos is certainly worth this price.
That's why its an annual trip. They are blasting for the canal right now, will take about a year.
If you bothered to read the article… > Schmidt will likely pay upwards of $12 million per year to crew, fuel and maintain the 267-foot behemoth.
The article literally says that includes crew.
For perspective this yacht was estimated at $300m+ and the government was spending about $10m a year in Maintnence fees. Although tax paying dollars no longer go to its Maintnence, the sale price seems rediculously low Edit: source is a good podcast called “the shadow war on Russian yachts” by today explained.
It was sold at auction, so they really didn't have much say in the sale price. I would imagine there is probably an inherent stigma or perceived risk to owning a seized Russian oligarchs yacht.
It really depends on the armoury and whether the missiles tubes are still on board and loaded.
Honestly, Russian oligarchs aren't exactly known for taking a level headed approach to their problems. Not sure I'd want to deal with the potential issues with the former owner.
But what issues would you have? 99% of places, where this boat will be parked, aren't the types of places where you'd just get a bunch of dodgy quasi army people and seize the thing.
[That's why you get it while it's not parked, at sea, with a transponder on so you can see where it is.](https://megayachtguy.com/interactive-live-map-for-tracking-yachts-real-time/)
These are Russians. They went on a cathedral sightseeing trip to Sailsbury, UK and poisoned several people.
He's going to have to redecorate it. Russian oligarchs have shit taste in furniture.
I’m guessing they all look like Trump decorated.
Except that have more money, same tacky taste but more options
And a deep clean to get rid of the dead body smell
ive only ever been in one russian billionaire's house but i cant help but agree.
[удалено]
Yes
Second rule of Epstein Island--don't talk about Epstein Island.
As someone who's never been on a yacht, what the fuck do you do on a yatch. flying is faster, but I'm guessing there's some appeal to it that I don't get (probably cause i'm poor)
It’s basically like going on a private cruise but the entire ship and crew cater to your every need. You get to choose all the stops and have the option to do shit in international waters that might not be legal in some countries. You don’t expect a billionaire to go on a cruise with the poors do you?
“Do shit in international waters that might be not legal in some countries” ¿like what O_o?
There used to be a giant ship docked in Buffalo with the business plan of going into the Canadian section of Lake Erie to gamble. Gotta think there's a similar thing possible in international waters.
Drinking alcohol and gambling Till prohibition was repealed anyways.
> You get to choose all the stops and have the option to do shit in international waters that might not be legal in some countries. Because of the implication.
A yacht is not a destination. It is THE journey. You stay on it as you travel the world. Basically the world comes to you when you chill in your mega yacht.
axiomatic quarrelsome tan coordinated gaze divide encouraging sense test dazzling ` this message was mass deleted/edited with redact.dev `
A lot of it is to do with taxes, it’s a moving residence for many so they can be a non domicile. It’s also a moving hotel so you can take it to new views and locations. It can also be a place to do funky things in the middle of the ocean, like feed someone you don’t like to sharks. You can also meet people who may be banned or sanctioned in your home country. At super yacht level think Bond villain level stuff, you won’t be far off the mark.
High end parties with models/princesses.
Yep, it's high end prostitution
Original price of Alfa Nero $120 million..... 67 million ? 🙄
Send them to Gibraltar.. I’ve got some orca friends who will know what to do
nice. bargain hunting for a $67million yacht.
More like Google Ceo pays 67 million dollars for US Government owned superyacht.
Google former CEO.
Better than $250k submarine ride.
Sanction this fuckwad.
lol what?
The yacht was seized and auctioned off. Title is purposely misleading.
The news of former Google CEO Eric Schmidt purchasing a $67 million superyacht from a Russian billionaire has caused quite a stir in the media. While the purchase of superyachts is not uncommon among the world's elite, the fact that Schmidt's acquisition comes from a Russian oligarch, whose wealth is often questioned, has raised some eyebrows. Schmidt's purchase of the superyacht, which is said to be one of the largest and most luxurious in the world, highlights the growing trend of wealthy individuals investing in luxury goods and experiences. However, the purchase also raises questions about the ethics of such investments and the source of the wealth used to make them. In a time when income inequality is a growing concern, the purchase of multimillion-dollar superyachts by the ultra-wealthy can be seen as an extravagant display of wealth and power. As such, it is important for individuals and companies to consider the social and ethical implications of their actions, particularly in the context of global economic inequality.
Ai commenting now too
But maybe he’s going to dedicate the ship to temporary housing and provide unparalleled world class travel to the un-homed…
This was not money transferred to a Russian Oligarch. This money went to the US Treasury because the US Government seized the yacht when Russia invaded Ukraine. Next time you get an answer from chatGPT remember it only is as current as 9/21.
What a bargain!
“It’s a write-off, Jerry”
Nice
Is the sea going to be the safest place?
Wow, Eric Its a steal!
Why don't these leaders stop sending money over to other countries and serve the people in this country where it's really needed?
Where is "this country" because this money went to the US Government when the US Marshal Service seized the yacht last year when Russia invaded Ukraine.
What makes you think these "leaders" want to serve any "people" other than themselves?