Archive for » March, 2016 «

Yacht builder Palmer Johnson selling woodworking tools at auction

By Rick Barrett of the Journal Sentinel

It’s not often that a 98-year-old yacht builder shuts down, but when it does, the tools that go up for sale could be a woodworker’s dream.

Now through March 30, thousands of tools are available in an online auction of the production assets of the Palmer Johnson Yachts plant in Sturgeon Bay.

Last fall, Palmer Johnson announced it was leaving Sturgeon Bay and moving to the Netherlands, eliminating about 100 jobs. The company, founded in northeast Wisconsin in 1918, had built yachts costing tens of millions of dollars.

Palmer Johnson hired Hansen Young Inc. of Prairie Farm to auction off the production equipment, including about 4,500 lots of woodworking and metalworking tools.

Some of the lots include multiple tools. The age and condition of the equipment varies.

“Some of the old woodworking tools are as solid or better built than some of the new stuff,” said Bryce Hansen, auctioneer and vice president at Hansen Young.

The inventory includes band saws, drills, sanders, grinders, CNC machines, dust-collecting machines, vacuums, sewing machines and much more. It also includes materials and supplies.

All of the bidding takes place on the Internet.

“It’s an eBay-style auction, except it’s on our website,” Hansen said.

Most of the items are at the former Palmer Johnson plant at 128 Kentucky St., Sturgeon Bay. They will be available for viewing March 28 from 10 a.m. to 3 p.m., and bidding will end March 29 or March 30 depending on the item.

It’s a liquidation sale, so everything will be sold.

“There will be interest from all over the country, but it’s not like this stuff is super rare or hard to find. I would say 95% of the sales will probably go to individuals and businesses in the Midwest,” Hansen said.

Bay Shipbuilding announced plans to buy the former Palmer Johnson plant. It is the only boat builder left in Sturgeon Bay, a city that has a rich maritime history.

Yacht building is an important niche industry in northeast Wisconsin, where the brands include Palmer Johnson, Carver, Marquis, Burger, Cruisers and Rampage.

But yacht builders fell on hard times in the Great Recession. The Carver and Marquis brands, based in Pulaski, were sold in a bankruptcy auction in 2010. In 2013, Carver introduced three new motor yachts, the first time it had done that in years.

The tools auction will mark the end of Palmer Johnson in Wisconsin, where it began by building and repairing commercial fishing vessels.

For more information about the auction and the tools for sale, visit: www.hansenandyoung.com/palmer-johnson.

Rick Barrett thumbnail


Similar news:

Gordmans earnings report shows more declining sales; CEO says ‘it’s all fair game’ for cost cutting – Omaha World

For the past three years, Omaha-based Gordmans has been up against declining sales, bloated inventory and a competitive retailing world.

After the company reported another round of declining sales on Friday, that uphill slog looks likely to continue. The fourth-quarter decline in same-store sales marks a wrong turn for the company, which in the third quarter reported its first such sales increase in three years.

Still, some on Wall Street are hopeful that Chief Executive Andy Hall, who took over in 2014, has begun to put the pieces in place to create a profitable discount department store business.

Since Hall took the helm, he has hired a new head of merchandising and a new chief financial officer, launched a new e-commerce platform, put the brakes on building new stores and debuted a new marketing campaign.

More changes are expected in 2016: Hall announced Friday on a conference call with Wall Street analysts that the company has hired a national firm to conduct a third-party expense review in April.

From the corporate office to distribution operations and retail stores, “it’s all fair game” for cost cutting, Hall said.

The company employed about 250 people in its Omaha headquarters as of late last year.

The company also plans to implement a new point-of-sale system this year and has begun using strategies of competitors like Ross Stores, including buying end-of-season goods at low prices and packing them away until the next year.

Fourth-quarter earnings hit Wall Street expectations on the nose at 6 cents per diluted share, the company said Friday, but it wasn’t enough to woo investors: The company’s stock was down almost 5.5 percent on the day and closed at $2.41 a share on the New York Stock Exchange.

The earnings were likely overshadowed by the comparable store sales that were down 2.2 percent over the fourth quarter in 2014.

Like most retailers, Gordmans was hurt in the fourth quarter by unseasonably warm weather that affected many of the markets where the retailer operates stores, Hall said.

Hall also tempered expectations for the first quarter of 2016, saying sales so far have been choppy, and weather was not to blame this time as it was for the sporadic fourth quarter. Comparable store sales were expected to remain flat or down by up to 2 percent.

“I think the choppiness is less weather-related and more consumer-related,” Hall said. “I’m not sure why it’s consumer-related, but I think it is.”

A reading of U.S. consumer sentiment unexpectedly soured Friday, with the University of Michigan’s national consumer survey saying concerns about rising gasoline prices and broader questions about the global economy painted a less-optimistic picture in March.

Still, some analysts are hopeful all of the changes at Gordmans might pay off this year.

“The steps that management has put in place over the past year should have a positive impact in 2016,” said Richard Jaffe, an analyst with Stifel Nicolaus in New York. “With a relatively new management team … and various strategic initiatives in place, we believe the company is better positioned for further improvement.”

In 2015, comparable store sales were down 1.3 percent, much better than the negative sales reported in 2014 and 2013, which were down 4.8 percent and 7 percent, respectively.

While things are moving in the right direction, the disappointing fourth quarter and a tempered first quarter are probably more than just a hiccup, said Ken Perkins, president of research firm Retail Metrics in Boston.

“They’re going to need to show the investment community that they can generate several quarters in a row of positive comps moving in the right direction,” Perkins said of positive same-store sales. “I don’t get the sense that it is a blip in the road.”

The discount retailer space is crowded, and many of Gordmans’ competitors are heavyweights. The Omaha retailer has about 100 stores, while competitors like TJ Maxx have thousands.

“They’re in such a competitive space, trying to create a niche with so many off-pricers and so many other deep discounters,” Perkins said. Their growth “certainly lagged the rest of the industry.”

But Gordmans is in the same boat as many other retailers: trying to compete for market share when consumers are spending less and less on apparel and more on dining, vehicles and travel, Perkins said.

Some good news for 2016: Apparel sales may be on their way back up.

“There are some signs that the tide may be turning, with a cyclical rotation back into apparel,” he said. “So we’ll see. We’re watching it closely.”


Similar news:

Palm Beach International Boat Show runs through Sunday

Sunny skies and the sounds of Irish bagpipes greeted boating enthusiasts Thursday as gates opened for the 31st Palm Beach International Boat Show.

The boating showcase runs through Sunday along the Intracoastal Waterway on Flagler Drive in downtown West Palm Beach. It features more than $1 billion worth of yachts, boats and accessories, organizers say.

Among the hundreds of new and pre-owned boats on display are inflatables, power boats, fishing boats, personal watercraft and super-yachts more than 150 feet in length.

To mark St. Patrick’s Day, show-goers were treated to performances by the Palm Beach County Firefighters Pipes Drums troupe, which marched along the yacht-filled waterfront.

Boat sales bounce back in February

Posted on March 18th, 2016
Written by Jack Atzinger


Click to enlarge.

Click to enlarge.

After a disappointing start to the year, recreational boat sales rebounded in February with strong single-digit gains that suggest the big Miami boat shows and smaller regional events attracted a significant number of buyers.

Sales rose 9.3 percent to 5,038 boats in the main powerboat segments and 8.5 percent industrywide to 6,886 from the same month last year in 26 states that represent about 62 percent of the U.S. market, Statistical Surveys reported today.

The industry started 2016 sluggishly in January — typically a slow month — as sales fell 6.1 percent in the main segments and 6.5 percent industrywide, but the bounceback enabled builders and dealers to make up the lost ground. Through February, sales are about even with last year.

Statistical Surveys sales director Ryan Kloppe said continuing momentum from pent-up demand last year, the variety of new boats and accessories that consumers are seeing at boat shows and a mild winter in most parts of the country “are contributing to what you’re seeing today. I think you’re going to see these kinds of numbers continue into the spring season.”

Small-to-midsize fiberglass boats were the industry’s top February seller at 2,126, up 8 percent for the month, and on a percentage basis aluminum pontoon boats were among the biggest gainers in the high-volume categories — up 18 percent, or 129 boats, to 840 from the previous February.

Aluminum fishing boats were the second-best category for total sales, posting a gain of 70 boats, or 4.9 percent, to 1,491. Percentagewise, ski and wakeboard boats led all categories with a gain of 24.1 percent, or 39 boats, to 201.

Every category in the main segments, including the long-struggling sterndrive group, reported sales figures that were the same or higher than the previous year. Sterndrive sales rose 5.8 percent, or 15 boats, to 275.

Sales were higher in eight of the top 10 states and in 22 of the 26 early-reporting states, but curiously Florida, the sales leader, was not among them. Sales in the Sunshine State fell by 49 to 1,608. Texas was the No. 2 sales state with 1,338, 144 more than last year.

The other states in the top 10 were Alabama, 467 (up 21); North Carolina, 430 (up 73); California, 348 (up 115); Arkansas, 313 (up 54); Tennessee, 300 (up 36); South Carolina, 295 (up five); Washington, 248 (down 47); and Michigan, 228 (up 41).

The Coast Guard was up to date in its reports on documented vessels, providing complete figures in the bigger-boat categories. Sales of 31- to 40-foot cruisers rose by nine to 51. Sales of 41- to 65-foot yachts rose by eight to 44 and sales of 66-foot and larger semicustom and custom yachts were flat at 10.

Sales of personal watercraft rose 14.4 percent, or 114, to 903, but jetboat sales fell 8.1 percent, or 10 units, to 114.

Sailboat sales fell by three to 98.


Similar news:

Waukegan City Council approves plan for marine retail area

A bid to transform a mostly unused parking lot south of the Waukegan Yacht Club into a “major marine retail hub for the entire Midwest” moved forward this month when the Waukegan City Council approved a Wisconsin-based company’s plans for a $5 million sales and service complex.

Bay Marine of Sturgeon Bay, Wis., is set to break ground next month on a 40,000-square-foot showroom for “high-end marine retail and boats” and a 7,000-square-foot administrative center on a five-acre plot southeast of Madison Street and Pershing Road, which sits on the northern boundary of the Waukegan Port District headquarters.

Waukegan senior planner Steve Sabourin described the concept as an example of private-sector projects encouraged by the city’s 2003 comprehensive plan for lakefront redevelopment.

“This (complex) would be located in what is identified as the ‘Harborfront’ in the Downtown / Lakefront Master Plan,” Sabourin wrote in a report earlier this year to the council. “The Harborfront would contain a central park, active marina and retail district, public lakefront and clear connection to the downtown.

Citing 'negative image,' Waukegan bans some storefront security shutters

Citing ‘negative image,’ Waukegan bans some storefront security shutters

When the cellular store Stay Connected opened a little more than a year ago in West Humboldt Park, the owner installed a security shutter outside to deter would-be criminals.

Manager Juan Garcia says the rolldown metal screen gives him peace of mind, especially since vandals have twice broken windows…

When the cellular store Stay Connected opened a little more than a year ago in West Humboldt Park, the owner installed a security shutter outside to deter would-be criminals.

Manager Juan Garcia says the rolldown metal screen gives him peace of mind, especially since vandals have twice broken windows…

(Tony Briscoe and Marwa Eltagouri)

According to plans reviewed and approved on March 7 by the council, Bay Marine would also install a 100-ton lift arm for launching and retrieving watercraft between 50 and 100 feet in length. The construction timeline calls for that equipment and the two buildings to be in place by October.

Long-range concepts call for the company to build an additional 7,500-square-foot service building and a 30,000-square-foot pavilion-style structure in a parcel north of Madison that adjoins the harbor’s Siver Park. Details submitted to the city by Bay Marine describe the pavilion as having removable sides, allowing it to be used for indoor boat storage during the winter and then for covered but not enclosed community events during the warm-weather months, like concerts and art festivals.

The main showroom would be 36 feet tall at its eaves, fitting under a height limit imposed by the city to avoid shoreline buildings that obstruct views of the lake from the bluff. Recommendations from the city’s planning and zoning department also call on the developer to landscape the surrounding area, replace current chain-link fences with ornamental fencing and use more windows on public-facing walls.

All told, Bay Marine president Matthew Felhofer said in a letter of application to the city that “if our business vision is realized, Waukegan could develop into a major marine retail hub for the entire Midwest.”

“Bay Marine sells and services high-end power boat and motor yacht clients around the country,” Felhofer wrote. “We anticipate that the Waukegan operation will generate in excess of $10 million in gross revenue within three years and employ a minimum of 15 full-time employees within that same time frame.

“We anticipate that our development will draw other relevant marine brokers and dealers to establish a presence in the area. With the current building blocks in place in the form of a large marina that is half renovated and only 64 percent full, and our plans to build out the infrastructure to handle large private motor lots, the stage will be set for broader community development.”

During a March appearance before the council’s Judiciary Committee, 7th Ward Ald. Lisa May asked Felhofer if he had any concerns about dredging issues in Waukegan Harbor, which has seen deep-draft shipping affected by buildup of sand in recent years, particularly following storms. Felhofer indicated that Waukegan isn’t alone in dealing with that issue.

“We are somewhat concerned about the water depth at the north end of the marina, but we’re working with the port authority to address that,” he said. “If dredging is necessary, we have a plan to do that. (So), yes, that is a continuous concern for us regardless of where we’re located, whether it’s Sturgeon Bay or Chicago or wherever.”

The land slated for development is owned by the Waukegan Port District, which announced in February that it had contracted the Siegel-Gallagher Management Company out of Milwaukee to manage operations and marketing at both the harbor and Waukegan National Airport.

In announcing the move, Port District officials said the company will be charged with exploring “additional uses for the harbor and adjacent land that will serve to expand and maximize the activity and revenue potential and the port,” including improvements to restaurants in the area.

danmoran@tribpub.com

Twitter @NewsSunDanMoran


Similar news:

Palm Beach boat show ships

Sunny skies and the sounds of Irish bagpipes greeted boating enthusiasts Thursday as gates opened for the 31st Palm Beach International Boat Show.

The boating showcase runs through Sunday along the Intracoastal Waterway on Flagler Drive in downtown West Palm Beach. It features more than $1 billion worth of yachts, boats and accessories, organizers say.

Among the hundreds of new and pre-owned boats on display are inflatables, power boats, fishing boats, personal watercraft and super-yachts more than 150 feet in length.

To mark St. Patrick’s Day, show-goers were treated to performances by the Palm Beach County Firefighters Pipes Drums troupe, which marched along the yacht-filled waterfront.

Palm Beach International Boat Show begins today

The 31st Palm Beach International Boat Show opens at noon today in downtown West Palm Beach.

The boating showcase, which runs through Sunday along the Intracoastal Waterway on Flagler Drive, will feature more than $1 billion worth of yachts, boats and accessories, organizers say.

Among the hundreds of new and pre-owned boats on display will be inflatables, power boats, fishing boats, personal watercraft and super-yachts more than 150 feet in length.

A new addition this year is an extra in-water space at the northern end of the show inside Palm Harbor Marina, which will offer 30 more slips for yachts up to 280 feet.

The marine industry generated nearly $2 billion in economic impact, including almost $600,000 in sales, in fiscal 2014, the latest data available, according to a study by Thomas J. Murray Associates Inc. on the association’s behalf.

Exhibitors at this year’s boat show say they’re optimistic about marine sales based on trends at recent Miami area boat shows.

“We expect to see good quality [foot traffic] with plenty of yacht owners and yacht buyers attending and coming to inspect our yachts,” said Jonathan Beckett, CEO of luxury yacht broker Burgess, based in Miami. “We have some great inventory — well priced and ready to go.”

Burgess’ display will include the 253-foot Silver Fast aluminum yacht and the 183-foot Feadship yacht Illusion.

“We are very hopeful to sell one or two of these yachts at the show,” Beckett said.

The asking price for Silver Fast is 79.5 million euros, or about $89.1 million at today’s exchange rate. Illusion is listed for $12.95 million, according to Burgess’ website.

Exhibitor Horizon Yachts USA will have five yachts in the boat show ranging from 52 feet to 110 feet in length, a spokesman said.

“Activity has been strong since the beginning of the year for Horizon, and we’ve also unveiled some fantastic new designs … so we anticipate an extremely busy show,” said Roger Sowerbutts, director of the North Palm Beach custom yacht dealer.

asatchell@tribpub.com, 954-356-4209 or Twitter@TheSatchreport

If you go

Palm Beach International Boat Show

When: noon-7 p.m. Thursday; 10 a.m. to 7 p.m. Friday and Saturday; 10 a.m.- 6 p.m. Sunday.

Where: Along the Intracoastal Waterway on Flagler Drive; entrances at Evernia and North Clematis streets in Palm Beach.

Tickets: Adults $21 at gate ($19 online); children 6-15, $11 ($9 online); kids younger than 6 free.

Parking: Public and private lots within walking distance of the show.

Source: Showmanagement.com


Similar news:

Denison Yacht Sales to represent Hatteras Yachts

Hatteras Yachts announced Wednesday that it has appointed yacht sales and brokerage firm Denison Yacht Sales as its new representative in Palm Beach, Martin and Broward counties in southeast Florida. The dealer, which has sales offices in Dania Beach, Fort Lauderdale, Palm Beach Gardens, and Stuart, Fla., will offer the full range of new Hatteras Yachts from 45 to 100 feet.

Denison Yacht Sales will also represent Hatteras Yachts at the upcoming Palm Beach International Boat Show, March 17-20, at the builder’s new display on Ramp 2, Slips 260-263.

“We are delighted that Denison Yacht Sales, located in southeast Florida’s major yachting and sport fishing region, is now carrying the Hatteras flag in this strategically important market,” said John Ward, president and CEO of Hatteras Yachts. “Bob Denison and his team bring decades of experience to the table, and we look forward to working with them at the Palm Beach Boat Show and in the future.”

“Hatteras is one of the highest quality boats built in America, and we couldn’t be happier,” said Denison. “We are thrilled to represent Hatteras at the upcoming Palm Beach Show, where the new 70 Motor Yacht, which is having its Palm Beach Premiere; the GT70 flagship HATTERASCAL; the 60 Motor Yacht, and the 45 Express LITTLERASCAL will be on display. This gives us the opportunity for a great start in our relationship with Hatteras Yachts.”

Denison Yacht Sales, which has 17 sales offices worldwide, recently opened a new location at The Quay on SE 17th Street in Fort Lauderdale. Its other Hatteras Yachts sales offices include its locations at Soverel Harbour Marina in Palm Beach Gardens, Loggerhead Marine in Stuart, and Harbour Towne Marina in Dania Beach. In addition, the Denison Yacht Sales team will take advantage of the new Hatteras Yachts Sales Center at Pier Sixty-Six in Fort Lauderdale to arrange tours and sea trials of the builder’s new models.

“Hatteras Yachts has made significant investments in new product development, marketing, and in building out the Pier Sixty-Six sales office. These efforts have come to fruition, and as a result Hatteras has experienced tremendous momentum in recent months. In fact, sales over the past five months have been the best in recent memory,” Ward said. “And now, with the help of Denison Yacht Sales, we expect to see this momentum continue at the Palm Beach Show and throughout the southeast Florida market.”



Similar news:

Denison Yacht Sales to represent Hatteras Yachts in southeast Florida counties

Hatteras Yachts announced Wednesday that it has appointed yacht sales and brokerage firm Denison Yacht Sales as its new representative in Palm Beach, Martin and Broward counties in southeast Florida. The dealer, which has sales offices in Dania Beach, Fort Lauderdale, Palm Beach Gardens, and Stuart, Fla., will offer the full range of new Hatteras Yachts from 45 to 100 feet.

Denison Yacht Sales will also represent Hatteras Yachts at the upcoming Palm Beach International Boat Show, March 17-20, at the builder’s new display on Ramp 2, Slips 260-263.

“We are delighted that Denison Yacht Sales, located in southeast Florida’s major yachting and sport fishing region, is now carrying the Hatteras flag in this strategically important market,” said John Ward, president and CEO of Hatteras Yachts. “Bob Denison and his team bring decades of experience to the table, and we look forward to working with them at the Palm Beach Boat Show and in the future.”

“We couldn’t be happier,” said Denison. “We are thrilled to represent Hatteras at the upcoming Palm Beach Show, where the new 70 Motor Yacht, which is having its Palm Beach premiere, the GT70 flagship HATTERASCAL, the 60 Motor Yacht and the 45 Express LITTLERASCAL will be on display. This gives us the opportunity for a great start in our relationship with Hatteras Yachts.”

Denison Yacht Sales, which has 17 sales offices worldwide, recently opened a new location at The Quay on SE 17th Street in Fort Lauderdale. Its other Hatteras Yachts sales offices include its locations at Soverel Harbour Marina in Palm Beach Gardens, Loggerhead Marine in Stuart, and Harbour Towne Marina in Dania Beach. In addition, the Denison Yacht Sales team will take advantage of the new Hatteras Yachts Sales Center at Pier Sixty-Six in Fort Lauderdale to arrange tours and sea trials of the builder’s new models.

“Hatteras Yachts has made significant investments in new product development, marketing, and in building out the Pier Sixty-Six sales office. These efforts have come to fruition, and as a result Hatteras has experienced tremendous momentum in recent months. In fact, sales over the past five months have been the best in recent memory,” Ward said. “Now, with the help of Denison Yacht Sales, we expect to see this momentum continue at the Palm Beach Show and throughout the southeast Florida market.”



Similar news:

US Virgin Islands video shows luxury yacht fire at Charlotte Amalie harbor

  • The 77ft yacht – reportedly sold for $2.5million in 2014 – burst into flames at St Thomas island yesterday
  • Locals spotted the blaze aboard the luxury boat, named Positive Energy, and contacted emergency services 
  • U.S. Coast Guard helped tow the yacht to a more remote location where crews continued to contain the blaze 
  • It took several hours for the fire to be extinguished and the black clouds of smoke were visible around the area
  • The Yacht Haven Grande marina in the Charlotte Amalie harbor was not damaged and there were no injuries

Harriet Mallinson For Mailonline

30

View
comments

The paradise of the US Virgin Islands was disrupted yesterday when a luxury yacht was engulfed by flames.

The 77ft yacht, reportedly worth $2.5million, was moored at the Yacht Haven Grande marina in the Charlotte Amalie harbor on the island of St Thomas when the fire broke out.

Locals spotted the blaze aboard the luxury boat, named Positive Energy, and contacted emergency services.

Scroll down for video 

Blaze: The paradise of the US Virgin Islands was disrupted yesterday when a luxury yacht was engulfed by flames

more videos

Firefighters and police, as well as personnel from West Indian Co. Ltd, Norwegian Cruise Lines and the V.I. Fire Service, arrived on the scene to tackle the flames.

It took several hours for the fire to be extinguished.

Huge dark clouds of smoke billowed high above the ship and were visible from a considerable distance. 

Local news site St Thomas Source reported that the U.S. Coast Guard helped tow the yacht to a more remote location where crews continued to contain the blaze.

Fire Services also fought to eliminate the heavy smoke in the area – the result of burning fiberglass and other materials aboard the yacht.

Speaking to the site, West Indian Co. Ltd. President Joseph Boschulte praised the efforts of all emergency responders in handling the situation and revealed there had been no injuries.

‘We at WICO are grateful that the quick response translated into containment of the fire with no loss of life or injury, nor adverse effect on any of the cruise ships in port or residents in the area.’ 

Visible for miles around: Fire Services also fought to eliminate the heavy smoke in the area – the result of burning fiberglass and other materials aboard the yacht. There were no injuries

Local news site St Thomas Source reported that the U.S. Coast Guard helped tow the yacht to a more remote location where crews continued to contain the blaze

Boschulte continued, ‘We remain mindful and vigilant of the value of emergency preparedness and cooperation. Our staff is regularly trained to respond to all manner of marine emergencies and our assistance in this emergency is testament to this commitment.’

It is not yet known what caused the fire. 

According to Boat International magazine, the yacht was originally called Pomboo and was built by Taiwan’s Monte Fino yard in 2004.

It was designed to sleep up to seven guests in three large en-suite staterooms comprising a master suite, VIP stateroom and a twin. The saloon featured a marble bar, 3 piece sofa and a cocktail table.

There was also an open entertaining space, a dining area and a ‘country kitchen’ galley.

In June 2014 Florida yacht dealer Lazzara Lenton announced that the vessel was listed for sale by Michael DiCondia at Hargrave Yacht Sales at an asking price of $2,350,000 (£1.7million). It went on to be renamed Positive Energy.

With the cruise ship traffic and large tourist resorts, St Thomas is the most commercialized of the Virgin Islands. 

Huge blaze: The 77ft yacht, reportedly worth $2.5million, was moored in the Charlotte Amalie harbor on the island of St Thomas when the fire broke out

Extreme: Firefighters and police, as well as personnel from West Indian Co. Ltd, Norwegian Cruise Lines and the V.I. Fire Service, arrived on the scene to tackle the flames. It took hours for the fire to be extinguished

As she was: The yacht was sold in 2014 at an asking price of $2,350,000 (£1.7million) and renamed Positive Energy


Comments (30)

Share what you think

The comments below have not been moderated.

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

Who is this week’s top commenter?
Find out now


Similar news: