
Bernie Madoff's turbocharged yacht, one of the fastest on the French Riviera, is in the discount rack at 50 percent off its original asking price -- but even at that price, hedge-fund bargain hunters are showing little interest.
It's not because they can't afford the $11,000 it takes just to fill the diesel tank on the 88½-ft. custom-made yacht, named "Bull," or pay $250,000-plus a year for the captain and his two crewmen to keep it seaworthy. Apparently the boat -- the last luxury toy left from Madoff's swindler paradise -- doesn't have enough cachet to lure a buyer since it was seized nearly three years ago by authorities.
After eight months on the market, Bernie Madoff’s 88 1/2-foot custom-built yacht, “Bull,” has seen its initial price tag cut in half, to $4.3M, as it sits in Monaco harbor…..
Read more: http://www.nypost.com/p/news/business/madoff_yacht_bull_hit_by_bear_boat_neSK6cTEWJNUq5bRAYG2AJ#ixzz1Q6XvKmd8
No comments:
Post a Comment