Paul Allen’s superyacht sells after €235 million listing

The 126-metre (414-foot) Lurssen-build superyacht Octopus, owned by the late Microsoft co-founder Paul Allen has been sold. It was last offered for $278 million (€235 million) and has been sold to an undisclosed buyer.

The sale comes amid an increase in the sales of both new and used superyachts, the result of a recent surge in personal wealth.

During the first quarter of this year, 219 superyachts were sold, doubling the number during the same period in 2020, according to ship valuation service Vessels Value. Superyacht enthusiasts who would usually prefer to rent or charter a boat before jumping straight into a purchase, are now leaping straight in and buying. Clients are recently reluctant to wait for a custom new build to be completed, and instead are opting for second hand vessels, causing the market to boom.

Explorer yachts, such as Octopus, are a particularly popular category. This yacht is capable of cruising 9,000 miles before needing to stop for a refuel, therefore reducing the number of port stops and preventing the possibility of viruses infiltrating the guests and crew.

Octopus, one of the world’s largest explorer yachts, was initially offered at $348 million (€295 million) and was put on the market about a year after Allen’s death in 2018. The sale has been confirmed by a spokesperson for Burgess, one of the brokers involved with the sale of the well-known superyacht.

As reported by the SuperYacht Times, the new owner plans to make Octopus available for hire for the very first time through yacht firm Camper & Nicholsons.

The vessel boasts 13 cabins and can hold up to 26 guests, with room for 63 crew members. Excluding its submarine and other equipment, the yacht is said to be worth $208 million (€177 million), according to Vessels Value estimates. Octopus also has features such as two helipads, two elevators and garage parking for both cars and helicopters.

For more news and yachting tips, connect with us on Facebook, Twitter, Instagram and LinkedIn.

 

Source: Bloomberg


Yachting News
March 12, 2021
Tried & Tested: Best Yacht Crew Polo Shirts
Tried & Tested: Best Yacht Crew Polo Shirts

In this Tried & Tested, yacht bedding specialist Sea Design conducts a review into the best duvets, quilts and pillows on the market. It tests a series of leading products to work out the best yacht bedding money can buy.

By Nathan Bees
January 21, 2021
Tried & Tested: Best Yacht Cleaning Products
Tried & Tested: Best Yacht Cleaning Products

In this Tried & Tested, yacht cleaning expert Marine 16 Ltd and cleaning expert Judith Shaw rate and review some of the best cleaning products available to buy. Find out which product was crowned the best following rigorous testing.

By Yachting Pages
January 13, 2021
Tried & Tested: Best Water Toys
Tried & Tested: Best Water Toys

In our brand new Tried & Tested, yacht water toy specialist EAMS and a group of experienced superyacht captains and crew rate and review the very best luxury water toys on the market. Find out which brand and product was crowned the best...

By Nathan Bees
Fairline Yachts announces new dealerships for Russia and Montenegro

British luxury yacht manufacturer Fairline Yachts has announced Stratos OY and MP Yachts OY as its new dealers for Russi...

By Hannah Rankine
January 18, 2022
Fairline Yachts announces new dealerships for Russia and Montenegro
Feadship launches 71m superyacht Juice

71-metre (232-foot) Feadship superyacht Juice was launched over the weekend (15th-16th January) from the shipyard’s cons...

By Hannah Rankine
January 18, 2022
Feadship launches 71m superyacht Juice

Finished reading? Now find your perfect supplier.

Search our industry-leading directory for over 20,000 superyacht suppliers, providers and marinas.

Search now