A yacht commissioned by the late Apple co-founder Steve Jobs has been impounded due to a payment dispute with its designer.
The yacht, whose design began in 2007 and was seen as a collaboration between Mr. Jobs and Philippe Starck, is called the Venus. The price to build it has been estimated at more than 100 million euros.
But the Dutch publication Het Financieele Dagblad reported that a dispute has arisen about that work. A partner at a Rotterdam law firm that represents Mr. Starck’s company, Ubik, subsequently confirmed that the 9 million euro bill for the commissioned work has not entirely been paid, and so the vessel has been impounded in Amsterdam until the dispute is resolved.
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