Steve Jobs’ Yacht Impounded in $3.6 Million Dispute Over Design Fee
By on December 22nd, 2012

DutchNews.nl reports that Steve Jobs’ yacht Venus, which launched nearly two months ago, has been impounded by authorities due to a dispute with the French designer Philippe Starck over design fees for the ship.

Baliffs boarded the brand new yacht Venus last Wednesday with an Amsterdam court order and it is now literally chained to the dock, the FD said. Port service companies have been instructed not to help it to leave.

The dispute centres on a €3m unpaid bill from Starck, known for his minimalist interiors, who worked with Jobs on designing the yacht for years. His fee had been established at 6% of the cost price, Rotterdam lawyer Roeland Klaassen told the paper.

The dispute is related to the cost of building the boat, with Starck claiming that the yacht was slated to cost €150 million while the Jobs family says that it only cost €105 million. The €45 million difference means that the designer believes that he is missing out on €2.7 million ($3.57 million) in design fees.

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Author: Parth Dhebar
Parth Dhebar is a 18 year-old entrepreneur. He is the founder of Simple Reviews, a blog focused on reviewing iPhone and iPad applications. Parth is a recognized name in the industry, known for covering Apple news. He is an editor at Techie-Buzz covering news on Apple. You can follow him on Twitter @pdparticle.

Parth Dhebar has written and can be contacted at parth@techie-buzz.com.

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