Steve Jobs' Yacht Released After Security Deposit Posted

Last Friday, we noted that the Jobs family's new yacht had been impounded by Dutch authorities as a result of a dispute over the design fee to be paid to famed French designer Philippe Starck. Starck had claimed that he was due to be paid €9 million for designing the yacht, while the Jobs family said that the agreed rate was 6% of the €105 million construction cost for the yacht, or roughly €3 million less than Starck claimed he was owed.

jobs yacht venus
AFP now reports that the yacht has been freed after the Jobs family posted a security deposit to a bank account.

"The Venus is no longer impounded, we have found a solution," Gerard Moussault, a Hague-based lawyer for the Jobs estate, told AFP.

"A security deposit was paid into a bank account, but I cannot say for how much," Moussault said after French designer Starck last week asked Amsterdam bailiffs to seize the sleek 70-metre (230-foot) yacht.

The yacht remains in harbor in Amsterdam due to bad weather, and the report notes that the yacht is scheduled to be transported by ship to the United States to be turned over to the Jobs family at an unspecified date.

Popular Stories

iPhone 16 Pro Max Generic Feature 2

5 Biggest Changes Rumored for iPhone 16 Pro Max

Tuesday May 21, 2024 7:29 am PDT by
Given Apple's rumored plan to add an all-new high-end tier to its iPhone 17 series in 2025, this could be the year for Apple to bring its boldest "Pro Max" model to the table — the kind of iPhone 16 upgrade that stands tall above its siblings, both figuratively and literally. If you have been holding out for the iPhone 16 Pro Max, here are five of the biggest changes rumored to be coming...
iOS 17

Apple Releases iOS 17.5.1 With Fix for Reappearing Photos Bug

Monday May 20, 2024 10:11 am PDT by
Apple today released iOS 17.5.1 and iPadOS 17.5.1, minor updates to the iOS 17 and iPadOS 17 operating system updates that came out last September. The 17.5.1 updates come a week after the launch of iOS 17.5 and iPadOS 17.5. iOS 17.5.1 and iPadOS 17.5.1 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. According to Apple's...
maxresdefault

iPhone SE 4 With Face ID Said to Be Priced Below $500

Monday May 20, 2024 3:43 am PDT by
Apple is targeting a sub-$500 starting price for its upcoming fourth-generation iPhone SE model despite a raft of rumored upgrades coming to the more affordable device. According to leaker Revegnus on X, the U.S. launch price of the fourth-generation iPhone SE will either remain at the same $429 starting price as the current model, or will see an increase of around 10%. Either way, Apple's...
microsoft surface pro qualcomm

Microsoft Says New Surface Pro is Faster Than 15" M3 MacBook Air

Monday May 20, 2024 3:19 pm PDT by
Microsoft is going all in on AI, today introducing a series of Copilot+ PCs that have AI-focused hardware. The new Surface Pro is one of the first Copilot+ PCs, equipped with Qualcomm's Arm-based Snapdragon X Elite processor. Microsoft is already pitting the Surface Pro against Apple's M3 MacBook Air, and in marketing materials, claims that the Surface Pro has superior processing power and...
iPhone 15 Pro Cameras

iPhone 16 Pro Max to Feature New 48MP Wide and Ultra Wide Cameras

Tuesday May 21, 2024 3:36 am PDT by
Apple's iPhone 16 Pro Max will boast a bigger main camera sensor while both iPhone 16 Pro models will feature a 48-megapixel Ultra Wide camera for the first time, claims a rumor coming out of Asia. According to Weibo user OvO Baby Sauce OvO, the main camera of the iPhone 16 Pro Max will be based on an advanced custom 48-megapixel Sony IMX903 sensor. In contrast, the iPhone 16 Pro will use...

Top Rated Comments

Skika Avatar
149 months ago
the yacht is scheduled to be transported by ship

Thats funny.
Score: 44 Votes (Like | Disagree)
yearofthe Avatar
149 months ago
Is the Venus 2 going to be thinner and lighter with a new design?
Score: 40 Votes (Like | Disagree)
charlieegan3 Avatar
149 months ago
How is the private yacht of a past CEO's family getting so much coverage on here? And front page too?

----------

Thank goodness! Now the Jobs family has something to put underneath the Christmas tree for the kids!

That would be one quick trip to the states...
Score: 37 Votes (Like | Disagree)
spacedesign911 Avatar
149 months ago
...ships in 2 weeks!
Score: 27 Votes (Like | Disagree)
wordoflife Avatar
149 months ago
Again people, when you make a multimillion dollar agreement, make sure you have it in a contract.
Score: 16 Votes (Like | Disagree)
Rockondevil Avatar
149 months ago
How is the private yacht of a past CEO's family getting so much coverage on here? And front page too?

You know who Steve Jobs is right? Without him nobody would be here. Why wouldn't his family get coverage?
Score: 15 Votes (Like | Disagree)