http://www.burgessyachts.com/SaleAndPurchase/YachtSpecs.asp?thisID=4100&YachtType=Motor&YachtName=OCEANBREEZE?nid=41824http://www.iht.com/articles/ap/2008/02/15/europe/EU-GEN-France-Saddams-Sea-Palace.phpOwnership dispute clouds sale of luxury yacht built by Saddam, fitted for warThe Associated Press Published: February 15, 2008
PARIS: PARIS (AP) — A palatial pleasure yacht fitted with swimming pools, salons and, should the winds of war blow, a secret passage and a rocket launching system is up for sale — unless Iraq can prove the vessel built for Saddam Hussein still belongs to the toppled dictator's entourage.
The 82-meter (269-foot) sea palace, docked at Nice on the French Riviera, was seized by French authorities Jan. 31 ahead of a court hearing likely to be held in March to determine who owns the vessel, originally built for Saddam when he ruled Iraq.
The government in Baghdad suspects the yacht is still Iraqi. But the posh yacht brokerage firm Nigel Burgess says that other owners, whom it will not name, have asked it to sell the vessel.
The company offers a brief photo tour of the vessel on its Internet site. The decor is sumptuous. The sale price is officially unannounced but reportedly set at €24 million (US$35 million). snip
The market for superyachts "has gone absolutely crazy" over the last 15 years, said Draper, the expert, and "really accelerated" in the Middle East.
Still, the Gulf region "is a very aggressive environment for a boat" so costly refitting might be needed. But it's a bargain nevertheless. Building the vessel today from scratch could cost upward of €100 million ($146 million), Draper said.