But life is never that easy, even for a billionaire

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Halfway There



Buying a semi-completed superyacht can save plenty of time and money, but as the owner of Benetti’s 11-11 found out, it can create a few headaches along the way too. 

In today’s somewhat volatile financial cauldron, it’s not unusual to see a part-built superyacht being offered by a broker at a bargain price. And by bargain, we’re talking at least a couple of million Euros. Getting caught up in the pomp and circumstance of a build is understandable, but this early exuberance can slowly fizzle out as the purse strings tighten. Such was the case with Benetti’s Project FB265, with the commissioning Russian owner walking away half way through the build.

As there are only a handful of billionaires superyacht shopping at any one time, word of the sale soon reached a successful London-based businessman. He was looking to buy his third superyacht and having made his pot of gold developing high-end real estate, the prospect of finishing-off Project FB265 didn’t faze him one little bit. However, his ability to complete the 63-meter Benetti wasn’t exactly the problem.


Being half completed, the interior lounges and cabins were fully trimmed, furnished and dressed to reflect the style and tastes of the somewhat ardent Russian. It was all very Tsar-like, which for the Brit and his young family, was not the on board ambience they were dreaming about. [To be continued...]