The Flag Yacht: The Luxury Vessel with a Rich History and Renowned Owners
The impressive Flag yacht has a fascinating history with a series of notable owners, including the renowned fashion designer Tommy Hilfiger. Originally built as Cakewalk for Charles Gallagher, the yacht has undergone several ownership changes and name alterations, reflecting its distinguished pedigree.
Key Takeaways:
- The Flag yacht is owned by renowned fashion designer Tommy Hilfiger.
- Flying flags on yachts holds significant maritime tradition and serves various purposes.
- Stay informed about the current location of the Flag yacht through the provided link.
- The yacht’s value is estimated at $45 million, with annual running costs of around $4 million.
- The yacht was sold in August 2024
Ownership Timeline
Charles Gallagher commissioned the yacht and named it Cakewalk. Eventually, he upgraded to an 85-meter Derecktor vessel, now known as Aquila. Gallagher sold Cakewalk to Frank Fertitta, who renamed it Fortunato. Later, it was sold to Lawrence Stroll, who christened it Faith. Some photos on this page are from the ‘Faith period’.
In 2017, Stroll took delivery of his new 97-meter yacht, also named Faith, and sold the current vessel to his business partner, Tommy Hilfiger. Hilfiger named her Flag, in reference to his iconic business logo. In the meantime Stroll has ordered a smaller yacht and sold Faith to Michael Latifi.
Yacht Specifications and Features
Flag was launched in 2000 by Feadship (Royal Van Lent). Constructed with a steel hull and an aluminum superstructure, the yacht showcases the exceptional craftsmanship and engineering that Feadship is known for. Flag can accommodate up to 14 guests in 7 luxurious cabins and has a crew of 17 to ensure a comfortable and enjoyable experience for everyone on board.
The yacht is powered by 2 Caterpillar engines, which propel her to a maximum speed of 16 knots. With a cruising speed of 15 knots, she offers a smooth and stable ride. Flag has a range of over 3,000 nautical miles, allowing for long journeys and exploration of remote destinations.
One of the distinguishing features of the yacht is the prominent Tommy logo displayed on its exterior, showcasing the proud ownership of Tommy Hilfiger and adding a unique touch to this magnificent vessel.
Notable Owners and Luxury Design
The yacht Flag’s history is not only notable for its ownership timeline but also for its connection to some of the most successful entrepreneurs and business magnates. From Charles Gallagher to Frank Fertitta, Lawrence Stroll, and ultimately Tommy Hilfiger, each owner has left their mark on this luxurious yacht. Today, the yacht Flag serves as a symbol of prestige, luxury, and the iconic style of its current owner, Tommy Hilfiger.
Who is the Owner of the Yacht FLAG ?
The yacht’s owner is fashion designer Thomas Hilfiger. He is often spotted on board, with friends such as the Kardashian / Jenner family. He sold the yacht in August 2024.
The 62.3-meter Feadship superyacht Flag has been sold in a transaction facilitated by Tassos Papantoniou of Torrance Yachts, who introduced the buyer. The seller was represented by Merle A. Wood of Merle Wood & Associates and Henry Craven-Smith of Burgess.
Frequently Asked Questions (FAQ) About the Flag Yacht
Who is the Owner of the Flag Yacht?
The Flag yacht was owned by none other than the renowned fashion designer, Tommy Hilfiger. Known for his iconic fashion brand, Tommy Hilfiger brings his sense of style and sophistication to the world of luxury yachting. He sold her in August 2024. Do you know more about her new owner? Please do send us a message.!
Why Do Yachts Fly Flags?
The tradition of flying flags on yachts has deep roots in maritime culture. Flags serve multiple purposes in the world of seafaring. They are used for communication, signaling a vessel’s nationality or registration, and paying homage to different territories. Flying flags on yachts is a way to showcase the vessel’s identity and adhere to nautical customs.
Where Can I Find the Flag Yacht?
For the most up-to-date information regarding the current location of the Flag yacht, you can visit the following link: Flag Yacht Location. This will provide you with real-time updates on the whereabouts of this remarkable vessel.
How Much is the Flag Yacht Worth?
The Flag yacht holds an impressive value of $45 million. However, it’s important to note that the price of a yacht can vary significantly based on various factors. These factors include the yacht’s size, age, level of luxury, and the materials and technology employed in its construction. In addition to the initial cost, annual running costs for the Flag yacht are estimated to be around $4 million.
Feadship is a Dutch yacht-building company, based in Aalsmeer and Kaag, Netherlands. It was founded in 1949 and it is considered one of the most prestigious and exclusive yacht builders in the world. Feadship specializes in building custom-made luxury motor yachts, ranging in size from 40 meters to over 100 meters in length. Feadship yachts are known for their exceptional craftsmanship, innovative design, and use of advanced technology. The company also offers a wide range of services, including yacht design, engineering, and construction, as well as after-sales support and maintenance. Feadship yachts are highly sought after by wealthy individuals and celebrities around the world, and the company has built yachts for many high-profile clients. Feadship is a cooperation between yacht builders De Vries and Van Lent. Notable projects include Anna, SYMPHONY, and Faith.
De Voogt Naval Architects
De Voogt Architects is a Netherlands-based architectural firm that specializes in designing luxury yachts and superyachts. The company was founded in 1913 by Henri de Voogt and has a reputation for creating innovative and functional designs that are both elegant and timeless. They have experience in designing yachts of all sizes, from small motorboats to large sailing yachts and superyachts. They work closely with shipyards and yacht builders to ensure the best possible result in terms of functionality and aesthetics. The firm is part of FEADSHIP and is its technical office for naval architecture and engineering. Notable projects include Moonrise, Madame Gu, LADY S, and VIVA.
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Is She Available for Yacht Charter?
The boat is not available for yacht charter. In 2023 the Flag boat was listed for sale.
Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth, and net worth.
More About Info About This Yacht
Info about the yacht’s Owner, more Photos and Video, her current Location, and the latest News.
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