The Creation of Pegasus VIII
The Pegasus VIII yacht, initially named Princess Mariana, was conceived as a luxury vessel for Mexican billionaire Carlos Peralta. Built by Royal Denship and delivered in 2002, this steel-hulled yacht with an aluminum superstructure was amongst the world’s largest yachts. The twin Deutz engines under the hood enable her to sail at a top speed of 18 knots, while she comfortably cruises at 16 knots, offering an impressive range of 7,000 nautical miles.
Key Takeaways
- Pegasus VIII, originally known as Princess Mariana, was built for Mexican billionaire Carlos Peralta by Royal Denship in 2002.
- The yacht boasts a steel hull and aluminum superstructure, with twin Deutz engines that allow it to sail at a top speed of 18 knots and a cruising speed of 16 knots.
- Designed by Espen Oeino and with interiors by Zuretti, Pegasus VIII is renowned for its luxurious features, including a float-in dry dock that transforms into a 12-meter swimming pool.
- The yacht was purchased and renamed by California-based construction tycoon Ronald Tutor before being bought by Saudi Arabia’s Crown Prince, Mohammed bin Salman, in 2015.
- Pegasus VIII underwent a significant refit in 2015, which included a change in hull paint and added features.
- The estimated value of Pegasus VIII is around $120 million, with annual running costs of approximately $12 million.
Distinctive Interior and Unique Features
The genius of Espen Oeino is evident in Pegasus VIII’s design, and the interior, crafted by Zuretti, exudes opulence. A noteworthy feature of this yacht is the float-in dry dock that can be flooded to create a 12-meter swimming pool. Luxury amenities, such as a helicopter pad that can morph into a golf driving range, a well-equipped cinema, and a party deck with a dance floor, barbecue, spa pool, and bars, are also part of the package.
The Speedy Chase Boat, Moon Goddess
Accompanying Pegasus VIII was a robust 35-meter chase boat named Moon Goddess, built in Denmark and capable of reaching top speeds of 45 knots, thanks to the 7500hp MTU engines. In 2008, Princess Mariana was put up for sale at an asking price of EUR 125 million (US$ 140 million).
From Ronald Tutor to Mohammed bin Salman
California-based construction tycoon Ronald Tutor was the yacht’s next owner, renaming her Pegasus V. The vessel changed hands again in 2015, this time being purchased by Prince Mohammed bin Salman (MBS), the Crown Prince of Saudi Arabia. Renowned for implementing various modernizing reforms in Saudi Arabia, MBS rechristened the yacht as Pegasus VIII.
Undergoing a Refit
Pegasus VIII underwent an extensive refit in the Netherlands in 2015, resulting in a transformed hull paint and renewed features. MBS also added Yuri Shefler’s yacht Serene to his fleet during this time, showcasing his appreciation for luxury at sea.
Estimating the Value of Pegasus VIII
With its rich history, unique design, and exceptional features, the Pegasus VIII yacht’s value is estimated at around $120 million. The annual running costs amount to approximately $12 million, illustrating the opulence and extravagance of the yacht’s upkeep.umber of factors, including the size, age, and level of luxury of the yacht, as well as the cost price of materials and technology used in its construction.
Royal Denship
Royal Denship was a Danish yacht builder that specializes in the construction of luxury motor yachts. The company was founded in 2001 and was based in Skagen, Denmark. It was declared bankrupt in 2009. Royal Denship returned in 2015 with a newly formed brand, as part of the Hartman Marine Group.
Espen Øino is a Norwegian yacht designer who is known for designing some of the world’s largest and most luxurious yachts. He is the founder and principal designer of Espen Øino International, a yacht design firm based in Monaco. Espen Øino has designed over 200 yachts, including many of the world’s largest and most technologically advanced yachts. Oeino is considered to be one of the world’s leading design studios for large luxury motor yachts. Notable projects include Flying Fox, Crescent, and Octopus.
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