The Majestic Yacht: An Overview
Basking in the glow of luxury and sophistication, the Majestic yacht stands as a significant icon in the world of extravagant marine vehicles. This stunning yacht was initially constructed by the esteemed Feadship as the Secret for Nancy Walton Laurie, the daughter of Bud Walton, the brother and business partner of Sam Walton, the founder of retail giant Wal-Mart. The Majestic was delivered to Mrs Laurie in 2007.
Key Takeaways
- The Majestic yacht was initially constructed by Feadship for Nancy Walton Laurie, who sold it to Bruce Sherman for $69 million in 2010.
- The sale led to a legal dispute when the broker involved claimed USD 4.8 million in lost commissions.
- Nancy Walton Laurie ordered a new 82-meter yacht, also named Secret, from Abeking & Rasmussen in 2013.
- And she now owns the amazing KAOS Yacht.
- The Majestic yacht can accommodate 14 guests and a crew of 16, reaching a top speed of 16 knots and a cruising speed of 12 knots.
- There is controversy surrounding the ownership of the Majestic yacht, with Mr. Sherman’s alleged representation denying his ownership.
- The Majestic yacht’s estimated value is $70 million, with annual running costs of around $7 million.
Changes in Ownership and the $69 Million Deal
A twist in the Majestic yacht’s narrative unfolded when Nancy Walton Laurie sold it. Interestingly, information unearthed from here reveals that she sold the yacht in 2010 for a whopping $69 million to Bruce Sherman, an American business magnate.
The Legal Tangle over Lost Commissions
This enormous transaction was not without controversy, as it led to a legal battle regarding sales commissions. The broker, who played a crucial role in the sale, was abruptly discharged by the brokerage firm before the completion of the transaction. This abrupt dismissal led the broker to claim a colossal USD 4.8 million in lost commissions. Intriguingly, Mr. Sherman, the new owner of the Majestic, was not involved in this legal wrangle.
Confirmation of Bruce Sherman as the New Owner
The assertion that Mr. Sherman is indeed the new owner of the Majestic is reinforced by evidence from here. It is reported that Mr. and Mrs. Sherman donated a week in a 201ft yacht, the same length as the Majestic. This yacht, according to a document, is a Feadship.
Nancy Walton Laurie and Her New 82-Meter Yacht Secret
Even after the sale of the Majestic, Nancy Walton Laurie’s love for yachts remained undimmed. In 2013, she ordered a new 82-meter yacht, also named Secret, from the distinguished shipbuilders at Abeking & Rasmussen. The interior design of both yachts is credited to the brilliant Jim Harris. She now owns the amazing KAOS yacht built by Oceanco for the former Emir of Qatar.
Features and Specifications of the Majestic Yacht
The Majestic yacht, crafted in 2007 by Feadship in the Netherlands, is a testament to luxury and craftsmanship. With a capacity to comfortably house 14 guests and a crew of 16, the yacht represents a perfect amalgamation of comfort and extravagance. Powering the Majestic are her twin Caterpillar engines, which propel her to a top speed of 16 knots and a cruising speed of 12 knots. She boasts exclusive features like a cinema, a Jacuzzi, and a gym.
Who is the Owner of the Majestic Yacht?
Presently, the owner of the Majestic yacht is believed to be the Miami-based millionaire Bruce Sherman, the founder, and CEO of Private Capital Management (PCM). Bruce Sherman, an American businessman and investor, is known for his proficiency in value investing and his long-term investment approach.
Controversy Surrounding Ownership
In an unexpected turn of events, SuperYachtFan received an email from a Florida Lawyer, supposedly representing Mr. Sherman, asserting that Mr. Sherman was not the owner of the yacht. However, a case search here contradicts this claim, indicating that Mr. Sherman did indeed purchase the Majestic yacht.
How Much is the Majestic Yacht Worth?
Valued at a staggering $70 million, the Majestic yacht’s annual running costs round off to around $7 million. The price of a yacht can considerably vary depending on several factors, including size, age, the level of luxury, and the technology and materials used in its construction.
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, Falcon Lair, and Faith.
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