An unfinished 168-foot superyacht that was abandoned in 2007 will soon be up for auction starting at $1.5 million — see inside the 40% complete yacht

Brittany ChangOct 21, 2022, 19:08 IST

Boathouse Auctions

An unfinished superyacht abandoned just before the Great Recession will be up for auction starting at $1.5 million.
The 168-foot motoryacht could cost between $16 million to $25 million to complete.

A 168-foot superyacht will be up for auction in November starting at only $1.5 million, an absolute steal for a floating home of this size.

Boathouse Auctions

The catch? It's only about 40% finished and the winning bidder will be responsible for bringing the 168-foot Trinity Tri-Deck yacht to life.

Boathouse Auctions

Yacht and boat sales have continued to skyrocket throughout the COVID-19 pandemic with some ultra-luxury yachts selling for millions of dollars above their initial asking price.

Boathouse Auctions

Yacht and boat sales have continued to skyrocket throughout the COVID-19 pandemic with some ultra-luxury yachts selling for millions of dollars above their initial asking price.

And the ultra-wealthy's demand for luxury homes at sea has yet to slow down.

Boathouse Auctions

Superyacht sales hit a record high in 2021 even as manufacturers struggled to keep up with demand amid supply chain and staffing problems.

Boathouse Auctions

So if you're one of the affluent consumers who's still on the hunt for a boat of your own ...

Boathouse Auctions

... but high inflation is keeping you from splurging, why not bid on the half-complete yacht with Boathouse Auctions instead.

Boathouse Auctions

It may not be turnkey, but at least your new superyacht will be semi-customizable.

Boathouse Auctions

The current owner of the 168-foot Trinity was previously the owner of the now-defunct luxury yacht-building company Trinity Yachts.

Boathouse Auctions

In the face of the Great Recession, the project was abandoned in 2007 when it was only 40% complete.

Boathouse Auctions

Since then, the half-finished semi-displacement yacht been stuck in storage where it has been regularly checked.

Boathouse Auctions

And now, it's entering the third stage of its life with Boathouse Auctions where bidding will start at a cool $1.5 million …

Boathouse Auctions

… a bargain compared to other — albeit complete — superyachts.

Boathouse Auctions

For now, the motoryacht is just a nearly completed shell of its potential (the aluminum hull and superstructure are about 95% done).

Boathouse Auctions

But picture its potential as a six-stateroom, four-deck yacht with luxurious amenities like an elevator.

Boathouse Auctions

Of the six staterooms, four for guests and two for the crew.

Boathouse Auctions

The customizable yacht can also accommodate spaces like a galley, formal dining area, owner's lounge …

Boathouse Auctions

… deck with a 12-person dining table …

Boathouse Auctions

… several salons, and an outdoor lounge on the sun deck.

Boathouse Auctions

It obviously wouldn't be a luxury superyacht without a large sun deck.

Boathouse Auctions

The future owner can build out this lounge by adding a bar, dinette, outdoor galley, and more lounge seats to create the perfect space to bask under the afternoon sun.

Boathouse Auctions

And when it's time to cool off in the water, the owners can head to the garage for access to toys like jet skis and a jet tender.

Boathouse Auctions

Along with the half-complete motoryacht, the highest bidder will also receive several parts like engines and a watertight door …

Boathouse Auctions

… as well as some help from the original Trinity Yacht's design and engineering team.

Boathouse Auctions

When it's finally complete, the home at sea will be able to hit up to 23 knots with a less than eight-foot draft.

Boathouse Auctions

But to finish the project, its future owner will have to cough up at least $16 million for lower-end finishes, according to estimates from shipyards in Greece and Turkey, Jack Mahoney, a director at Boathouse Auctions, told Insider in an email.

Boathouse Auctions

But to finish the project, its future owner will have to cough up at least $16 million for lower-end finishes, according to estimates from shipyards in Greece and Turkey, Jack Mahoney, a director at Boathouse Auctions, told Insider in an email.

If they want top-of-the line amenities, the project could cost upwards of $25 million.

Boathouse Auctions

To compare, buying a new yacht of this similar size could cost over $35 million, according to the 168-foot Trinity 2007's listing page.

Boathouse Auctions

The unfinished yacht is far from inexpensive …

Boathouse Auctions

… but with time, patience, and a few extra supplies, the yacht's future owner could find themselves saving close to $20 million.

Boathouse Auctions

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An unfinished 168-foot superyacht that was abandoned in 2007 will soon be up for auction starting at $1.5 million &mdash; see inside the 40% complete yacht

A 168-foot superyacht will be up for auction in November starting at only $1.5 million, an absolute steal for a floating home of this size.

The catch? It's only about 40% finished and the winning bidder will be responsible for bringing the 168-foot Trinity Tri-Deck yacht to life.

Yacht and boat sales have continued to skyrocket throughout the COVID-19 pandemic with some ultra-luxury yachts selling for millions of dollars above their initial asking price.

And the ultra-wealthy's demand for luxury homes at sea has yet to slow down.

Superyacht sales hit a record high in 2021 even as manufacturers struggled to keep up with demand amid supply chain and staffing problems.

So if you're one of the affluent consumers who's still on the hunt for a boat of your own ...

... but high inflation is keeping you from splurging, why not bid on the half-complete yacht with Boathouse Auctions instead.

It may not be turnkey, but at least your new superyacht will be semi-customizable.

The current owner of the 168-foot Trinity was previously the owner of the now-defunct luxury yacht-building company Trinity Yachts.

In the face of the Great Recession, the project was abandoned in 2007 when it was only 40% complete.

Since then, the half-finished semi-displacement yacht been stuck in storage where it has been regularly checked.

And now, it's entering the third stage of its life with Boathouse Auctions where bidding will start at a cool $1.5 million …

… a bargain compared to other — albeit complete — superyachts.

For now, the motoryacht is just a nearly completed shell of its potential (the aluminum hull and superstructure are about 95% done).

But picture its potential as a six-stateroom, four-deck yacht with luxurious amenities like an elevator.

Of the six staterooms, four for guests and two for the crew.

The customizable yacht can also accommodate spaces like a galley, formal dining area, owner's lounge …

… deck with a 12-person dining table …

… several salons, and an outdoor lounge on the sun deck.

It obviously wouldn't be a luxury superyacht without a large sun deck.

The future owner can build out this lounge by adding a bar, dinette, outdoor galley, and more lounge seats to create the perfect space to bask under the afternoon sun.

And when it's time to cool off in the water, the owners can head to the garage for access to toys like jet skis and a jet tender.

Along with the half-complete motoryacht, the highest bidder will also receive several parts like engines and a watertight door …

… as well as some help from the original Trinity Yacht's design and engineering team.

When it's finally complete, the home at sea will be able to hit up to 23 knots with a less than eight-foot draft.

But to finish the project, its future owner will have to cough up at least $16 million for lower-end finishes, according to estimates from shipyards in Greece and Turkey, Jack Mahoney, a director at Boathouse Auctions, told Insider in an email.

If they want top-of-the line amenities, the project could cost upwards of $25 million.

To compare, buying a new yacht of this similar size could cost over $35 million, according to the 168-foot Trinity 2007's listing page.

The unfinished yacht is far from inexpensive …

… but with time, patience, and a few extra supplies, the yacht's future owner could find themselves saving close to $20 million.

An unfinished 168-foot superyacht that was abandoned in 2007 will soon be up for auction starting at $1.5 million — see inside the 40% complete yacht