What's going to happen to Steve Jobs' yacht?
The sleek 256-foot vessel is at the center of an embarrassing pay spat.
The heirs of the late Steve Jobs reportedly owe nearly $4 million to French designer Philippe Starck, who helped the longtime Apple (AAPL) CEO design a sleek, white aluminum, 256-foot yacht dubbed "Venus," according to media reports.Jobs reportedly worked on Venus, which is stuck in the Port of Amsterdam because of the pay dispute, for seven years and it shows. Venus looks extraordinary in pictures that have been posted online. It reportedly has a teak deck along with ceiling-to-floor glass, seven 27-inch iMacs on the bridge and the signature Jobs' minimalist design that makes Apple's products and retail stores engaging to so many people.
The cost of Venus is a matter of some dispute. Starck, who the AP says has been paid 6 million euro ($7.9 million) for his work, pegs the cost at 150 million euro, or about $198 million. Jobs' heirs estimate the vessel costs 105 million euro, or about $139 million, according to the Financial Times.
"The Jobs family gave each of the members of the shipbuilding staff an elegant thank-you note, along with a token gift of their appreciation -- an iPod Shuffle with the name of the ship inscribed on the back," CNN.com says.
Jobs' widow Laurene and Starck will resolve their dispute eventually, maybe soon. Once she takes possession of Venus, she will need to figure out what to do with it. Because of its size, it isn't very practical to just to keep for family pleasure cruises. Maybe it can be used for some sort of charitable purpose, a fitting way to remember the visionary who was responsible for so many products that are integral parts of modern life.
--Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
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