View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
August 6, 2009

Times: Tom Perkins finally sells 289ft yacht for £60m

By Spear's

It required some trimming of the price, but a buyer has finally been found for the largest and most expensive private sailing vessel built.

It required some trimming of the price, but a buyer has finally been found for the largest and most expensive private sailing vessel built.

Tom Perkins, the American venture capitalist, is close to completing the sale of his clipper-style superyacht the Maltese Falcon.

The 289ft boat — an elegant “hybrid” that can run on giant sails or engines — is believed to have fetched about £60m after being on the market for more than a year. The yacht, named after the Dashiell Hammett crime novel and its Humphrey Bogart film version, has three carbon-fibre masts carrying 15 sails. Its appearance is based on a traditional, square-rigged sailing ship.

No deckhands are needed to clamber up the rigging and unfurl the sails, however. Instead, the Maltese Falcon’s DynaRig system can be sailed by one man from a computerised control console on the bridge that moves the yards and sails according to the wind and current.

Perkins wrote some of the software himself. The sails billow out from storage positions inside the masts up to a height of 20 storeys. They can unfurl in six minutes into a total area of 25,791 sq ft, equivalent to half the pitch at Wembley.

To read the full story, visit timesonline.co.uk

Content from our partners
How Flygreen is ascending into the future of private aviation
Stoneweg, Icona, and CBH Strengthen Partnership with Cromwell Acquisition, Adding €4 Billion AUM to Stoneweg
Why investors should consider investing in nature

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network