1 milion yacht

Luxury & Performance: 5 Motor Yachts Under $1 Million Ready for Adventure on the Water.

Jun 23, 2023

Luxury yachts are every seafarer’s dream, but they don't have to remain a dream. With careful planning and research, you can find a luxury yacht that fits your lifestyle. Here are 5 luxury yachts under $1 million available right now:

1. D’PADRON - 2013 AZIMUT 58 FT FOR SALE (pictured above)

The D’PADRON is a sleek and stylish yacht that offers the ideal blend of luxury and comfort. This 58-foot Azimut boasts state-of-the-art amenities, including an open salon, a fully equipped galley, and three comfortable staterooms, and the flybridge offers a relaxing and spacious outdoor area that can seat up to 10 guests. The D’PADRON is priced at $849,000, making it an excellent choice for those looking for a high-quality yacht to begin their nautical adventures.

2. SATISFIED - 2008 SEA RAY 60 FT FOR SALE

SATISFIED is an elegantly designed and well-equipped 60-foot Sea Ray yacht with plush interiors and impressive performance capabilities. With its three luxurious staterooms, spacious salon, and well-equipped galley, this yacht is perfect for family getaways and weekend outings. Additionally, the vessel comes with a hydraulic swim platform, tender garage, and fully equipped flybridge, for the ultimate luxury yachting experience. You can purchase this stunning yacht now for $849,000.

3. COCONUTS - 2022 TIARA YACHTS 38 FT FOR SALE

With its innovative design and excellent performance, COCONUTS is a splendid 38-foot vessel from Tiara Yachts. The vessel offers a spacious layout, including a cozy salon, a fully equipped galley, and two comfortable staterooms. The outdoor experience is equally impressive, with a large cockpit and sun pad perfect for soaking up some rays. This stunning yacht can be yours for $765,000.

4. ANDI LYNN - 2019 INTREPID 40 FT FOR SALE

Last on our list is the ANDI LYNN, a 2019 Intrepid 40-foot center console yacht that offers both luxury and performance. This yacht has a modern, sporty look and comes equipped with a spacious cockpit, comfortable seating, a fully equipped galley, and a cozy salon. The vessel's performance capabilities are also remarkable, thanks to fast and reliable outboard engines. You can purchase this stunning yacht for $665,000.

5. JOURNEY - 2016 TIARA YACHTS 45 FT FOR SALE

JOURNEY is a 45-foot flybridge from Tiara Yachts that oozes luxury and elegance. Launched in 2016, this yacht is well-appointed with a spacious salon, fully equipped galley, and two comfortable staterooms. With ample indoor and outdoor seating options, the yacht's flybridge deck sports a wet bar, grill, and comfortable seating. You can purchase this sports yacht today for $735,000.

These yachts offer a range of options for individuals looking to enter the world of luxury yacht ownership. Each provides an exceptional experience by combining state-of-the-art amenities with the comfort of being on the water. Owning these high-quality yachts would be a dream come true for any nautical enthusiast.

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Used Yachts for Sale Between $1000000 and $1500000

If you're looking for a pre-owned yacht for sale between $1 million and $1.5 million, SI Yachts has the expertise to assist you in choosing the perfect boat for your requirements. Whether heading offshore to hunt for billfish or cruising the east coast, there are many options available on the yacht brokerage market. This is where the personalized customer service and knowledge our team proves valuable to you as the customer.

Boats for sale under $1.5 million dollars online include brands like Azimut Yachts , Bertram Yachts , Ferretti Yachts , Galeon Yachts , Hatteras Yachts , Prestige Yachts , Sea Ray , Sunseeker Yachts , Viking Yachts , and more! From New York, to Florida, and beyond, SI Yachts can assist you in the purchase or sale of a boat under $1.5 million. We look forward to earning your business! Contact us today at [email protected] or by calling one of our convenient locations . SI Yachts are also Licensed Florida Yacht Brokers.

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Used Yachts For Sale Between $1,500,000 and $2,000,000

52' SAY Carbon Yachts 52 2025

$ 2,000,000

Fort Lauderdale, United States

46' Riviera 46 Sports Motor Yacht 2023

$ 1,999,999

Fort lauderdale, United States

Price Reduction

73' Sunseeker Manhattan 73 2014

63' Hatteras 63GT 2012

North Palm Beach, United States

53' Scout 530 LXF 2020

Miami, United States

63' Lagoon 620 2015

$ 1,999,944

64' Serenity Yachts 64 Hybrid 2019

$ 1,999,900

Riviera Beach, United States

72' Grand Banks 72 Aleutian 2006

Sarasota, United States

United Yacht Central

New Arrival

46' Valhalla Boatworks V-46 2024

Ft. Lauderdale, United States

46' Valhalla Boatworks V-46 2023

72' Azimut 72 2017

$ 1,999,000

Miami Beach, United States

74' Viking 2006

Description

Finding a used yachts for sale between $1,500,000 and $2,000,000 that fits your needs when it comes to number of passengers, horsepower, inside accommodations, and other features on board can be a challenge with so many options available on the market today. There are many types of boats available between $1.5m and $2m like  center-consoles ,  cruising yachts , motor yachts and  fishing boats , with many good options across all length ranges Still, there are plenty of opportunities with brands like  Sea Ray ,  Carver ,  Princess ,  Grand Banks ,  Meridian ,  Viking ,  Hatteras ,  Bertram , and others. Let the team at United Yacht Sales help you find the right vessel that fits your needs under $2 million.

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10 Used Yachts Under $1 Million Available Now

• By Jake Lamb
• April 17, 2024

For boaters looking for a new-to-them used yacht, now is a great time to start scouting options as the used-yacht segment has been shifting to a buyer’s market . To help boat buyers in their yacht shopping, here’s an in-depth look at 10 used yachts priced under $1 million that are ready for new owners today.

2003 Ferretti Yachts 590 Motoryacht – Pretty Lady – Fort Lauderdale, Florida

The Ferretti Yachts 590 is a flybridge motoryacht penned for entertainment and relaxation. Gilman Yachts has this 2003 Ferretti 590, Pretty Lady , listed with a $499,000 asking price.

Exterior entertainment spaces aboard Pretty lady include a two-person sun pad on the foredeck, two forward-facing transom bench seats in the cockpit and a U-shaped dinette on the flybridge.

Inside, the split-level salon has a lounge area aft with a U-shaped settee to port and a chair to starboard. Staircases flank the salon amidships with the floating staircase to port leading up to the flybridge and the staircase to starboard leading belowdecks. A more formal dining spot, a C-shaped dinette, is forward and up three steps to starboard, directly adjacent to the helm station.

The galley is down, located amidships and accessed via the starboard stairway. The galley is equipped with a Bosch four-burner electric cooktop, a Premium refrigerator and freezer and a Cuisinart built-in microwave oven.

Sleeping Accommodations

• Master Stateroom: athwartships tapered queen berth
• Forepeak VIP: centerline queen berth
• Guest: side-by-side single berths

Power for the Ferretti Yachts 590 is twin 1,050 hp MAN diesels, which push it to a reported 34-knot top.

Some other notable features on board Pretty Lady include:

• ICOM IC M504 VHF
• Jabsco searchlight control
• Simrad AP 22 autopilot
• Raymarine ST60 Tridata
• Garmin GPSMAP 7612Xsv touchscreen

Take the next step: Contact Jeff Stanley, 954-249-0360, [email protected]

Quick Specifications

• Length Overall: 59′
• Maximum Beam: 17’3″
• Fuel Capacity: 924 Gal.
• Draft: 5’2″

2005 Hinckley Yachts Talaria 40 – Elise – Portland, Maine

“The new [Hinckley] Talaria 40 is neither as sporty as her smaller sibling nor as soft on the senses as her larger sister. She fits nicely between the two, with accommodations that invite owners to spend more than a weekend aboard, even to prepare meals and sleep,” Yachting previously reported. 

Worth Avenue Yachts has Elise , a Hinckley Yachts Talaria 40 that combines classic downeast lines with angling features, listed for sale with a $599,000 price tag. While the yacht was originally delivered in 2005, it was transformed in 2012 after naval architect Mathew Smith, engineers from Volvo Penta and Hank Hinckley replaced the standard jet propulsion system with the latest Volvo Penta IPS pod-drive propulsion system, resulting in a “groundbreaking and first-of-its-kind modification,” according to Worth Avenue Yachts.

The yacht has “enhanced tracking, superior turning ability, and a more efficient midrange cruise compared to traditional jet-powered counterparts,” says the broker, adding, “ Elise goes a step further by offering dynamic positioning, allowing her to hold a specific GPS position at the touch of a button—an invaluable feature not only around docks but also during bridge wait times or while observing an upwind mark rounding in a sailing race.”

With the yacht’s previous owner being an avid fisherman, they added an array of features that enhance the fishing experience, including 27-foot Rupp removable outriggers, rod holders, a baitwell, a slightly modified cockpit, a removable rocket launcher and a livewell.

Belowdecks, owners and guests have access to the day head to port, the V-berth cabin forward and the galley to starboard. The galley is equipped with a Corian countertop, a two-burner Princess electric cooktop, a single-basin polished stainless-steel sink, a Sharp convection microwave oven, an Adler Barbour refrigerator/freezer and a U-Line ice maker.

The interior has two L-shaped settees and a fixed table to port. Twin low-hour (653) 435 hp Volvo Penta IPS600 diesels power the 40-footer.

Additional features aboard Elise include:

• Garmin 8617 multifunction display/radar, chart plotter
• Simrad AP28 Autopilot
• Icom IC-M602 VHF
• Raymarine ST60 Tri-data display

Take the next step: Contact Worth Avenue Yachts ,1-206-209-1920

• Length Overall: 40’1″
• Maximum Beam: 12’5″
• Draft: 3’2″

Grand Banks 46 Eastbay SX – 2012 – Defiance – Essex, Connecticut

“Sportiness is not a modifier often associated with Downeast-style express cruisers. But the new 46 Eastbay is powered by the Zeus propulsion system from Cummins MerCruiser Diesel, which changes the game as far as performance and handling are concerned,” Yachting previously reported . 

Grand Banks Yachts built, and is currently selling Defiance , a Grand Banks 46 Eastbay SX, for $829,000. The 2012 Downeast Cruiser features a two-stateroom, two-head layout. It’s powered by twin 600 hp Cummins QSC 8.3 diesels with Zeus pod drives, which give the 46 Eastbay SX a 31-knot top hop.

The interior of the 46-footer has satin-finish teak with a teak-and-holly sole throughout the interior. A U-shaped dinette to port and a sofa to starboard complete the salon’s seating arrangement.

Belowdecks, owners and their guests will find the galley amidships with the en suite master stateroom and its queen berth forward in the bow. Galley appliances include a Princess Gourmet three-burner cooktop, a freezer, two refrigerator drawers, a microwave/convection oven, a stainless-steel sink and provision stowage.

Some other notable features on board Defiance include:

• New Garmin electronics suite
• Freedom hydraulic tender lift
• AB center console
• Stidd helm chair

Take the next step: Contact Steve Fithian , [email protected], 954-383-1999

• Length Overall: 46′
• Maximum Beam: 14’7″
• Draft: 3’4″

2004 Azimut Yachts 62E – Nailed It – Orange Beach, Alabama

When Azimut Yachts first introduced the 62 Evolution in 2004 to replace its 58 Fly, the builder focused on creating a vessel suited for family-style cruising and entertaining. Nailed it is a 2004 Azimut 62E listed with United Yacht Sales for $569,000.

That yacht has a split-level interior arrangement with a lounge area aft, and the formal dining forward and adjacent to the lower helm station and galley. A C-shaped settee and fixed coffee table are to port and a sofa is to starboard. The C-shaped dinette is up two steps and to starboard. The galley is equipped with a service bar, a double sink, a four-burner glass cooktop and an upright refrigerator and freezer.

Outside entertainment spaces include the sun pad on the foredeck, the transom bench seat in the cockpit and a U-shaped dinette on the flybridge that doubles as a lounge pad.

After a fun day on the water comes to an end and owners and guests alike are ready to turn in, head belowdecks where three staterooms offer accommodations for six. The full-beam amidships master stateroom has an inboard-facing angled queen berth and an en suite head. The forepeak VIP has a queen berth while the third guest stateroom has single berths.

Power for Nailed It comes from twin 914 hp MTU 8V 2000 M 90 diesels, giving the 65-footer a reported 31-knot top hop.

Some other notable features on board Nailed It include:

• Bow/Stern Thruster control
• Garmin  12-inch touchscreen chart plotter
• Simrad AP-22 autopilot
• Simrad RS-87 VHF radio
• Simrad IS-15 Digital depth gauge
• Simrad RA-44C radar

Take the next step: Contact Jim Hill , [email protected], 1-772-215-0878

• Length Overall: 65’1″
• Fuel Capacity: 988 Gal.

2002 Viking Yachts 61 Enclosed Bridge – Kiki – Destin Florida

For anglers in the market for a supersize sport-fisherman, Galati Yacht Sales has Kiki , a Viking Yachts 61 Enclosed Bridge, listed for sale with an $899,000 price tag. The 2002 build has a 170-square-foot cockpit, an all-weather skylounge and room for a hardcore tournament crew.

The enclosed bridge has two access points, either via the salon or from stairs in the cockpit. The helm station has a seat on centerline flanked by a bench seat to starboard and a second helm chair to port. An L-shaped settee, coffee table and flat-screen TV abaft the helm station gives the space a skylounge vibe. One level up from the enclosed bridge is a second helm station that offers a clear view of the trolling spread. 

Kiki ’s salon has lounge seating aft with an L-shaped sofa and coffee table to port. The galley is forward with a C-shaped dinette directly to starboard. The galley comes with a U-shaped, high-polished Corian sandstone countertop and an array of appliances including:

• Under-counter refrigeration with drawers, two refrigerators and one freezer
• Trash compactor
• Garbage disposal
• Microwave convection
• Three-burner recessed cooktop 

When a long, successful day of fishing comes to an end, three staterooms await the crew belowdecks. The amidships master stateroom has a king berth and an en suite head. The forepeak VIP has a centerline queen berth and the third stateroom has bunk berths.

Twin 1,480 hp MTU 12V2000 diesels provide power for Kiki . Both engines have 1,100 hours on them.

Some other notable features on board Kiki include:

• Release Marine Helm Chairs with Polished Stainless Pedestals
• New DDC/MTU Displays
• New Garmin GPS
• New ICOM VHF
• New Garmin Plotter

Take the next step: Contact Jim Azzolini , 850-259-3246 or Will Roohan, 443-610-2861 

• Length Overall: 61′
• Maximum Beam: 18’2″
• Draft: 5’4″

2018 Azimut 50 Fly – Relentless – Miami, Florida

MarineMax currently has Relentless, an Azimut Yachts 50 Fly, listed for sale at $895,000. The 2018 flybridge cruiser is dressed to impress inside and out with a variety of outdoor entertainment spaces and a main-deck interior that Yachting once described as contemporary and warm.

Volume-enhancing windows line the main deck superstructure, bathing the salon, galley and lower helm station in natural light. The split-level interior has the salon aft with a U-shaped settee and fixed folding table to starboard and a sofa to port. First-time guests probably won’t even notice the main deck galley which feels seamlessly integrated into the port-side counters, directly across from the two helm seats.

In addition to the flybridge amenities like the sun roof, sink, refrigerator and barbecue, it also has entertainment spaces like two facing sofa aft and a U-shaped dinette forward that doubles as a lounge pad. In the cockpit below guests can enjoy alfresco dining at the transom settee and fixed table, pull up a few chairs to fit up to six people. On the foredeck owners and their guests can enjoy sunbathing on the two-person sun pad.

Relentless has sleeping accommodations for up to six people in three staterooms. The full-beam amidships master stateroom has a centerline berth and an en suite head as does the forepeak VIP stateroom. The starboard guest stateroom has single bunk berths.

Twin low-hour (750) 670 hp Volvo D11 diesels power Relentless pushing it to a reported 32-knot top hop and a 25-knot cruise speed.

Take the next step: Contact Jorge Camaraza , 786-547-2847

• Length Overall: 52’9″
• Maximum Beam: 15’3″
• Fuel Capacity: 581 Gal.

2008 Huckins 60 – Marina – Naples, Florida

“Her reverse transom masks an integral swim platform, which seems a practical compromise to tradition and accounts for her length overall (60 feet, 3 inches). Her styling has been refined: It’s a bit softer and has more curves than Frank Huckins might have liked. Such features were not efficient in wood construction. The gentle rise of her slightly reverse sheer, her proud chine, and the conservative rake of her stem are trademark Huckins,” Yachting previously reported . 

Allied Marine has a 2008 Huckins 60 for sale with a $995,000 asking price. Marina , a 60-foot motoryacht, has a two-stateroom layout, a new Glendinning Joystick control system and a 2-foot, 7-inch shoal draft.

The open, dance-floor-sized cockpit is a blank canvas for owners to equip to suit their entertainment needs, fishing and more. 

A few steps up from the cockpit is the bridge deck, which has the helm forward and two three-person sofas flanking the lounge space aft. A fixed, high-gloss folding table between them turns the lounge area into a formal dining spot.

Stepping belowdecks, there is a salon and open galley with three hullside windows on either side bathing the space in natural light, creating the sense of interior volume. Galley appliances include:

• Sub-Zero refrigerator and freezer
• Miele dishwasher
• Kenyon two-burner ceramic stovetop 
• Granite countertops
• Built-In storage for crystal, china and flatware

Abaft the lower-deck lounge area and down a few steps is the full-beam amidships master stateroom, which has a queen berth and an en suite his-and-hers head, separated by a shower stall. The forepeak guest stateroom has V-berths.

Marina has the same 715 hp Cummins QSM 11 diesels our test yacht had, which saw a 31-knot top hop and a 25-knot cruise.

Notable helm features on board Marina include:

• Glendinning Pro Pilot Joystick control
• Glendinning Pro positioning system 
• Two Furuno Navnet 17 chart plotters
• Simrad Autopilot AP 25
• ICOM M504 VHF
• Ritchie Compass

Take the next step: Contact Don Strong , 1-239-272-9446, [email protected]

• Length Overall: 62’3″
• Maximum Beam: 16’6″
• Draft: 2’7″ 

2007 Hatteras 54 Convertible – Salt Cracker – Dunedin, Florida

If you’re in the market for a 50-foot-class sport-fisherman, your search may be over. HMY Yacht Sales currently has Salt Cracker , a 2007 Hatteras 54 Convertible, listed at $949,000.

The 54-footer has its original Caterpillar C32 diesel engines with 2,530 hours. The convertible has a three-sided enclosure and a two-seat upper helm station.

The mezzanine cockpit seating was just reupholstered. Salt Cracker ’s other cockpit amenities include tackle stowage to starboard, an ice dump in the port mezzanine step, a deep freezer in the portside mezzanine seat, stowage under the steps, a refrigerated step box, a teak six-rod rocket launcher with two cupholders, six in-gunwale rod holders, four clearing rod holders in haunches and a removable in-deck fish box.

The salon has an L-shaped sofa and coffee table to port and an L-shaped dinette forward and to starboard. The galley is forward to port and is equipped with an array of appliances and features, including:

• Frigidaire four-burner cooktop
• Sub-Zero under-counter drawer refrigeration units (six drawers total)
• Sharp Microwave convection oven
• Fluted wood valances
• Stainless steel under-mount sink with single-lever faucet
• Drawer, pantry and cabinet stowage

Belowdecks, guests will find an amidships en suite master stateroom with a walkaround queen berth, a forepeak VIP with a crossover berth and a guest stateroom with side-by-side twin berths.

Some other notable features on board Salt Cracker include:

• 8622 Garmin 22-inch touchscreen multifunctional displays
• Garmin HD radar
• Garmin 8610 touchscreen multifunctional display in tower
• Fusion sound system with JL Audio speakers, amplifier, and subwoofer
• KVH UHD7 Satellite system
• 17.5kW Freshwater-cooled Onan generator 

Take the next step: Contact Mark Mitchell , 407-435-6982, [email protected]

• Length Overall: 54′
• Fuel Capacity: 1,250 Gal.
• Draft: 4’2″

2016 Prestige 550 S – Solid Asset – St. Petersburg, Florida

For owners in the market for a yacht with room for family cruising, amenities for at-sea entertainment and power for a fun-driving experience, Galati Yacht Sales has this Prestige 550S listed at $869,000. Solid Asset , a 2016 Prestige express cruiser, has a three-stateroom layout and 31-knot speed.

The Prestige 550S maintains a constant connection with the environment across a variety of onboard spaces, from the foredeck sun pad to the alfresco dining in the cockpit, and to the salon thanks to nearly 360 degrees of windows and a sliding glass door aft.

The galley-aft layout reinforces Solid Asset’ s entertainment-focused sensibility, making it easy to serve guests in the cockpit and the salon. The galley has an array of meal-prep appliances, including a Bosch induction stovetop, a Cuisinart stainless-steel convection/microwave oven, a dishwasher, a refrigerator-freezer and an ice maker.

In the salon, guests will find a sofa to starboard and abaft the helm station, and a U-shaped dinette to port that accommodates six guests for meals.

When it’s time to retire, three staterooms belowdecks can sleep up to six. The full-beam amidships master stateroom has a queen berth and en suite head.

Power for Solid Asset is provided by twin Cummins QSC 600 8.3L diesels.

Other notable features aboard Solid Asset include:

• Seakeeper 9 gyrostabilizer 
• Onan generator
• Raymarine electronics package
• Hydraulic swim platform

Take the next step: Contact Jeff Rummel , 1-239-691-8100

• Length Overall: 55′
• Maximum Beam: 15’8″
• Draft: 3’10” 

2012 Riva SportRiva 56 – Gabriela – North Miami, Florida

“Riva’s SportRiva 56 is a dangerous yacht. It will blur your eyesight, disturb your emotions, mess with your mind. It is that older woman with the sultry eyes sitting alone at the bar. Walking down the pier toward the SportRiva, your mind says, “Run! Run for your life!” But you are powerless, drawn inexorably like metal filings to a magnet,” Yachting previously reported . 

Atlantic Yacht & Ship Inc. has the 2012 Riva SportRiva, Gabriela , for sale with an $850,000 asking price. The chic 56-foot flybridge cruiser has such a low-profile sportbridge guests might first think they’re looking at an express cruiser.

Twin MAN V8-900 diesels give Gabriela a 34-knot top hop and a 30-knot cruise speed. Yachting previously reported that, “With her 15-degree transom deadrise, she had a soft ride in the choppy Gulf Stream off Florida, and she took just a touch of trim tabs to run flat and fast.”

Outside entertainment spaces on board Gabriela include a foredeck sun pad, two lounge pads on the flybridge and a diner-style booth in the cockpit.

In the salon, guests will find seating to port with a settee and fixed table adjacent to the helm station.

Stairs to starboard lead down to the galley, which has a Miele dishwasher, a Bosch 4-burner electric cooktop and an Isotherm fridge with a separate freezer. Sleeping accommodations for six people in three staterooms reside belowdecks.

Some additional feature on board Gabriela include:

• Furuno chart plotter
• Garmin xsv gps
• Three MAN displays for engines and for yacht computer
• Raymarine ST60+ Tridata
• Furuno autopilot
• Williams Jet Tender

Take the next step: Contact Levi Beckman, 949-235-2084

• Length Overall: 56′
• Fuel Capacity: 602 Gal.
• Draft: 4’8″

Looking for something under $500K? No worries. Here are 10 Used Yachts You Can Have For Under $500,000.

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€1 Million Euros Yachts for Sale

Used €1 million euros yachts for sale, betelgueser.

35.96m | Custom | 2012

35.35m | Aos | 1993

LADY AUDREY

34.74m | Hatteras | 1994

32.91m | Viking sport cruisers | 2002

ENCHANTRESS

32.3m | Breaux baycraft | 1968

32m | Chantier de l'esterel | 1963

30.47m | Bodrum yachts | 2007

30.47m | Mangusta | 1995

30.47m | Azimut yachts | 1999

30m | Ferronavale | 1987

CUSTOM MADE MOTORSAILER

30m | Custom | 2005

GOLDEN EAGLE

29.87m | Broward | 1989

29.56m | Trans world | 2003

28.4m | Giant | 2007

28.04m | Hatteras | 1996

1998 HATTERAS 92

28.04m | Hatteras | 1998

27.51m | Admiral yachts | 1992

27.43m | Stephens | 1977

27.43m | Hatteras | 1999

27.43m | Tecnomar | 2007

27.29m | Chantier de l'esterel | 1966

27.28m | Oy nautor ab | 1991

L88 FRACTIONAL

27.27m | Ladenstein | 2025

27.2m | Tuzla istanbul turkey | 1998

27m | Leopard | 2007

26.98m | Arno leopard | 2006

26.88m | Arno | 2007

26.6m | Alalunga | 2008

26.48m | Canados | 2003

MIDNIGHT MADNESS

26.3m | Cerri cantieri navali | 2004

26.25m | Azimut yachts | 2005

26m | Benetti | 1974

1960 CUSTOM CRUISER

25.9m | Custom | 1960

25.29m | Technomar | 2007

24.99m | Jefferson | 2006

24.99m | Hatteras | 1998

24.99m | Sunseeker | 2003

24.99m | Leclercq | 2005

SUNSEEKER 82

24.99m | Sunseeker | 2007

24.99m | Sunseeker | 2005

24.99m | Sanlorenzo | 2000

2004 FERRETTI YACHTS 810

24.68m | Ferretti yachts | 2004

2000 FERRETTI YACHTS 80

24.53m | Ferretti yachts | 2000

24.4m | Trumpy | 1955

MALARPRINSESSAN

24.4m | Horizon | 2000

24.38m | Cheoy lee | 2005

24.38m | Azimut yachts | 2004

24.38m | Gianetti | 2003

M/V UNION JACK 80 HERITAGE TUG

24.38m | Custom built | 1941

24.38m | Azimut yachts | 2003

24.38m | Burger | 1988

AUGUST MOON

24m | Sunseeker | 2000

ARISTON FIVE

24m | Gianetti | 2005

24m | Maiora | 2002

FREE SPIRIT

23.92m | Azimut yachts | 2002

23.9m | Arno leopard | 2003

23.9m | Cd holmes | 1969

23.85m | Spertini alalunga | 2006

23.78m | Baia | 2008

23.77m | Custom built | 1988

23.46m | Custom | 2013

23.39m | Lazzara | 2009

OCEAN PHOENIX

23.31m | Pendennis | 1996

23.16m | Ferretti yachts | 2005

23.16m | Pershing | 2004

23.16m | Pershing | 2005

QUE SA-RAH SA-RAH

23.16m | Symbol | 1998

23.15m | Ferretti yachts | 2004

TRUE AUSTRIAN

23.02m | Dalla pieta | 2008

23m | De vries lentsch (dutch built) | 1958

THINKS IT'S HIS TOO

22.88m | Azimut yachts | 2008

TAKEN TIME II

22.85m | Hampton yachts | 2006

22.85m | Azimut yachts | 2009

22.85m | Viking | 2004

22.85m | Sunseeker | 2005

22.85m | Aicon | 2008

22.83m | Princess yachts | 2003

22.78m | Sanlorenzo | 2006

22.69m | Fairline | 2004

BODACIOUS VI

22.55m | Lazzara | 2006

22.27m | Sunseeker | 2009

22.25m | Henry hinckley | 1956

22.25m | Sunseeker | 2010

OCEAN TIGER

22m | Absolute | 2010

FERRETTI 72

22m | Ferretti yachts | 1996

72' MARLOW RAISED PILOTHOUSE MOTOR YACHT EXPLORER I

21.94m | Marlow | 2008

DAY DREAMER

21.94m | Sunseeker | 2009

ROOM SERVICE

21.94m | West bay | 2003

MEANT TO BE

21.94m | Azimut yachts | 2011

OCTOBER PRINCESS

21.94m | Viking sport cruisers | 2000

21.79m | Bertram | 2004

TROPIC OF CAPRICORN

21.7m | Nauta | 1992

21.7m | Sunseeker | 2013

21.69m | Sunseeker | 2016

1996 ADMIRAL MARINE 71

21.64m | Admiral marine works | 1996

21.6m | Sunseeker | 2008

21.5m | Fife | 1936

21.5m | Fashion by seven star | 2008

21.42m | Hatteras | 2004

THE FLYING WASP

21.33m | Johnson | 2006

EL SPLENDOR

21.33m | Gold coast custom yachts | 2014

AZIMUT 70 FLYBRIDGE

21.33m | Azimut yachts | 2012

21.33m | Marlow | 2003

21.3m | Permare | 2000

21.22m | Pershing | 2004

FERRETTI 681

21.21m | Ferretti yachts | 2008

21m | Sunseeker | 2011

DON'T STOP BELIEVIN'

20.92m | Viking | 2007

20.9m | Princess yachts | 2004

20.9m | Hatteras | 2006

SECOND THOUGHTS

20.72m | Sunseeker | 2004

PRETTY PENNY

20.72m | Hampton yachts | 2007

20.72m | Viking | 2008

20.72m | Hatteras | 2007

20.72m | Lazzara | 2006

20.46m | Toy marine | 2009

GABBY MILAN 2

20.42m | Bertram | 2003

20.42m | Bertram | 2004

COOL BREEZE

20.42m | Viking princess | 2006

20.16m | Apreamare | 2007

2014 AZIMUT 64 FLYBRIDGE

20.14m | Azimut yachts | 2014

20m | Bodrum yachts | 2015

19.92m | Sunseeker | 2011

2008 AZIMUT 62E

19.83m | Azimut yachts | 2008

19.81m | Uniesse | 2008

19.81m | Viking | 2000

19.81m | Sunseeker | 2016

19.81m | Viking | 2002

65 CONVERTIBLE

2007 hatteras 64 motor yacht.

19.81m | Hatteras | 2007

THE FINE EXPERIENCE

19.81m | Viking | 2001

RIVA 63' VERTIGO

19.57m | Riva | 2008

2004 MARQUIS 65

19.53m | Marquis | 2004

AZIMUT 64 FLYBRIDGE

19.53m | Azimut yachts | 2012

19.5m | Hatteras | 2007

19.5m | Hatteras | 2006

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Raising Bayesian superyacht ‘will take up to two months’

Raising the Bayesian superyacht from the seabed off Sicily would cost around €15 million and take six to eight weeks, one of the world’s leading maritime salvage experts has said.

Nick Sloane, the South African salvage engineer who led the operation to recover the Costa Concordia cruise ship after it capsized off Tuscany in 2012 with the loss of 32 lives, said around 40 highly-trained divers would be required.

Mike Lynch, his daughter Hannah , Jonathan Bloomer, the Morgan Stanley International bank chairman, and his wife Judy, Chris Morvillo, the Clifford Chance lawyer and his wife Neda and Recaldo Thomas, the yacht’s chef, died when the yacht sank at around 5am on Monday.

A large platform would have to be constructed and towed half a mile out to sea, above the spot where the vessel sank in an intense storm .

The luxury yacht’s aluminium mast – the tallest of its kind in the world when the boat was constructed – would need to be cut off and removed prior to the Bayesian being lifted to the surface.

The floating platform would support giant cranes, which would be able to raise the vessel from a depth of 165ft – but very slowly.

If the boat is pulled up too quickly, it could break up under the huge pressure of water inside it, Mr Sloane told La Repubblica newspaper.

“This is the most delicate part of the operation and needs to be done very, very slowly, because the Bayesian is full of water,” he said.

“The important thing is that when the yacht reaches the surface the sea must be calm. So they’ll have to carefully check the weather forecasts. The yacht should be recovered exactly as it is, in one piece, with the aim of maintaining it as intact as possible.”

“I would say it would cost up to €15 million but possibly you could do it for a bit less. The recovery operation would take six to eight weeks. It could be completed before the second half of October.”

Recovering the wreck could help investigators find evidence that could shed light on how it sank in a matter of minutes after being hit by a waterspout or tornado.

Although he was feted in Italy for his successful refloating of the Costa Concordia, the South African stressed that he has not been approached in an official capacity about raising the Bayesian .

Italy has more than enough expertise and technical capacity to carry out the operation, he said. But he has been discussing how the operation might unfold with Italian divers who were involved in the Costa Concordia recovery .

There are parallels between the two wrecks. Italian coast guard and fire service divers exploring the cramped confines of the Bayesian this week as they searched for bodies encountered “a miniature Concordia,” said Luca Cari, spokesman for the Italian fire service.

They could only stay under water for 12 minutes and had to negotiate a pitch-black world of tilted surfaces, floating debris and dislodged furniture , he said.

Italian authorities have so far said nothing officially about when, or even if, the Bayesian will be recovered from the seabed and brought to shore.

The Concordia operation took months of careful planning and dangerous underwater work, whereas bringing up the much smaller yacht would be a quicker operation, albeit still fraught with technical challenges.

The 114,500-tonne Concordia, about twice the size of the Titanic, was eventually towed to Genoa to be broken up for scrap two and a half years after it capsized. The effort to raise and salvage it was the largest operation of its kind ever attempted, and cost around €1.5 billion.

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Divers uncover the 6th missing body after luxury superyacht sank in freak storm off sicily. here's what we know about the incident..

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Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily (updated)

Mike Lynch, the investor and high-profile founder of U.K. tech firm Autonomy, has been declared missing at sea after the yacht he was on, the Bayesian, capsized in a storm off the coast of Sicily early Monday morning. Lynch's wife, Angela Bacares, is one of the 15 who have been rescued. The news is a dramatic, tragic development for one of the more colorful, and sometimes controversial, figures in technology out of the U.K.

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

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By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

Sinking of a super yacht adds to questions billionaire Mike Lynch wanted to put behind him

I t was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered ten of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the Northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to Hewlett-Packard for $11 billion. 

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and his wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s co-defendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian—an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs The Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, who he blames. "This is the mistake that cries out for vengeance," he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the UK’s High Court found that HPE had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the UK case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is, “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year old baby. One of Invoke’s most prominent bets was a 2013 seed stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy. 

Darktrace insists that the shortseller’s allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm, Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of August 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment and Darktrace declined comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch, his wife, Stephen Chamberlain and his wife, the attorney Chris Morvillo—who drowned on Bayesian—and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A 'virtually unsinkable' boat

The sailing party departed August 14—five days before the storm—and was comprised of 12 guests and 10 crew. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalu, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on August 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security  footage  appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado, called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’s 246-foot tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank. 

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her one-year old daughter Sophia, as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness, Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife Judy. The body of Lynch's 18-year-old daughter, Hannah, was pulled from the sea on Friday.

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The UK’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

More questions than answers

Even as loved ones and the survivors begin to come to terms with the human toll of the tragedy, the business world has begun assessing Lynch’s complicated past, and his many business dealings. 

Lynch was born of modest means to a nurse and firefighter in a suburb of London. From an early age he showed a proclivity towards technology and a fiery determination. He studied Natural Sciences at Cambridge, then returned for a PhD in artificial neural networks, the building blocks of artificial intelligence. When he was still studying for his PhD, he started his first venture, Cambridge Neurodynamics, monetizing computerized fingerprint recognition, eventually evolving into Autonomy. 

Founded in 1996 with David Tabizel and Richard Gaunt, Autonomy used an early version of artificial intelligence to quickly scan what’s known as “unstructured data,” especially including language. Autonomy quickly became a darling of the UK’s fledgling tech scene, and it was seen as a crowning achievement when, in 2011, the company struck an $11 billion deal to be purchased by HP, now HPE. The deal, however, was quickly engulfed in scandal when a year later the new owner alleged accounting fraud and wrote down its investment by $8.8 billion.

Despite the baggage around Autonomy, Lynch continued to ride high in the tech world through his venture firm, Invoke Capital, which he founded in 2012. One of its most profitable investments was Darktrace, which he backed in 2013 and joined as a board member. By 2016 he told TechCrunch 60 employees from Autonomy were working at Invoke, that he’d raised a billion dollars to invest in startups, and that Darktrace was worth $500 million.

While fighting the legal battle over Autonomy and building Invoke, Lynch enjoyed the trappings of a mogul. The same year he announced his billion-dollar startup fund, he was sailing the Bayesian, worth an estimated $25 million. He reportedly also owned a $6 million, 69-acre Georgian manor.

By early 2020 Darktrace shared deep connections with Autonomy, including half of Darktrace’s board and six of its eight top executives. The following year Darktrace went public, soaring 40% above its pre-market value. But the victory lap was brief. In September 2022, an acquisition talk between private equity firm Thoma Bravo and Darktrace fell through , sending share prices tumbling. In early 2023, the short-selling firm Quintessential Capital Management published a 70-page report accusing Darktrace of similar misconduct that had sunk Autonomy.

“We are deeply skeptical about the validity of Darktrace’s financial statements,” the report read. Darktrace’s shares plunged as much as 17% after the report was published, though the company said at the time that the management team and board had “rigorous controls in place.” Darktrace hired EY to perform an audit, which stabilized its share price after the accounting firm found the company's earlier financial results did not need to be restated. Darktrace never publicly released the report, however, with a spokesperson saying at the time that it contained “commercially sensitive information.”

More recently, Darktrace’s CEO Poppy Gustafsson wrote in the firm’s Q4 trading report of “shareholders voting overwhelmingly in favour” of the acquisition, and added the company is “awaiting the conclusion of the remaining regulatory processes.”

Until very recently, Darktrace had sought to distance itself from Lynch and his VC firm. In December, shareholders passed a resolution that rejected Invoke executive Patrick Jacob's reappointment to its board. This April, Invoke lost the right to that same board seat when it was discovered its shares had fallen below the required 10% threshold. Nonetheless, in a memorial to Lynch, Darktrace CEO Poppy Gustafsson wrote : “Without Mike, there would be no Darktrace. We owe him so much.”

While the Italian authorities continue to investigate the crash site, one thing is certain: the swirl of legal and business battles that surrounded Lynch during his lifetime are likely to continue after his death. A local Italian news site reports that the public prosecutor's office in a nearby town, Termini Imerese, is looking into allegations of manslaughter surrounding the sunken boat. And two months before Lynch died, former UK secretary of state David Davis reportedly said he was working with Lynch to scrap U.S./U.K extradition agreements that allowed Lynch’s trial to happen in the first place. 

On Wednesday, August 21, Davis told GB News he would continue that fight in memory of Lynch. “We need to get a grip of this,” said Davis. “Mike, when he’d won his case, almost the first thing he did was ring me up and say, ‘we’re going to have to defeat this treaty, we’re going to have to overcome this treaty and get it changed for the better.'"

“I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” Lynch said after the verdict.

Lynch’s desire to extend the legal fight even after his not-guilty verdict reflects the scrappiness he displayed throughout his life. This helped him ascend to the highest rungs of business and moguldom—but the success also came with a tenuous quality as questions about his business dealings dogged him for years. The not-guilty verdict and the pending Darktrace sale meant Lynch was in position to finally cast off that shadow. But now his ultimate legacy is poised to be tied forever to a mysterious and tragic hour on the Mediterranean Sea.

This story was originally featured on Fortune.com

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Luxury yacht sinks off Sicily: what questions must investigators answer?

One week after a luxury yacht sank off the coast of italy, the investigators seeking answers about the shipwreck face questions about extreme weather and possible human error or problems with the yacht itself..

• By: New York Times
• August 25, 2024 15:44 IST

Written by Alan Yuhas

More than 180 feet long, with a mast towering about 240 feet and a keel that could be lowered for greater stability, the Bayesian luxury yacht did not, in the eyes of its maker, have the vulnerabilities of a ship that would easily sink.

“It drives me insane,” Giovanni Costantino, CEO of the Italian Sea Group, which in 2022 bought the company that made the ship, said after its wreck last week . “Following all the proper procedures, that boat is unsinkable.”

Lynch had invited family, friends and part of his legal team on a cruise in the Mediterranean to celebrate his acquittal in June of fraud charges tied to the sale of his company to tech giant Hewlett-Packard.

Italian authorities have opened a manslaughter investigation, searching for answers from the survivors, the manufacturer and the wreck itself. They face a range of questions and possible factors.

An ‘earthquake’ in the sky?

When the Bayesian sank around 4 a.m. Monday, the waters in its area, about half a mile off the Sicilian port of Porticello, were transformed by an extremely sudden and violent storm, according to fishermen, a captain in the area and meteorologists.

But what kind of storm is still a mystery, compounded by the fact that a sailing schooner anchored nearby did not have its own disaster. Also unclear is whether the crew was aware that Italian authorities had issued general warnings about bad weather the night before.

Karsten Börner, the captain of the nearby passenger ship, said he’d had to steady his ship during “really violent” winds. During the storm, he said, the Bayesian seemed to disappear behind his ship.

Severe lightning and strong gusts were registered by the Italian air force’s Center for Aerospace Meteorology and Climatology, according to Attilio Di Diodato, its director. “It was very intense and brief in duration,” he said.

The yacht, he said, had most likely been hit by a fierce downburst — a blast of powerful wind surging down during a thunderstorm — or by a waterspout, a phenomenon similar to a tornado over water. His agency put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds.

Locals have said the winds “felt like an earthquake,” and a fisherman in Porticello told an Italian newspaper he had seen a waterspout shortly before 4 a.m., and a flare go off around 4:10. He ventured to the site once the weather had calmed about 20 minutes later, he said, finding only cushions and planks.

What if the hatches or doors were left open?

Costantino has argued that the Bayesian was an extremely safe vessel that could list even to 75 degrees without capsizing. His company, the Italian Sea Group, in 2022 bought the yacht’s manufacturer, Perini Navi, which launched the ship in 2008.

Costantino said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, would be to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

At a news conference Saturday, investigators said the yacht had sunk at an angle, with its stern — where the heavy engine was — having gone down first. The wreck was found lying on its right side at the bottom of a bay, about 165 feet deep.

Water pouring into open hatches or doors could have contributed to the sinking, experts say, but that on its own may not account for the speed at which such a large boat vanished underwater.

Asked about the hatches at the news conference, authorities declined to comment on whether they had been found open at the wreck.

Authorities have also not specified whether the boat had been anchored, whether it was under power at the time or whether its sails had been unfurled.

Could human error have possibly played a role?

Ambrogio Cartosio, the prosecutor in charge of the case, said at the news conference that it was “plausible” crimes had been committed, but that investigators had not zeroed in on any potential suspects.

“There could be responsibilities of the captain only,” he said. “There could be responsibilities of the whole crew. There could be responsibilities of the boat makers. Or there could be responsibilities of those who were in charge of surveilling the boat.”

It remains unclear what kind of emergency training or preparation took place before the disaster, or what kind of coordination there was during it. So far, none of the surviving crew members have made a public statement about what happened the night the ship sank.

Prosecutors said they want to ask more questions of the captain and crew, who have been in a Sicilian hotel with other survivors. They said that neither alcohol nor drug tests had been performed on crew members, and that they have been allowed to leave Italy.

Prosecutors also said they were also investigating why the captain, an experienced sailor, left the sinking boat while some passengers were still on board.

Besides possible manslaughter charges, authorities are investigating the possibility of a negligently caused shipwreck.

The bodies of five passengers were found in one cabin, on the left side of the yacht, authorities said. The five were most likely trying to flee to the higher side of the boat and were probably sleeping when the boat started to sink, they said.

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Des vacances en Méditerranée à 1,2 million d'euros la semaine : découvrez l'incroyable yacht Malia, véritable hôtel flottant de luxe

Le yacht de 80 mètres Malia est présenté comme un véritable hôtel flottant, proposant des vacances ultra-luxueuses en Méditerranée. Seuls les plus riches pourront y avoir accès.

Le superyacht Malia, près de 80 mètres de long, a été vendu en 2023 au prix de 120 millions de dollars. Si l’envie vous prend de passer des vacances à bord de ce luxueux bateau, il faudra débourser la "modique" somme de 1,2 million d’euros environ, pour une semaine de croisière sur la Côte d'Azur, selon la chaîne  CNBC Travel , repéré par le média belge Blick .

Pour ce prix, Malia emmène ses hôtes dans de superbes visites de la Méditerranée, de Monaco à la Riviera italienne, en passant par la Sardaigne et les îles de la Maddalena, avec des escales dans des villes françaises emblématiques comme Saint-Tropez.

Quels clients ?

Le yacht peut accueillir jusqu’à douze invités dans huit chambres, dont une suite parentale, toutes dotées d’une salle de bains luxueuse. Les clients sont généralement des Nord-Américains, des Européens et des personnes originaires du Moyen-Orient.

"Hôtel flottant"

"Les chambres sont comparables à des chambres d’hôtel. On n’a pas l’impression d’être sur un yacht , a déclaré Sacha Williams, directeur du marketing mondial chez Northrop & Johnson, le courtier de Malia. C’est comme si vous étiez dans un hôtel flottant" , cite CNBC Travel.

Malia dispose aussi d’une salle de sport et d’un spa, ce dernier comprenant une salle de massage, un sauna et un hammam turc. Sur le pont principal, une piscine à débordement. Un jacuzzi à fond de verre et un théâtre en plein air complètent le tableau.

Pour des vacances en famille

Une partie du prix de l’affrètement sert à payer les 21 membres de l’équipage, qui comprend un capitaine, des équipes d’ingénierie et d’accueil, et plusieurs chefs cuisiniers. Certains d’entre eux ne seront jamais vus par les clients, chargés d’assurer leur sécurité, souligne la chaîne.

De nombreux clients affrètent le yacht pour des vacances en famille. "Ils peuvent fêter un anniversaire, un anniversaire de mariage ou simplement une réunion de famille. Sur un yacht de la taille de Malia, vous pouvez accueillir les grands-parents, les parents et les enfants" , assure Sacha Williams, directeur marketing de la société qui loue le luxueux yacht, cité sur CNBC Travel.

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S'ils sont riches, grand bien leur fasse. Après tout, les millions versé pour la construction de ce bateau ont permis de nourrir des centaines de familles pendant des mois.

Bah, ils me feront une petite réduction si je reste 3 semaines, non ?

c'est pour ça qu'il faut garder des travailleurs misérables sur la planète. vous imaginez le prix d'une nuit au Carlton avec des employés à 1600 EUR. Dubai ne serait pas Dubai s'il avait fallu payer les ouvriers pakistanais.

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Who is Mike Lynch? A look at the British tech tycoon missing from a sunken yacht in Sicily

He's been called the british version of microsoft co-founder bill gates or apple co-founder steve jobs, by michael liedtke | the associated press • published august 20, 2024 • updated on august 20, 2024 at 1:08 pm.

Tech tycoon Mike Lynch, one of six people missing from a sunken yacht off Sicily , had been trying to move past a Silicon Valley debacle that had tarnished his legacy as an icon of British ingenuity.

Lynch, 59, struck gold when he sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011. But the deal quickly turned into an albatross for him after he was accused of cooking the books to make the sale and fired by HP’s then-CEO Meg Whitman.

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He was cleared of criminal charges in the U.S. in June, but still faced a potentially huge bill stemming from a civil case in London.

A decade-long legal battle had resulted in his extradition from the U.K. to face criminal charges of engineering a massive fraud against HP, a company that helped shape Silicon Valley's zeitgeist after starting in a Palo Alto, California, garage in 1939.

Lynch steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling — a position he maintained while testifying before a jury during a 2 1/2 month trial in San Francisco earlier this year. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The trial ended up vindicating Lynch and he pledged to return to the U.K. and explore new ways to innovate.

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Although he avoided a possible prison sentence, Lynch still faced the civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

Before becoming entangled with HP, Lynch was widely hailed as a visionary who inspired descriptions casting him as the British version of Microsoft co-founder Bill Gates and Apple co-founder Steve Jobs.

Lynch, a Cambridge-educated mathematician, made his mark running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

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In the months leading up to the deal that would go awry, HP valued Autonomy at $46 billion, according to evidence presented at Lynch's trial.

The trial also presented contrasting portraits of Lynch. Prosecutors painted him as an iron-fisted boss obsessed with hitting revenue targets, even if it meant resorting to duplicity. But his lawyers cast him as entrepreneur with integrity and a prototypical tech nerd who enjoyed eating cold pizza late at night while pondering new ways to innovate.

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