Tiger Woods’ ‘Privacy’ on sale for $25mMarch 31st, 2011 - 11:40 am ICT by ANI
New York, March 31 (ANI): If reports are to be believed then Tiger Woods’ 155-foot mega yacht ‘Privacy’ is on sale for 25 million dollars.
The golfer reportedly paid 20 million dollars for the yacht as a wedding present to his ex-wife Elin Nordegren in 2004, but the Swedish model gave it back to the golfer during the divorce settlement last year because she did not want to pay for the upkeep, which is estimated at more than 2 million dollars a year, reported The Palm Beach Post.
“Privacy” is currently docked at North Palm Beach, and local mega-yacht builder John Staluppi believes Woods’ asking price is too high.
“The market on big yachts has gone down,” the New York Post quoted Staluppi as saying.
“Banks aren’t financing and the economy is off. It’s a buyer’s market.
“Unless he sells to someone who wants to brag that he’s got Tiger’s yacht, he’ll get about 20 million dollars,” Staluppi added. (ANI)
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Tags: 20 million dollars, 25m, asking price, banks, divorce settlement, elin nordegren, john staluppi, mega yacht, new york post, north palm beach, palm beach, palm beach post, s market, swedish model, tiger, tiger woods, upkeep, yacht builder, yacht privacy, yachts