Bernie Madoff's Yacht Can Be Yours For Only $5.5 Million

Those in the market for a superyacht with historic significance need look no further.  Bernard Madoff's superyacht, aptly named 'Bull', is back on the market and can be had for $5.5 million - less than the notorious fraudster himself paid.  The 88-foot Arno Leopard, which was built to Madoff's exact specifications, is being sold by an international yacht broker acting for the liquidator for Madoff Securities International, Ltd., which was the title of Madoff's London operations.  Madoff had purchased the yacht in April 2007 for approximately $6 million after negotiating a $1 million discount for, ironically, paying in cash for the yacht.  The yacht is currently being stored in Gibraltar, after having been moved from France due to a legal dispute between liquidators and a French creditor.  

Perhaps owing to the short period of time in which Madoff had possession of the yacht before his scheme imploded, a key selling point lies in the fact that the yacht has barely been used.  With less than 500 engine hours, the yacht is being marketed as the best of its kind available.  Additionally, with two engines each producing over 2000 horsepower, the yacht is also hailed as "one of the fastest 27M motor yachts ever built."

As for accommodations, the yacht boasts three "sumptuous" cabins, including an owner's stateroom, a VIP cabin, and a guest cabin, as well as quarters for three crew members.  According to the yacht broker, the yacht is in "as new" condition, due to Madoff's strict prohibition on guests bringing any food aboard, as well as a penchant for "ordering carpet over carpet."  Additionally, the owner's stateroom features towels and bedsheets embroidered with Madoff and his wife, Ruth's initials. 

The yacht has been on the market for several years after several potential sales fell through - most recently a contingent of Russian buyers that pulled out of the transaction.

A link to the listing is here.