A planned $60 million luxury superyacht is going on sale
unfinished and at a fraction of its estimated cost after it
was caught in a devastating blaze while under construction at
an Auckland shipyard .
The 50m luxury vessel Star Fish remains a work-in-progress at
the McMullen and Wing shipyard in Mt Wellington after
construction was halted by a midnight fire three months ago.
Yesterday the owner revealed he wanted to sell the unfinished
superyacht, which is currently valued at US$14 million ($17
The yacht was 75 per cent complete when it was damaged in the
fire, thought to have started accidentally in paint inside
It is now being sold for "a fraction" of its current value
and, with a new superstructure and interior, it could be
launched within 18 months.
"The fire destroyed the parts of the yacht's interior that
had already been installed, particularly the nearly completed
crew quarter," yacht owner Richard Beattie said.
"But it left the aft portions of the yacht virtually
untouched. After the fire, the engine room machinery was
still cloaked in its protective plastic."
Mr Beattie, the chairman of Aquos Yachts and owner of the
McMullen and Wing-built US$29 million Big Fish vessel, said
it was a "painful and heart-wrenching" decision to sell the
Star Fish for financial reasons.
According to the Charterworld.com website, the Star Fish was
to have a salon, dining room and galley, six staterooms,
accommodation for nine crew, floor-to-ceiling windows, an
atrium stairwell, granite decks and space to carry a
submarine or a seaplane.
McMullen and Wing are now enlisting designers to submit
concepts for scaled-down versions of the yacht for new owners
McMullen and Wing commercial manager Michael Eaglen said the
shipyard was eager to see the yacht bought.
Since the blaze, the reputed Auckland yacht construction
company had cut its staff from 100 to 40 due to the drop in
"It's incredibly hard times," Mr Eaglen said.
"[But] we are still in business and we're fortunate that we
didn't suffer a lot of physical damage to our infrastructure
as a result of the fire, which was very lucky."
Brokers have started marketing the unfinished yacht to
potential buyers and it is hoped a sale comes soon.
"There is absolutely ... a huge determination from all of us
on the management team and most specifically the owners to
keep McMullen and Wing, as a brand and as an iconic New
Zealand yacht builder, in business," Mr Eaglen said.
"We've been around since 1969 and we're doing everything we
can to make sure [McMullen and Wing] is around in the