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Crazy Eric Schmidt, His Yacht Prices Are Insaaane!
theodp writes "After languishing on the market, the price of Google Executive Chairman Eric Schmidt's Lone Ranger expedition yacht was cut from $20,000,000 to a mere $14,000,000 (sales brochure). Still no takers for the vessel, so the former pride of the Schmidt Ocean Institute — which can travel an amazing 31,000 miles at 12 knots thanks to a fuel capacity of 1.3 million liters — will be auctioned "as is" on April 20th at the Antibes Yacht Show, with bid estimates ranging from EUR 3 million to EUR 10 million (auction brochure). 'Lone Ranger and her truly astonishing story will appeal to a new generation of luxury yacht owner,' the sales brochure notes. 'The yacht epitomizes low key luxury, but most importantly offers the ideal platform for anyone wanting to explore the farthest flung corners of the world with their family.' And you can buy it just in time for Earth Day gift giving!"
The day you buy it and the day you sell it.
Boeing does the same thing – It sells all of its aircraft while flying in international waters – that way customers don’t have to pay sales tax. (Not exactly the same thing as registration fees, but in the same area.)
If it flies, floats, or fornicates; rent it.
I'm sorry, but your opinion seems to be wrong.
I don't think Boing sells their aircraft flying in international waters, over internal waters or in international airspace maybe.
There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
$20,000,000 to a mere $14,000,000
presumably that's USD. Also all digits and no words (as in 14,000,000 rather than 14 million)
with bid estimates ranging from EUR 3 million to EUR 10 million
and not knowing the exchange rate off the top of my head, I couldn't tell you how far off $14M USD is from 10M EUR. And the numbers are the opposite of above, spelling out 'million' rather than using digits.
And then there's this gem:
which can travel an amazing 31,000 miles at 12 knots thanks to a fuel capacity of 1.3 million liters
so, distance is in miles (imperial), speed is knots (nautical miles rather than miles) and then capacity is liters (metric)
Pick a style, pick a system, and STICK WITH IT.
William of Ockham had no beard. The most likely explanation is that it was chewed off by squirrels every morning.
Are you saying that when a Boeing aircraft is actually sold, the buyers and the sales team get onboard, they take off, fly out over the nearest ocean, and sign the bill of sale while IN FLIGHT? That's crazy amusing.
That is absolutely correct, at least for USA based airline customers. The actual transfer of ownership occurs inflight in international airspace and as an added bonus the first point of landing is in Oregon to avoid state sales taxes---or at least it was a few years ago when I was aboard one such flight.
(I am a commercial airline pilot for a major US airline and thus the AC.)