1 million dollar yachts

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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The 50 most expensive yachts for sale now

How much does a superyacht cost? The answer is not so simple. Much like a luxury watch or car, the asking price depends on a variety of factors such as age, pedigree and finish, with the largest and newest vessels peaking into the hundreds of millions. To give you a better idea, BOAT International rounds up the 50 most expensive yachts currently listed for sale, starting with the 105.3-metre H3 ...

Builder : Oceanco Length : 105.3m Designers : Reymond Langton Design , Lateral Naval Architects

The most expensive superyacht for sale is H3 . What began as a refit project escalated into a three-year rebuild that completely transformed the 95-metre Indian Empress. Twenty two years after her initial delivery, she was relaunched as the 105.3-metre H3, with virtually nothing left from her original design except the hull (which had also been extended a further 10 metres). This "rebirth" won her international acclaim and a World Superyacht Award . Her amenities are too numerous to mention but some standouts include a large pool with a waterfall feature, a huge spa and wellness area with a hairdresser and nail salon, a gymnasium and a climate-controlled winter garden in the owner's suite.

More about this yacht

Builder : Lürssen Length : 91m Designers : Reymond Langton Design

Lady Lara joined the market in September 2023, marking the first time she had been available for sale since her delivery in 2015. She boasts a range of entertainment amenities, including two swimming pools – the largest of which can be transformed into a dancefloor – and a custom surround sound set-up. The second pool is found on the sundeck with a swim-up bar, with a large daybed and sunlounger also on this level. Accommodation is for a total of 16 guests across eight cabins and the master suite is positioned on a dedicated owner's deck. It includes a private exterior terrace accessible from the cabin, a library, his and hers bathrooms and dressing rooms.

Yachts for sale

Here comes the sun.

Builder : Amels Length : 89m Designers : Tim Heywood , Azure Yacht Design and Naval Architecture , Winch Design

Here Comes the Sun was delivered in 2017 as the flagship of the Amels fleet, a title that she has held for the past six years. She was commissioned by a repeat client with a penchant for The Beatles and has an exterior and interior from the boards of design royalty: Tim Heywood and Andrew Winch . Her outdoor spaces are certain to impress, housing a two-metre-deep swimming pool with contraflow jets and a beach club and bar that leads into a wellness centre with its own sauna, massage room and beauty salon. A full rebuild in 2021 won her a Neptune at the World Superyacht Awards .

Builder : Oceanco Length : 90m Designers : Luiz De Basto , Azure Yacht Design and Naval Architecture , Nuvolari Lenard

DAR was delivered in 2018 and won Motor Yacht of the Year "by a good margin" at the World Superyacht Awards the following year. Standout features include an owner's deck – complete with private saloon and Jacuzzi – as well as a wellness area, with Hammam, sauna and massage and beauty room. The upper deck sports a fresh water pool with counter current and the yacht also has a gymnasium with floor-to-ceiling windows. A six-person elevator serves all guest decks, with an owner's party of up to 14.

Yachts for charter

Builder : Lürssen Length : 114.5m Designers : Tim Heywood , Terence Disdale

Pelorus was delivered in 2003 as the 11th largest superyacht in the world and easily the largest yacht to be built by Lürssen at the time. She was commissioned by a Saudi businessman who enjoyed a single cruise aboard his new vessel before a new buyer made an offer too good to refuse. Exterior designer Tim Heywood stocked the yacht with a top deck lido featuring two swimming pools, two helicopter pads and a vast sea-level platform that is revealed by opening the transom. The immense task of designing the interior was carried out by Terence Disdale, who opted to use natural materials wherever possible to maintain a "casual" atmosphere to offset the yacht’s imposing frame. Pelorus can welcome 18 guests with room for an additional 46 crew members.

Builder : Feadship Length : 83.5m Designers : Feadship De Voogt Naval Architects , Cristina Gherardi Design

Savannah 's boundary-pushing design landed her the Motor Yacht of the Year Award at the World Superyacht Awards in 2016. She was the first superyacht to receive a completely metallic paint job and was equipped with a first-of-its-kind hybrid power plant, making Savannah one of the first truly "eco-conscious" members of the international fleet – though she's more popularly known for her Nemo Lounge. Another first, the lounge is designed with a semi-submerged sheet of glazing that provides an incredible view beneath the waterline. The glass wall is also fitted with a drop-down screen for impromptu cinema nights. 

Builder : Benetti Length : 107.6m Designers : Reymond Langton Design , Giorgio M. Cassetta , Zaniz

With rotating seating areas, an interactive, 18-metre-high forest wall and 800 square metres of windows, Luminosity set a new standard for yacht design when she was delivered in 2022. Accommodation is across an impressive 11 cabins, not including the dedicated owner's deck with its own helicopter pad.  Meanwhile, her counter-flow swimming pool is the exterior centrepiece, kitted out with underwater speakers, an adjustable bottom and a custom chandelier inspired by a diamond. An accompanying four-degree plunge pool is decorated with on-theme visual cues such as mirror-backed acrylic "ice-cubes".

Builder : Lürssen Length : 74m Designers : Winch Design

Constructed to Lloyd’s classification, Aurora ' s key figures include an impressive volume of 2,113GT (split across four decks) and a beam of 13.2 metres, while a crew of 22 waits on an owner’s every need. 1920s Art Deco-inspired interiors house up to 16 guests in eight stately cabins. Among these is the private owner’s suite which features wraparound views and access to a private lounge foredeck. She also features an intimate top deck observation lounge with a daybed and a lounge with three bar stools forward, while a gym and Jacuzzi are found aft.

Builder : Lürssen Length : 90m Designers : Winch Design

Phoenix 2  takes a page (or two) from Art Deco styling with her cherry velvet flooring and gilded details. The owner commissioned Winch Design to create her intricate cityscape-inspired design concept, including a 5.7-metre phoenix figurehead modelled after the Chrysler building's mounted eagles. Roaring highlights include a sommelier room, multiple swimming pools, a plush cinema room and a custom Steinway for some musical accompaniment at mealtimes. Accommodation is for up to 14 guests in seven cabins, including a full-beam owner's cabin accessible via a glass spiral staircase.

Builder : AKYACHT Length : 85m Designers : Michael Leach Design , Marco Yachts , H2 Yacht Design

After beginning life as a 77-metre explorer 14 years ago, the completion of Victorious was long-awaited. Key features include an indoor pool in the beach club, cocktail lounge, observation saloon and a wine and cigar “clubroom” which features its own fireplace. Accommodation is for 24 guests in 12 cabins, with further quarters for a crew of 22. The owner's suite is located up on the bridge deck and benefits from direct access to the Jacuzzi and sunpads aft. On the foredeck is a "touch-and-go" helipad that can also be used as an entertainment space.

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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′
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All about the $40m bayesian yacht that capsized, leaving 6 dead and 1 still missing.

The massive superyacht Bayesian that sank off the coast of Italy on Monday won numerous awards for its sleek interior design — and was sold to its original owner for nearly $40 million.

The luxury sailing ship was carrying 22 people when it capsized and sank during a fierce storm early Monday.

The bodies of five of six missing passengers, including British tech tycoon Mike Lynch , 69, have been recovered. His daughter, 18-year-old Hannah, is the only one of six known killed in the tragedy yet to be found, a source close to the rescue operation told Reuters.

The ship’s chef, Recaldo Thomas, has also been confirmed dead.

Divers continued searching the wreckage of the 184-foot-long, British-flagged vessel, previously called Salute, on Wednesday after discovering four of the bodies.

When it was built in 2008, the Bayesian had the tallest aluminum mast in the world, standing at 237 feet, earning it the award for best exterior styling at the World Superyacht Awards in 2009, the Telegraph reported.

The sprawling superyacht’s interior, decorated with sleek, minimalist furnishings created by Remi Tessier, has also won numerous awards.

The ship, which accommodated 12 guests, had a master bedroom and three double and two twin bedrooms.

It also featured beige sofas, dark wood furnishings, and a teak deck equipped with a large canvas awning to keep guests cool, according to the outlet.

Some of the ship’s styling, including thin brown pillars and miniature terra cotta sculptures, was inspired by Japanese culture.

What to know after a tornado sank the yacht Bayesian off the coast of Sicily:

• A superyacht capsized off the coast of Sicily after a tornado hit the area early Monday, killing seven passengers.
• British tech tycoon Mike Lynch was identified as one of the bodies pulled from the wreckage. His teenage daughter, Hannah, was the final one to be recovered.
• Lynch — known as “Britain’s Bill Gates” — had invited guests from Clifford Chance, a legal firm that represented him, and Invoke Capital, his own company, on the voyage,  according to the Telegraph . 
• Security camera footage shot from 650 feet from where the  Bayesian sank Monday  shows it disappearing.
• A rare and unexpected “black swan” weather event may have led to the  Bayesian’s speedy demise , maritime experts say.

The extravagant ship won best interior at the International Superyacht Society Awards in 2008 and was also voted one of the best large sailing yachts at the 2009 World Superyacht Awards, according to the outlet.

The yacht’s original owner, John Groenewoud, a Dutch real estate developer, reportedly bought the ship for £30 million ($39 million) when it was built. In 2014, he sold the ship with an asking price of £27 million ($35 million).

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The Bayesian is currently owned by Revtom, a company that listed Lynch’s wife, Angela Bacares, as its legal owner.

It was named after the Bayesian statistical model that helps financial investors calculate risk — the subject of Lynch’s PhD that later helped him build his empire.

The vessel, operated by yachting company Camper & Nicholsons, had twin 965hp MTU engines, which gave it a range of 3,600 nautical miles at 13 to 15 knots (14 to 17 mph).

RSB Rigging carried out rig service works on the ship with Astilleros de Mallorca, a shipyard facility in Palma, in November 2016.

The Bayesian returned in September 2020 for scheduled service works, including having its mast removed and reinstalled.

Steve Branagh, managing director of RSB Rigging, told the Telegraph: “At this time, our deepest sympathies go out to the friends and families of all those affected by this dreadful tragedy.”

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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

Watch CBS News

Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster

By Aimee Picchi

Edited By Anne Marie Lee

Updated on: August 21, 2024 / 12:05 PM EDT / CBS News

Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges . 

On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News. 

Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people. 

But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied. 

The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts.

"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 in a statement after the verdict.

Here's what to know about Lynch. 

What company did Mike Lynch start?

Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian.

From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.")

The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents.

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.

Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K. 

"I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper. 

What happened after Autonomy's acquisition by HP?

At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman.

HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged. 

Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong."

What happened with Mike Lynch's legal case?

Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. 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 jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate. 

Who is Mike Lynch's wife? 

Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC. 

Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July.

"We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month.

— With reporting by the Associated Press.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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Mike Lynch's yacht was state-of-the-art and shouldn't have sunk so easily, search-and-rescue expert says

• The tech tycoon Mike Lynch died in a yacht sinking near Palermo, Italy.
• An investigation is underway, with experts questioning how the state-of-the-art yacht sank.
• One expert said the $40 million yacht should have been "unsinkable."

A search-and-rescue expert said the superyacht disaster that killed Mike Lynch was difficult to comprehend — because the vessel never should have sunk.

Lynch, a British tech tycoon, was celebrating his fraud acquittal with friends and family when the 183-foot ship sank during stormy weather near Palermo, Italy.

Of the 22 people on board, six people, including Lynch, have been confirmed dead.

Fifteen people, including Lynch's wife, were rescued. Lynch's 18-year-old daughter remained unaccounted for as of Thursday afternoon local time.

An investigation into the cause of the tragedy is underway.

'Unsinkable'

Matthew Schanck is a maritime search-and-rescue consultant with 14 years of experience. He told Business Insider that his reaction to the sinking was "disbelief."

When the news of the sinking broke, Schanck said he envisioned a far smaller ship — "some sort of 40-foot yacht with a couple on board."

"That wouldn't have been as unusual or extraordinary," he said.

"It was really shocking," he added. "But what's more shocking is the fact that it's a modern, state-of-the-art superyacht, which would have been commercially certified and regulated by the Maritime Coastguard Agency."

Schanck previously told BI there was no indication that the ship breached "any international maritime construction or safety standards."

Related stories

The superyacht was worth $40 million, The New York Times reported .

Giovanni Costantino is the CEO of the Italian Sea Group, which built the yacht. Speaking with Sky News, Costantino said the sinking sounded "like an unbelievable story, both technically and as a fact."

"Sailing ships, it is well known, are the safest in the most absolute sense," he said. They tend, he said, to be "unsinkable."

Though the cause of the sinking has not been established, authorities confirmed a strong storm had been in the area.

Witnesses told BBC News they saw a waterspout — an uncommon tornadolike column of wind and water — before the ship went down.

"This tends to have been the accepted theory, that the vessel was hit by a waterspout and the crew didn't see it coming because it was nighttime and dark," Schanck said.

He said that while this scenario made sense, it's not clear how witnesses would have noticed a waterspout if the crew didn't.

Speaking with the Times, Costantino said the ship had the second-tallest aluminum mast in the world, which made it safe and secure.

However, he said that if any of the doors had been open during the storm, it could have taken on water more easily.

Correction: August 22, 2024 — An earlier version of this story misspelled the surname of the search-and-rescue consultant. It's Schanck, not Schank.

• Main content

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

It was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered 10 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 HP 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 Lynch’s wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s codefendant 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, whom 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 U.K.’s High Court found that the company, which by then had changed its name to Hewlett Packard Enterprise (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 U.K. 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 short-sellers’ 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 Aug. 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 to 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 and his wife; Stephen Chamberlain and his wife; the attorney Chris Morvillo—who drowned on the 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 Aug. 14—five days before the storm—and comprised 12 guests and 10 crew members. 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 Cefalù, 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 Aug. 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 also 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 1-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 U.K.’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 toward 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 U.K.’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 that 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 non-executive director 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, 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 U.K. 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, Aug. 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.

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