Updated
Updated · CNN · May 9Christina O goes on sale after price cut to 52 million euros
10 articles · Updated · CNN · May 9
- Broker Tim Morley said in Nafplion the yacht was reduced from 90 million euros as owner Susan Fitzpatrick seeks a quicker sale.
- Brokers say wars in Eastern Europe and the Middle East, plus a weak European economy, have cooled demand and pushed the resale market toward buyers.
- The 325-foot vessel, rebuilt from a wartime Canadian frigate and now classed as a passenger ship, still charters for about 700,000 euros a week.
With its price slashed, can the iconic Christina O find a buyer before becoming a 'problem yacht'? What does this classic party yacht's tough sale reveal about today's new billionaires?