After selling his Manhattan penthouse to a 22-year-old Russian heiress for $88 million, former Citigroup chief Sandy Weill is trying to offload his yacht as well. The 200-foot super yacht April Fool, which Weill rarely used in the five years since he bought it new, is being offered for a mere $69.5 million, the Wall Street Journal reports. People in the super yacht trade, however, say Weill is likely to find his boat harder to sell than his Manhattan pad.
"The market’s tough,” says the chief executive of the yacht broker that is trying to find a buyer. “There just aren’t a lot of people around who are looking to spend money on large super yachts. There are plenty of people looking for a bargain, but not a lot of people willing to pay full price." Weill plans to give his penthouse money to charity, and he recently bought an estate and vineyard in California for $31 million, so it looks like he can afford to wait a while for the right buyer. (More Citigroup stories.)
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