How To Dispose of a Million Dollar Yacht

In an attempt to flash his money around and makes feel even worse, an Arab sheik bought a yacht and had it destroyed. The ship worth about one million dollars on the reef of the Bahamas islands was destroyed with the help of an excavator. Naturally, the remains were taken to a landfill and the million disappeared as fast as it was made. Here are some shots from the wrecking process.

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This entry was posted on Friday, August 22nd, 2008 at 2:52 pm and is filed under Offbeat. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted by How To Dispose of a Million Dollar Yacht | August 22nd, 2008 3:06 pm

[...] Original post by unknown [...]



Posted by James | August 22nd, 2008 7:10 pm

What an idiot!



Posted by lotu | August 22nd, 2008 7:22 pm

It would have been better to stack the money up, put on some makeup and then set it on fire.



Posted by Tricky_Buddha | August 22nd, 2008 7:57 pm

Douch.



Posted by cryptnotic | August 22nd, 2008 10:00 pm

Far more likely scenario: Yacht is accidentally beached. Yacht expert discovers that the yacht is damaged beyond repair (e.g., damaged hull frame). Local government wants beached yacht off of their beautiful beach, so they hire some excavators to remove it.



Posted by dixipix | August 23rd, 2008 4:04 am

Oh, no!
http://blogozin.com



Posted by How to Dispose of A Million Dollar Yacht | Unbelievable Pictures, Funny Pictures, and Videos - pagog! | August 23rd, 2008 4:17 am

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Posted by deg | August 23rd, 2008 11:50 am

that piece of shit cost $1,000,000 ?



Posted by tat2d | August 29th, 2008 1:15 pm

Sorry, but I think you need to check your source of information.
That is not a yacht.
It is a cruiser.
It is not a million dollar boat, or yacht.
Cryptonic is probably right, it was beached and destroyed the hull and or the drive units.
You can see it is clearly mired in the sand and probably been there a while.
It was probably a write off by insurance company.
I dont mean to be too critical of your story but I live on a 63 foot boat that I own and it didnt cost a million dollars. I live on the water and this story didnt wash ashore with me. Cool pics though and too bad for the owner. Who knows what the real story is on this. Stolen, drug bust, storm. I also dont think a Arab sheik would be caught dead in that cruiser.



Posted by Seth | September 1st, 2008 9:05 am

That boat is probably a 44 foot cabin cruiser, maybe Sea Ray or something. Cost maybe $500k new, $240k now. I have one Ill sell for a million though. Then you can say you own a million dollar boat : D



Posted by meneame.net | September 7th, 2008 9:56 am

Proceso de (des)montaje de un Yate…

Un yate de un millón de dólares encallado en una playa paradisíaca de las Bahamas. Para que luego digan que los ricos no comparten….



Posted by a | October 11th, 2008 1:57 am

I guess the mafia didn’t get their money.



Posted by MtnMan | January 26th, 2010 9:00 pm

I highly doubt that is a million dollar yacht.



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