Jho Low's Yacht Goes on Sale for $130 Million After Auction Flop

The luxury yacht once owned by fugitive financier Low Taek Jho is being put on sale for a minimum price of $130 million, a discount to the $250 million that Low allegedly paid for it in 2014.

Malaysia set the floor price as a guide for would-be buyers, after no “acceptable” bids were received at an earlier auction that closed on Nov. 28, The Star newspaper reported, citing S. Sitpah, the lawyer representing the government in the sale. The price was set following an appraisal by U.K.-based surveyor Winterbothams Ltd.