Real Estate Mogul Nick Candy Is Selling His $71 Million Yacht
After owning the award-winning 63-meter boat 11.11 for five years, the developer is moving on to bigger things.
The yacht was completed in 2015.
Source: Y.CO
In September 2014, standing in the Hong Kong airport, Nick Candy, co-founder of the design firm Candy & Candy Ltd., signed a contract for a 63-meter (206-foot) Benetti superyacht. Its original buyers, a pair the London-based real estate developer describes as “two Russian brothers,” had backed out.
If Candy stepped in, he’d get not only a discount but a completed ship by the end of August the next year. “I said to my wife, ‘Let’s do it,’ ” Candy says. “I can have a boat in one year’s time rather than four.” In an interview, Candy declines to say how much he paid for it, but a 2016 Bloomberg slideshow of the boat estimates its finished cost at $73 million.