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Paul Allen’s Superyacht Finds Buyer After $278 Million Listing

The late Microsoft co-founder’s 414-foot superyacht “Octopus” was sold in a red-hot market for the world’s largest luxury boats.

The superyacht “Octopus,” formely owned by the late Paul Allen. — The superyacht “Octopus,” formely owned by the late Paul Allen.
Photographer: Jason Alden/Bloomberg

By

Benjamin Stupples and

Devon Pendleton

August 5, 2021, 3:37 PM UTCUpdated onAugust 5, 2021, 8:22 PM UTC

The late Microsoft Corp. co-founder Paul Allen’s 414-foot superyacht “Octopus,” last offered for 235 million euros ($278 million), has been sold to an undisclosed buyer.

The sale comes amid a record-hot market for the world’s largest luxury boats. A surge in personal wealth due to buoyant markets and a newfound interest in private, socially distanced leisure among the ultra-rich are driving unprecedented numbers of sales of both new and used superyachts.