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Yahoo
11 hours ago
- Business
- Yahoo
Mike Lynch's Sailing Yacht Has Been Recovered One Year After It Sank
Mike Lynch's ill-fated sailing yacht is finally out of the water. The 184-foot Bayesian—which capsized off the coast of Sicily last August, killing the British tech mogul and six others—was pulled from the ocean on Saturday, according to the Associated Press. Salvage recovery crews in Italy slowly raised the sloop from the seabed over three days using one of Europe's most powerful floating sea cranes. The yacht was transported from the fishing village of Porticello to the town of Termini Imerese on Sunday, according to The Guardian. It will be stored in a specially manufactured steel cradle so that British and Italian investigators can examine it as part of an inquiry into the cause of the sinking. More from Robb Report Paris Hilton Just Snagged Mark Wahlberg's Former L.A. Megamansion for $63 Million This Ultra-Rare Mercedes-Benz SLR "McLaren Edition" Can Be Yours for $700,000 A London Mansion With Ties to Charles Dickens Just Listed for $25 Million Delivered by Perini Navi in 2008, Bayesian was originally sold to Dutch property developer John Groenewoud in 2008, before Lynch's wife, Angela Bacares, purchased it through her company in 2014. Lynch and Bacares took their 18-year-old daughter and a group of friends to Sicily on the yacht last August. It is believed they were celebrating Lynch's recent acquittal: He had just been cleared of fraud charges relating to the purchase of his company Autonomy by Hewlett-Packard in 2011. That celebration ended in tragedy. Bayesian was struck by a severe thunderstorm on August 19. The yacht, which was anchored just offshore near the port of Porticello, was hit by violent 80 mph winds that caused it to flood within seconds, according to the UK's Marine Accident Investigation Branch (MAIB). A total of 22 people were on board; Lynch, his daughter, and five others died. Chairman of Morgan Stanley International Jonathan Bloomer and attorney Chris Morvillo were among those killed when the vessel sank, with a search and rescue mission later recovering the bodies of the seven people. Fifteen others—including nine crew members and six guests—scrambled into a life raft as the yacht began to capsize. Bacares was among those who were rescued. Investigators are hoping that the salvaged yacht will help them determine the cause of the sinking. They will now carry out a forensic examination to work out whether one of the hatches remained open and whether the keel was improperly raised. A number of experts have speculated that water entering through the top via open hatches could have caused the sinking. Italian prosecutors have opened an inquiry into suspected manslaughter and culpable shipwreck. Captain James Cutfield, engineer Tim Parker Eaton, and sailor Matthew Griffith have been placed under investigation, according to The Guardian. This does not imply guilt or mean that formal charges will necessarily follow. Best of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article.
Yahoo
11 hours ago
- Business
- Yahoo
This $3.2 Million Brooklyn Brownstone Honors Its Past While Embracing Modern Design
There's no shortage of brownstones in Brooklyn, but finding one that strikes the right balance between authentic historic character and contemporary function? That's a little trickier. In a recently restored and upgraded townhouse on Putnam Avenue in the Bedford-Stuyvesant neighborhood, the past and present come together in a way that feels both intentional and easy. The four-story home was redesigned by owner-developer Bolt Equities and is currently listed for $3.2 million with Tali Berzak of Compass. Altogehter, there are six bedrooms and five bathrooms, plus two powder rooms. The upper floors have four spacious bedrooms, while a separate two-bedroom, two-bath garden apartment has its own entrance, making it ideal as a rental or a place to stash visiting friends and family. More from Robb Report Mike Lynch's Sailing Yacht Has Been Recovered One Year After It Sank Paris Hilton Just Snagged Mark Wahlberg's Former L.A. Megamansion for $63 Million This Ultra-Rare Mercedes-Benz SLR "McLaren Edition" Can Be Yours for $700,000 RELATED: Denzel Washington Called This $19.5 Million Brooklyn Penthouse Home in Spike Lee's New Film The three-floor main residence opens to an airy, light-filled great room with high ceilings and herringbone oak floors. The original door frames with fluted pilasters and elaborate casings were stripped down and restored throughout the 42-foot-long space. A working wood-burning fireplace anchors the living area, which flows into a sleek, minimalist kitchen with custom white oak cabinetry, marble counters, and built-in appliances from Wolf and Fisher & Paykel. A velvet banquette creates a casual dining nook, and a glass door leads out to a private 160-square-foot terrace overlooking a row of leafy backyards. Upstairs, the primary suite comes with a generous dressing area that passes through to a windowed bathroom that feels more spa than city—complete with a soaking tub, dual marble vanities, and a rain shower. A small bedroom on this floor easily serves as a nursery or study. Two more bedrooms and a pair of skylit bathrooms sit up on the top floor, along with a full laundry setup. The garden-level apartment holds its own with a full kitchen open to the living room, two bedrooms, one with a private bath, direct access to the backyard. RELATED: Meryl Streep Recorded Voiceovers at This Brooklyn Townhouse. Now It Can Be Yours for $9.8 Million. Throughout, original details are complemented by modern upgrades such as energy-efficient double-pane windows, central heat, zoned air conditioning, a state-of-the-art built-in speaker system, and custom closets. Celebrities have helped burnish Brooklyn's cred—and Bed-Stuy is no exception. Jay-Z grew up in the neighborhood, and while he's since moved on, his neighborhood roots are part of the borough's cultural lore. Actor Jeffrey Wright still owns a historic brownstone there, and nearby, stars like Daniel Craig, Michelle Williams, and Amy Schumer have all owned homes in Brooklyn. The market has responded accordingly: In May 2025, Bed-Stuy home prices were up 9.1 percent year-over-year, with the median hitting $1.3 million, according to of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
