Iraqi Government Sells Saddam’s Yacht

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Saddam's yacht

Saddam Hussein's Yacht

Iraqi authorities are about to sell late leader Saddam Hussein’s yacht the following days.

The Iraqi government has just won a legal battle with a Jordanian company that seemed to be claiming the yacht belonged to them. The company, partly owned by King Abdullah of Jordan, said that the yacht had been given to them as a gift.

But the French judge who presided over the case ruled in favour of the Iraqi government.

The luxury yacht, called Ocean Breeze, is 82 meters long and has an estimated worth of over 30 million dollars. The value is given by the several swimming pools, a theatre, a helipad and, of course, by the fame of its former owner.

Although the yacht’s value is more than obvious, the sellers fear they may have a hard time selling it because of the way it is decorated.

As the luxury yacht of the former leader of an Arab country, Ocean Breeze fully expresses the Arabic decoration style: mahogany carvings, lots of golden details, bright colours, carpets.

Brokers hope to get around 35 million dollars for it and emphasize, most of all, its historic value.

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Posted under Business, Society

This post was written by Dana Ciucalau on November 3, 2008

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