Designer has Steve Jobs' yacht impounded over unpaid bill

Philippe Starck, the man who designed Steve Jobs' yacht, had the boat impounded in Amsterdam due to unpaid bills, according to Starck's lawyer. The yacht, known as "Venus" cost almost US$130 million to build. It was started in 2007 by Jobs and Starck, who worked together in designing it.

Since Jobs passed away in October 2011, he never got to see the finished boat, but after its completion it was delivered to his family. However, now Starck's lawyer says the Jobs family has only paid him a portion, $8 million, out of the $12 million he and Jobs agreed on.

A lawyer representing Starck told Reuters, "The project has been going since 2007 and there had been a lot of detailed talk between Jobs and Starck. These guys trusted each other, so there wasn't a very detailed contract."

The yacht was impounded on Wednesday and will remain in the Amsterdam port until Jobs' estate lawyers pay the outstanding balance.