• more about

    #maltesefalcon

    Vulgar ostentation never looked so good

    MalteseFalcon.jpg

    5 best videos of the $233 million megayacht Tom Perkins no longer wants

    read more: #mineisbigger, #maltesefalcon, #tomperkins, #kpcb, #noveaugauche, #valleywag

    Used superyacht for sale in San Francisco Bay

    The world's largest sailing vessel, the Maltese Falcon, will be visiting San Francisco Bay. It's owned by Tom Perkins — "Perkins" as in "Kleiner Perkins," the venture-capital firm he helped found — and cost around $130 million to build. However, Perkins has been trying to sell the thing with a price tag of $233 million. With a financial crisis on Wall Street and the economy getting flushed down the head, parading a 289-foot tribute to "vulgar ostentation" feels a bit like a thumb in the eye to the average American right now. There is a way Perkins could redeem himself.

    Two words: Homeless shelter. With homeowners failing to make mortgage payments, and the Bay Area known for a seemingly intractable homeless problem, the Falcon could provide part of the solution. And Perkins has admitted to being embarrassed by its expense. After all, it shares a name with a book by noted socialist (and alcoholic) Dashiell Hammett. The onboard "hotel" only accommodates twelve guests, so it would only be a symbolic gesture — at least 5,000 homeless live in San Francisco alone. But as it stands, it's a symbol of unrepentant greed, which at the moment is about as trendy as mortgage-backed securities. (Photo by AP/Lionel Cironneau)


    Contact information for this author is not available.