5 p.m., May 26
Late David Copley's yacht sold
Yacht publication does not give price
"Happy Days," the yacht that belonged to the late David Copley, publisher of the Union-Tribune, has been sold, according to the publication BoatInternational.com. The price was not given. The Reader had reported in January of this year that Copley's lavish yacht was for sale. BoatInternational.com said the sale was an in-house one -- Fraser Yachts representing both the buyer and the seller.
The yacht was built by Delta Marine in 2006. At that time, the craft was said to be worth $33 million. But when it went on the market in January, it was listed at $34.7 million. The yacht was registered in the tiny tax and secrecy haven of the Marshall Islands -- generally, a ploy for not paying sales tax. Copley threw lavish parties on the yacht in such Beautiful People havens as Monaco. Some of the soirees were faithfully recorded in U-T columns by the late Burl Stiff, society writer for the Union-Tribune. David Copley's yacht and the publicized parties thereupon did not sit well with employees, because the company was dumping assets, and the staff knew that head-chopping would come. (It did.)
The yacht was registered as KABOOM LLC and billed as the largest composite yacht ever built in America at the time. A composite yacht is made of space-age materials rather than the conventional steel or aluminum. The craft required a staff of 12. BoatInternational reported that the yacht "is designed for entertaining, complete with day head, shower, Jacuzzi, bar, elevator to all decks, and outdoor galley. A lightweight, contemporary bimini top that supports the mast, radar, and communications systems offers guests shade."