Like the island resort made famous by the Beach Boys, the superyacht Kokomo, which was launched in Auckland yesterday, is all luxury.
The 52-metre, high-performance aluminium sloop, which was built by Auckland company Alloy Yachts, was bought by Australian businessman and property developer Lang Walker. Mr Walker was estimated last year to be worth A$1.16 billion ($1.4 billion).
Marketing director for Alloy Yachts Clive Bennett would not divulge how much the boat cost but said: “A boat of similar dimensions sold on the international market for about $50 million recently.”