Accumulating Epic Yachts
March 14, 2016
– The World of Yachting
The battle for Owner of the Longest Cumulative Total Feet of Epic Sailing Yachts (OLCTFESY) is, to the best of Latitude’s knowledge, between two men who soared from rags — or at least moderate circumstances — to vast riches thanks to enterprises founded in the Bay Area. One did it in various tech enterprises, the other in software. And neither is named Larry Ellison.
The first is Jim Clark, 71, the serial tech entrepreneur behind the likes of Silicon Graphics, Netscape, myCFO and Healtheon. Ages ago we were aboard his Baltic 55 in Puerto Vallarta, but he subsequently really moved up in the sailing world. His first spectacular yacht was the Frers 156 Hyperion built by Royal Huisman, which was reported to be adorned with some of the most famous paintings in the world. He then took a big leap up with Athena, the 292-ft clipper-bowed luxury cruising yacht that is arguably the second largest private sailing yacht in the world — if you ignore the hideous 468-footer that’s recently been launched for Andrey Melnichenko. Then Clark had Huisman build his third large yacht, the 135-ft J Class Hanuman.
Orion tearing up and shredding on San Francisco Bay in the 2014 Rolex Big Boat Series.
Photo Latitude / Chris
© 2017 Latitude 38 Media, LLC
Clark is known for being a mercurial guy, so not long after announcing that he didn’t really like sailing in the Caribbean or the Med and putting his two yachts up for sale, he did an about-face. He spent a reported $25 million on the wild 100-ft, all-carbon, all high-tech, VLVP-designed Comanche. Having gotten the complete tour of the boat a couple of weeks ago, we can confirm that no dollar has been left unspent or crew deprivation ignored in the pursuit of every last hundredth of a knot of speed.
We put Clark’s OLCTFESY number at 292+135+100 = 530. As required by OLCTFESY standards, all three of his yachts are in spectacular condition.
The second contender for OLCTFESY honors is Tom Siebel, 63, who made most of his fortune from Siebel Systems, which he sold to Larry Ellison’s Oracle, a company for which he worked for six years. Like Clark, Seibel has lower extremity problems. One of his feet was almost completely bitten off and a thigh gored by an elephant in Africa. You can read about it on Google.
To the best of our knowledge, Tom’s serious sailing fleet started with an ultra-high-tech 45-ft catamaran that he keeps in the Marina Riviera Nayarit. He then went all in on multihulls with the purchase of the MOD70 Orion, which he has sailed across the Bay at just under 50 knots. A very nice guy, Tom was gracious enough to take the Wanderer and Doña de Mallorca for a 34-knot blast across Banderas Bay two winters ago. Siebel has raced Orion in several Rolex Big Boat Series.
Odin under sail.
© 2017 Carlo Borlenghi / Nautor's Swan
In recent years, Siebel has turned away from the 'dark side' with the purchase of three monohulls. The way we understand it, he bought a new Swan 60 for daysails on the Bay, the new Swan 90 Odin for racing in Europe and the Caribbean, which was sort of an interim boat until his Swan 115 could be completed. We’ve been told that Siebel wasn’t happy that the Swan 90 wasn’t really a regatta-winning boat, so although he signed her up for a second St. Barth Voiles in April, he just sold her.
Comanche, sailing in the Caribbean last year.
Photo Latitude / Richard
© 2017 Latitude 38 Media, LLC
According to the Caribbean megayacht rumor mill, Siebel and Clark went into negotiations about Siebel buying Clark’s J Class Hanuman. Clark had laid Hanuman up for quite some time, and seemingly no longer cared about sailing her. Billionaires are used to getting their own way, so when Clark didn’t think Siebel's offer was adequate, he, according to at least one source very much in the know, blew the entire negotiations out of the water.
Siebel, who Forbes reports is worth about $2 billion, and thus about twice as much as Clark, took his J Class yacht money elsewhere, buying what was to be the new J Class yacht Firefly. Actually, Firefly had never been accepted by the J Class Association because she was totally stripped-out and didn’t have a proper J Class interior. The owner wanted to add weight in certain areas to make it seem as if she had a proper interior, but the class association would have none of it.
The to-be owner of Firefly stopped making payments to the builder, so Siebel stepped in and bought the hull — on the condition that the about-to-be bankrupted builder would move the hull to the esteemed Vitters yard in the Netherlands. Vitters is to have this boat completed by December or face horrific financial penalties. Once completed, she will undergo sea trials in the Netherlands in December or January. Sea trials in December in the Netherlands? That's the plan. To be followed by more sea trials in warmer Palma.
Siebel’s buying Firefly rather than Hanuman apparently really got Clark’s competitive juices flowing. Clark immediately took the Hanuman J Class racing program out of idle and put it back on full bore. He reportedly said that he wanted to crush Siebel and his new boat in all J Class events. What fun!
To that end, Clark has ordered a new mast — over a million smackers — and all new sails — about $200,000 per main for Hanuman. Ken Read, Clark’s skipper, reportedly told Clark that he was crazy for wanting to run two such huge sailing campaigns at once. But as Clark’s highly paid skipper — and the supplier of all his sails — Read probably didn’t argue too much.
The Honeys' Cal 40 Illusion at the finish of a Transpac Race.
Photo Latitude / Archives
© 2017 Latitude 38 Media, LLC
So the way it stands now, four J Class yachts will be taking part in this week's St. Barth Bucket, but none of them is named Hanuman or Seva. Hanuman should be back in action for fall J Class racing in Newport, with at least five other J Class yachts expected to compete. It will more or less be a tune-up for the big J Class event in Bermuda at about the same time as the America's Cup next summer. Seva will surely be there. But even that will be a warm up for the J Class World Championships to be held in Newport next fall.
What about Clark's 100-ft Comanche? Having missed the monohull course record in the Caribbean 600 a few weeks ago, she'll be doing the Voiles de St. Barth in April and the Newport to Bermuda Race this summer, and making a run on the Transatlantic record in August.
Clark nixed his Aussie wife Kristy's desire to do a third Sydney Hobart Race this winter in favor of a Cape Town to Rio Race after the Transatlantic record run. But get this: Current plans call for Comanche to do a California to Mexico race in the spring of 2017, followed by the L.A. to Honolulu Transpac record run in July. She would be the favorite for the Barn Door Trophy.
That raises the question of what's up with George David's Juan K-designed Rambler 88. Juan apparently told David, who had owned a Juan K-designed 100 until she flipped in the Fastnet Race, that an 88-footer is the maximum size that humans can handle, and thus could not only beat the 100-ft Comanche on corrected time, but on elapsed time, too. That's proven not to be true, as Rambler has repeatedly beaten Comanche on corrected time, but not on elapsed time.
David is reportedly not happy coming in second, so all kinds of ideas are being thrown around. The wildest of them all: cutting the 18-month-old Rambler 88 into quarters and then rebuilding her longer and wider.
Anyway, as it currently stands, Clark holds OLCTFESY honors, but before long will be eclipsed by Siebel. Unless, of course, there is more boat buying and selling by the two.
Before anybody starts bitching about the wealthy and their yachts, we’d like to point out that Clark and Siebel, like Ellison, made their fortunes not through monopolies or 'public service', but by creating businesses that save other companies — and ultimately consumers — lots and lots of money. In addition, they have both been epic philanthropists. Nor can we disregard their financial impact on the sailing industry. The navies required to sail and maintain their yachts are substantial. And the innovative parts they need help the yachting industry prosper. For example, Comanche’s gimbaled carbon-fiber toilet — the only one for a crew of 20 — cost $20,000.
Did we mention that the Bay Area’s Stan Honey, easily one of the top two or three navigators in the world, has already signed on for all the navigation duties on both Comanche and Hanuman? You know what Stan’s been doing when not racing on the world's fastest monohulls and multihulls? Cruising the Sea of Cortez and mainland Mexico with his wife Sally Lindsay Honey aboard their humble Cal 40 Illusion, which must be at least 50 years old now.
“We’ve absolutely been loving cruising Mexico,” Stan told Latitude in Antigua.
- latitude / richard