A spokesperson for Powell Jobs’ company confirmed to Business Insider that the 78-meter yacht “Venus” collided with the 106-meter yacht “Lady Moura” on July 22.

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According to the spokesperson, only the crew was on board at the time, and both yachts were anchored when a sudden change in the wind caused the collision.

The “Venus” is currently sailing in the Ligurian Sea, located between the Italian Riviera and the islands of Corsica and Elba, while “Lady Moura” headed towards Mykonos.

A Costly Scratch

Videos shared on social media show the strikingly minimalist superyacht “Venus” and “Lady Moura” making contact. It’s unclear from the footage which yacht struck first. Sources say the damage was “just a scratch, though a significant one, which will be costly to repair.”

However, it is expected that insurance will cover the damage. Yacht insurance, which can cost six figures each month, is one of the most significant expenses yacht owners face.

Four Years to Design “Venus”

The “Venus,” built by the leading yacht manufacturer Feadship, was delivered after Steve Jobs’ death in 2011 and was valued at $130 million upon completion. The Apple co-founder was heavily involved in the design process alongside French architect and designer Philippe Starck.

The two spent four years working on the design, holding monthly meetings to determine the specifications. The yacht features six identical cabins, was built to ensure complete tranquility, and at the time of delivery, it boasted the most advanced technology available.

Philippe Starck told Vanity Fair that a yacht of such quality would never be built again, as “never again will two crazy people come together to carry out such a project.”