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When Donald Trump tried to sell for US$115 million a yacht he bought for US$30 million from the Sultan of Brunei

  • Hong Kong ship brokers doubted the Trump Princess would attract ‘serious bids’ when the future US president showed the yacht at Ocean Terminal in 1990
  • He had bought it three years earlier for a fraction of the asking price. ‘Trump will have the last laugh unless whoever buys it is equally notorious,’ one said

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The Trump Princess crossing Victoria Harbour in 1990, when future US president Donald Trump tried to sell the yacht in Hong Kong for US$115 million. He had paid the Sultan of Brunei US$30 million for the vessel three years earlier. Photo: Robert Ng

“The major corporate entertainment this week seems to be on the waterfront,” reported the South China Morning Post on March 25, 1990. “The Art of Making a Deal, [sic] by Donald Trump, is now showing at Ocean Terminal on and around the luxury yacht, Trump Princess.

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“The yacht’s US$115 million (HK$897 million) price tag has been described as ‘a joke price’, but the Trump team and the media have hoisted it gleefully like a battle flag announcing the arrival of the Trump Circus Troupe.

“No one seriously expects the yacht to go for its asking price, although top boat brokers and the ship financing community believe it will fetch ‘a justifiably good price’ – but not from a Hongkong buyer.

“Sceptical observers with varied vested interests and insufficient cash, say it is doubtful the handful of Hongkongers now in a position to consider the yacht will make serious bids.

The Trump Princess docked in Hong Kong in 1990. Photo: Robert Ng
The Trump Princess docked in Hong Kong in 1990. Photo: Robert Ng

“‘She has no earnings, no commercial returns. No one buys a boat like that as a tax shelter. As an investment, I would say Mr Trump will have the last laugh and the last wad – unless whoever buys it this time round is equally notorious,’ a Hongkong ship broker said.

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