BUSINESS
12/05/2008 05:12 am ET | Updated May 25, 2011

Buyers Boycott Saddam's "Ocean Breeze" Pleasure Boat

The sale of a luxury yacht once owned by former dictator Saddam Hussein, moored until recently off France, has met with muted interest from would-be buyers, the legal firm overseeing the operation said on Tuesday.

The Iraqi government said on Sunday that it planned to sell the Ocean Breeze, one of the many opulent treasures that belonged to Saddam, and that the pleasure boat would probably be sold within weeks.

That confirmation followed a report in Britain's Sunday Times which said the 270-foot yacht, featuring gold-tap bathrooms, a helicopter landing pad and a secret escape passageway, should fetch $30 million.

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