Tim Phillips has owned an enviable string of Spencer Yachts in the past, having built two 60-footers and two 70-footers with the North Carolina boatbuilder. So when it came to designing a new outboard ...

Resting in the water outside Paul Spencer’s window floated a 75-foot, $7 million yacht almost ready for delivery. The interior is lined with an exotic African bubinga wood complete with crown molding.

Video shows a 60ft stolen yacht running into other luxury boats and doing donuts in a marina in Newport Beach. The California man was arrested and taken into custody with bail set at $3 million. March ...