News just in from Mark Elliott at International Yacht Collection of a further price cut to the 42m motor yacht Penny Mae, this time of $1 million.
Penny Mae was delivered by Richmond Yachts in 2004 and accommodates 12 guests in a master, VIP, two doubles and two twins. Formerly known as Keri Lee she was taken in trade as part of the sale of Katherine in January, and the owner is keen to sell. Her asking price is now $12.9 million, down from $13.9 million.