On January 4th 2010 we carried the news of the sale of Trinity's 53.95m motor yacht Katharine, with Grant Torrens Marine in Australia acting for the buyer and International Yacht Collection representing the seller. Now it's time for an update.

Katharine was sold with Richmond Yachts' 42m Keri Lee accepted as a trade-in. Now Katharine has been renamed Keri Lee III and Keri Lee is called Penny Mae and is on the market through Mark Elliott at IYC asking $14.95 million. Penny Mae was built by Richmond in 2004 and accommodates 12 guests in a master, VIP, two doubles and two twins.