An OceanGate sub is for sale — and the yacht broker who has spent 5 years trying to sell the vessel now wants nothing to do with it
OceanGate
- A yacht broker trying to sell a submersible owned by OceanGate doesn't think it will ever sell.
- The Antipodes submersible — which seats 5 people — is listed for sale at $795,000.
- The broker told Insider he doesn't "want anything to do with" the vessel anymore.
Want to buy an OceanGate submersible? It'll set you back $795,000.
But the yacht broker who's been trying to sell the vessel for five years doesn't think he'll ever find a buyer — and at this point wants to just be done with Stockton Rush's old sub.
"I don't want to have anything to do with it," Steve Reoch, an expedition yacht broker who sold his first boat in 1979, told Insider just weeks after another OceanGate-owned sub, the Titan, catastrophically imploded on a mission.
The Antipodes submersible first made its way into Reoch's life after OceanGate contacted him and asked him to sell it for them since he's represented sales for other submersibles over the years.
The vessel was built by Patrick Lahey for Perry Submersibles in 1996. It went through "several people and several owners" before landing at OceanGate when Stockton Rush purchased Antipodes as the company's first submersible, Reoch said.
The thirteen-and-a-half-foot sub is currently listed for nearly $800,000 and is located in Everett, Washington, where OceanGate's headquarters is located.
According to the listing, the Antipodes can go 1,000 feet deep into the ocean on "deep-water expeditions" to "access underwater environments."
"With six individual 5HP electric thrusters, Antipodes is highly maneuverable at depth and extremely comfortable for pilot and up to four crew," the sub's website states.
Reoch said Rush took Antipodes for a number of dives operated under OceanGate and that all were "successful." One of those trips was a shark-spotting expedition where rapper Macklemore was a passenger.
"Everyone came back okay," Reoch said.
Notably, Antipodes was classed by the American Bureau of Shipping — meaning it was checked to see if it met industry standards — whereas Rush's Titan sub that imploded on the way to the Titanic was not, Reoch said.
But once OceanGate began building what would be their second submersible, the Cyclops, Reoch got the call from Rush asking him to sell Antipodes.
In the meantime, OceanGate continued to charter Antipodes while Reoch was trying to sell it, chartering different expeditions in the sub "so it wasn't just sitting in a shed somewhere."
Reoch said there has been interest in the sub in the last five years, but that the prospective buyers "weren't legit" or were "flakes," he told Insider.
In fact, Reoch said he has tried to sell a number of classed submersibles over the course of his career, specifically targeting large expedition yacht owners, but he's never successfully sold one.
In the case of the Antipodes, after five quiet years on the market, Reoch is sure the sub won't sell now.
For one, Reoch told Insider that Antipodes will likely be "tied up in litigation for years" since OceanGate, the vessel's owner, stopped "all exploration and commercial operations" last week.
He said he's going to take the listing down in the coming weeks and noted that someone may want to buy it but that he doesn't want to be involved in the sale because of litigation.
Not that it'd matter, he says. Reoch doesn't think the submersible is of interest to any buyers "especially now because of the relationship with OceanGate."
"We're in the process of disassociating ourselves from the vessel because it won't sell," Reoch told Insider. "Nobody's going to be able to sell the submersible for years because of litigation — it's a waste of my time and has been for five years."