I was browsing through my latest issue of Yachts magazine — I am what’s known as an “aspirational reader,” since my boating experience consists of renting a kayak once a summer — when I noticed a stunning advertisement.

The ad was for a yacht-brokerage firm called 4yacht.com. They were listing a very big yacht named Everest. I don’t mean big as in 300 or 400-feet big. I mean big as in 656-feet big. That’s right, 656 feet — which is pretty much a private cruise ship, without all the people or the buffet rooms to clutter things up. Here’s another listing for the boat on Yacht World:

The 200-Meter “EVEREST” can have accommodations fMOST EXPENSIVE EBAY ITEM THE LONGEST LIST OF THE LONGEST STUFF AT THE LONGEST DOMAIN NAME AT LONG LAST What is the most expensive eBay item in the world? On February 08 2006 eBay closed an auction for a 50% deposit on a yacht. The deposit sold at the 'buy it now' price of $85,000,000.00, the total cost being $168,000,000.00 USD. The yacht is designRoman Abramovich, 37, one of the youngest and most influential of Russia's oligarchs, remained largely unknown until recently. Few people even knew what Abramovich, once called the "stealth oligarch," looked like -- one newspaper offered a reward to the first person to photograph him. Born in 1966 on the Volga, Abramovich was orphaned at the age of 4 and spent most of his adolescence with his grandparents in a bleak western Siberia town 700 miles north of Moscow. After a brief stint in the Soviet army, he made plastic toys and started up an automobile parts cooperative. He attended the Gubkin Institute of Oil and Gas in Moscow, then traded commodities for Runicom, a Swiss trading company. Abramovich attributes much of his success to the patronage of oil magnate Boris Berezovsky, who introduced him to Yeltsin's inner circle. By 1996, Abramovich joined the board of directors for Sibneft, Berezovsky's most prized oil holding, and was later put in charge of the company's Moscow offices. After Berezovsky fell out of favor with the new Putin regime, Abramovich took over his patron's oil assets and the country's largest television network. In 2000, Abramovich expanded his empire to form the multibillion-dollar company Russian Aluminum while also branching out into politics. First winning a seat in the State Duma (the lower chamber of the Russian parliament), Abramovich then became governor of Chukotka, a position he has held for two years. The desolate Russian province has become a sort of personal project for Abramovich -- he has spent tens of millions of dollars of his own money building new homes, supermarkets, hotels and cinemas in Chukotka. Critics say his real motives are control over the region's natural resources and perhaps greater political aspirations. Abramovich's assets are managed offshore through his investment fund Millhouse Capital, located in Britain, which Abramovich seems to slowly be making his home. Estimated Worth: $5.7 billion Current Position: Governor of Chukotka; owner, Millhouse Capital Major Holdings: Abramovich is cashing in on billions of dollars of his Russian assets, selling his majority stake of oil company Sibneft; 25 percent of his shares in Russian Aluminum; his 26 percent stake in Russian airline Aeroflot; and reportedly all of his shares in leading sausage producer Omsk Bacon. Other Interests: Chelsea (U.K.) football club Political Connections: Exiled tycoon Berezovsky brought Abramovich into the Kremlin's inner circle. Once in, Abramovich first befriended Yeltsin's daughter, Tatyana, then the former president himself. Yeltsin's former security chief, who wrote a behind-the-scenes account of the Kremlin, claimed Abramovich was considered "the cashier" of the Yeltsin circle. Tatyana and her husband were frequent guests at Abramovich's dacha. These days Abramovich is said to have close ties to President Vladimir Putin's chief of staff, Alexander Voloshin. New Plays: This year, Abramovich purchased Britain's leading football club, Chelsea, in a deal exceeding $300 million. Lifestyle: The billionaire recently added to his portfolio of property a six-story house in London's Eaton Square, part of the estate of the Duke of Westminster, said to be worth more than $46 million. He also owns homes in West Sussex, Moscow and St. Tropez on the French Riviera. Abramovich's custom-made 300-foot yacht, Le Grand Bleu, worth $90 million, features a helicopter and two hovercraft launches. The yacht's christening in Rio de Janeiro was attended by many of Abramovich's friends. Its home port is in Bermuda. Notoriety: Sergei Stepashin, head of the Russian parliament's Accounting Chamber and a close ally of Putin, claimed in July 2003 interviews with Russian media that Abramovich used a tax loophole to enable his oil company, Sibneft, to avoid paying taxes in 2001, and used the money to buy the Chelsea football club. In 2001, according to nonprofit East-West Institute, Russia's tax police opened an investigation against Sibneft concerning allegations that the company failed to pay about $450 million in taxes; the cased was closed without charges. ed by Frank Mulder and built by 4Yacht of Fort Lauderdale, Florida. The yacht, dubbed the 'Gigayacht', will feature a 3000 sq. ft. master suite, luxury office area, salon, cinema room, fitness room,10 multi-level VIP Suites with panoramic windows, eight guest cabins, helicopter garage, retractable elevator, and a 55 X 35 pool off the aft deck. The yacht was bought by Russian billionaire Roman Abramovich and is expected to be delivered in 2007. This sale far eclipses the old record of the most expensive item sold on eBay when on August 16, 2001 a Gulfstream II jet was sold to an African charter airline company for $4,900,000.00 USD. We will try and bring you a picture as well as more details of the world's most expensive item ever sold on eBay as they become available.or 36 passengers and guests consisting of 17 apartments and an Owners private penthouse suite on the top deck. Every suite will have private terraces. In addition the yacht will have an outside swimming pool with a cinema arrangement, large gymnasium, sauna, steam rooms, indoor cinema, and a beach club with side folding platforms port and starboard, as well as a large drive-in docking facility at the aft end for boats and a small submarine. Price on request. Serious Inquiries Only!!!

Since I recently wrote about the world’s largest yacht under construction, the Eclipse, I was a bit confused. Was Everest eclipsing Eclipse? And if Everest represented the highest peak in yachting, what are they going to call the next biggest boat? Bigger than Everest?

For help, I called Diane Byrne, the executive editor of Power and Motoryacht magazine. Diane writes the magazine’s annual list of world’s largest yachts and follows this stuff obsessively.

She says Everest isn’t really a boat. It’s a proposal — a set of preliminary blueprints that brokers and designers try to pitch to potential buyers. Brokers like proposals because they help potential buyers have something more concrete to look at when shopping around. And buyers like them because they help reduce construction time by a year or two, since some of the basic design work and logistics have already been done.

“The upper end of the yacht market has exploded, so there’s been a movement by designers and builders to create proposals,” Diane said.

Of course, any buyer of Everest would have some big challenges to overcome. For one thing, the boat is to big to dock in any standard marina. “They would have to dock in a commercial, cruise-ship terminal, and I’m not sure cruise terminals would even let them,” Diane says. “And that’s not as fun, since there’s an element of showing off” with boats this size.

And of course, there’s the price tag. The “whisper” price for Everest is 350 million euros. That’s right, euros.