The blogosphere was filled with tales about a mysterious golden superyacht this summer, said to be the most expensive yacht ever constructed. We have to admit that we found the story fascinating and featured it in one of our posts.

The History Supreme was purported to be a superyacht valued at either $5 or $6 billion. The 100-ft yacht was said to be plated with 100,000 kg of gold and platinum. The owner was reported to be a Malaysian businessman who chose to remain anonymous.

The credibility of the story was boosted by the fact that it was featured on the website of Stuart Hughes, a “renowned UK luxury goods designer.” Now the New Zealand Herald reports that the story has been exposed as a hoax by Motorboat Monthly and other publications. One of the arguments against the story is that the amount of gold said to be on the yacht is about three times the amount held by Malaysia’s central bank. Another argument is that all that gold would make the boat would be too heavy to float!

The “photos” of the yacht were apparently lifted from the Baia Yachts website and picture another boat altogether.

The yachting world has reached a new height of outrageousness with the launch of a new superyacht called History Supreme. The yacht, which is now thought to be the most expensive private yacht in the world, was recently unveiled by UK jewelry designer Stuart Hughes. It was created for an anonymous Malayasian businessman and is said to have cost $5 billion.

What does that kind of money buy? The 100 ft. yacht contains 100,000 kg of solid gold accented with platinum and precious stones. The main sleeping quarters feature a wall made from meteor stone and genuine dinosaur bone.

Find out more about History Supreme on the Stuart Hughes website.