I ran across this story a while ago one the stateside forums. The short version is that someone bought this 63' Bertram new for around $3M and hired a captian to transport it down the east coast in November. What really happened is up in the air, but it broke up and is now on the bottom. Rumor has it there was no transport insurance, so it is not covered. I don't care how much money you have, thats gotta hurt.
Here are pictures of it on the bottom:
And a couple of threads with the details as well as endless speculation as to what happened: