The Herald reports that packing magnate Michael Smurfit is selling his luxury yacht for â‚¬16.5m after buying it eight years ago for more than â‚¬40m.
Fifty metres in length and containing six luxury cabins, the Lady Ann Magee is capable of accommodating 12 guests.
A jacuzzi, a swimming pool and an en-suite sauna are among the features of the 12-crew boat.
For the past number of years, the yacht has been available to charter for â‚¬200,000 a week.
Rod Stewart hired the yacht after his wedding to Penny Lancaster in 2007.