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$1.9m winning bid for AQV coastals, court OKs $6m sale of river vessels (updated)

Ocean Navigator, left, is one of two lakes (coastal) vessels sold for a total of $1.9m. At right, American Queen, the largest of four river vessels in the former AQV fleet, was purchsed for $2.15m
The successful bid for American Queen Voyages' two lakes (coastal) vessels was $1.9m, buyer TBA, and the sale of the four river vessels to American Cruise Lines was approved for the adjusted price of $6m.

US Bankruptcy Judge Marvin Isgur approved the river vessels' sale Thursday at a hearing in Houston.

The sale of the lakes (coastal) vessels, Ocean Voyager and Ocean Navigator, to a different buyer is still pending court approval. 

John Waggoner?

Update: Since the April 1 lakes vessel auction, numerous sources indicated John Waggoner submitted the winning bid. He founded American Queen Voyages and was bought out by Crestview Partners well before the company's collapse. However, a notice of sale filing is pending and Waggoner declined to comment.

Vessel prices

The river fleet going to American Cruise Lines are American Queen ($2.15m), American Countess ($1.6m), American Duchess ($200,000) and American Empress ($1.6m). Together with $750,000 for intellectual property such as trademarks, website domain names and certain business reports, the winning bid originally totaled $6.3m.

$300K adjustment

However, an attorney for AQV parent the Hornblower Group said that because the river and lakes (coastal) vessels were part of an integrated business, certain materials were held jointly, and an adjustment of $300,000 was agreed.