Italian watchmaker Panerai bought a rotted, half sunken yacht called Eilean after Chief Executive Angelo Bonati found in Antigua in April, 2006. After nearly three years and about 3 million euros (more than $3.8 million), the gleaming, rebuilt sailing ketch, shown here, returned to the sea to represent Panerei, a sponsor of a series of exclusive classic yacht regattas.
source: http://online.wsj.com/article/SB10001424127887324412604578513502809130718.html#slide/1