Redeem now - The man trying to sell an old submersible owned by OceanGate told Insider he's taken the vessel off the market.
- Steve Reoch said he had "no idea" what's next for the vessel when asked on Thursday.
- Reoch previously told Insider he expects the sub will be tied up in litigation for years.
The man who has been trying to sell an old submersible owned by OceanGate told Insider he's officially taken it off the market.
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.Steve Reoch, a yacht broker who sold his first boat in 1979, has been trying to sell the Antipodes submersible — which was built in 1973 and later sold to OceanGate — for the last five years.
On Monday, Reoch predicted that the Antipodes vessel might be "tied up in litigation for years" after a different OceanGate sub, Titan, imploded on its way to the wreck of the Titanic last month, killing all 5 people aboard, including CEO Stockton Rush.
Antipodes was priced at $795,000 before it was pulled off the market. OceanGate had taken the sub on numerous dives to less-deep locations, including a shark-spotting expedition where the rapper Macklemore was a passenger.
Reoch noted earlier this week that this sub has never had any issues.
"Everyone came back OK," Reoch said.
OceanGate stopped "all exploration and commercial operations" last week.
Reoch told Insider he doesn't know what's next for the sub.
When asked what the next steps are, Reoch said he has "no idea what's going to happen to it now."
Reoch previously told Insider that there still might be buyer interest even after taking it off the market, but that he doesn't "want anything to do with it" anymore.
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