Having cost more than $60 million, it has already had at least one extensive refit, completed at Orams Marine at Westhaven in Auckland early last year.
It was built along eco-friendly lines - including the use of its luxurious space for political leaders to discuss major environmental and social issues - and it has been described as having the most technologically advanced and complex systems of any superyacht ever made.
Mr Joy, co founder of IT firm Sun Microsystems, wanted energy-efficiency and environmental-friendliness, and told the Herald On Sunday last year the design emerged out of brainstorming sessions between industry experts and academics, and added: "There was nobody to copy."
Napier's Bluff Hill Lookout attracted hundreds to view the two vessels yesterday from above but, in the case of Ethereal, it seemed much less impressive for those controlling the port's shipping more generally.