A speedboat owned by former President George HW Bush that will be auctioned on Wednesday, February 15, 2024, in Houston to raise money for scholarships for the George Barbara & Bush Foundation.
A speedboat owned by former President George HW Bush that will be auctioned on Wednesday, February 15, 2024, in Houston to raise money for scholarships for the George Barbara & Bush Foundation. Image Credit: George & Barbara Bush Foundation via AP

Kennebunkport, Maine: It seems former President George HW Bush felt the need for speed in the waters off Maine, where he kept a nearly 1,000 horsepower speedboat. And for the right price, someone else can experience its excitement.

The vessel is set to go up for auction on Thursday during the 2024 Presidential Salute auction in Houston, said Hutton Higgins, a spokesperson for the George & Barbara Bush Foundation.

Proceeds from selling the 11.5-metre speedboat “Fidelity V” will be used to expand offerings at the George HW Bush Presidential Library & Museum and The Bush School of Government & Public Service at Texas A&M University in College Station, Texas.

Bush purchased the 2011-model Fountain 38CC after both he and his son, former President George W Bush , had left office.

The watercraft is emblazoned with a presidential seal and boasts three Mercury outboard engines that can propel the vessel to 120-kph. The boat was used in the North Atlantic waters off Kennebunkport, where the Texas family has a summer retreat on the Maine coast.

It's the fifth of George HW Bush's speedboats to bear the name Fidelity. The first is on display at the Bush library and museum, and the fourth is still in use in Kennebunkport, Higgins said.