Ananova:

A yachtsman has been forced to hand over his luxury boat - after selling it on an internet auction website for less than £20.

The all-at-sea sailor hoped to get up to £10,000 for the 20ft yacht but forgot to set a minimum price.

But after trying to cancel the sale on the AllesAuktion.de website Jakob Kauder was taken to court by the winning bidder in Cologne, Germany.

Judges ruled that the auction was legal and Kauder had to complete the sale.

Court spokesman Hubertus Nolte said: "The standard laws of business transactions also apply to internet auctions."