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Pop star's $150k boat burns down to ashes

Reports say the pop star's pricey boat went up in flames on a beach near her home on Rhoda Island this week

Taylor Swift loses $150k boat to fire

Taylor Swift has lost her amazing $150,000 boat to a huge fire.

Reports say the pop star's pricey boat went up in flames on a beach near her home this week.

The 35-foot cruiser washed up on shore in July and was abandoned after its owner couldn't afford to have it moved. We're told that's when some punk decided to spray paint, "Property of Taylor Swift" on the side of the rig.

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According to TMZ, law enforcement confirm that Swift had nothing to do with the paint or fire and it's now an arson investigation.

The site further reports that Taylor could have claimed the boat because in Rhode Island an abandoned vessel is fair game to anybody after 45 days.

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Swift is yet to release a statement whether or not the boat indeed caught fire

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