Tiesto was on board LIV club owner Dave Grutman's top-of-the-line boat with fellow DJ Martin Garrix on Wednesday (25Mar15) when they paid a visit to Guetta's South Beach property to pick him up for a party.

However, the engine stalled as they approached the pad and the Dutch star and his companions were unable to stop the yacht from barrelling into the wooden dock, according to TMZ.com.

No one was injured in the accident and the boat escaped without a scratch, but repairs to Guetta's dock are expected to set him back $30,000 (£18,750).

Video footage of the incident, posted on Garrix's Instagram page, shows Guetta laughing hysterically at his pals, before joining them on the yacht.

The wealthy Frenchman, who reportedly earned $30 million (£18.75 million) in 2013, also joked about the crash in an Instagram photo of himself and Garrix on the destroyed dock, captioning it, "Life is beautiful when friends come say hi!!! Just a little expensive!"