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|Location||North-east of Dawnstar|
|Quests||Contract: Kill Deekus|
Hela's Folly is a partially-submerged merchant vessel located northeast of Dawnstar. Deekus, an Argonian scavenger who appears to have been salvaging jewels from the wreckage, has a small camp nearby.
The shipwreck itself is situated on an island East of the Dawnstar Sanctuary. There is a leveled chest located within the Captain's Cabin (submerged) of the vessel and several gems almost directly under the chest. There is another locked chest inside Deekus's camp.
- Contract: Kill Deekus.
- This is one of the possible locations in which the Helm of Winterhold may be found for the Miscellaneous quest initiated by Jarl Korir of Winterhold.
- Some Precious Gems inside Deekus' camp and inside the sunken ship.
- A locked chest in Deekus' Camp.
- A locked chest inside the ship.
- Dibella Statue next to Deekus' bedding.
- N'Gasta! Kvata! Kvakis! will sometimes spawn in a chest here.
- A possible location for Meridia's Beacon.
- The items in the ship may be freely taken, though taking anything from Deekus' camp is marked as a theft.