Hela's Folly is a small shipwreck northeast of Dawnstar.
At a makeshift campsite next to the wreckage is an Argonian named Deekus. At the campsite are various gems, a statue of Dibella, and assorted valuables. Watch out for the bear traps surrounding the campsite chest. Three salmon are cooking above the fire in the middle of the campsite. Another chest can be found underwater in the northwest part of the ship. There are also several gems underwater, almost directly underneath the chest. This includes one ruby and one sapphire on the lower deck of the submerged half, between some crates near a plant.
 Related Quests
- If you are sent here to retrieve the Helm of Winterhold for Jarl Korir, it will be in the chest owned by Deekus, and thus considered theft. Stealing the helm doesn't count as a crime. Korir will still accept it to complete the quest.
- You can become stuck between rocks and the wrecked ship just a few paces forward from the fast-travel spawning point. ?
- Fast-traveling back to Hela's Folly seems to fix this.