Superyacht linked to sanctioned Russian oligarch is auctioned in Gibraltar
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Loading... - Carine Ousmanou
- 23 Aug 2022
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A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February.
The Axioma was granted entry into Gibraltarian waters and then impounded by the authorities in March after U.S. bank JP Morgan said its alleged owner Dmitry Pumpyansky had reneged on the terms of a $20 million loan.
The 72.5-metre vessel is being auctioned by the Gibraltar Admiralty Court. It was listed for one day, with closed bids to be sent electronically by midday on Tuesday, a court spokesman said.
Nigel Hollyer, the broker to the Admiralty marshal of the supreme court of Gibraltar who led the auction, told the Guardian newspaper last week that there had been an “unexpected late surge by prospective buyers” around the world, with more than 30 flying to Gibraltar to inspect the yacht in person.
Given the yacht was being sold through the courts, he said, prospective buyers seemed to believe they could pick up a "bargain."
The boat, which can sleep 12 people in six cabins, has a swimming pool, a jacuzzi, a spa, 3D cinema, jet skis and scuba diving equipment. Read More...
