A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pubyansky will be sold at auction on Tuesday after the billionaire defaulted on a JPMorgan loan, according to an auctioneer’s website, cited by Bloomberg.
It will be the first superyacht to be publicly auctioned since Russia’s invasion of Ukraine prompted authorities to freeze luxury yachts in ports around the world, Nigel Hollyer, a broker at auction house Howe Robinson Partners, told Bloomberg by phone.
The Axioma was seized in Gibraltar in March by authorities in British territory at the entrance to the Mediterranean. The ship is valued at 63 million pounds, although it is expected to sell for less than that, the BBC reported, without disclosing how that estimated value was arrived at.
Last month JPMorgan won a court order in Gibraltar allowing the sale of the 73-meter vessel after Pubianski defaulted on a 20.5 million euro loan attached to the vessel, Bloomberg reported earlier, citing court documents.
Axioma, which has an infinity pool as well as a 3D movie theater, has attracted “a lot of interest,” Hollyer said, citing about 115 inquiries and 28 inspections by potential buyers or their teams of inspectors to date.
Source: Capital
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