Seized £63m Russian superyacht Axioma to be sold at Gibraltar auction

in #wortheum2 years ago

A £63m ($75m) Russian superyacht will go under the hammer after its owner was sanctioned.
The Axioma was seized in Gibraltar in March after US bank JP Morgan claimed owner Dmitrievich Pumpyansky did not pay a £17m ($20m) loan.
The 72.5m vessel is being auctioned on Tuesday and, because it is listed for one day only, it is expected to go for less than its estimated value.
The monster boat can sleep 12 people in six cabins.