Axioma, 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 72.5-meter yacht was impounded by the Gibraltar authorities in March after U.S. bank JP Morgan said its alleged owner Dmitry Pumpyansky had defaulted on the terms of a $20 million loan.
The Office of the Admiralty Marshal in Gibraltar said on Tuesday that “63 bids have been received” for Axioma but refused to detail the value of the bids for the yacht, which features six luxurious guest cabins, a swimming pool, a 3D cinema room, gym, jacuzzi and a fully equipped spa. The bid selection process is expected to take 10 to 14 days.
Continue reading →