Applicants for the purchase of the 72-meter yacht Axioma, which is associated with a Russian billionaire, made more than 60 bids. The vessel was detained by the Gibraltar authorities at the end of March
A superyacht linked to Western-sanctioned billionaire Dmitry Pumpyansky (62nd in Forbes' 2021 Russia's 200 richest businessmen with a net worth of $2.4 billion at the time) attracted 63 bids at the auction in Gibraltar, according to Bloomberg.
The five-deck, 72-meter yacht Axioma has been put up for auction after JPMorgan demanded repayment of a €20.5m ($20.4m) loan. According to Bloomberg, JPMorgan issued the loan in December 2021, and Pumpyansky was the guarantor. However, a few days after the outbreak of hostilities in Ukraine, the businessman transferred his shares in the holding company for which the ship was registered to another person, the agency reports.
A yacht with a swimming pool and a 3D cinema was detained by the authorities of the British Overseas Territory of Gibraltar at the end of March. This is the first superyacht to be auctioned since governments around the world began to detain ships associated with Russian businessmen, Bloomberg points out. Forbes and SuperYachtFan previously named the owner of the Axioma yacht Pumpyansky.
At the end of June, Business Insider reported that the Axioma superyacht would be sold at auction. According to the publication, this decision is associated with high maintenance costs, which can be 10 & ndash; 15% of the cost of the vessel per year (the yacht costs $ 75 million, according to Business Insider).
Pumpyansky is under US, EU and UK sanctions. After EU sanctions, he withdrew from the beneficiaries and the board of directors of the Pipe Metallurgical Company (TMK).
The head of Crimea, Sergei Aksyonov, offered asylum to the owners of Russian yachts on the peninsula, calling the detention of ships by Western authorities lawlessness and piracy.
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