A seized Russian oligarch's superyacht has a new owner - but it's not smooth sailing yet
Briefly

A seized Russian oligarch's superyacht has a new owner - but it's not smooth sailing yet
"The sealed bid auction for the yacht closed on September 10. The yacht was seized by the federal government's KleptoCapture task force in Fiji in 2022. It was believed to be worth at least $300 million at the time, according to a Department of Justice press release. A later appraisal put its value closer to $230 million, said court documents."
"Built by Lürssen - the same shipyard behind the yachts of billionaires like Sergey Brin and Barry Diller - Amadea boasts a suite of luxury features throughout its six decks, including an infinity pool and jacuzzi, a helicopter pad, two spas, and a private cinema. The interiors are ornate; there's an elaborate piano, a gilded bar, golden elevators, and a lobster tank."
The US government auctioned the 106-meter superyacht Amadea after seizing it from a sanctioned Russian oligarch. The sealed-bid auction closed September 10; the new owner and sale price were not disclosed. Authorities seized the yacht in Fiji in 2022 via the KleptoCapture task force; initial estimates valued it at $300 million, with a later appraisal near $230 million. Built by Lürssen, Amadea features six decks including an infinity pool, jacuzzi, helicopter pad, two spas, a private cinema, ornate interiors with a piano, gilded bar, golden elevators, and a lobster tank. Monthly maintenance costs reached nearly $1 million for US taxpayers. Ownership disputes and potential restrictions could complicate transfer of the yacht.
Read at Business Insider
Unable to calculate read time
[
|
]