Superyacht Sea Eagle sells for $3.25 million in online auction

10 May 2010• Written by Malcolm MacLean

Yesterday, May 10th, was the closing day of the online auction of Hakvoort's 34.14m motor yacht Sea Eagle, built in 1988, so I call Craig Cadwalader of Ardell to find out the result, as he was appointed by the Federal Receiver to run the auction.

Craig tells me that it was a long, drawn-out process with four bids received and the winning one coming in at $3.25 million. Sea Eagle was seized by the US Government from disgraced financier Allen Stanford, under whose ownership she had a major rebuild from the hull up in 2005. While he has yet to stand trial, Stanford apparently fought hard to prevent the auction, without success.