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Arrested superyacht Axioma sells for $37.5M at auction

27 September 2022• Written by Katia Damborsky

The 72.5 metre superyacht Axioma has been sold for $37,500,055 by the Admiralty Court of Gibraltar. The yacht went under the hammer on August 23 and the sale was finalised today (September 27). 

A total of 63 bids were received, and the winning bid was selected after the completion of an enhanced due diligence process, but the identity of the buyer will not be disclosed.

In a statement, the Court confirmed that "funds will remain in Court for a period of 60 days from the date the sale is advertised in Lloyd’s List". 

"Any person with a claim against the vessel, or the proceeds of sale thereof, needs to submit a claim before the expiration of the said period," the satatement added. 

The sale comes after the superyacht was arrested at the end of March as a result of sanctions against Russia.

She marked the first Russian-owned superyacht to be listed for sale since the economic sanctions were introduced earlier this year. It is understood that she was auctioned following a loan violation, which arose after the yacht’s former owner was added to the European Union's list of sanctioned individuals.

She was sold by the Admiralty Court in Gibraltar under an “as is, where is” private auction, with Howe Robinson handling the sale. 

Days before the auction, a license granted by the US Treasury Department’s Office of Foreign Assets Control authorised US-based buyers to participate in the sale.

One of Axioma 's key features is a large aft deck pool
Credit: Quin Bisset

Axioma was built in 2013 by Dunya Yachts and delivered under the name Red Square. She has proven herself to be a highly popular and versatile charter platform over the years, with a consistently booked-up calendar.

She offers accommodation for up to 12 guests in six cabins with a complement for a crew of 20. She has been meticulously maintained over the years, most recently with a full-scale refit in 2020 which gave her a bright new hull colour.

The yacht has been meticulously maintained over the years

Onboard highlights include a 3D cinema room and a generous aft deck swimming pool that overlooks the swim platform. There is a second jacuzzi on the upper deck aft, alongside a good variety of shaded and non-shaded al fresco areas across her decks.

The yacht’s interiors have been crafted by legendary designer Alberto Pinto, who has given her a chic, monochromatic look that complements her volume and natural light. She features a double-height main saloon with a mezzanine area and a private owner’s deck with a skylight.

Credit: Jeff Brown

She is powered by twin Caterpillar engines which give her a top speed of 18 knots and is ABS-classed. 

The yacht was listed without a reserve price. 

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