The 750 million NOK super yacht “Axioma” was owned by Russian billionaire Dmitry Bombiansky.
Now, however, the 58-year-old billionaire, whose fortune according to Forbes magazine is more than two billion dollars, no longer has any luxury yachts.
The 72-meter-long boat was sold on Tuesday at an auction in Gibraltar.
The boat has docked here since authorities seized it in March.
Axioma is one of the many luxury yachts Captured from Russian oligarchs After the invasion of Ukraine in February. The boat is the first boat sold at auction.
Who will now be able to enjoy lazy days in the boat with pool, jacuzzi, spa, 3D cinema and 12 unknown marinas.
The loan cannot be repaid
It was the large American bank, JPMorgan, that requested the seizure of the boat.
A few months before the invasion of Ukraine in February, the bank provided a loan of 20 million euros, in which Pampansky was a guarantor.
But the invasion of Ukraine led to many wealthy Russians being blacklisted by Western countries.
Pumpjanskij has been added to the sanctions lists of the USA, EU and UK. The businessman made a fortune as the owner and chairman of the board of directors of TMK. The company produces steel tubes for the oil and gas industry.
After the Russian was punished, the bank did not want anything related to the billionaire or his companies.
JPMorgan believes the bank can no longer accept money that can be returned to the billionaire due to sanctions, according to Moscow Times.
In July, a Gibraltar court ordered the bank to sell the boat.
Pre-auction interest was very high, according to the New York Times.
The auction house in Gibraltar has been contacted by potential buyers from the US, UK, Canada and Turkey. About 30 people traveled to the British crown colony at the southern tip of Spain to get a closer look at the boat, according to Watchman.
The auction itself took place digitally. According to Reuters, the bids were confidential and sent electronically.
A total of 63 bids were received. Whoever finally won the boat contract and at what price, it will not be known until the sale is completed within two weeks, he writes Bloomberg.
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