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.

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