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DeCaro Yacht Auctions International is changing the way that luxury yachts are bought and sold.

Our time-sensitive program accelerates and streamlines the traditional listing process, while eliminating the various carrying costs associated with each vessel.

Working with motivated sellers and top yacht brokers, the vessels that DeCaro offers at a live, no reserve Absolute Auction are carefully selected, meeting the standards and requirements befitting a luxury yacht status.

Our talented and experienced marketing team, along with photographers, videographers, website, SEO, PR specialists and many others work together throughout the entire process, focusing on a successful sale for both buyers and sellers.

DeCaro’s strategic marketing program, directed toward qualified, high net worth individuals, produces a non-contingent sale within 30 days (or less) with a cash settlement occurring within 2 weeks following the auction.

• Public and private previews and surveys are scheduled over a 3 week period
• With our program, each yacht is elevated above all inventory on the market, putting the yacht on center stage, in the spotlight
• The credibility and reputation of the DeCaro Auction Team creates buyer and seller confidence
• The auction is conducted by renowned Auctioneer and our Founder, Daniel DeCaro

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Our billions of dollars in successful closings have made DeCaro Auctions International one of the largest luxury real estate auction companies in existence. DeCaro’s unparalleled track record distinguishes us as the luxury real estate auction company with the strongest reputation for integrity and accomplishments.

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The Finest Selection Of Luxury Yachts For Sale

The Moran fleet contains some of the world’s best superyachts for sale. From chic vessels like the UTOPIA IV to large mega yachts like the 95m MADSUMMER, we have something to suit every new owner. We pride ourselves on our expert, up-to-the-minute knowledge of the luxury yacht sales market, and with an enviable fleet, you can be assured that our yacht brokerage team will find the perfect yacht for you at the best possible price.

Moran ensures that every stage of the yacht sale is a pleasurable experience; from browsing our luxury motor yachts for sale to completing the final pieces of paperwork and after-sales support, we’ll be right by your side. But don’t just take our word for it. If you want to buy a yacht or are curious to find out more about our fleet, explore our selection of luxury yachts for sale below or get in contact today.

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540 Sport Coupe

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• Open a free account at Troostwijk Auctions
• Log in via Troostwijk Auctions
• Place the yacht in which you are interested in My Lots on Troostwijk Auctions
• Place your bids online via Troostwijk Auctions
• Ensure you’re the highest bidder when the auction closes
• Wait for the invoice by email from Troostwijk Auctions
• Pay the invoice in full to the secure third-party account
• Arrange the transfer of your new yacht
• Sign for the receipt of your yacht
• Troostwijk Auctions pays the seller after the transfer

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$75m superyacht linked to Russian steel billionaire auctioned off in Gibraltar

The vessel was seized in March under sanctions imposed on Moscow over the war in Ukraine

A £65m superyacht owned by a sanctioned Russian oligarch has attracted 63 bids at auction in Gibraltar in the first sale of an oligarch’s assets since Putin invaded Ukraine in February.

The 72.5-metre Axioma , was seized from steel billionaire Dmitry Pumpyansky in March following sanctions by the UK, EU and the US .

The Office of the Admiralty Marshal in Gibraltar said on Tuesday that “63 bids have been received” for Axioma but refused to detail the value of the bids for the yacht, which features six luxurious guest cabins, a swimming pool, a 3D cinema room, gym, jacuzzi and a fully equipped spa.

“The successful bidder will be selected by the Admiralty Marshal but details of the bidder and the value of the offer will remain confidential,” the court said in a statement. “Details about the sale value of the vessel will be made available once the transaction has been completed which could take place in approximately 10 to 14 days.”

The sale of Axioma has attracted controversy because it is being sold not for the benefit of the Ukrainian people but for a US investment bank, JP Morgan, which claims Pumpyansky owes it more than €20.5m (£17m).

Pumpyansky was until March of this year the owner and chairman of the steel pipe manufacturer OAO TMK, a supplier to the Russian state-owned energy company Gazprom. The UK said the billionaire, who it said had built up an estimated £1.84bn fortune, was one of the oligarchs “closest to Putin” .

The yacht was detained by the Gibraltar government after a legal claim from JP Morgan , which said Pumpyansky’s holding company Pyrene Investments owed it more than $20m.

JP Morgan said the fact the billionaire had been subjected to sanctions meant the terms of the loan had been breached because it legally could not accept loan repayments from Pyrene, and asked the Gibraltar courts to detain and sell the yacht.

There was an “unexpected late surge by prospective buyers” around the world for the vessel, Nigel Hollyer, broker to the admiralty marshal of the supreme court of Gibraltar who led the auction, told the Guardian last week .

The yacht, which was designed by the famed superyacht designer Alberto Pinto, was built by Dunya Yachts in Turkey in 2013. The boat, which was originally named Red Square before being renamed Axioma, was available for other millionaires to charter for $558,500 a week.

“With its luxurious interiors, vast array of onboard facilities and a highly trained and professional crew, a luxury yacht vacation onboard motor yacht Axioma promises to be nothing short of spectacular,” the charter listing states.

The Axioma is the first seized luxury yacht known to be auctioned since the west imposed sanctions on powerful Russians after the February invasion of Ukraine . Scores of yachts and houses linked to Russian oligarchs have been seized by world governments since the invasion. British and American authorities have said they would seek to send the proceeds of sold assets to Ukraine.

James Jaffa, a lawyer for British firm Jaffa & Co which specialises in yachts and who had represented the Axioma before it was seized, said the vessel was likely to sell for “way below” €20m.

After the auction, he said, the ship broker, crew wages, the shipyard and maintenance would need to be paid ahead of the bank.

A successful sale would, nonetheless, be a “benchmark” for other banks looking to recoup losses by auctioning the repossessed property and other assets of sanctioned oligarchs.

“Axioma will be a watershed moment for assets that have bank financing against them because all the other banks will realise that the asset can be sold and that they can get some or all of their money back,” he said.

He stressed, however, that assets without financial claims against them which were seized by governments because of sanctions alone would be harder to sell.

• The super-rich

More on this story

Gibraltar’s government accused of trying to interfere in corruption inquiry

Roman Abramovich business associate loses appeal against UK sanctions

Germany to propose new sanctions against Russia after death of Alexei Navalny

Gibraltar’s chief minister threatens top rights lawyers with defamation

French police detain Russian tycoon over alleged financial and sanctions violations

Spain ‘ready for any scenario’ as Gibraltar talks with UK falter

Gibraltar: UK police asked to help with inquiry into alleged government corruption

Virgin Media O2 to snap up Russian oligarch-backed broadband firm

Abramovich ally Eugene Shvidler fails in attempt to overturn UK sanctions

Gibraltar government braces for public inquiry to hear corruption allegations

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When Is the Best Time to Sell Your Luxury Yacht at Auction?

• July 17, 2020

Unless you’re lucky enough to live in southern Florida, Hawaii, or another temperate destination, you’re likely subject to a limited boating season each year. For much of the U.S., the prime time for boating spans from mid-May through late October. But what does this mean for luxury yacht sellers? Let’s take a closer look at the best times to sell a yacht at auction .

The Best Time to Sell: February Through June

Common sense dictates that the beginning of the boating season is the best time to try to sell a yacht – and that’s exactly what our experience has shown. As the weather warms up, more and more people start preparing for another blissful season on the water. Meanwhile, many who want to upgrade their boat or purchase one for the first time will be entering the market. This surge of new customers creates the seller’s market you need to get top dollar for your vessel.

We suggest starting the process early in the year, especially if you’ll be completing any upgrades or professional work before placing your yacht on the market. That way, once it’s ready to list, you’ll be right in the sweet spot at the beginning of the boating season.

Why You Should Avoid Selling at the End of the Season

As the boating season winds down, fewer luxury yacht enthusiasts will be joining the market to look for a new boat, primarily because they won’t be able to use it until winter is over. At the same time, many owners may decide to unload their yacht so they can upgrade the following season. This scenario makes July through February a great time to buy a luxury yacht ; however, sellers may find that their vessels sit on the market longer and sell for less than their ideal price. Therefore, it’s best to avoid listing your boat during these months.

Key Factors to Consider

Of course, there are exceptions to every rule. Here are just a few of the scenarios in which the above guidelines wouldn’t necessarily apply:

• You are already in the process of purchasing another vessel and don’t want to pay carrying fees for both.
• You live in an area with a year-round boating season.
• You plan to transport your yacht to a warmer climate to sell it.

There’s always the luck factor, too. Even if you choose to list your yacht during the slow season, you may still be able to secure the perfect buyer – especially if you opt to sell your vessel through a luxury yacht auction.

At Elite Auctions, we know what it takes to sell luxury yachts, no matter the time of year or location of the vessel. Our comprehensive services include a variety of tools – such as strategic marketing, professional photography and videography, and more – that help you draw in a large pool of qualified buyers. That way, you can get the price you deserve for your vessel.

Ready to sell your luxury yacht at auction? Contact Elite Auctions today to get started!

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A multimillion-dollar superyacht once owned by a Russian oligarch has gone to auction

Dustin Jones

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase. JON NAZCA/REUTERS hide caption

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase.

A superyacht once belonging to a Russian billionaire went to auction Tuesday in the British territory of Gibraltar. The vessel, estimated to have a value in the tens of millions of dollars, was seized in March as part of Western sanctions against Russia following the invasion of Ukraine.

Gibraltar's Admiralty Marshal was tasked with appraising and selling the yacht, which received 63 bids, according to court documents. Its official appraised value is "a confidential matter which cannot be disclosed," although outside estimates reportedly place it anywhere from $42 million to $75 million. Details about who ultimately purchases the vessel and for what price will be made public when the transaction is complete.

Measuring 236 feet long and weighing over 1,600 tons, the Axioma is a sight to behold. It can accommodate 12 guests in six cabins — along with a 20-person crew in 12 other rooms — and features a gymnasium, full-service spa, infinity pool and luxury cinema, as stated on the Howe Robinson Partners auction site.

The cost to charter the Axioma for a week runs an average of roughly $500,000 , not including other operating costs, according to Yacht Charter Fleet.

The former owner of the ship is Dmitrievich Pumpyansky, once Russia's largest steel pipe manufacturer and currently worth $2 billion, according to Forbes . Unfortunately for Pumpyansky, he was sanctioned by Britain and the European Union after the invasion.

Other superyachts owned by Russian oligarchs have been detained as a result of the sanctions, but the Axioma is the first to be sold off, the Guardian reported.

Despite calls for the proceeds of the sale to benefit Ukraine, the funds will instead be paid to JP Morgan Chase. According to the Guardian, the international bank had a loan agreement with Pumpyansky's holding company, Pyrene Investments.

However, the sanctions against Russia prevented JP Morgan Chase from accepting payments from the holding company, breaching the agreement, and the bank filed a legal claim to have the vessel seized and sold at auction.

Other superyachts belonging to Russian elites have been detained all over the world — including the Amadea, which was seized in Fiji at the request of the United States in May. That $300 million yacht belonged to Suleiman Kerimov, a Russian gold producer worth over $12 billion, according to Forbes .

The fate of the Amadea is uncertain, however; it, too, could be sold to the highest bidder, which would be in line with President Biden's aims to hold Russian oligarchs accountable for their role in the invasion and, potentially, use the proceeds to aid Ukraine.

Superyacht seized from Russian businessman to be auctioned

It is the first superyacht to be publicly auctioned since govts froze luxury vessels after Russia’s invasion of Ukraine.

A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction on Tuesday after the billionaire failed to repay JPMorgan Chase & Co. a loan, according to an auctioneer’s website.

It will be the first superyacht to be publicly auctioned since Russia’s invasion of Ukraine pushed authorities to freeze luxury vessels in ports around the world, Nigel Hollyer, a broker at auction house Howe Robinson Partners, told Bloomberg by phone.

Keep reading

Russian oligarch’s super yacht arrives in turkish waters, fiji seizes russian oligarch’s $300m yacht at us request, new us sanctions on russian billionaire, putin spokesman’s family, sanctioned russian billionaire slams ‘crazy war’ in ukraine.

Axioma was seized in Gibraltar back in March by authorities in the British territory at the entrance to the Mediterranean Sea. The ship is valued at £63 million, though it is expected to sell below that price, the BBC said , without disclosing how it got that appraised value.

Last month JPMorgan won a court order in Gibraltar allowing for the sale of the 73-meter (240-foot) vessel after Pumpyansky reneged on a 20.5 million-euro ($20.6 million) loan tied to the ship, Bloomberg earlier reported citing court documents. A spokesperson for the bank declined to comment.

The 5-deck ship, which boasts an infinity swimming pool plus a 3D cinema, has drawn a “staggering amount of interest,” Hollyer said, citing about 115 inquiries and 28 inspections by potential buyers or their survey teams to date. He declined to comment on the value of the boat, citing confidentiality agreements.

Pumpyansky made his fortune in the steel business. Before he was sanctioned in March, he controlled TMK PJSC, Russia’s largest steel pipes producer.