A luxury yacht once owned by Russian billionaire Dmitriy Pampiansky has sold for $38 million in Gibraltar – half its reported value – in the first public auction of confiscated assets since the start The Russian-Ukrainian crisis.
The 72-meter (236-foot) 5-storey yacht “Axioma” was put up for sale following a bank demandedJP Morgan Chase‘ He paid off a 20.5 million euro ($19.7 million) loan tied to the yacht. The winning bidder was not disclosed, but the purchase price was regarding half lower than the initial report’s valuation of $75 million.
Authorities seized the floating palace, which includes a huge swimming pool as well as a 3D cinema, in March in the British territory at the entrance to the Mediterranean.
