Russian oil billionaire’s seized $75 million Axioma has become the first seized superyacht to be auctioned by authorities. With no reserve, the 236 feet long vessel may be sold for a throwaway price.

Via Charterworld

Arrested superyacht Axioma was the first one among many impounded Russian-owned luxury vessels to be listed for sale. The $75 million ship will be sold by the Admiralty Court in Gibraltar under an “as is, where is” private auction on August 23, stated Boat International. It is also detailed that Howe Robinson will handle the sale to close on the same day. Steel billionaire Dmitry Pumpyansky’s beautiful blue boat was embroiled in a $12.5 million loan-related controversy with Investment bank JP Morgan Chase.

Via Charterworld

The latter won a court order that authorized the seizure of Axioma. The luxury motoryacht will now be sold without a reserve price, but it is improbable the vessel will go under the hammer for its whopping $75 million market value. It will undoubtedly sell for more than the roughly $13 million owed to the bank.

Via Instagram / @yachts_on_the_rock

Axioma the beauty in blue:
Axioma boasts an open mezzanine, elevator, and a swim-up bar. The dynamic motoryacht flaunts an infinity pool, a well-equipped fitness center, a movie theater, steam, sauna, and massage rooms, with the most stunning views. There is plenty to do aboard for 12 guests who unwind in 6 luxurious cabins on the main deck.

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Via Instagram / @lund_group

The $75 million superyacht has played host to some of the most renowned celebrities in the world. It is packed with amenities like a jacuzzi on the sun deck, an owner suite with a private balcony, and an impressive arsenal of water toys. The six-decker beauty owes her gorgeous interiors to Alberto Pinto, who is responsible for modern and crisp interiors.

Via Charterworld

The guest cabins and lounge areas look avant-garde with geometric influences and neutral hues, offering a wide array of amenities. The double-height atrium is a unique element, comprising an exquisite ceiling reminiscent of ocean waves in gold-hued details. The 236-footer is thronged with lounge areas, indoors and outdoors.

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Via Charterworld

Will Pumpyansky win back the luxurious Axioma?
With no reserve price on its sale, there are chances the elegant vessel ends back in the lap of Dmitry Pumpyansky. The Russian billionaire businessman worth $2.2 billion won’t bat an eyelid to regain his prized possession, especially if it happens to sell for a much lower amount hovering around the $13 million loan amount. Pumpyansky started as a metals trader, moved up the ladder managing several metal factories, then took over the Sinarsky Pipe Factory He finally made it big by acquiring the pipe conglomerate TMK and becoming the 100% owner by buying out his partners. What happens finally with Axioma will unfold only next month on 23rd August. The proceeds of the sale will be awarded to the Admiralty Court; till then, this gorgeousness remains moored in Gibraltar.

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.