Workflow
$300 million megayacht up for auction
CNBC Televisionยท2025-08-21 15:15

Asset Seizure and Legal Challenges - US government is auctioning off the $300 million yacht "Amadea," seized from a sanctioned Russian oligarch [1] - The seizure faces legal challenges, with claims that the yacht is owned by a non-sanctioned Russian entity [2] - The US government has spent over $30 million in taxpayer money to maintain the yacht [2] Auction Details and Market Concerns - The auction ends on September 10th, with bidders required to deposit $10 million [3] - Potential buyers are wary of legal claims from wealthy Russians [3] Yacht Specifications - Amadea is a 348-foot yacht with luxury amenities, including a glass elevator, chromotherapy pool, infinity pool, nightclub, helipad, and gold furnishings [4]