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Sanctioned Billionaire’s Yacht Attracts 63 Bids at Auction

The Axioma superyacht.
The Axioma superyacht.Source: Marine Traffic
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A luxury yacht once owned by sanctioned billionaire Dmitry Pumpyansky has attracted 63 bids in Gibraltar, in the first public auction of an asset seized since the start of the war in Ukraine.

The five deck, 72-meter (236 feet) yacht Axioma was put up for sale after JPMorgan Chase & Co. called in a 20.5 million-euro ($20.4 million) loan tied to the vessel. The floating palace, which boasts an infinity swimming pool plus a 3D cinema, was impounded in March by authorities on the British territory at the entrance to the Mediterranean Sea.