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A 129-Foot Superyacht Worth Millions Sinks Off the Italian Coast

A 39.4-meter (129-foot) superyacht valued at $7.8 million capsized and plunged into the Ionian Sea this weekend, with the Italian Coast Guard springing into action to rescue all nine people on board.

The vessel, My Saga, was motoring through the Gulf of Squillace on Saturday evening when the coast guard responded to a call from the crew that the boat’s stern was filling up with water. It dispatched a ship to the yacht, which was located nine nautical miles off the coast, to rescue its four passengers and a member of the crew, according to Italy’s wire service ANSA.