The 267-foot superyacht Alfa Nero has reappeared on the global market, listed for €88.5 million (around US$102 million), more than double the price paid by the Government of Antigua and Barbuda just over a year ago.
Antigua acquired the vessel after it was abandoned in Falmouth Harbour, but maintaining the 2,150-gross-ton yacht proved costly. Dockage, crew, and upkeep quickly strained government resources. A failed public auction in 2023 led to a private sale in July 2024, reportedly to Ali Riza Yildirim, head of Turkey’s Yildirim Group, for about US$40 million.
Industry observers say the listing could represent one of the most lucrative yacht flips in recent years, though costs for refits, commissions, and maintenance may offset some profits.
The yacht’s sale is complicated by ongoing legal claims from Russian national Yullia Gureyeva, who asserts ownership of the vessel.
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Yacht flipping experts playing chess while someone else was playing checkers… The boat owners and others at Falmouth are not surprised to hear this. Some are laughing.
So you mean to tell me we couldn’t have gotten over $60mill for it……use that money to enhance roads and healthcare in Antigua and not increase licensing fee
Sure, it sold for $40 million, but I wonder how much the government spent on maintenance before the sale.
Imagine the upkeep on that boat alone probably more than most of us will see in a lifetime.
Something smells fishy here. How does a country sell a yacht for $40 million, and now it’s worth $102 million? That’s not just bad luck nuh people… that’s either extreme incompetence or someone was in on the deal. Were there backroom deals? Bribes? The public deserves answers, not excuses. Guess Ras GASSY and Tellamack were desperados.
Wait… hold up. Antigua sold Alfa Nero for just $40 million? This isn’t a used car we’re talking about people…It’s a 267-foot superyacht that just got relisted for over $100 million! How does a country let a national asset slip through its fingers for less than half its market value? Were they desperate? Did nobody do the math? This feels like a massive betrayal of the public trust. I mean, we’re talking tens of millions of dollars lost that could’ve gone into hospitals, schools, or infrastructure and instead, someone else is about to cash in on Antigua’s misstep. Somebody needs to explain this. Was it sheer negligence or something worse?
Antigua went from zero to hero real quick. First, they inherit a giant floating money pit, and now it’s worth more than some small countries’ GDP. Man, next time just leave your yachts abandoned everywhere and call it a national investment strategy
Just imagine that. We sell low and they skyrocket their price. The Russian woman can battle out with the new owners now and leave us alone
We will know who is getting a share of the profits
Antigua went from zero to hero real quick. First, they inherit a giant floating money pit, and now it’s worth more than some small countries’ GDP. Man, next time just leave your yachts abandoned everywhere and call it a national investment strategy
Wait… hold up. Antigua sold Alfa Nero for just $40 million? This isn’t a used car we’re talking about people…It’s a 267-foot superyacht that just got relisted for over $100 million! How does a country let a national asset slip through its fingers for less than half its market value? Were they desperate? Did nobody do the math? This feels like a massive betrayal of the public trust. I mean, we’re talking tens of millions of dollars lost that could’ve gone into hospitals, schools, or infrastructure and instead, someone else is about to cash in on Antigua’s misstep. Somebody needs to explain this. Was it sheer negligence or something worse?
Something smells fishy here. How does a country sell a yacht for $40 million, and now it’s worth $102 million? That’s not just bad luck nuh people… that’s either extreme incompetence or someone was in on the deal. Were there backroom deals? Bribes? The public deserves answers, not excuses. Guess Ras GASSY and Tellamack were desperados.
Imagine the upkeep on that boat alone probably more than most of us will see in a lifetime.
I’m over here thinking: what if Antigua starts a yacht-themed reality show? ‘Keeping Up with the Falmouth Harbour Ghost Ships.’ Ratings would be insane, and at least someone could pay the maintenance bills with product placement
So let me get this straight: they got stuck with a massive yacht, it drains all the money, and now someone else wants it for double? Next government budget meeting: ‘We propose buying abandoned yachts as a hedge against inflation.
Y’all so political and dunce. Y’all think that yacht was in its element when the government sold it. Do you know the cost of upkeeping a small fishing boat, nevermind a luxury yacht. I can only imagine the amount of money spent to refit that yacht to bring it back to it’s original status.
This Alfa Nero Saga has got to be a blockbuster movie series.
#HAMA – Howard & Mitzi, I got #scripts!
…from the attempted COUP on African soil by the Brutish British Aristocracy!
…to the Bloom Cooper Enquiry!
…to the ALF_AH_NARGO!
…to a Federal Judge of Caribbean Decent sitting on the bench!
…to a Fake Rasta on a Camel in Dubai washing his Ganja millions!
#HAMA – Howard & Mitzi!
#lights
#camera
#action
It would be more than laughable, [if] (the unruly supposition acting, as a preposition), if it’s demonstrating, in the not too distant future, that 🧐😇🧘🏾🧛🏿♀️the Russians brought the yacht from the government of A&B, is now reselling it, at a profit no doubt, no doubt! Fu sure, de sure AND is still suing GASTON & Company. The Government of Antigua, Barbuda & REDONDA, to the US SUPREME COURT. To the PRIVY COUNCIL.
Then head to the Russian Courts, while possibly in the United Arab Emirates.
Blurnclath to rattit! Luk ah #scripts!
Starring…hypothetically!
…Gaston Browne can star as himself!
…Robert Dinero as the Russian Oliigarch!
…Harold Lovell as the crooked Attorney General.
…Skye Williams as the Air Force General.
…Cornell Tenman as the Ambassador to China who became the crooked Finance Minister
Jumbee_Picknee aka Ras Smood
De’ole Dutty Peg🦶🏿Garrat_Bastard
Vere Edwards
If the Yacht wasn’t in its element, it was the doings of those who fabricated the ‘abandoned’ story and stole all the valuables that were worth millions. I am almost certain that at least one Local has interest in that vessel.
When you buy an old house, after you would renovate the house you would sell it for more that you paid for it .It’s just common sense.
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