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.