No Ownership Claim Received For Alfa Nero; Auction Proceeds

Alfa Nero photo shoot 2. Creator: Pamela Jones Copyright: © Pamela Jones 2007

No Ownership Claim Received For Alfa Nero; Auction Proceeds

The Government will be proceeding with the auction of the Alfa Nero super yacht.

The move comes after the 10-day notice of its intention to sell the vessel expired on Friday, March 31, without a claim being received from anyone purporting to be the owner.

The vessel is now deemed as abandoned and will be sold to the highest bidder; the proceeds will go into the consolidated fund after payment is made to those who have provided fuel and other supplies, while it has been moored in Antiguan waters.

The yacht, which is reportedly valued at US$81M, has been in Falmouth Harbour following sanctions against its reputed Russian owner in the wake of Russia’s invasion of Ukraine.

It has been deemed a hazard to the country’s ecology and economy, especially since the few remaining crew have indicated they could leave it unmanned.

The way was cleared for the auction by Parliament’s approval of an amendment to the Port Authority Act. (STATE MEDIA)

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]


  1. I wonder if any other Caribbean leader would be bold enough to sell a Russian yacht. But none of them is probably as greedy for money. Not even America has sold any of the seizures. They are now realizing these yacht are easier to seize than to maintain with there multiple million maintenance costs. All the talk about the bad condition of the yacht is just cover. Talking about proceeds going to treasury after outstanding bills are paid is just another self enrichment scheme. Just find friends and family to submit bills.
    I do hope when the Russians take their revenge, they will remember that it was Gaston who sold their yacht and not the people of Antigua. Who would want to buy a stolen yacht anyway? Wouldn’t they be afraid for their personal safety?

Comments are closed.