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Bidders place $1m deposit to qualify for superyacht action

6th December 2018
Bidders place $1m deposit to qualify for superyacht action

Worth a reported £200m, superyacht Equanimity is being auctioned in Malaysia in what may become the biggest yacht auction of all time. Our maring insurance experts share the full story...

A luxury superyacht currently docked in Port Klang, Malaysia, is the subject of a huge worldwide auction in which bidders are willing to place a stake of $1m just to enter the auction.

The superyacht, Equanimity measures over 300ft, and is said to have a jacuzzi, sauna, helipad, swimming pool, Turkish bath and even a beauty salon on board. The yacht is said to cost an estimated £500,000 to maintain a month, and it’s estimated to be worth nearly £200m. The 220ft Lürssen Apoise yacht reportedly holds the record as the most expensive yacht ever auctioned, at an estimated £27m sale; Equanimity could smash that record when it goes under the hammer.

Equanimity is however not the most expensive yacht of all time. Saudi Crown Prince Mohammed Salman reportedly purchased 440ft giant Serene for around £430m. Equanimity did however win Best Yacht of the Year at the World Yacht Trophies in 2014 and picked up Finest New Yacht of the 2014 Monaco Yacht Show. Equanimity can accommodate over 50 people, and requires 28 crew members.

Despite the apparent valuation of the yacht though, there is no published asking price or reserve price for Equanimity. If a bidder is successful, the yacht could be handed over before Christmas.

Photo from Reuters

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