Superyacht Sells Under the Hammer at less than Half her Price

Auction specialists ICAP Shipping in Gibraltar reported recently that their auction of the superyacht Bacarella attracted more than 18 bidders who actively tried to outbid each other for the opportunity to buy an arrested superyacht at a knockdown price.

ICAP Shipping Gibraltar acts exclusively for the AdmiraltyMarshal in Gibraltar and which in turn is part of ICAP Shipping Ltd., headquartered in the heart of London
As the Admiralty Marshal’s broker, their office in Gibraltar is responsible for first carrying out a full survey of each arrested vessel.
Then using global marketing via a dedicated website, they sell any yacht arrested in Gibraltar by conducting the auction through sealed bids, either in writing, fax or via the company’s online auction site.
During March 2014 they concluded such a sale by accepting a final offer in excess of $30 million on Bacarella the 60 metre superyacht launched in 2009, by builders Trinity Yachts.  The yacht had been advertised for sale by brokers before the arrest at $64 million
The steel hulled helicopter capable yacht started life at 55 metres but was stretched to nearly 60 metres mid-build.
Powered by twin 2,012hp Caterpillar diesel engines she has a top speed of 16 knots, cruising speed of 14 knots and a range of 4,500 nautical miles at 12 knots.
Built to ABS class she is MCA compliant and has a custom interior by Bannenberg & Rowell.