Trinity News

She should be leaving Mississippi in about 2 weeks for FT L where she will meet the Dockwise to be delivered to her new owner in Dubai.
If all goes to plan, I should be there when that all happens and hopefully I can get some cool boat porn pics to post

Looks like to me

Apparently Bacarella was seized and is now going to be auctioned off.

Perhaps someone will get a good deal??!!

ICAP.com | ICAP Auction Details

As recently as January 2014 she was listed for €35,000,000 or $47,572,000 at current exchange rates.

Oops

Looks like someone hasn't been paying the bills. Looks like the crew areas where cleaned out. Sad.

Indeed a sad state to see the yacht in.

The way that I look at it is, This could be one hell of a great deal.

Or (close to) fair market value.

Any news with the auction? It was to take place on March 11.

Sources have told me the bank was unable to sell her at the auction.

I suspect there was a rather large minimum bid required.

Thanks for the info. I believe this has been discussed to some extent but how often to people finance mega yachts? I could see the rational of having less cash tied up so that you are more liquid for other investments, especially if they the owner is trying to leverage almost free money right now (not sure the going interest rate for a yacht from a well qualified individual). I feel that in bus situation the yacht was most likely repossessed because it was collateral in another situation which is probably more common but is it common at all to finance these mega yachts?