Overview
- The sealed auction for the 106-meter Amadea is set for September 10, 2025, with the U.S. Marshals Service overseeing the sale
- Interested bidders must submit a $10 million deposit to register for the auction through National Maritime Services
- The yacht, originally owned by sanctioned Russian billionaire Suleiman Kerimov, has been docked in San Diego since its transfer from Fiji in June
- Valued at around $325 million, industry estimates suggest the final bid could fall significantly below its appraised value
- The impending sale highlights Western governments’ strategy of seizing and auctioning luxury assets to enforce sanctions on Putin-linked elites