The Amadea, a 348-foot superyacht, is for sale in a sealed-bid auction currently taking place in San Diego. The yacht, previously valued at over $300 million, has a minimum bid requirement of a $10 million deposit and bidders must have a net worth of at least $500 million. Ownership of the yacht is contested between the U.S. government, which claims it belongs to Suleiman Kerimov, and Eduard Khudainatov, who argues he is the rightful owner. A U.S. District Judge has ruled in favor of the government and allowed the auction to proceed despite appeals.
"The Amadea, a superyacht measuring 348 feet, is currently docked at B Street Pier in San Diego, valued between $300 million to $325 million."
"Federal officials claim the Amadea was owned by Russian oligarch Suleiman Kerimov, while Eduard Khudainatov is contesting its forfeiture, asserting ownership."
"Bidders for the yacht must prove a minimum net worth of $500 million and place a $10 million deposit to participate in the sealed-bid auction."
"Despite ongoing ownership disputes, U.S. District Judge Dale Ho allowed the yacht's sale to proceed, emphasizing the need to dispose of assets promptly."
Read at www.mercurynews.com
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