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1 Million Dollar Yachts

Find the perfect yachts for sale under 1 million dollar.

Our website features plenty of yachts all around the world, discover the perfect yacht closer to you!

OCEAN PEARL - FRACTIONAL OWNERSHIP VESSEL 366251

OCEAN PEARL - FRACTIONAL OWNERSHIP VESSEL

ENHYDRA 400795

LADY TAMARA

1989 COMMERCIAL FIREBOAT 395878

1989 COMMERCIAL FIREBOAT

- 266631

SOBRE LAS OLAS

AURORA 264407

2000 CUSTOM DIVE BOAT

TORTUGA 274101

QUEEN SOUTH

BAHIRA II 275863

GOLDEN EAGLE

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yacht under 1 million

Luxury & Performance: 5 Motor Yachts Under $1 Million Ready for Adventure on the Water.

Jun 23, 2023

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Luxury yachts are every seafarer’s dream, but they don't have to remain a dream. With careful planning and research, you can find a luxury yacht that fits your lifestyle. Here are 5 luxury yachts under $1 million available right now:

1. D’PADRON - 2013 AZIMUT 58 FT FOR SALE (pictured above)

The D’PADRON is a sleek and stylish yacht that offers the ideal blend of luxury and comfort. This 58-foot Azimut boasts state-of-the-art amenities, including an open salon, a fully equipped galley, and three comfortable staterooms, and the flybridge offers a relaxing and spacious outdoor area that can seat up to 10 guests. The D’PADRON is priced at $849,000, making it an excellent choice for those looking for a high-quality yacht to begin their nautical adventures.

2. SATISFIED - 2008 SEA RAY 60 FT FOR SALE

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SATISFIED is an elegantly designed and well-equipped 60-foot Sea Ray yacht with plush interiors and impressive performance capabilities. With its three luxurious staterooms, spacious salon, and well-equipped galley, this yacht is perfect for family getaways and weekend outings. Additionally, the vessel comes with a hydraulic swim platform, tender garage, and fully equipped flybridge, for the ultimate luxury yachting experience. You can purchase this stunning yacht now for $849,000.

3. COCONUTS - 2022 TIARA YACHTS 38 FT FOR SALE

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With its innovative design and excellent performance, COCONUTS is a splendid 38-foot vessel from Tiara Yachts. The vessel offers a spacious layout, including a cozy salon, a fully equipped galley, and two comfortable staterooms. The outdoor experience is equally impressive, with a large cockpit and sun pad perfect for soaking up some rays. This stunning yacht can be yours for $765,000.

4. ANDI LYNN - 2019 INTREPID 40 FT FOR SALE

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Last on our list is the ANDI LYNN, a 2019 Intrepid 40-foot center console yacht that offers both luxury and performance. This yacht has a modern, sporty look and comes equipped with a spacious cockpit, comfortable seating, a fully equipped galley, and a cozy salon. The vessel's performance capabilities are also remarkable, thanks to fast and reliable outboard engines. You can purchase this stunning yacht for $665,000.

5. JOURNEY - 2016 TIARA YACHTS 45 FT FOR SALE

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JOURNEY is a 45-foot flybridge from Tiara Yachts that oozes luxury and elegance. Launched in 2016, this yacht is well-appointed with a spacious salon, fully equipped galley, and two comfortable staterooms. With ample indoor and outdoor seating options, the yacht's flybridge deck sports a wet bar, grill, and comfortable seating. You can purchase this sports yacht today for $735,000.

These yachts offer a range of options for individuals looking to enter the world of luxury yacht ownership. Each provides an exceptional experience by combining state-of-the-art amenities with the comfort of being on the water. Owning these high-quality yachts would be a dream come true for any nautical enthusiast.

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10 Yachts for Sale Under a Million

yacht under 1 million

Buying a pre-owned yacht offers the advantages of immediate availability and reduced cost compared to commissioning a new yacht. Also, the negotiation process saves money.

A luxury yacht that is already on the water also has a track record and charter history, which can be factored into your purchase decision. An existing vessel offers you the opportunity to refit her to your taste and needs, which is both faster and more cost effective.

We have selected for you our 10 yachts available for purchase for less than one million euros.

Catamaran Lagoon 620 : the comfort of a hotel for less than 1 million Euros

VPLP designed this luxury catamaran and paid particular attention to the details that make life on board a pleasure. A large number of windows brings natural light into every room; her large flybridge offers a 360° view and ample space for relaxation.

The Lagoon 620 is also the ideal boat for private crewed charter cruises. This catamaran is in a 6 cabin version, the future buyer should plan to add the necessary options to allow a suitable level of service for luxury charter. Our brokers will be there to advise you accordingly.

yacht under 1 million

Fountaine Pajot MY 44 catamaran: a 44′ yacht for sale for 900K€

A motor yacht in perfect condition, designed for long and extended cruises while remaining comfortable in hers 20m² salon, a fully equipped kitchen, a master suite with a large flat screen TV, not to mention hers 12m² flybridge that offers a breathtaking 360° view.

With her volume and level of finish, the Foutaine Pajot MY 44 can easily compete with monohulls of 15 meters and more.

All options and in perfect condition, this MY 44 is an opportunity not to be missed!

yacht under 1 million

Nautitech 47 Power : less than 1 million for the combination of comfort and speed

Careful and comfortable interiors. Large portholes surround the yacht and bring natural light into the large salon to enjoy a 360° view.

Hers XXL flybridge offers exceptional moments of relaxation with a large solarium, a lounge area with a bar and a steering position. The lines of the hull are optimized for a perfect finish, stability and comfort at sea whatever the speed.

The best finishes have been brought to the interior of this Nautitech 47 Power for an even higher quality. The proposed unit is in excellent condition!

yacht under 1 million

Privilège 585: a best seller yacht for sale for less than a million

Comfortable and elegant, this magnificent catamaran is suitable for cruising in the Mediterranean or in tropical waters.

She has all the amenities of a modern cruising catamaran with the highest standards for safe, comfortable and relaxing cruising. Her interior is fully air-conditioned and has stylish beechwood furnishings and contemporary luxury, all with a magnificent panoramic view.

Built in 24 units, the PRIVILEGE 585 has established herself as a “Best Seller” in terms of build quality, finishing touches and cruising usage.

yacht under 1 million

Fountaine Pajot Queensland 55: a stable yacht for sale at less than 1 million

Built on the experience gained with the Cumberland 46, the Queensland 55 has everything you could want in a boat. Indeed, she has a huge salon, which combines dining room, kitchen and navigation room, a deck, a large flybridge, spacious cabins and lighting that creates a refined atmosphere.

Capable of sailing at an impressive speed, it is a real pleasure to maneuver this Queensland 55 .

yacht under 1 million

Beneteau Oceanis 62 : a sailing yacht for sale below 800K€

First born of the range, the Oceanis Yacht 62 opens the door to a new art of sharing magical moments at sea. She is designed to be reassuring, balanced, maneuverable and elegant.

She is organized around a spacious saloon and private areas, bathed in light from the huge hull portholes.

This Oceanis 62 with hers luxurious design offers noble materials and exclusive cabinetry finishes.

yacht under 1 million

Lagoon 50 catamaran : a sailing catamaran for less than 700K€

This new yacht comes between the unavoidable Lagoon 450 & Lagoon 52. She is the seductive option for sailors looking for a large and modern marine boat.

Thanks to hers new visual identity, hers new rigging, she offers increased performance with a unique signature.

Hers large living spaces and hers panoramic vision are more than ever highlighted on this Lagoon catamaran 50 . This brand new catamaran will need to be customised with the options of your choice. Our sale brokers can give you tips on the best ones to had for an optimal charter revenue.

yacht under 1 million

Lagoon 570 : space, luxury and comfort for sale at less than 600K€

She is one of the best Lagoon ever designed for those seeking balance of space, luxury, comfort and performance.

This yacht is the perfect travel vessel for an adventurer or a family. The hull is relatively slim, the bows are slim which allows her to sail smartly even in light breezes.

This Lagoon 570 was originally owned by Mr Yvan Beneteau. She has therefore benefited from a particular attention from the shipyard with carbon reinforcements in the beams for example.

yacht under 1 million

Beneteau First Yacht 53: a performance sailing yacht for less than 500K€

This unit has been designed for the discerning owner and connoisseur for luxurious performance. The hull and helm balance provide a unique feeling, the circulation is fluid, the interiors are both marine and modern.

With the First Yacht 53 , the new First generation is on its way!

yacht under 1 million

Lagoon Catamaran 440 : the affordable catamaran for sale at less than 400 K€

The architects added on this yacht the latest technological developments of cruising multihulls. At first glance, it is obvious that great care has been taken in hers design: the lines are long and elegant, the shapes are dynamic, the spaces are cleverly used and the ergonomics are optimal.

The salon is a superb living space and offers a 360° panoramic view. The large windows in the hull of this Lagoon 440 bring a lot of natural light and offer an unparalleled view of the outside world while remaining discreet.

yacht under 1 million

Read also : Buying – Selling a yacht

There are many boats for sale on the market and you should find yours! If you haven’t found yet what you were looking for, do not hesitate to contact our team of professionals who will help you in your research.

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SYS Yacht Sales - New and Used Boats and Yachts or Sale

Used Yachts For Sale $1,000,000 – $5,000,000

Listed below are used yachts for sale worldwide from $1,000,000 – $5,000,000. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of luxury used yachts for sale, including long range cruisers, motor yachts, trawlers, express cruisers, center consoles, sailboats and everything in between. Search top brands like Horizon, Broward, Azimut, Ferretti, Sunseeker, Princess, Hatteras, Viking, Grand Banks and much more. Need assistance? Contact our experienced yacht brokers. We look forward to helping you find the yacht that's right for you.

2017 210' Sirena-64 Ancona, IT

MY KOKOMO 64' 2017

Mail

Custom J.J Schiffswerft

2022 200' 2'' Fountaine Pajot-Samana 59 Athens, GR

Fountaine Pajot Samana 59

1962 189' Custom-Passenger Ship Panama City, PA

Custom Passenger Ship

1992 186' Custom-Brooke Marine Cap Cana, DO

Custom Brooke Marine

1982 175' 6'' Custom-Displacement Twin Screw Flensburg, DE-SH, DE

Custom Displacement Twin Screw

Sanssouci star.

1982 175' 6'' Husumer Schiffswerft-Displacement Twin Screw Motor Yacht FLENSBURG, DE-SH, DE

Husumer Schiffswerft Displacement Twin Screw Motor Yacht

1991 170' Commercial-Crew Boat Merritt Island, FL, US

Commercial Crew Boat

2007 167' Custom-3 Masted Schooner Portsmouth, VA, US

Custom 3 Masted Schooner

2023 164' Alarnia-F164 Aerocat Fort Lauderdale, FL, US

Alarnia F164 Aerocat

1982 163' 9'' Tradewind-Lars Johansson Harlingen, NL

Tradewind Lars Johansson

2022 149' 11'' Fountaine Pajot-Tanna 47 Tivat, ME

Fountaine Pajot Tanna 47

2010 145' 6'' Superyacht-44m CUSTOM SUEZ MAX EXPLORER Valencia, ES

Superyacht 44m CUSTOM SUEZ MAX EXPLORER

Princess of palau.

1990 144' Heesen-145 Fort Lauderdale, FL, US

Abeking & Rasmussen RPH

1984 138' 9'' Custom-Built Tour/Dinner Yacht - Stock No. S2698 Kingston, ON, CA

Custom Built Tour/Dinner Yacht - Stock No. S2698

2009 138' Custom-LZ-140 Batumi, GE

Custom LZ-140

1991 137' 10'' Mondomarine-42m Dubai, AE

Mondomarine 42m

1994 137' 10'' Devonport-42m Athens, GR

Devonport 42m

2009 137' 10'' Motorsailer-MS 42 Athens Shipyards Athens, GR

Motorsailer MS 42 Athens Shipyards

1994 137' 10'' CMN-139 Montpellier, FR

Custom custom

Crucero amazonas.

2015 134' 6'' Custom-134 Bodrum, TR

Custom GULET

Cakiryildiz.

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Used Yachts for Sale Between $1000000 and $1750000

If you're looking for a pre-owned yacht for sale between $1 million and $1.75 million, SI Yachts has the expertise to assist you in choosing the perfect boat for your requirements. Whether heading offshore to hunt for billfish or cruising the east coast, there are many options available on the yacht brokerage market. This is where the personalized customer service and knowledge our team proves valuable to you as the customer.

Boats for sale under $1.75 million dollars online include brands like Azimut Yachts , Bertram Yachts , Ferretti Yachts , Galeon Yachts , Hatteras Yachts , Prestige Yachts , Princess Yachts , Sunseeker Yachts , Viking Yachts , and more! From New York, to Florida, and beyond, SI Yachts can assist you in the purchase or sale of a boat under $1,750,000. We look forward to earning your business! Contact us today at [email protected] or by calling one of our convenient locations . SI Yachts are also Licensed Florida Yacht Brokers.

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Used Yachts For Sale Between $1,500,000 and $2,000,000

Finding a used yachts for sale between $1,500,000 and $2,000,000 that fits your needs when it comes to number of passengers, horsepower, inside accommodations, and other features on board can be a challenge with so many options available on the market today. There are many types of boats available between $1.5m and $2m like  center-consoles ,  cruising yachts , motor yachts and  fishing boats , with many good options across all length ranges Still, there are plenty of opportunities with brands like  Sea Ray ,  Carver ,  Princess ,  Grand Banks ,  Meridian ,  Viking ,  Hatteras ,  Bertram , and others. Let the team at United Yacht Sales help you find the right vessel that fits your needs under $2 million.

Yachts $ 1,500,000 to $ 2,000,000

photo of 62' Sunreef 62-ARC 2018

Deo Juvante

62' Sunreef 62-ARC 2018

photo of 52' Windy SR52 Blackbird 2023

52' Windy SR52 Blackbird 2023

photo of 53' Scout 530 LXF 2020

53' Scout 530 LXF 2020

photo of 72' Princess Y72 2013

72' Princess Y72 2013

photo of 126' Custom 2021

126' Custom 2021

photo of 73' Sunseeker Manhattan 73 2014

73' Sunseeker Manhattan 73 2014

photo of 70' Hinckley 70 Souwester 1998

70' Hinckley 70 Souwester 1998

photo of 56' Privilege 510 Signature 2022

56' Privilege 510 Signature 2022

photo of 42' Scout 425 LXF 2022

42' Scout 425 LXF 2022

photo of 55' Sunseeker 55 Manhattan 2021

55' Sunseeker 55 Manhattan 2021

photo of 58' Merritt Sportfish 2001

58' Merritt Sportfish 2001

photo of 55' Ferretti Yachts 550 2023

55' Ferretti Yachts 550 2023

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Top 10 Downeast Boats - That You Can Buy for Under $1 Million

Many many years ago, as a young, enthusiastic, and energetic sailor, I had a conversation one evening with an old friend of my father's.

We sat on the engine box top of his motor yacht, quenching our thirst, in the setting sun. His hair, I remember was all white, skin like boot leather and a way of speaking which involved long pauses before even the shortest of his sentences were uttered. I was no doubt naive and honestly, probably rather blinded, by my then unbridled excitement for ocean racing.

I was intrigued and puzzled.

Here was a man I knew who had traveled in sailing yachts, extensively across oceans, before and after the last great war, regaling me with tales of his great passion for and his long experience of, voyaging under sail.

He was, however, rather astonishingly, I thought, ... telling me all this from the stern of a motor yacht which he now owned.

Completely incongruous ... I said to myself at the time!

Why, I asked him, do you own this vessel, when your eyes light up when reminiscing about sailing yachts?

He smiled and then .... after the mandatory long pause, replied: "You will young man someday, if you are fortunate, come to understand."

Fifty years later I possibly do!

Over the years, my reflexes have slowed, my desire to work the foredeck on a cold and windy night has abated some, and the word "easier" has increasingly edged into my conversations. I have learned to channel my energies more selectively. A good night's sleep in a level bunk is now far nearer the top of my mind and yes, I must admit, a large stable platform and the ability to really live...... below decks, while underway have all worked their way into my priorities.

The result is that I pay attention these days, more than ever, to a well built, commodious, power yacht. Having sold our larger sailing yacht, I have been investigating what should be next in the family. I have come to some conclusions!

I must also confess right up front that my eye is particularly drawn to those that have the lines of what most of us call a "down east" style. A low profile, lobster boat lines and slightly less yachty, more working boat look appeal to my nature.

Let me share some of these findings with you and even one or two (if you will permit) of my opinions!

There are many well-built power vessels available on the brokerage market these days.

For the purposes of this article, and reflecting some of my own priorities, I have been guided, (in addition to my prejudice toward my preferred style,) by considerations of quality construction and performance, good or at least reasonable resale value, a strong eye to roominess/comfort and a purchase price of less than 7 figures in US dollars.

I have limited my choice to 10 vessels and must, therefore, of necessity, omit some very good alternatives. I list my choices and comment on them in no particular order.

Are you looking for a downeast style yacht?

Contact David Walters Yachts for expert advice on locating the boat right for you.

Top 10 Downeast Boats  - That You Can Buy for Under $1 Million

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The Sabre line has a very solid reputation. Several of these vessels including the 48’ must be a serious candidate when the criteria outlined are all considered. In addition, the brand holds resale value, has well thought out accommodations and several recent design ideas integrated into the traditional look and interior finish. She is large enough to accommodate 2 couples in comfort, each with head and shower. The addition of a captain’s quarters below salon sole allow extra accommodations for crew/family members.

Her expansive foredeck is a great lounging area and her stern cockpit dining table and retractable rear cabin window creates a large outdoor living/entertainment space.

Market offering prices are affected by vessel conditions and options and can vary noticeably depending on the brand and style of the vessel's power. Pros/cons between the Volvo/pod combination, the Cummins/Zeus duo or more traditional straight shaft drives are important considerations here.

  • 48’ models on the brokerage market range from 2012 in the mid $600,000’s to very recent models at or just above $1 Million
  • Sabre 48 models on the brokerage market range from 2012 models in the mid $ 600,000s to very recent models that can reach as high as $ 1,400,000. There are generally a fair amount of options available, so buyers will have a nice selection to choose from.
  • Sabre models in the 40 to 46 size range vary in age and configuration but can be purchased as low as $300,000 for a good quality but older model.
  • Search Sabre Yachts for Sale

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The Hinckley Company has built a remarkable brand over the years. Their power line includes several vessels in the range of 44’to 55’.

Many Hinckley’s offered on the brokerage market are available at prices which are now more economical, relatively speaking, than at new.

The name brand, the associated appeal to some buyers, the quality of construction and the classic appearance overall, over the decades, maintained their attraction to a segment of the market. For this reason, they are rarely advertised at bargain prices although occasionally examples of this brand come on brokerage, usually due to seller circumstances, at prices which make them within reach of the value buyer.

Again condition, options and maintenance history are always factors. Power plant options are an interesting aspect of these vessels as more and more alternatives become available on the brokerage market, including electronic diesel-jet drive combos.

  • 55’ Talaria 2005-6s offered at slightly over and slightly under $1 Million.
  • 44' Talaria models, 2003-8, offered at $500-800,000.
  • Search Hinckley Yachts for Sale

GRAND BANKS/EASTBAY

Image 0979:

The Grand Banks name has been among the honor gallery for pleasure motor yachts for many years resulting in part from its original line of wood, classic trawler style vessels. Brand construction was converted to fiberglass as this material took its place among boat builders. Eventually the "Classic" design was transformed into the more modern East Bay line, keeping of course a "Down East "look. The vessels have a reputation for quality build, sea kindliness, fine finish and have an enthusiastic and substantial following.

One extremely interesting aspect of this brand is the large number of 40-55 ft vessels of both the classic and East Bay version that are available literally around the world. One can buy a GB and start an adventure from most major international yacht centers, a demonstration of their popularity as a brand and proof of how widely known and accepted they are. The variety of models in this size range also allows a purchaser almost any interior configuration that suits and, in a vintage/price point acceptable. 

Grand Banks hold their value well and many of the more popular models are, it seems, always available in brokerage. Newer vintages are now appearing on the resale market with pod drives and seakeepers. The classic line trawlers are numerous on the market and ones in very good condition can be acquired at very reasonable prices.

  • 44’ East Bay from $300,000 to about $1M based on model years ranging from 2003-2017
  • The larger models, with sizes in the range of 50 ft, are also available for well under $900,000
  • Search Grand Banks Yachts for Sale

  WESMAC

Image 0985:

The Wesmac brand has a reputation as a very well built, seagoing, commercial grade vessel and as a general statement their pricing reflects that. They are considered my many howeveras not as "yachty" as other brands and tend toward a more serviceable finish and appearance.

The design involves more rear deck working space, with a lobster boat set of lines and not surprisingly less interior cabin space and fewer accommodations than other brands. That said many have been built/converted to yachts, providing owners who wish to spend more time offshore, with sturdy reliable service and less fancy maintenance.

Most on the brokerage market are economical single diesel engine models, although a few twin power do exist. All are straight shaft. Vessels in some lengths are available in fly bridge models in addition to the traditional lobster boat and express design.

Pricing covers a broad range with:

  • 1998 36’ traditional lobster boat design at $260,000
  • 2008 flybridge model at $800,000
  • 2018 46’ for just over $1 Million
  • Search Wesmac Yachts for Sale

                                          

Image 0978:

Bruckmann is perhaps less well known than others referred to here but among those who do know them these vessels garner great respect. Builders of both power and sail vessels, the power line tends to the down east styling and is frankly reminiscent of the Talaria from a distance. The largest power production model is the 40' classic, a few of which do come on the brokerage market occasionally.

They are smaller than the other yachts mentioned in this article (being designed around a single double berth cabin) but with a large, airy salon and rear cockpit deck. Single diesel, straight shaft drives and a very nice interior finish cap off a strong and pleasing looking vessel.

  • 2012 Bruckmann 40 version, located in freshwater, low hours, in very good condition, priced at $650000
  • Search Bruckmann Yachts for Sale

Image 0982:

The MJM line burst upon the power yacht scene some years ago, conceived by a very experienced builder, with several new ideas about what would interest older sailors, moving to power. The result was a line of yachts that could perhaps be best described as a "modern version of the old "Down East". Low in profile, slightly reminiscent of a working fishing boat, bright, airy, open space, soft lines and just a hint of being ahead of its design day. Big on the "deck to interior salon space" concept, with a more compact approach to state rooms, a no wood exterior and a less woody interior, means the MJM has trimmed back vessel maintenance, with an eye to not interfering with cocktail hour. Modern strong materials are used throughout.

She will get you there quickly with the planning hull and lots of power. Speaking of power, and depending upon size, these boats are available with diesel straight shaft or stern drives with some of the newer ones featuring pods (Cummins or Volvo IPS). All come with a joystick for easy maneuvering and a design intended to accommodate shorthandedness.

All this comes, however, with a price!

These vessels are available in a broad range of sizes starting from 30’ (they call it 29z) and growing to 56’ in length (the 53z). The larger versions' pricing, both new and used, will well exceed 6 figures. In order to stay under $1M on the brokerage market, some combination of experience and size must be considered. In my opinion the 36z model (which is 39’ LOA) is probably the minimum size that would allow a couple to cruise extendedly, in some comfort.

  • 36z 2012-13 versions offered at about $560,000
  • 40z models (LOA 44’) an '09 and an '11, offered between $650,000 - $850,000
  • Search MJM Yachts for Sale

LITTLE HARBOR

Image 0981:

Little Harbor yachts must be mentioned here, although availability is an issue. They rate extremely high on the price / quality ratio even though new vessel production ended years ago. The Little Harbor is simply a great boat. Most come with the Whisper Jet Drive, but some are available with a diesel straight shaft.

Built for several years by Ted Hood's Company, then constructed overseas, these boats were well designed, well-built and very nicely finished. Although there was the odd one built to 52’ LOA, most of the production line vessels were in the 32’ to 44’ size.

The interior is really designed for one couple cruising, with its single double cabin forward and convertible dinette.

The 42’, 40’and 38’ versions are similar in layout, slightly smaller but of equal quality of course. The Yanmar diesels with shaft or Jet drives, interior yacht finish, a good ride, and a reputation for reliability all produce a beautiful "down east" looking little ship.

Brokerage LH boats, in the range of 15-20 years old, should have their condition and level of maintenance thoroughly verified. Any owner must also know that future care would be very important here. Pricing with these vessels is a very pleasant surprise for this quality.

  • 44’ versions are advertised for under $300,000 and go down from there
  • Prices as low as $125,000 for the smaller models are available
  • Search Little Harbor Yachts for Sale

Image 0977:

This venerable American yacht designer and his products are well known to those of us with some miles under our keel. A standout with sail he eventually was in involved in the production of some very fine power vessels.

These again are a line of yachts that, sadly, are no longer produced, but are part of the well designed, well-built genre of yesteryear still available through resale. All construction was, for its day, first class with traditional interior wood finish and a relatively (by todays standard) simple layout.

These vessels are part of American nautical history and as such, most have been exceptionally well maintained, a reflection of the sophistication of their ownership. All are diesel powered with, of course, straight shaft, as was their time. 

  • 1999 40’ Express is a one cabin optional layout with Yanmar power, 2600 hours and a very fine finish with impressive maintenance, listed at $375,000
  • 2005 49’ Express is also a one stateroom vessel, designed to be very roomy and commodious, both below and in the main salon. The 2 Cummins engines have only 1650 hours on them and the interior is impeccable. She is listed at $540,000
  • 56’ Flybridge is a 2 stateroom layout with a roomy fine interior, also apparently well maintained, she is powered by twin Caterpillar diesels, with only approx. 1900 hours on them.
  • Search Alden Yachts for Sale

Quality from a few years ago, standing the test of times, at very attractive prices!

                              

Image 0986:

Vicem Yachts are built in Turkey by an established company, family owned. They are not as well-known as many other brands in North America but do have traditional "downeast" good looks and a quality build.

Their traditional construction is composite, cross layered epoxy soaked mahogany strips encased with fiberglass mat and resin. They now can build in cored fiberglass, but this is relatively recent and therefore most vessels on the brokerage market are the composite. The joinery is of a high standard and finished in traditional woods. The vessels are all outfitted with world class mechanical, electrical, plumbing, communications and navigation equipment, with buyer choice as to diesel engines, straight shaft or pod drives. They also boast the ability to modify any layout of their production models to accommodate much of what a new buyer may wish to change.

The builder also provides North American warranties and support. One of the great attractions of this line is pricing, both as to new and on resale. The builder can take advantage of local Turkish labor rates to produce, out of the door, vessels at extremely competitive prices, when compared to the other yachts listed in this article.

This has a trickledown effect on prices in the brokerage market. Provided, as with all used vessels, that she has been well maintained, and that in particular, any additions to hull or decks have been done properly to ensure no water intrusion, these boats can be an attractive alternative.

Another advantage is that there are several choices on the brokerage sheets, sometimes at prices which vary greatly, even as between similar sizes. This builder builds production models from about 33’ up to about 70’ with larger vessels currently being custom.

  • 2005 54’ at $575,000
  • 2007 55’Classic at $580,000
  • 2003 51’at $540,000
  • A virtually new 2019 46’ Classic is available and could possibly be purchased for about $995,000
  • Search Vicem Yachts for Sale

    

Image 0983:

For those of you who appreciate a little Italian flair with your traditional "down east" vessel there is this very stylish option, Rivolta. This line of vessels is designed and built in Sarasota, FL by a family with old country origins. With a deep history in sailing, racing power boats and entrepreneurship, the company principals have developed their range of power yachts with a distinctly European flair.

The hull and superstructure retain the typical lines of their down east sisters but the finish and interior styling trend closer to what we see in many modern vessels from "on the continent." These boats as new are available in a range of sizes, all built with local quality construction, world class equipment and are powered with diesels engines of your choice. Interiors are, in keeping with the overall design approach, less "woody", more bright light/white color and more open feeling than some others of their hull style. These are yachts which are a step out in a slightly different direction, but not so far as to be beyond appeal to a typical "downeast" owner.

Two of their most popular vessels are the 44’ Coupe, a 2 cabin 2 head vessel with room and openness. Some were built with diesel- jet drives, an expansive open rear deck with opening transom and large swim platform. The 40’ Coupe, a 2 cabin 1 head vessel, twin diesel power, comes with all the basic accommodations you would expect from a yacht this size.

  • 2009 44’ Coupe with diesels - jet drives at $339,000
  • 2012 44’, straight shaft diesels, at $360,000
  • Several 2005 41’ Coupes at about $225,000
  • Search Rivolta Yachts for Sale

 Larry Pringle

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For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

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Search for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport .

Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale .

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10 Surprisingly Fancy Yachts For Under 1 Million Dollars

  • Luxury Yachts & Boats

Super Luxury Yachts For Under 1 Million Dollars

When it comes to splashing money we all know that the rich tend to spend a lot on luxury cars and yachts, but let’s see what are their reactions to this list of luxury yachts for under 1 million dollars.

Created to amaze the yacht world, these listings are surprisingly generous when it comes to amenities and features that form a luxury yacht.

With a price range for those who like an extravagance, but have a consciousness regarding how much money they want to spend on water accessories, the yachts come for under 1 million.

Let’s see what can these super yachts offer and what comes with such a low price!

10. Rendezvous Yacht, Broward Marine, 1991

From the rich side of the port we spotted our first contender for a luxury yacht under 1 million dollars, the “Rendezvous”.

Costing $995,000, the luxury yacht has almost 31 meters and was built in 1991 by Broward Marine.

After a 1994 readjustments and another 2007 refit the beautiful yacht is now for sale and could be found for less than one million dollars.

Equipped to accommodate 6 guests and 4 crew members, the yacht has a maximum speed of 14 knots generated by two Detroit Diesel engines.

The luxury yacht has a master cabin, a double cabin and a twin cabin, all of them being fully furnished with fancy fixtures and modern details, to which we add several dining spaces both outdoor and indoor, created for the guest to enjoy even a rainy calm day.

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Why the U.S. put a $1 million bounty on a Russian yacht’s alleged manager

On Sept. 3, 2020, the staff of a $90 million yacht placed an order with a U.S. company for a set of luxury bathrobes that came to $2,624.35.

For roughly two years before that, according to federal prosecutors, the yacht’s management had been falsely claiming it was working for a boat named “Fanta.” But the luxury bathrobes came embroidered with a monogram that, prosecutors said, revealed the yacht’s true identity: “Tango.”

That was a problem, officials say in court papers, because Tango was owned by a Russian billionaire under U.S. sanctions, and doing business on his behalf violated federal law.

Late last month, U.S. authorities unveiled a $1 million reward for information leading to the arrest and or conviction of the man they say was running the yacht staff and orchestrated the deception with the robes — Vladislav Osipov, 52, a Swiss-based businessman from Russia. In a new indictment , federal prosecutors say Osipov misled U.S. banks and companies into doing business with the Tango yacht despite the sanctions on the Russian owner, whom the Justice Department has identified as billionaire Viktor Vekselberg .

Osipov has denied the allegations. Osipov’s attorney has said that the government has failed to demonstrate that Vekselberg owned the yacht, and that its management was therefore not a sanctions violation.

The reward offer for Osipov reflects the latest stage in the evolution of the West’s broader financial war against Russia two years into the war in Ukraine, as the United States and its allies increasingly target intermediaries accused of enabling Russian oligarchs to circumvent sanctions.

Many Russians close to President Vladimir Putin have been under sanctions dating to 2014, when Russia seized Crimea from Ukraine and sent proxy forces into that country’s eastern Donbas region. When Russia invaded Ukraine in 2022, President Biden vowed to deal a “crushing blow” with a barrage of new sanctions on financial institutions, industries, business executives and others tied to the Kremlin. But roughly two years later, Russia’s economy has proved surprisingly resilient after the nation poured tens of billions of dollars into ramping up its military industry. Moscow has also worked around the sanctions, finding new third parties to supply it with critical military and industrial hardware, as well as countries beyond Europe to buy its oil.

Now, the West is trying to increase the reach of its sanctions by digging deeper into Russian supply chains. Late last month, the Treasury Department announced more than 500 new sanctions targeting Russia , primarily on military and industrial suppliers. The Justice Department also announced charges against two U.S.-based “facilitators” of a Russian state banker who is under sanction, as well as the guilty plea of a dual national based in Atlanta who was accused of laundering $150 million through bank accounts and shell companies on behalf of Russian clients.

Prioritizing criminal charges against — and the arrests of — Western employees of Russia’s elites represents a new escalation of the U.S. financial war against Putin, experts say. One Moscow businessman, speaking on the condition of anonymity for fear of retribution, said many influential Russians are concerned about the arrest of two associates of Andrey Kostin, the head of VTB, Russia’s second-biggest state bank. These associates, Vadim Wolfson and Gannon Bond, were charged with helping Kostin evade sanctions by maintaining a $12 million property in Aspen, Colo., for Kostin’s benefit while concealing his ownership. Kostin has said that the charges of sanctions evasion against him are “unfounded” and that he has not violated any laws . Bond has pleaded not guilty; Wolfson hasn’t made an initial court appearance yet.

Wolfson, also known as Vadim Belyaev, had been a Russian billionaire until the Russian government took over his bank in 2017. Bond, 49, is a U.S. citizen from Edgewater, N.J. For all Russians living abroad and working with people in Russia, the threat of criminal charges is a much more worrying prospect than the sanctions imposed by the Treasury Department last month against hundreds of individuals and entities, the businessman said, in part because sanctions are far easier to dodge than criminal charges.

“What you have seen through today’s public announcements are our efforts at really targeting the facilitators who possess the requisite skill set, access, connections that allow the Russian war machine [and] the Russian elites to continually have access to Western services and Western goods,” David Lim, co-director of the Justice Department’s KleptoCapture task force, which is tasked with enforcing U.S. sanctions over Russia’s invasion of Ukraine, told reporters last month.

Thad McBride, an international trade partner at the law firm Bass Berry & Sims, said the crackdown on intermediaries reflected the natural evolution of the U.S. sanctions campaign in response to Russian adjustments.

“It seems to me they have gone through a comprehensive list of the oligarchs, and you can debate whether or not it’s had a meaningful impact on the Russian war effort,” McBride said. “Because they’re getting smarter about who’s who, they’re finding other people who play meaningful roles in these transactions, even though they’re not showing up in the headlines.”

The charges against Osipov related to his alleged management of the Tango yacht illustrate the mounting potential consequences for people in Europe and the United States who attempt to do business with Russians targeted by Western allies, as well as the opaque structures allegedly employed by those seeking to evade sanctions.

With a net worth estimated by Forbes in 2021 at $9 billion, Vekselberg, 66, has long drawn scrutiny from the West — and sought to safeguard his wealth. He made his initial fortune in aluminum and oil in Russia’s privatization of the 1990s and then expanded into industrial and financial assets in Europe, the United States and Africa, with Putin’s blessing. In addition to the yacht, federal prosecutors say, Vekselberg acquired $75 million worth of properties, including apartments on New York’s Park Avenue and an estate in the Long Island town of Southampton.

Vekselberg, who declined to comment for this article, has not been criminally charged by the Justice Department. In a 2019 interview with the Financial Times, he denounced the sanctions as arbitrary and harmful for international business, saying he had been targeted just because he was Russian and rich and knows Putin.

In April 2018, the Treasury Department under the Trump administration sanctioned Vekselberg and six other Russian oligarchs as part of broader financial penalties over the Kremlin’s invasion of Crimea, support for President Bashar al-Assad in Syria and interference in the 2016 U.S. presidential election. Vekselberg was also targeted for his work for the Kremlin as chairman of the Skolkovo Foundation, an attempt to create Russia’s version of the Silicon Valley — evidence that appeared to undermine the Russian businessman’s claims that he operated independently of the Kremlin.

But with Vekselberg’s payments monitored by U.S. banks, according to the federal indictment , Osipov used shell companies and intermediaries to avert the bite of sanctions. Vekselberg kept other major assets out of the reach of U.S. authorities by making use of the Treasury Department’s 50 percent ownership rule, which stipulates that it is illegal to transact with firms only if an owner under sanction controls more than 50 percent of the business.

For example, a month after Treasury imposed sanctions on Vekselberg in April 2018, his Renova Innovation Technologies sold its 48.5 percent stake in Swiss engineering giant Sulzer to Tiwel Holding AG, a group that is nevertheless still “beneficially owned” — meaning, owned in practice — by Vekselberg through Columbus Trust, a Cayman Islands trust, according to Sulzer’s corporate filing. Vekselberg’s longtime right-hand man at Renova, Alexei Moskov, replaced one of Vekselberg’s direct representatives on the board. Moskov told The Washington Post that he stepped down from all his executive positions at Renova Group in 2018 after U.S. sanctions were first imposed and from that moment ceased to be Vekselberg’s employee.

The attempts to circumvent the sanctions appear to have found some success in the U.S. legal system. Columbus Nova, a U.S.-based asset management fund controlling more than $100 million in assets in the U.S. financial and tech industry, is run by Vekselberg’s cousin, Andrew Intrater. The firm battled for more than two years to lift a freeze on Columbus Nova’s assets, imposed by Treasury’s Office of Foreign Assets Control because of the sanctions on Vekselberg, and won, reaching a settlement agreement with the Treasury Department. After renaming itself Sparrow Capital LLC, Columbus Nova successfully argued that Intrater — not Vekselberg — owns the fund. Intrater argued that the company was 100 percent owned by U.S. citizens and that no individual or entity under sanction held any interest in it. Intrater said Columbus Nova had earned fees for managing investment funds owned by Renova. He said he had repeatedly told Treasury he would not distribute any funds to Vekselberg.

Now Osipov, the alleged manager of Vekselberg’s $90 million yacht, is attempting a similar argument as U.S. authorities seek his arrest on charges of bank fraud, money laundering, conspiracy to defraud the United States, and violations of sanctions law.

The federal indictment states that the Tango was owned by a shell corporation registered in the British Virgin Islands that was in turn owned by several other companies. The Virgin Islands shell company, authorities say, was controlled by Osipov, who also served in senior roles for multiple companies controlled by Vekselberg. U.S. officials also say Vekselberg ultimately controlled the other companies that owned the Virgin Islands shell company.

According to the indictment, a Tango official instructed a boat management company in Palma de Mallorca, Spain, to use a false name for the yacht — “Fanta” — to disguise its true identity from U.S. financial institutions and firms, which try to avoid doing business with an entity or person under sanction.

Working at Osipov’s direction, according to the indictment, employees for Tango bought more than $8,000 worth of goods for the yacht that were unwittingly but illegally processed by U.S. firms and U.S. financial institutions, including navigation software, leather basket magazine holders provided by a bespoke silversmith, and web and computing services. The management company running Tango, run by Osipov, also paid invoices worth more than $180,000 to a U.S. internet service provider, federal prosecutors say.

The Tango was seized by the FBI and Spanish authorities in the Mediterranean not long after Russia invaded Ukraine in 2022, and Osipov was first indicted last year. The owner of the Spanish yacht management company hired by Osipov, Richard Masters, 52, of Britain, was criminally charged last year by federal prosecutors with conspiracy to defraud the United States and violating federal sanctions law. A request for comment sent to Masters’ firm was not returned.

But in recent court documents, Osipov’s attorney argues that the yacht was not more than 50 percent owned by Vekselberg, and that the government hasn’t demonstrated it was. Barry J. Pollack, an attorney at Harris, St. Laurent and Wechsler, also says the government never warned Osipov of its novel and “unconstitutional” application of federal sanctions law.

“The government points to no precedent that supports its extraordinary interpretation and cites no authority that allows the traditional rules of statutory construction to be turned on their head,” Pollack wrote in a defense filing. The filing adds: “[Osipov] is not a fugitive because he did not engage in any of the allegedly criminal conduct while in the United States, has never resided in the United States, did not flee from the United States, and has not concealed himself.”

Still, the State Department’s Transnational Organized Crime Rewards Program has said it will provide up to $1 million for information leading to Osipov’s arrest, warning that he may visit Herrliberg, Switzerland; Majorca, Spain; or Moscow.

The case demonstrates the extent of the U.S. commitment to tighten the screws on those seen as aiding Russian elites, even if they themselves are not closely tied to the Kremlin.

“When DOJ levels legal action against an individual or entity, they have quite a bit of evidence, especially because the threshold to press charges for money-laundering and sanctions evasion is so high,” said Kim Donovan, director of the Economic Statecraft Initiative within the Atlantic Council’s GeoEconomics Center. “We’ve had quite a bit of experience targeting Russia directly, and what you’re starting to see is the U.S. go after the facilitators enabling sanctions evasion. That’s where the U.S. is focusing its efforts right now.”

yacht under 1 million

yacht under 1 million

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Luxury Yacht Industry Report 2024: 75-120 Feet Yachts Accounts for the Largest Segment - Global Forecasts to 2032

Dublin, March 14, 2024 (GLOBE NEWSWIRE) -- The "Luxury Yacht Market Report by Type (Sailing Luxury Yacht, Motorized Luxury Yacht, and Others), Size (75-120 Feet, 121-250 Feet, Above 250 Feet), Material (FRP/ Composites, Metal/ Alloys, and Others), Application (Commercial, Private), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global luxury yacht market size reached US$ 7.9 billion in 2023. The market is projected to reach US$ 16.9 billion by 2032, exhibiting a growth rate (CAGR) of 8.82% during 2023-2032

The increasing wealth among affluent individuals and their interest in exclusive leisure activities, the growing emphasis on experiential luxury, and the expansion of marine tourism and the advent of luxury charter services are some of the factors that are propelling the market. A luxury yacht is a highly sophisticated vessel that combines performance, comfort, and style, catering to the tastes of affluent individuals. Often ranging from under one hundred feet to several hundred feet in length, these yachts are characterized by elegant design, state-of-the-art technology, and remarkable amenities. Equipped with advanced navigation systems, powerful engines, and intricate craftsmanship, ensuring optimal functionality and aesthetic appeal.

The working mechanism involves the seamless integration of various systems, such as propulsion, stabilization, communication, and entertainment, to provide an unparalleled sailing experience. They are commonly used for private leisure activities, offering privacy, freedom, and a personalized experience. Besides as modes of transportation, these yachts are utilized as a symbol of status and luxury, featuring amenities such as Jacuzzis, gyms, cinemas, and fine dining facilities. The global market is primarily driven by the increasing wealth among affluent individuals and their interest in exclusive leisure activities. In line with this, the rise in private charters and a preference for customized, high-end designs tailored to individual tastes are also providing an impetus to the market.

Moreover, the burgeoning tourism industry and the desire for remote, luxurious travel experiences are also acting as significant growth-inducing factors. In addition to this, technological advancements in navigation, propulsion, and on-board entertainment are resulting in an enhanced appeal for these vessels. The market is further driven by strategic partnerships and collaborations among yacht manufacturers and designers.

Some of the other factors contributing to the market include the increasing importance of status symbols among the elite, the influence of global travel trends on luxury spending, the development of advanced docking facilities and extensive investment in research and development (R&D) for innovative yacht features and technologies.

Competitive Landscape The major yacht manufacturers are heavily investing in research and development. This investment is focused on introducing innovative features, enhancing the sustainability of yachts, and incorporating cutting-edge technology such as advanced navigation systems, hybrid propulsion, and personalized on-board entertainment solutions. In line with the trend towards experiential luxury, many yacht manufacturers are emphasizing customization.

They are working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners. As sustainability becomes a key concern for consumers, leading yacht manufacturers are working towards developing eco-friendly models, including the use of renewable energy, sustainable materials, and energy-efficient designs. They are also working closely with clients to create tailor-made yachts with unique designs and features that reflect the individual tastes and lifestyles of their owners.

North America exhibits a clear dominance, accounting for the largest luxury yacht market share North America's luxury yacht market thrives on the significant population of high-net-worth individuals who prioritize exclusive leisure experiences. The region's affluent clientele, renowned for their discerning tastes and desire for opulent living, fuel the demand for luxury yachts as the epitome of sophisticated indulgence. Moreover, the well-established yachting infrastructure in North America plays a pivotal role in supporting and nurturing the luxury yacht market. The presence of world-class marinas, state-of-the-art shipyards, and a plethora of supporting services, ranging from yacht maintenance to concierge assistance, ensures a seamless and lavish yachting experience for clients. This infrastructure not only enhances the convenience of yacht ownership but also fosters a thriving ecosystem for yacht enthusiasts. Furthermore, the augmenting demand of cruising along the coasts and islands of North America along with the experience of luxurious waterfront destinations contributes to the market growth in the region. As a result, North America offers a diverse range of cruising opportunities that appeal to the elite travelers seeking extraordinary and unforgettable journeys.

Key Questions Answered in This Report

What was the size of the global luxury yacht market in 2023?

What is the expected growth rate of the global luxury yacht market during 2024-2032?

What are the key factors driving the global luxury yacht market?

What has been the impact of COVID-19 on the global luxury yacht market?

What is the breakup of the global luxury yacht market based on the type?

What is the breakup of the global luxury yacht market based on the size?

What is the breakup of the global luxury yacht market based on material?

What is the breakup of the global luxury yacht market based on the application?

What are the key regions in the global luxury yacht market?

Who are the key players/companies in the global luxury yacht market?

Key Attributes:

Competition Analysis

Alexander Marine International

Azimut - Benetti S.P.A.

Brunswick Corporation

Christensen Shipyards LLC

Damen Shipyards Group N.V.

Feadship Holland B.V.

Fincantieri S.p.A. (CDP Industria S.p.A.)

Heesen Yachts Sales B.V.

Horizon Yacht USA

Palumbo Group S.P.A

Princess Yachts Limited

Sanlorenzo S.p.A.

Sunseeker International (Wanda Group)

Viking Yacht Company

Luxury Yacht Industry Segmentation: Breakup by Type:

Sailing Luxury Yacht

Motorized Luxury Yacht

Breakup by Size:

75-120 Feet

121-250 Feet

Above 250 Feet

75-120 feet accounts for the majority of the market share

Breakup by Material:

FRP/ Composites

Metal/ Alloys

Breakup by Application:

Breakup by Region:

North America

United States

Asia-Pacific

South Korea

United Kingdom

Latin America

Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/2syae1

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Italy's Cucinelli posts 39% jump in 2023 EBIT, confirms guidance

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You can’t cover up the truth — not even in a luxury robe.

The US government is offering a reward of up to $1 million for a businessman who allegedly helped a Russian oligarch’s yacht circumvent sanctions — until the scheme was revealed by an order for monogrammed bathrobes.

Swiss-based businessman Vladislav Osipov, 52, is wanted on charges including bank fraud, money laundering and conspiracy for his role as a high-level employee of billionaire Viktor Vekselberg, the Justice Department announced last month .

A few months after Vekselberg was sanctioned by the US government in April 2018, Osipov allegedly instructed a boat management firm in Spain to disguise his $90 million yacht, Tango, by referring to it as the Fanta, the federal indictment stated.

Vladislav Osipov is wanted by the federal government.

At Osipov’s instruction, yacht employees used the false name to buy thousands of dollars worth of goods and services that were processed by US companies and financial institutions that would otherwise have refused to do business with a sanctioned buyer, the document alleged.

In addition to navigation software, leather magazine holders and web services, the management company running the Tango shelled out over $180,000 to a US internet provider, the feds said.

But a smoking gun appeared on Sept. 3, 2020, with the purchase of $2,600 monogrammed luxury robes — that gave away the Fanta’s real name, Tango.

The company ordered a second set of robes the following year, which contained explicit instructions that the ship should be referred to as Fanta on the invoice, even though the robes themselves bore a different name, the indictment read.

The Tango was seized in the Mediterranean by the FBI and Spanish authorities shortly after Russia invaded Ukraine in February 2022, the Washington Post reported.

Osipov was initially indicted last year, documents showed. The owner of the Spanish management company, Richard Masters, was charged with conspiracy to defraud the US and violating federal sanctions, the Washington Post added .

As of late February, the Justice Department is offering up to $1 million for information leading to Osipov’s arrest.

The scheme to conceal the Tango's real ownership was thwarted by an order for monogramed bathrobes.

The Swiss-based former Russian citizen may be in Herrliberg, Switzerland; Majorca, Spain; or Moscow, the feds warned.

The charges against Osipov are indicative of the government’s increased interest in expanding the reach of sanctions against Russian interests by targeting Western associates, the Washington Post suggested.

Just last month, the Justice Department announced charges against two stateside “facilitators” who supposedly helped Russian bank head Andrey Kostin conceal his ownership of a $12 million Aspen, Colo., property, the outlet noted.

A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. U.S. federal agents and Spain's Civil Guard are searching the yacht owned by a Russian oligarch. The yacht is among the assets linked to Viktor Vekselberg, a billionaire and close ally with Russia's President Vladimir Putin, who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets, according to U.S. Treasury Department documents. All of Vekselberg's assets in the U.S. are frozen and U.S. companies are forbidden from doing business with him and his entities. (AP Photo/Francisco Ubilla)

The threat of criminal charges, the Washington Post said, is more concerning to Russians living and working in the West than the slew of Treasury Department sanctions.

“What you have seen through today’s public announcements are our efforts at really targeting the facilitators who possess the requisite skill set, access, connections that allow the Russian war machine [and] the Russian elites to continually have access to Western services and Western goods,” David Lim, co-director of the Justice Department’s KleptoCapture task force, said last month.

Vladislav Osipov's lawyer argued that the charges against him are "unconstitutional.."

“It seems to me they have gone through a comprehensive list of the oligarchs, and you can debate whether or not it’s had a meaningful impact on the Russian war effort,” Thad McBride, an international trade partner at the law firm Bass Berry & Sims, told the Washington Post.

“Because they’re getting smarter about who’s who, they’re finding other people who play meaningful roles in these transactions, even though they’re not showing up in the headlines.”

Vekselberg, 66, has previously complained that he is unfairly targeted by US sanctions simply because he is Russian, wealthy, and connected with President Vladimir Putin, the newspaper said.

According to the documents, Osipov also helped Vekselberg use the shadow entities to circumvent the Treasury Department’s 50 percent ownership rule, which makes it illegal to do business with a firm if the sanctioned owner controls over 50 percent of the company.

Osipov’s attorney, Barry J. Pollack, argued that the Tango was not more than 50% owned by Vekselberg, and that the government’s application of the federal sanctions in this case was “unconstitutional.”

“The government points to no precedent that supports its extraordinary interpretation and cites no authority that allows the traditional rules of statutory construction to be turned on their head,” Pollack wrote in the opposition filing.

Pollack also insisted that his client is not a fugitive because he never engaged in illegal activity on US soil and never lived there.

Pollack did not immediately return The Post’s request for a comment.

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Vladislav Osipov is wanted by the federal government.

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Russian Oligarch’s Yacht Is Costing $1 Million a Month; Here’s Why US Is Struggling To Sell It

Eduard Khudainatov, one of Russia's oligarchs and the former CEO of Russia's state-owned oil company Rosneft, is hardly in the news. However, that changed when the US authorities identified him as the proxy owner of two mega-yachts -- the 459-foot Scheherazade, and the 348-foot Amadea.

The battle over the 348-foot Amadea began in April 2022 when the Department of Justice found that the mega-yacht was actually owned by sanctioned Russian gold mogul Suleiman Kerimov, and said that Khudainatov acted as a "clean, unsanctioned straw owner." Amadea was later seized by the US authorities from the Russian oligarch in Fiji.

Khudainatov appeared to own the ships on paper and concealed the true owners -- President Putin and Kerimov. The government mentioned that his disguised ownership of Amadea was made possible through shell companies and other owners. 

Now, the U.S. Department of Justice is seeking permission to sell the $230 million yacht Amadea, due to the "excessive costs" of maintenance and crew. The DOJ also mentions that Kerimov had been looking to sell Amadea for years.

"This is not a situation in which a court would be ordering the sale of a precious heirloom that a claimant desperately wishes to keep for sentimental reasons," the government said in filings.

The U.S. is currently spendng about $1 million per month as the maintenance cost for the mega-yacht. It reportedly takes $600,000 per month for running, $360,000 for the crew, $75,000 for fuel, and $165,000 for maintenance, which includes waste removal, food, and other expenses. They also pay $144,000 in monthly pro-rata insurance costs and special charges including dry-docking fees, at $178,000, bringing the cost of maintenance to a total of $922,000 to be precise, as per CNBC.

"It is 'excessive' for taxpayers to pay nearly a million dollars per month to maintain the Amadea when these expenses could be reduced to zero through interlocutory sale," the government said in recent court filings.

However, in recent court filings, Khudainatov’s attorneys have objected to the selling of the yacht, saying the sale could lead to a distressed sale price, and also that the maintenance cost was nothing considering the value of the yacht. 

The costs that the government is incurring shed light on the legal challenges of seizing as well as selling assets owned by Russian oligarchs after the country invaded Ukraine. Ursula von der Leyen, President of the European Commission, said that the EU really should use the profits from more than $200 billion of frozen Russian assets to fund Ukraine’s war effort. Her comment represents the collective sentiment and many wanted the yachts, private jets, and mansions of Russian billionaires frozen in the hope of putting pressure on the Russian President. 

As per CNBC, even if the yacht is sold , the proceeds will not go to the U.S. government, as the money will be held while Khudainatov and the government continue their battle in court. This luxury yacht featured a lobster tank, a hand-painted piano, a swimming pool as well as a huge helipad. It was built in 2017 by the German company Lurssen and is the 63rd-largest yacht in the world.

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Russian Oligarch’s Yacht Is Costing $1 Million a Month; Here’s Why US Is Struggling To Sell It

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