The Alfa Nero, a 267-foot vessel, has finally set sail for its new owner. The $120 million+ royal jewel that Oceanco had sold to an unidentified Turkish businessman for a meager $40 million has been disputed by Flying Dutchman Overseas Limited and Yulia Guryeva-Motlokhov, the daughter of sanctioned Russian billionaire Andrey Guryev. In February 2025, a court ruling on the validity of the government’s actions in seizing and selling Alfa Nero is reportedly anticipated.
Eleven lawyers, including six representing the government, reportedly made arguments during the hearing. Attorney Dr. David Dorsett, who represented the oligarch’s daughter, specifically contested the Port Authority Amendment Act 2023, arguing that it was illegal and that the law that permitted the sale was invalid. The government’s attorneys argued that the yacht was declared abandoned because its owner had not claimed it within the allotted time.
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To correct the facts, in February 2022, the Alfa Nero motoryacht was abandoned in Falmouth Harbor by its purported owner, Andrey Guryev. It stayed there until the authorities intervened to save the superyacht. While no one came forward to recovering the ship, the government was forced to pay an astounding $100,000 monthly maintenance fee during this time.
The government finally acted, selling the doomed boat to a Turkish millionaire for $40 million and using the money to pay off state obligations. The Alfa Nero has now abandoned the Antiguan coastline and its “unfortunate” nickname. Now prepared to cruise the Caribbean and the Bahamas before moving to the Mediterranean for the 2025 season, the majestic yacht is scheduled to make a triumphant return at the Antigua Charter Yacht Show.
The oligarch’s daughter is still fighting its confiscation in court, so the sale is still a tough pill for her to swallow. For an extravagant $812,500 per week, several wealthy billionaires and their groups would be thrilled to enjoy the yacht’s lavish Art Deco interiors and its infinity jet pool with a glass cascade that doubles as a dance floor.
