Related

Atlantis 51: first Azimut project to be previewed at 2018 Boot Dusseldorf
The 16.18-meter sports cruiser Atlantis 51 is the first of Azimut projects making a world debut at...
About Gulf Craft's Majesty 140 wins at the World Yachts Trophies during the Cannes Yachting Festival
Gulf Craft's superyacht the Majesty 140 wins the prestigious award for 'Best Yacht Layout' at the...
Classic Riva yacht owned by Prince Rainier and Grace Kelly to be auctioned by RM Sotheby’s
RM Sotheby’s has introduced one of the lots of the forthcoming Villa Erba auction. The 1950s...

Goldman Sachs sells 66m Natita it seized in August

Plus
Pin
BEAM Staff
October 21, 2017
Goldman Sachs has sold the 66-meter Oceanco, Natita, it had seized from American oil mogul, William Kallop earlier in August according to the Wall Street Journal. Acquired by a buyer from Malta, Natita was sold for $27,5 million, implying a discount of over 30% on her asking price of $39,9 million according to Yacht Harbour.

Delivered in 2005 as Dilbar by Oceanco in the Netherlands, the 66-meter yacht became the first superyacht owned by Russian billionaire, Alisher Usmanov. Renamed to Ona in 2008 following the delivery of Usmanov's new 110-meter Lurssen, the yacht was put on the market and sold in 2010 at an asking price of €59,9 million to William Kallop.

A year prior to buying the yacht, Kallop had sold his oil business to a consortium of Korean and Columbian investors for nearly $1 billion, investing into Quicksilver Ressources shortly following the sale.


Named after his moter-in-law, Natita wasn't the first yacht purchased by Kallop who also owns the 57-meter Bad Girl, built by Brooke Marine in 1992, and a 93ft yacht, once used by John F. Kennedy, which he bought at auction in 1998 and restored.

In 2014, Kallop borrowed $32 million from Goldman Sachs against Bad Girl and Natita according to court fillings. The bank then claims the owner then stopped servicing the loan in November 2016 with nearly $28 million still left. Three crew members, captain included, recently obtained $90,000 in back pay from the owner from a Florida court.


Goldman eventually filled a suit with the Miami federal court to have the boat seized, which the US Marshals did at a West Palm Beach marina. The bank's first act as acting owners was to purchase $67,000 of fuel for the yacht to keep the generator running, fillings show. To date, the investment bank has spent $438,000 on maintaining the yacht. A competing claim from the marina could however potentially block the sale.

Tags

Plus
Pin