2022-10-19 - luxurylaunches -  

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A superyacht being suctioned is as rare as the news of a Saudi royal losing an asset over non-payment of dues. A sense of deja�  vu is felt upon learning that the $400 million floating mansion, Golden Odyssey, will be sold after Deutsche Bank Luxembourg successfully arrested the yacht to enforce its mortgage against it for outstanding debt over $116 million. Russian oligarch Dmitrievich Pumpyansky's Malta-flagged $75 million Axioma yacht was also auctioned to clear a $12.5 million loan with Investment bank JP Morgan Chase.