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Ahpo was built as a replacement for Lee-Chin's previous yacht, Quattroelle, which he sold in 2014. [1] [2] [6] Ahpo was listed for sale in February 2023. Three months later, in May 2023, it was sold for a rumoured €330 million, in what is "believed to be the biggest brokerage deal in history". [7] Upon its sale, it was renamed Lady Jorgia.
Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.
The yacht was built in 1980 by the yacht builder Benetti at a cost of $100 million [1] (equivalent to $370 million in 2023). Its original interior was designed by Luigi Sturchio. [2] It was originally built as Nabila for Saudi billionaire Adnan Khashoggi (named for his daughter). [3]
The yacht Carinthia VII was built in the Lürssen Yachts yard in 2002 and refurbished in 2005. The vessel also underwent a major refit in 2023 which included multiple aesthetic and technical modernisations and was fully converted from private to charter.
In September 2019, citing breach of the 1981 agreement, the City repossessed the ship and put her for sale. [2] A planned sale of the vessel to Dwor Metal company fell through in January of 2023. [5] The company's owner had planned to renovate the vessel for private use, but the transaction fell through. The vessel remains moored on the former ...
Shamrock V is a British J-class yacht. She was the first British yacht to be built to the new J-Class rule. She was commissioned by Sir Thomas Lipton for his fifth America's Cup challenge. Although refitted several times, Shamrock is the only original J-class never to have fallen into dereliction.