and, before that, the 127-foot CrescentAt the time, the yacht was languishing unloved in an Istanbul shipyard, a for-sale sign in its window and an €18 million asking price. Rosatti’s car dealer instincts weighed the pros and cons. The cons included pricy overhauls for the yacht’s entire mechanical and electronic systems, plus a re-spray of the hull. The single, but eventually deciding, pro: an iconic boat at a great price.
The Palmer Johnson was originally built for the Russian oligarch Sergei Pugachev. He was the founder of the MezhPrombank, and a close friend and advisor to Russian President Vladimir Putin. According to published reports, in 2011, a year after he took delivery of, Pugachev was accused by the Russian government of running off with a $1 billion bailout loan given to his bank.
After the purchase, the boat went into the Dunya Yachts yard in Istanbul for a comprehensive refit. All the systems were upgraded, those mighty MAN diesels were overhauled and the yacht was given a complete re-paint in that polarizing Champagne-with-red-bootstripe color scheme. And the original“Today she’s in absolutely pristine condition,” says Thompson. ”Inside and out, she looks brand new and still turns heads like no other boat I know.
Finally got sold 👍🏻…. Have always liked this one..
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