Days after auction house Troostwijk Auctions announced they are no longer in talks withARMA to sell the seized motor yacht Royal Romance, a potential central agent has entered in it’s place. Boathouse Auctions, an online yacht auction marketplace based in the United States, has entered into the initial negotiations for the sale of the 92-meter yacht, ARMA announced.
The Agency went on to add: “ARMA has already received an official confirmation from the American auction house Boathouse Auctions that negotiations with their representatives have been initiated. We are currently discussing in detail all legal issues and legal safeguards for the auction. This is the first time that Ukraine has faced the issue of selling a seized asset of this scale abroad.”
Moreover, ARMA also announced the new status of the yacht. Royal Romance now flies the Ukranian flag and adheres to Ukrainian jurisdiction.