Sensation Yacht Seized In France

by Deidre Woollard (RSS feed)
May 17th 2009 at 9:01PM

Sensation Yachts owner Ivan Erceg has been trying to sell the motor yacht Sensation but the 164-foot yacht has been seized by authorities in the south of France. New Zealand's Sunday Star Times describes a vivid scene with writs being attached to the mast of the yacht while it was berthed at Marseille earlier this month.

Sensation Yachts has been experiencing financial trouble for a while and Erceg has put both the yacht and his mansion on the Cote d'Azur (both of which are owned by his family trust), up for sale. He had been planning to spend time at the Cannes Film Festival and the Monaco Grand Prix seeking buyers for the house, the boat or to find investors for Sensation Yachts. Erceq inherited the partially-built yacht after his brother was killed in a car crash in 2005 and he paid for the yacht's completion with his own funds.

The yacht was launched in 2007 from the Sensation Yachts shipyard and has five guest cabins with room for a crew of nine. The luxurious yacht, which has extravagant appointments including a marble bath in the master cabin, cruises at 18 knots. The main salon has a grand piano and a bar. A formal dining room offers seating for ten and there is also ample space on deck for dining alfresco. A Jacuzzi, bar and barbecue can be found on the sunbridge. A listing with Moran yachts shows the price at 29.5 million euros.

Gallery: Sensation Yacht