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The 50 most expensive yachts for sale now

How much does a superyacht cost? The answer is not so simple. Much like a luxury watch or car, the asking price depends on a variety of factors such as age, pedigree and finish, with the largest and newest vessels peaking into the hundreds of millions. To give you a better idea, BOAT International rounds up the 50 most expensive yachts currently listed for sale, starting with the 105.3-metre H3 ...

Builder : Oceanco Length : 105.3m Designers : Reymond Langton Design , Lateral Naval Architects

The most expensive superyacht for sale is H3 . What began as a refit project escalated into a three-year rebuild that completely transformed the 95-metre Indian Empress. Twenty two years after her initial delivery, she was relaunched as the 105.3-metre H3, with virtually nothing left from her original design except the hull (which had also been extended a further 10 metres). This "rebirth" won her international acclaim and a World Superyacht Award . Her amenities are too numerous to mention but some standouts include a large pool with a waterfall feature, a huge spa and wellness area with a hairdresser and nail salon, a gymnasium and a climate-controlled winter garden in the owner's suite.

More about this yacht

Builder : Lürssen Length : 91m Designers : Reymond Langton Design

Lady Lara joined the market in September 2023, marking the first time she had been available for sale since her delivery in 2015. She boasts a range of entertainment amenities, including two swimming pools – the largest of which can be transformed into a dancefloor – and a custom surround sound set-up. The second pool is found on the sundeck with a swim-up bar, with a large daybed and sunlounger also on this level. Accommodation is for a total of 16 guests across eight cabins and the master suite is positioned on a dedicated owner's deck. It includes a private exterior terrace accessible from the cabin, a library, his and hers bathrooms and dressing rooms.

Yachts for sale

Here comes the sun.

Builder : Amels Length : 89m Designers : Tim Heywood , Azure Yacht Design and Naval Architecture , Winch Design

Here Comes the Sun was delivered in 2017 as the flagship of the Amels fleet, a title that she has held for the past six years. She was commissioned by a repeat client with a penchant for The Beatles and has an exterior and interior from the boards of design royalty: Tim Heywood and Andrew Winch . Her outdoor spaces are certain to impress, housing a two-metre-deep swimming pool with contraflow jets and a beach club and bar that leads into a wellness centre with its own sauna, massage room and beauty salon. A full rebuild in 2021 won her a Neptune at the World Superyacht Awards .

Builder : Oceanco Length : 90m Designers : Luiz De Basto , Azure Yacht Design and Naval Architecture , Nuvolari Lenard

DAR was delivered in 2018 and won Motor Yacht of the Year "by a good margin" at the World Superyacht Awards the following year. Standout features include an owner's deck – complete with private saloon and Jacuzzi – as well as a wellness area, with Hammam, sauna and massage and beauty room. The upper deck sports a fresh water pool with counter current and the yacht also has a gymnasium with floor-to-ceiling windows. A six-person elevator serves all guest decks, with an owner's party of up to 14.

Yachts for charter

Builder : Lürssen Length : 114.5m Designers : Tim Heywood , Terence Disdale

Pelorus was delivered in 2003 as the 11th largest superyacht in the world and easily the largest yacht to be built by Lürssen at the time. She was commissioned by a Saudi businessman who enjoyed a single cruise aboard his new vessel before a new buyer made an offer too good to refuse. Exterior designer Tim Heywood stocked the yacht with a top deck lido featuring two swimming pools, two helicopter pads and a vast sea-level platform that is revealed by opening the transom. The immense task of designing the interior was carried out by Terence Disdale, who opted to use natural materials wherever possible to maintain a "casual" atmosphere to offset the yacht’s imposing frame. Pelorus can welcome 18 guests with room for an additional 46 crew members.

Builder : Feadship Length : 83.5m Designers : Feadship De Voogt Naval Architects , Cristina Gherardi Design

Savannah 's boundary-pushing design landed her the Motor Yacht of the Year Award at the World Superyacht Awards in 2016. She was the first superyacht to receive a completely metallic paint job and was equipped with a first-of-its-kind hybrid power plant, making Savannah one of the first truly "eco-conscious" members of the international fleet – though she's more popularly known for her Nemo Lounge. Another first, the lounge is designed with a semi-submerged sheet of glazing that provides an incredible view beneath the waterline. The glass wall is also fitted with a drop-down screen for impromptu cinema nights. 

Builder : Benetti Length : 107.6m Designers : Reymond Langton Design , Giorgio M. Cassetta , Zaniz

With rotating seating areas, an interactive, 18-metre-high forest wall and 800 square metres of windows, Luminosity set a new standard for yacht design when she was delivered in 2022. Accommodation is across an impressive 11 cabins, not including the dedicated owner's deck with its own helicopter pad.  Meanwhile, her counter-flow swimming pool is the exterior centrepiece, kitted out with underwater speakers, an adjustable bottom and a custom chandelier inspired by a diamond. An accompanying four-degree plunge pool is decorated with on-theme visual cues such as mirror-backed acrylic "ice-cubes".

Builder : Lürssen Length : 74m Designers : Winch Design

Constructed to Lloyd’s classification, Aurora ' s key figures include an impressive volume of 2,113GT (split across four decks) and a beam of 13.2 metres, while a crew of 22 waits on an owner’s every need. 1920s Art Deco-inspired interiors house up to 16 guests in eight stately cabins. Among these is the private owner’s suite which features wraparound views and access to a private lounge foredeck. She also features an intimate top deck observation lounge with a daybed and a lounge with three bar stools forward, while a gym and Jacuzzi are found aft.

Builder : Lürssen Length : 90m Designers : Winch Design

Phoenix 2  takes a page (or two) from Art Deco styling with her cherry velvet flooring and gilded details. The owner commissioned Winch Design to create her intricate cityscape-inspired design concept, including a 5.7-metre phoenix figurehead modelled after the Chrysler building's mounted eagles. Roaring highlights include a sommelier room, multiple swimming pools, a plush cinema room and a custom Steinway for some musical accompaniment at mealtimes. Accommodation is for up to 14 guests in seven cabins, including a full-beam owner's cabin accessible via a glass spiral staircase.

Builder : AKYACHT Length : 85m Designers : Michael Leach Design , Marco Yachts , H2 Yacht Design

After beginning life as a 77-metre explorer 14 years ago, the completion of Victorious was long-awaited. Key features include an indoor pool in the beach club, cocktail lounge, observation saloon and a wine and cigar “clubroom” which features its own fireplace. Accommodation is for 24 guests in 12 cabins, with further quarters for a crew of 22. The owner's suite is located up on the bridge deck and benefits from direct access to the Jacuzzi and sunpads aft. On the foredeck is a "touch-and-go" helipad that can also be used as an entertainment space.

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Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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Yacht Prices

When it comes to buying a luxury yacht, there’s a lot to know about yacht pricing. Here at Worth Avenue Yachts, our team of brokers will help you with everything you need to know, but here’s a general yacht pricing guide to get you started on your yacht-buying journey.

Luxury yacht prices, like the yachts themselves, differ enormously. According to 2014 sales data , the average yacht price for a second-hand yacht for sale is €7.9 million ($8.4 million), but prices of super yachts can start at around $1.5 million for a small or older yacht and rise to a $600 million, which is how much Azzam, the largest yacht in the world at 590 feet cost to build.

The size of the yacht and age of the yacht are the obvious starting points for yacht pricing, but many other factors also come into account. The yacht builder, or ‘brand’, can have an extraordinary impact on the asking price- for example, a 200 foot yacht from two different yacht builders can easily see a difference in pricing of around 20 million dollars. Yacht brands also differ in how they hold their value or depreciate relatively rapidly- this is where the wide industry knowledge of your yacht broker will be of enormous value to you when considering what the resale value should be.

Also affecting price is whether something is completely custom-built, semi-custom, or chosen from an existing identical range. As the global fleet of superyachts is growing rapidly, with over 10,000 yachts afloat today, there are increasingly good deals to be found on second-hand yachts as existing yacht owners upgrade. You’ll also often find sharp reductions in second-hand yacht pricing announced in the lead-up to yacht shows, making these yachting events a great time to shop around, view lots of different boats and get a good deal.

In the US, the Fort Lauderdale International Boat Show is the largest event of this kind, while the Monaco Yacht Show is the flagship yacht show of the Mediterranean. There are many other yacht shows around the world; see our events page for details. Yacht pricing is  also affected by global economic fortunes: the yachting industry is now rebounding after the financial crisis but there are still some excellent bargains out there.

The yacht designer’s name- exterior and interior- also affects yacht pricing tremendously: yachts by certain designers such as Bannenberg & Rowell and Espen Oeino will generally attract much higher prices than lesser-known designers. The yacht’s history will also affect resale value accordingly- yachts which have been well-maintained and lightly used will obviously hold a higher second-hand value. The range of the yacht (i.e., how big its fuel tanks are so the distance it can travel) also affects pricing, as does the brand of machinery, electronics and AV systems the yacht carries.

A yacht’s flag registry and tax status will also affect yacht pricing- some yachts will be advertised as ‘tax paid’, representing a good deal for some. Additionally, there are some tax restrictions affecting yacht purchases in certain countries. For instance, in the US a bill has just been introduced to end the prohibitive import taxation on US buyers buying foreign-flagged yachts located in US waters, and that will be watched with interest as it will positively influence yacht pricing for US buyers if it passes.

As you can see, many factors can influence yacht pricing, and it is constantly in flux due to economic and legislative factors. Your yacht broker is up-to-date with industry knowledge and where to find the good deals, so get in touch with a yacht broker at Worth Avenue Yachts to find out more about yacht pricing, alternatively fill in this contact form and we will be in contact shortly.

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Small Yachts For Sale

Finding the right small yacht, or mini yacht, takes the expertise of a professional yacht broker. There are hundreds of yachts under 65-feet available, which is what our team considers a small yacht. Utilizing our professional brokerage services can assist you in your research with finding the perfect boat to purchase. To get started, simply select the boat you like below, or give our main office a call at 1-772-463-3131.

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Mike Lynch and daughter among six missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

One person is confirmed to have died after the British-flagged luxury vessel named Bayesian sank, with 22 people on board. Sky News looks at what we know about the tragedy.

News reporter @samuelosborne93

Tuesday 20 August 2024 16:25, UK

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British tech billionaire Mike Lynch and his daughter are among six people missing after a superyacht sank in a storm off the coast of Sicily - with one person confirmed to have died.

Twenty-two people were on board the vessel, 15 of whom were rescued - including Briton Charlotte Golunski and her one-year-old daughter Sofia.

Four other Britons and two Americans remain missing, including Mr Lynch and his 18-year-old daughter Hannah, according to Italian media. The entrepreneur's wife Angela Bacares was rescued.

Here's what we know about the sinking of the luxury vessel so far.

Follow live: People missing after superyacht sinks

What might have caused the sinking?

The British-flagged luxury vessel, named the Bayesian, capsized at around 4.30am local time off Palermo, according to ship-tracking site Marine Traffic.

It sank with 22 people on board - 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados which form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have also tipped over more easily with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

"The reason it got pinned over so hard was because the mast is huge. It acted almost like a sail. [It] pushed the boat hard over on its side. (The boat) filled with water before it could right."

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at around 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

British tech tycoon Mike Lynch is among those missing.

The 59-year-old owner of the yacht is known as the "British Bill Gates" and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges , which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP).

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The vessel had passengers from Britain, America and Canada, the Italian coastguard said.

Most of those on board were British, Italian news outlets have reported, adding that the others were from New Zealand, Sri Lanka, and Ireland.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, has been found dead, the Italian Coastguard has confirmed to Sky News.

Eight of those rescued were transferred to local hospitals and all were in stable condition, local media reported.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel, which was managed by yachting company Camper & Nicholsons, can accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck said the vessel would have been equipped with "high standard" life-saving appliances and radio communications. He added the yacht would have met all international standards and UK maritime coastguard agency regulations before its voyage.

Keep up with all the latest news from the UK and around the world by following Sky News

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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Company will freeze your dead body until it’s ‘reanimated’ years later — but it comes with a hefty price.

A high-tech startup is giving people the option to cryogenically freeze their corpses in hopes that they may be revived one day in the distant future .

Tomorrow Bio, a Berlin-based company , is charging a pretty penny — $222,603 plus a $55 monthly membership fee — to put bodies and body parts on ice.

Brains alone cost $83,473.

“Personally, I believe that within my lifetime — I’m currently 40 years old — we may witness the safe cryopreservation and reanimation of complex organisms,” co-founder Fernando Azevedo Pinheiro told the Daily Mail .

“For some, the primary motivation is the fear of dying. Cryopreservation offers them hope and a sense of security, providing a potential path to extend their lives.”

So far, the company claims that six people and five pets have gotten the big chill — and there are 650 people on the waiting list with an average age of 36.

“None of them are expecting to die anytime soon,” he told the Daily Mail.

How does it work? Tomorrow Bio offers what they call “field cryoprotection” in which they “begin the cryopreservation process immediately after a patient is declared legally dead, using our retrofitted ambulances, which function as mobile surgery rooms.”

The company claims to be the only one worldwide to do so.

Pinheiro added that a corpse’s bodily fluids are replaced by “essentially medical-grade antifreeze” to keep from irreversible cold damage. Temperatures are dropped to around minus 320 degrees Fahrenheit over a little more than a week before the body is stored in a long, steel container containing liquid nitrogen for long-term storage.

If a person is successfully revived after the Captain America procedure and their investment hasn’t been fully used in treatment, they get the remaining money back.

Tomorrow Bio cites a successful example of similar treatments to preserve a rabbit’s kidney.

The company has storage facilities across Europe including Berlin and Amsterdam. Soon, NYC will have a satellite location as well, according to Tomorrow Bio.

But many patrons have their sights set on the great beyond, according to co-founder Pinheiro.

“Many customers are fascinated by the possibilities of future technologies and experiences, such as space travel .”

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