Sold in November 2017 at Christie's for $450.3 million, the painting Salvator Mundi by Leonardo da Vinci has become the most expensive artwork ever sold at auction. Nearly two years later, it is still unknown where the piece is located, while art market website Artnet has published an opinion piece by art dealer Kenny Schachter assuming that the painting is on-board the 134-metre superyacht Serene.
Salvator Mundi, Leonardo da Vinci
As it was first shared by The New York Times, the superyacht previously owned by Russian billionaire, Yuri Shefler, now supposedly belongs to Saudi Arabia’s Crown Prince Mohammad bin Salman. Reportedly, the oligarch sold his superyacht in July 2015 to Saudi Arabia's deputy crown prince for $458 million.
Built by Italian shipyard Fincantieri, at the time of her delivery, Serene was the nineth largest yacht in the world. She features exterior lines drawn by Espen Oeino and series of interior innovations by British design studio Reymond Langton.
Stretching over a beam of 18.5 meters, Serene is 6 decks tall and boasts a myriad of amenities that few five-star hotels have. One of her most noticeable features from the outside is her suppressed bathtub located aft of the sundeck.
One of the seven pools onboard Serene, the Jacuzzi on the top deck is surrounded by lounging pad for sunbathing. Forward of the hot tub is a fully-stocked, wet bar underneath the yacht's observational deck that features an additional set of sun loungers.
Inside, Serene incorporates a sophisticated mix of cream and dark colours with wooden fixtures. Offering views from any imaginable vantage point, Serene's sky lounge is equipped with a myriad of sofas, chairs and coffee tables for cocktails and tea.
A more formal location designed for the entertainment of larger groups, the main lounge features white colours with dark tones. At the centre of the room is a piano with cocktail tables spread out across the room. Interestingly, this lounge sits just over the main dining room with its chandelier hanging through the two spaces and letting the music spread.
Each space on Serene features a different set of colours, all coordinated across one central theme that spreads around the yacht with circles both on the floor and on the ceiling to create a sense of symmetry. Some of Serene's unique features include an indoor climbing wall as well as an underwater observation lounge.
The 134-meter yacht can carry a total of 24 guests across 12 staterooms divided into one master suite with essentially an owner's deck, a VIP cabin, three twin cabins and seven double staterooms. Serene carries a crew of over 40 people onboard.
Returning to the painting, it’s been long been believed that Saudi prince Badr bin Abdullah bin Mohammed bin Farhan al-Saud who had placed the winning bid for Salvator Mundi, was acting on behalf of the crown prince, reports CNN Style. Despite an official denial from the Saudi embassy in late 2017, stating that Prince Badr had acted as an intermediary for the Abu Dhabi Department of Culture and Tourism instead, bin Salman has never released a statement himself confirming or denying his role in the purchase.
First supposed to go on display at the Louvre Abu Dhabi last year, the painting would reportedly remain on-board Serene until the crown prince completes a new cultural hub in Al-Ula, according to Schachter. This could be not the first case of possible storage of highly expensive works of art on-board superyachts, with, for instance, British billionaire Joe Lewis keeping Francis Bacon’s $70 million ‘Triptych 1974 – 1977’, aboard the 98-metre superyacht Aviva, according to Bloomberg.
Gulf Craft has delivered the first unit of its 32.3-meter Majesty 100 Terrace series following its debut at the 2025 Dubai International Boat Show. The fiberglass-reinforced plastic (FRP) yacht features a semi-displacement hull designed by Dutch firm Phathom Studio.The model's distinctive features include multiple outdoor terraces, fold-down balconies, and a private owner's terrace on the foredeck with 270-degree views. The owner's cabin incorporates floor-to-ceiling glass and skylights, with direct access to the forward terrace. Accommodation includes five cabins for 10 guests and crew quarters for six.With a 199GT volume and 7.2-meter beam, the yacht reaches a top speed of 20 knots powered by twin MAN engines. At a cruising speed of 12 knots, the range extends to 1,050 nautical miles. The upper deck features a hot tub and sunpad area with glass panels that illuminate the owner's terrace below.The Majesty 100 Terrace follows the 34.1-meter Majesty 111 model, sharing similar interior layouts but with a redesigned semi-displacement hull. Gulf Craft currently has two units of the new model under construction at its Umm al-Qaywayn shipyard in the UAE.Since the company’s inception in 1982, Gulf Craft has grown to become one of the top seven shipyards in the world: once a builder of small fishing boats in its modest premises, which was a genuine passion for Gulf Craft, they then established their credentials as a leader of innovation and technology in the yachting industry. With five brands in their product portfolio ranging from 31 to 175 feet, Gulf Craft manufactures yachts and boats that appeal to a wide audience, such as touring passenger vessels, Silvercraft family day boats, Oryx Sport Cruisers, Nomad Explorer Yachts, and the flagship Majesty Yachts.Credits: Gulf Craft
August 1, 2025
Dutch yacht builder Oceanco has transitioned to new ownership under American entrepreneur Gabe Newell, while previous owners the Barwani family retain their stake in Turkish shipyard Turquoise Yachts. The ownership change follows Oceanco's legacy of constructing notable superyachts including the 110-meter Kaos, 109-meter Bravo Eugenia, 106-meter Black Pearl, and 127-meter Koru.Newell assumes ownership with stated intentions to maintain Oceanco's operational focus on craftsmanship and workforce development rather than implementing financial restructuring. The new owner has emphasized continuity in the shipyard's human-centered approach to yacht construction.Gabe Newel"Gabe Newell is not entering this world as a financier or a strategist, but as a hands-on visionary who respects the sea, the craft, and above all, the people who make it possible," stated the company's transition announcement.Dr. BarwaniThe Barwani family, Oceanco's previous owners since 2010, will continue their yachting industry involvement through Turquoise Yachts, which specializes in custom builds up to 77 meters. Oceanco's current project portfolio and management team are expected to remain unchanged under the new ownership structure.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: Oceanco
August 1, 2025
The 2025 Monaco Yacht Show will host "Tribute to Yachting," a photographic exhibition by French photographer Guillaume Plisson. The exhibition will display 100 large-format images throughout Port Hercule from September 24-27, integrated with the show's layout.A preview selection will debut during the Grand Opening Night on September 23. The exhibition aims to provide visual interludes for attendees while highlighting emotional aspects of yachting beyond technical specifications."This collaboration reflects our desire to celebrate the human side of yachting - the stories and quiet beauty beyond the surface," said Gaëlle Tallarida, Managing Director of Monaco Yacht Show.Plisson's work documents various yachting elements including design, operations, and lifestyle. "The exhibition serves as a condensed retrospective and tribute to those who make yachting possible," Plisson stated, acknowledging industry support for his photographic access over the years.The exhibition aligns with the show's focus on innovation, design, sustainability and lifestyle. It represents an effort to engage visitors emotionally with yachting culture while maintaining the event's commercial focus.Credits: MYS
August 1, 2025
Northrop & Johnson has announced the lease through donation of the 43.6-meter Feadship motor yacht True North, built in 1987 by Van Lent shipyard. The vessel's recent $4 million refit in 2021 addressed critical systems while preserving its classic Dutch craftsmanship.The comprehensive refit program included complete hull plating renewal and tank work to satisfy Bureau Veritas 35-year survey requirements. Mechanical upgrades focused on the twin CAT 3508 DI-TA engines, while new Quantum zero-speed stabilizers were installed to enhance onboard comfort. Guest areas received modernized accommodations, including renovated Crema Marfil marble bathrooms in the full-beam master suite.True North has compiled an extensive cruising history, having completed multiple transatlantic crossings and operated successfully in both tropical and temperate climates. The yacht's robust construction and 4,000-nautical-mile range at 11 knots have supported operations throughout the Mediterranean, Caribbean, and Northern Europe.Current configuration accommodates 16 guests across five staterooms, including four convertible guest cabins with multiple bedding options. Outdoor amenities feature a sundeck hot tub, swim-up bar, and expanded swim platform. The yacht's service areas utilize dedicated crew staircases to maintain operational efficiency."True North represents the enduring quality of Feadship construction," noted Northrop & Johnson brokers Kevin Merrigan and Kristen Klein. "The recent refit ensures this classic yacht meets contemporary expectations while retaining its original character."The donation lease arrangement provides for the yacht's continued operation while supporting the donor's philanthropic objectives. True North remains certified for global cruising following its recent survey compliance and mechanical upgrades.Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Northrop & Johnson
July 31, 2025
Swiss energy company Repower has unveiled Lucietta, Venice's first fully electric water taxi, marking a significant advancement in sustainable marine transportation for the historic city. The 9.3-meter vessel, designed by Nauta Design and built by Murano's Cantiere Serenella shipyard, debuted at the Venice Boat Show and will serve during the 2025 Venice Film Festival before entering regular service.Constructed using a combination of traditional Venetian boatbuilding techniques and modern sustainable materials, Lucietta features a lightweight carbon fiber hull and incorporates recycled Murano glass elements developed by local startup Rehub. The construction process maintained Venice's strict dimensional constraints for canal navigation while implementing contemporary electric propulsion technology.The vessel is powered by a 200kW electric motor with a 180 kWh battery system specifically optimized for Venice's operating conditions. Performance specifications include a top speed of 30 knots (55.5 km/h) and sufficient battery capacity for a full 8-hour workday at typical lagoon speeds of 7-20 km/h. Compared to conventional diesel water taxis, Lucietta completely eliminates direct emissions during operation and reduces energy consumption by approximately 60%.Environmental impact projections indicate each Lucietta water taxi will prevent about 12 tons of CO2 emissions annually while completely eliminating particulate matter emissions. The electric propulsion system also reduces noise pollution from 85 dB to 45 dB - an 85% decrease that significantly improves the acoustic environment of Venice's canals. Over its operational lifetime, the electric taxi is expected to have 30% lower maintenance costs than combustion engine models."Electric boating represents a crucial part of the sustainable mobility revolution," stated Fabio Bocchiola, CEO of Repower Italia, noting the European electric boating market is projected to reach $13 billion by 2030. The project builds on Repower's previous electric boat initiative that received a Compasso d'Oro honorable mention in 2020.Nauta Design's Massimo Gino explained the design process: "We studied original taxi designs and interviewed operators to create a modern electric version that respects Venice's strict dimensional constraints for canals and bridges." The collaboration with local artisans at Cantiere Serenella ensured the preservation of traditional Venetian craftsmanship while implementing sustainable technologies.Lucietta can accommodate up to 14 passengers and will initially serve during high-profile Venice events before expanding to regular water taxi service. The introduction coincides with Venice's increasing restrictions on combustion engine vessels in its sensitive lagoon ecosystem, positioning electric water transportation as a viable solution for the city's unique mobility challenges.Credits: Nauta Design
July 31, 2025