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Jeff Brown

73m auctioned yacht Axioma undergoes refit ahead of return to charter market

17 October 2024 • Written by Georgia Boscawen

The 72.5-metre motor yacht Axioma is making a return to the charter market after an extensive refit. Built in 2013 by Dunya Yachts, Axioma made headlines after she was temporarily arrested in 2022 when her former owner was found to be in breach of a loan agreement with JP Morgan Bank.

The Admiralty Court of Gibraltar then sold Axioma for just over $37.5 million in a private auction, with Howe Robinson handling the sale. A total of 63 bids were considered after a license granted by the US Treasury Department’s Office of Foreign Assets Control authorised US-based buyers to participate in the sale.

Now the 72.5-metre – which has long been considered a remarkable feat of design – is making a return to the charter market with Northrop & Johnson following a huge refit, which upon completion will see the yacht restored to her former glory.

So far, the yacht has spent several months at MB92 in La Ciotat, France for a multi-million-euro reinvestment from its owner. During this period, all mechanical concerns on board were addressed. The hull and superstructure were also repainted with a striking shade of turquoise. Other updates include new technical systems, hydraulics, stabilisers, tanks and the main engines, which have been overhauled. The yacht has also seen a galley upgrade, new teak (and teak maintenance) and a host of new toys.

Axioma was known to have one of the best water toy collections on the market with a range of pool toys such as a basketball set and football net. Additionally, she had two inflatable sailing boats, an eight-person banana boat, SeaBobs, a Waverunner, kayaks, paddleboards, diving equipment and a surfboard.

Speaking on the refit, a Northrop and Johnson spokesperson said, "[Axioma] has had a comprehensive overhaul of critical systems, equipment, and onboard amenities, enhancing safety, performance, and luxury." The yacht will return to the charter market early next year and be available from mid-March.

However, the Alberto Pinto interior remains a core part of the yacht that was carefully preserved. The late designer created a contemporary beach house style, with a bright summertime feel. Light-coloured woods and natural fabrics are used throughout along with bold pops of colour. Her interiors offer an impressive mezzanine main saloon, a formal dining room, a 3D cinema, a fully equipped gym, a massage room, a steam room and deck spaces complete with a Jacuzzi with a swim-up bar. Accommodation on board is for 12 guests across six cabins with a flexible arrangement.

Axioma will be available for charter with Northrop and Johnson from mid-March 2025. She will be cruising the Mediterranean during the event season including the Monaco Grand Prix. Her summer weekly rate is low €562,500 to €625,000 high.

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