The 38.9-metre Fitzroy sailing yacht Lady M is now available for bidding with G3 Auctions, an auction house based in Florida. A minimum bid of $5,500,000 has been set with a deadline for 24 August 2024.
Lady M's last known owners were Scottish businessman Doug Barrowman and his wife Michelle Mone, a former Conservative peer at the House of Lords and the founder of lingerie company Ultimo.
The sailing yacht was delivered in 2006 to a design by the late Ed Dubois. Her original interiors were styled by British studio RWD, though H2 Yacht Design stepped in to redecorate during a major refit in 2022. Key numbers include a 8.3-metre beam, a volume of 170GT and a draft of four metres.
Accommodation is for a party of up to 10, comprising a king-sized owner's suite, a double cabin, a convertible twin with a Pullman berth and a twin cabin, also with a Pullman berth. There are further quarters for six crew.
Leisure highlights include the upper saloon, which is filled with light through the wraparound windscreen and arranged with a bar and seating with a convertible table. Meanwhile, the lower saloon features twin sofa seating, a coffee table and a large television.
Stepping outdoors, the main cockpit is shaded by a Bimini and features two small tables that can be connected to form a larger dining area.
Another al fresco offering is the bow, scattered with beanbags and sheltered from the sun by a large awning. Deckchairs can also be laid out on the swim platform.
"Sellers engage my company because time is money. In a normal market, it can take years to sell a yacht, a jet, or a luxury home," G3 Auctions president Guy Masters told BOAT International. "This auction provides a level playing field where buyers submit bids based on what they think the yacht is worth."
G3 Auctions has valued Lady M at $11,2000,000. The yacht is lying in Montenegro, according to BOATPro's fleet tracker.