Most of the items on the superyacht Sarafsa, now called Pure, were recently auctioned off for about €300,000 ( $330,000), which is an extremely unusual way to sell luxury goods. The 82-meter luxury sailboat was formerly owned by Saudi Arabia’s Prince Fahad Bin Sultan, but it was confiscated by Credit Suisse Group AG in 2022 for $78 million in unpaid loans and interest. The Devonport yacht sold this month to billionaire Olivier Leclercq, son of Decathlon founder Michel Leclercq, for an estimated $65 million after being on the market for a year. As soon as the name change was finalized, the superyacht was towed to Genova, Italy, where she will be remodeled by JMS Yachting at a cost of $50 million.

The yacht’s new owner has reportedly requested an extensive refit to “bring her back to her former glory and some more,” as reported by Boat International. As is customary before a refit, the superyacht’s interior was cleared out in preparation for the lengthening project, which will add 7 meters to the boat’s overall length. It came as a shock to many when the majority of the goods removed from the luxury superyacht were promptly placed up for sale by the French auction firm Pichon & Noudel-Deniau.

Prices ranged from €50 ( $55) to €11,500 ( $12,700) for items ranging from a mahogany grand piano to silver mounted salt and pepper shakers. Surprisingly, most of these items are estimated to be far more valuable than their current asking prices would indicate. Without a hitch, all 525 items available for sale at the Cannes-based house were purchased.

All the things together could be worth several million dollars or more, yet the auction only brought approximately $330,000. It’s unclear why the goods were sold so quickly for pennies on the dollar, but it looks like a fire sale.

A Franz Hermle clock from the Regency period sold for approximately $330, a cabinet in the style of Napolean III made of ebony wood and red tortoiseshell went for about $600, and a lacquered dial with mechanical arms sold for just under $1800. Although Sarafsa’s lavish interior is bound to look a touch old given the ship’s 2008 construction year, it still manages to look very nice.

Winch Design crafted the elegantly timeless interior, which features opulent Mediterranean touches. The boat’s interior was like a time capsule, complete with traditional marquetry panels, exquisite carpets, and vintage televisions. All of that clutter has been removed to create room for the ultra-modern furnishings and conveniences that will turn the superyacht into a state-of-the-art floating palace.