A luxurious superyacht seized by the US authorities from sanctioned Russian billionaire Suleiman Kerimov is headed to the auction block.

The 348-foot (106-metre) Amadea has a helipad, pool, jacuzzi, gym, spa, beauty salon and eight staterooms that can accommodate 16 guests, according to amadeaauction.com .

The yacht, which has been valued at more than $300 million, was seized from the Russian oligarch in Fiji in April 2022 and is currently berthed in San Diego, California.

The auction is being held by National Maritime Services, a Fort Lauderdale, Florida, company. Sealed bids are being accepted until September 10 and require a $10 million initial bid deposit.

The yacht is headed to the auction block after a US judge in March dismissed a competing claim to ownership of the vessel.

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