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Dramatic video shows a brand new luxury yacht sinking just minutes after it was launched off the coast of Turkey, forcing its crew to leap overboard.

According to reports, the new $1 million vessel, an 85-foot cruiser named Dolce Vento, was launched Tuesday in the Ereğli district of Zonguldak, a port city on Turkey’s Black Sea.

The amateur video shows the boat being pushed into the ocean down a track on the beach and then swaying within 15 minutes of setting off.

As bystanders watched, the luxury yacht lurched to one side, tilting dangerously before taking on water.

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Chaos erupted as people on board had to scramble onto the slopin

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