A Russian oligarch’s luxury superyacht could be snapped up for a fraction of its £240m value.

The US seized the Amadea in 2022 after American authorities said it belonged to sanctioned Russian billionaire Suleiman Kerimov.

He denies that and fellow Russian businessman Eduard Khudainatov, who is not sanctioned, insists he is the owner.

Khudainatov has filed multiple legal claims seeking to reclaim the yacht, which boasts eight cabins, a VIP stateroom and a helipad.

None have been successful, and with its upkeep bills estimated at £450,000-a-month, US authorities are reportedly keen to get rid of the 106-metre boat.

It is currently being sold in a sealed bid auction that closes on Wednesday.

Ahead of its sale, Paul Stephan, a law professor at the University of Virginia, branded the boa

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