This $270m mega-yacht has never sailed and it’s already falling apart like a shipwrecked dream

This $270m mega-yacht has never sailed and it’s already falling apart like a shipwrecked dream.

Luminosity had a rough start in life, when its original owner refused delivery.

Things got worse when it was seized one week after it was delivered to its second owner.

In the years since, the 353-foot-long ship has fallen into a bad state.

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This $270m mega-yacht hasn’t gotten much use

If there’s one thing you can count on with any boat with ‘mega’ in the title, it’s that they’ll be absolutely massive.

Pretty obvious statement, right?

Well, sometimes it bears repeating, because we can’t get over the size of some of these vessels.

There was the 466-foot mega-yacht that belonged to Google co-founder Sergey Brin.

Jeff Bezos’ boat was so big that it got turned away from Monaco. Also, Venice.

And there’s The World, Residences at Sea, which undergoes a ‘refresh’ every three years.

But not all boats are so lucky.

The Luminosity, built by shipyard Benetti, didn’t have a great start.

In 2020, its original owner, Kutayba Yusuf Ahmed Alghanim, refused delivery of it.

Things didn’t get much better from there.

Russian oligarch Andrey Guryev took ownership of it, but when he landed on a sanctions list, the Luminosity ended up being seized.

This was quite the fall from grace for a boat described as ‘the giga-yacht of the 21st century’.

With incredible amenities onboard and a $270 million price tag to go along with it, there’s plenty about the Luminosity that would qualify it as ‘mega’.

However, it’s not been getting much use. In fact, the vessel hasn’t sailed once outside of its sea trials.

What is the current state of the Luminosity?

Currently, the Luminosity is not looking great.

It’s anchored up in Montenegro, and it’s been a long while since any crew was onboard to take care of daily maintenance.

There are missing panels on the deckheads, the paint is littered with scratches and chippings, and there’s a clear rust problem.

It’s a sad state of affairs.

As recently as 2024, it was listed for sale at half its reported value.

However, its legal status as a sanctioned asset made it a tough sell.

And we can’t imagine the boat’s deteriorating condition is making it any easier to find a buyer.

To see the boat in its current state, head over to The Yacht Report’s YouTube channel.

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