WATCH: 130-foot superyacht valued at nearly $50 million sinks off Italy’s coast


A 130-foot yacht sunk off the coast of Italy on Sunday.

The Italian Coast Guard, Guardia Costiera, captured a video of the super yacht, My Saga, capsizing 9 miles from the Catanzaro Marina on the country’s southwestern coast, posting the video on Twitter on Monday. The cause of the yacht’s demise is still under investigation, according to the Guardia Costiera.

There were nine people on board at the time, including an Italian crew, that were all rescued before My Saga completely sunk stern first. The Port Authority of Crotone was alerted to water entering the yacht Saturday night.

SUN-LOVING FREYA THE WALRUS SINKING BOATS IN NORWAY


The tugboat Alessandro Secondo attempted to recover the quickly sinking ship on early Sunday morning but was ultimately unsuccessful.

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My Saga was built in Italy in 2007 and is worth $49,743,000. The boat was en route from Gallipoli to Milazzo while flying a Cayman Islands flag.

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