Watch: 40-Meter Superyacht Sinks Off Italy

Some billionaire just had a really bad day. Or as the ol’ joke goes, maybe it was one of the best—who knows?

A 40-meter superyacht sank off the coast of Italy on Saturday and it was all caught on video.

The Italian Coast Guard said the yacht sank about 9 miles offshore Italy’s Catanzaro coast, in the Ionian Sea, and all nine people on board had been rescued.

Italian media has identified the yacht as the MY Saga. Apparently the vessel sank after taking on water starting on Friday. Four passengers and one crew member were taken off Friday by a Romanian patrol vessel operating with Europe’s border control agency Frontex. The remaining four crew abandoned the yacht on Saturday. An attempt to tow the vessel was made but ultimately unsuccessful as the weather deteriorated.

Video of the sinking released by the Italian Coast Guard is below:

Superyachttimes.com reports that the MY Saga was built in 2007 at Monaco Yachting & Technologies in Italy. According to the publication, the yacht was last sold in 2022 but its sale price was not disclosed.

The cause of the sinking is under investigation.