This is the dramatic moment a £14m superyacht caught fire and sunk off the coast of Sardinia.
Sixteen passengers and crew miraculously escaped from the Atina before it was completely engulfed in flames on Saturday evening whilst it was moored in the Gulf of Olbia.
The tourists, who were from Turkey, were collected by firefighters and coastguards. There were no reported injuries.
Among those on board is believed to be Serkan Borancili, who owned the 47-m-long vessel.
The Turkish entrepreneur co-founded the troubled grocery delivery app Getir in 2015, which was recently forced to exit both the European and US markets after a rapid expansion.
Footage released by the Olbia Coast Guard shows the yacht sinking while being doused with an extinguisher.
It ended up on the seabed about 7m deep and local media has said that clean-up operations are currently underway.
The yacht was carrying about 50,000 litres of fuel but the Olbia Port Authority said no spills had been detected.
The fire is believed to have begun in the superyacht’s engine compartment but the cause of the blaze is currently being investigated.
The Atina was sold in 2021 for more than £14million and it won an award at the World Superyacht Awards in 2009.
It underwent an eight-month long revamp when it was bought three years ago with the top deck completely redesigned.
The yacht was complete with five cabins, lounge areas and an entertainment system installed throughout.
The Atina was priced at €220,000 per week and operated in Corsica and the French Riviera, according to BOAT international.