A 50ft sailing yacht, seized under the Proceeds of Crime Act for drug smuggling, that currently sits in Milford Haven will be auctioned off this week.

Wilsons Auctions has been instructed on behalf of the National Crime Agency (NCA) to offer another yacht amongst Lots in the upcoming Online Luxury Goods Auction.

Seized under the Proceeds of Crime Act, ‘Sy Atrevido’ will be sold unreserved, meaning it will go to the highest bidder of the auction.

Currently located in Milton Haven, Sy Atrevido is a 50ft yacht that was built in 1996.

Bidding will be open to the public in a timed online format. The auction will open for bidding on Thursday, May 26 at 11 am.

Registered customers will have a 24-hour window of opportunity to bid online before the auction closes at 11 am on Friday, May 27.

Wilsons Auctions’ Government Contracts Manager, Mark Woods said: “We are delighted to manage more seized vessels at auction this month for our vendors.

“Sy Atrevido is another high-profile UK case on behalf of the NCA with reports that around £60m worth of cocaine was found on board the 50ft yacht.

“The great range of other luxury Lots should appeal to a wide variety of bidders – new buyers are always welcome to the auction process at Wilsons Auctions.

“The online element of the auction is extremely convenient for bidders around the world to register and get involved.”

“We are proud to facilitate auctions on behalf of our government and law enforcement agency clients. We play an important role in realising a large quantity of assets on behalf of these clients and in recent years, these auctions have seen us responsible in returning in excess of £130 million back into the public purse.”

All details can be found online at wilsonsauctions.com