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  • Writer's pictureBoating-greece

The Maltese Falcon: The legendary sailing yacht, how it is after the refit and the sale of 50m.

Updated: Feb 27


falcon maltese boating greece

The three-masted yacht commissioned by Thomas J. Perkins as his third Perini Navi, S/Y The Maltese Falcon pioneered the revolutionary sailing system now known as the Falcon Rig: with in-mast furling system designed by Fabio Perini and unprecedented automation and safety features, the rig has allowed this 88m yacht to reach the incredible speed of 25 knots.


The Maltese Falcon’s spectacular interiors were designed by Ken Freivokh.


The iconic 88-metre sailing yacht, Maltese Falcon, emerged from an extensive refit at Lusben and embarked on a new voyage through Greece. With a steadfast commitment to preserving the late owner, venture capitalist Tom Perkins' original vision while incorporating the new owner's personal touch, the refit at Lusben shipyard in Livorno stands as a testament to the yacht's enduring allure and the yard’s unwavering attention to detail.

During six months, more than 80 skilled professionals meticulously worked on the mechanical systems and the interior of Maltese Falcon.

Following the hull's transformation, Lusben's expert teams meticulously carried out maintenance work on the yacht's intricate onboard systems, including generators, main engines, and propellers. Notably, the mast handling system received careful attention and a delicate overhaul.

Embracing the growing significance of sustainability in the boating industry, Lusben prioritized eco-conscious upgrades during the refit process.

Photos before and after refit

During the refit, the teak deck was replaced, and the interiors were refurbished, with a particular focus on the cabins and bathrooms to enhance comfort. The galley was also fully appointed to meet the highest standards.

falcon maltese boating greece

falcon maltese boating greece

The interior theme of the refit can be summarised in one word: brightening. Rome-based studio Emanuela Esposito is at the forefront of the new interior concept. “She was very dark before, lots of carbon fibre everywhere,” says Cafaro. The social areas will be replaced with blonde woods, cream tones, an Orientally-styled main saloon with new artwork and newly-appointed exterior decks.

The yacht's reconstruction gave it a new lease of life and Elena Ambrosiadou, one of the 50 most powerful women in the world, together with her partners at Pleon Ltd, which managed the 88-meter boat, signed the sales agreements a few months ago and "The Maltese Falcon" has changed ownership. According to information, it is the Italian group The Italian Sea Group, which is active in the construction and renovation of yachts over 50 meters. The founder and CEO is Giovanni Costantino, who acquired the yacht for $50 million.

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