On April 30, 2024, the winner of the competitive selection, Troostwijk Auctions (Netherlands), informed ARMA in a letter that it refused to continue negotiations to prepare and sign an agreement on organising the auction. The reasons given are confidential and not subject to disclosure.

Accordingly, under the terms of the Competitive Selection, an offer for the sale of the 92-metre yacht Royal Romance was made on May 1, 2024, to the second-place participant, who received a total of 108 points.

"ARMA has already received an official confirmation from the American auction house Boathouse Auctions that negotiations with their representatives have been initiated. We are currently discussing in detail all legal issues and legal safeguards for the auction. This is the first time that Ukraine has faced the issue of selling a seized asset of this scale abroad. The yacht must be sold, and the proceeds from its sale must strengthen Ukraine's defence capability against the enemy. The National Agency is doing everything possible and in a very short time, including appealing to the Prosecutor General's Office, law enforcement agencies of Ukraine and Croatian authorities to extend the temporary arrest measures, as provided for by Croatian law," said Head of the National Agency Olena Duma.

Boathouse Auctions is an American auction house. It has been on the market since 2018. Created exclusively for the sale of high-quality yachts. They have years of experience in the global market. About 7 thousand brokerage companies from all over the world cooperate with them, and they are planning to involve them in the sale of the Royal Romance yacht.