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Dramatic video captures the moment superyacht sinks off Italian coast

Dramatic footage has emerged of the moment a 130-foot superyacht capsized off the Italian coast over the weekend, sinking stern-first into the water.

The video, released by the coast guard, showed the yacht named My Saga struggling against the waves before sinking near the Catanzaro Marina on Saturday.

Video shows the boat listing to one side before sinking. Guardia Costiera
The boat eventually sank stern-first. Guardia Costiera
Officials rescued nine people from the boat. Guardia Costiera

Officials confirmed that nine people were rescued from the sinking vessel.

The cause of the incident is under investigation.

Designed by naval architect Tim Heywood, My Saga was built in Italy in 2007. At the time of the incident, the boat was en route from Gallipoli to Milazzo under a Cayman Islands flag.