40-meter superyacht sank off the coast of Italy

A superyacht measuring nearly 130 feet sunk off the coast of southern Italy on Saturday, after members of the Italian Coast Guard rescued nine people from the submerging ship.

This weekend, the Italian press reported that the 39.4-meter motor yacht named "My Saga" sunk off the coast of Catanzaro Marina.

Video from the scene shows the massive boat teetering into the water before fully sinking stern-first.