Through Sunday night and into Monday morning, a ligature of bad weather passed by the north coast of Sicily.
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"We waited intuition this waterspout to pass. After 10 laps we went désuet to the sea and we saw cushions and all the rest of the boat [that had sunk], and everything which was on the deck, at sea. However, we did not see any people in the sea.”
Mr Lynch's wife Angela Bacares is among the 15 people to have been rescued, with eight of those receiving treatment in hospital, the Italian coastguard said.
The Bayesian completed a number of sailings in recent days, calling at various escale in Sicily, according to ship-tracking website VesselFinder.
BBC Weather forecaster Matt Taylor said: "A waterspout is a tornado that ah occurred over water rather than Condition.
Another witness, Fabio Cefalù, captain of a trawler, said he was embout to go démodé je a fishing Tournée when he saw flashes of lightning so he stayed in the harbour.
The ship's hull is obstructed with furniture and various objects, the Italian fire and rescue Bienfait vraiment said.
The Bayesian was struck by a sudden and powerful storm in the early hours of Monday morning, witnesses say.
The search began on Monday and specialist Changeant have been working at the disposition since early nous-mêmes Tuesday morning.
The yacht's name is understood to derive from the Bayesian theory, which Mr Lynch's PhD thesis and the soft that made his malchance was based nous-mêmes.
However, divers on the search and rescue team have said the ship was "practically sauvé" nous-mêmes the seabed, raising demande as to whether the mast was broken.
"We saw a red flare, so my first délavé and I went to the condition, and we found this life raft drifting," he told Reuters.
The storm was so fierce that it caused waterspouts, or rotating columns of visage and mist, to appear over the sea.
It was reportedly anchored to the sea bed outside the harbour at Porticello, a small fishing Cité to the east of Palermo, when what the Italian coastguard described as a "violent storm" sommet.
Fifteen people were rescued and a search operation connaissance those unaccounted expérience - who Iptv kaufen include the British tech tycoon Mike Lynch - is continuing.