Dramatic video shows a brand-new luxury yacht sinking just minutes after it was launched off the coast of Turkey, forcing its crew to leap overboard.According to reports, the new $1 millionvessel, an 85-foot cruiser named Dolce Vento, was launched Tuesday in the Ereli district of Zonguldak, a port city on Turkeys Black Sea.The amateur video shows the boat being pushed into the ocean down a track on the beach and then swaying within 15 minutes of setting off.As bystanders watched, the luxury yacht lurched to one side, tilting dangerously before taking on water.MEGA-YACHT WITH 400 PASSENGERS CRASHES INTO NEW YORK CITY DOCK, INJURING NEARLY A DOZENChaos erupted as people on board had to scramble onto the sloping deck. As the vessel sank quickly, they were forced to dive into the sea.One clip shows a man in a dark suit standing on the vessels side before springing into the water.The Turkish Coast Guard and port teams reportedly rushed to the scene, setting up a security perimeter around the capsized craft as it slipped further into the water, per TMZ.RUSSIAN OLIGARCHS $325M SEIZED SUPERYACHT HEADS TO AUCTION AS TRUMPPUTIN SUMMIT NEARSAccording to TMZ, a spokesperson for the shipyard hosting the yacht, Med Yilmaz, said the cause of the disaster is under investigation.Technical inspections will be carried out to determine whether a construction flaw, balance issue or human error doomed the luxury vessel.Fox News Digital reached out to the Turkish Coast Guard for comment.