[2] In May 1964, the Saxaren capsized and sank at Stor-Krån's dock in western Saxarfjärden [sv] and was written off by her insurers as beyond economic repair.

The sunken ship was sold to a pair of students and steamboat enthusiasts, Staffan Lindhé and Hans Johansson, for 1,200 kronor.

The ship was subsequently salvaged and repaired, and, after an abortive sale to Danish interests, was sold to Strömma Kanalbolaget in 1973.

[2] In 1985, the Gustafsberg VII was converted to diesel power, and her original steam engines were transferred to the Oskarshamn Maritime Museum, where they are still on display.

In 2013, she reprised her 1974 role, by carrying the guests of the wedding between Princess Madeleine and Christopher O'Neill from Stockholm to Drottningholm.