Word: yachted
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Sailors forget their wives, their mistresses, their children and, of course, their bank accounts for the feel of the wind and the sound of the starting gun. Everybody remembers J. P. Mor gan's haughty retort not to ask the cost of maintaining a yacht. But everybody is doing his best to make a liar out of him. The price of a relatively modest 19-ft. Lightning racer is $3,200 (more than 10,600 sold to date), and that's just the beginning. "A boat," as one Miami sailor puts it, "is a hole in the water...
Stevens, a founder of the New York Yacht Club, when he sailed his new, 102-ft. pilot schooner America to England in 1851 to do battle with the Royal Yacht Squadron in a race around the Isle of Wight. The original price of the America was to be $30,000, but her builder had to knock her down to $20,000 because she did not prove the fastest boat in the U.S.* Against...
...family and friends were all against another campaign. "I told him not to," says Emil Sr.-and so did most of his friends, who argued that he had nothing to gain, everything to lose. Why risk the chance of going down in yachting annals as the man who finally lost the Cup for the U.S.? But the pressures were strong. For one thing, in 1961 he had become the second member of Jewish ancestry (although he is an Episcopal convert) ever elected to the New York Yacht Club...
...father, "Bus is extremely patriotic. He's no flag waver, but keeping the Cup here is very important to him." Finally, the Intrepid syndicate, managed by Philadelphia Banker William Strawbridge, offered him a chance to collaborate from the start with Architect Olin Stephens on the design of the yacht. Bus agreed, and eight models, 35 modifications, 18 months of tank tests and $750,000 later, Intrepid slid down the ways at City Island, N.Y., last April-the shortest (at 64 ft.), homeliest, most radical and most expensive 12-meter yacht ever built...
Last week it looked as though Damon's vale had held a double meaning: there was an unsolved matter of $ 1,000,000 and who it belonged to. Semenenko was out of touch on a yacht cruising the Mediterranean, but from Boston came word that he had agreed to turn over to the bank a $1,000,000 fee due him over a ten-year period for "special services" to Moviemaker Jack L. Warner. One such service: arranging the sale last year of Warner's stock in Warner Bros. Pictures Inc. to Seven Arts Productions Ltd., which Semenenko...