Lot 524 Larchmont Yacht Club
10 Year 5.5% $250 Gold Debenture specimen, New York, 1926
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Founded in 1880, the club has hosted since 1885 the yearly Larchmont Race Week,
an event featuring hundreds of boats competing and racing in Long Island Sound.
The certificate's photo vignette shows the 1917 Larchmont Yacht Club’s flagship VARUNA.
It was the first yacht fitted out with the (Guglielmo) Marconi rig. The Varuna proved
that the Marconi rig was the fastest. Because of the physics of how force is generated by
wind blowing past a sail, tall thin sails give better performance upwind.
Archives International Part XXX
U.S., Chinese, Asian & Worldwide Banknotes, Coins, Scripophily,
Historic Ephemera & Security Printing Ephemera
- Dates
- Dec 11 session one
- Dec 14 session two
- Dec 14 session three (internet and absentee bidding)
- Place : Fort Lee, NJ
- Further info : see here
F.L.
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