One outstanding classic yacht of America’s Cup fame is now available for restoration. The 12-metre “Gretel” was challenger to the Cup in 1962 and, at the same time, the first Australian 12-metre ever. Designed by Alan Payne, this boat was quicker than the defender, the Philip Rhodes design “Weatherly”. It was in this regatta that the Americans lost a Cup race for the first time since the races between “Endeavour” and “Rainbow” in 1934. This challenge proved to become serious and quite thrilling, but in the end the Americans successfully defended the Cup due to the superior performance of “Weatherly’s” crew and skipper Emil “Bus” Mosbacher.