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J.P. Morgan's Corsair IV

When J.P. Morgan Junior took delivery of the Corsair IV   in 1930, she was the largest and most luxurious private yacht ever built in the USA. Morgan used her for a decade, mainly on the East Coast and in the Caribbean, before gifting her to the British Admiralty to help with the war effort.

After WWII she re-entered service as a cruise ship, plying routes in Alaska and from Long Beach California down to Mexico. The photo below shows her in Vancouver, 1948. Less than a year later she struck a rock and sank in shallow waters off Acapulco.

The story began in 1882 when J.P. Morgan Senior, one of the world's richest men and an avid yachtsman, bought the 185-foot steamship Corsair . He then commissioned the bigger, faster and more luxurious Corsair II   (which the US Navy conscripted into service as a gunboat during the Spanish-American War) and the 304-foot Corsair III ,  a superyacht that featured a full-beam library, cases of wine and brandy, and humidors stocked with Cuban cigars.

Each of these three yachts generated great publicity, but media attention was particularly intense when the Corsair III was launched in 1898. It was at this time that Morgan made one of the most famous comments ever recorded. When a journalist asked him how much it would cost to operate a yacht of this size, Morgan replied:

Sir, if you have to ask that question, you can't afford it.

J.P. Morgan Senior

The Corsair IV

The Corsair IV was commissioned by J.P. Morgan Junior and built at Bath Iron Works, Maine. When she was launched in April 1930 she measured 343 feet in length and was the largest private yacht ever constructed in the USA. Nicknamed the "Princess of the Sea", she was an object of beauty with her black hull, clipper bow and elegant teak interiors. Morgan adored her, and reveled in the privacy she afforded him. One of his annual guests while cruising in Europe was the UK's Archbishop of Canterbury, and on one memorable occasion the two of them sailed across the Mediterranean to the Holy Land.

Following the outbreak of WWII and the Japanese attack on Pearl Harbor, most privately-owned yachts in America were requisitioned by the US Maritime Commission and converted for use as gunships or patrol boats. For reasons which aren't entirely clear, Morgan gave the Corsair IV not to the US Navy but to the British Admiralty. Based in Bermuda, she served out the war as a patrol ship in the Western Atlantic.

Life as a Cruise Ship

After the war there was a dearth of cruise ships on America's West Coast. Many of the great Canadian Pacific and Japanese liners that serviced this coastline in the 1920s and 1930s had been lost in sea battles or fallen victim to mines. To plug this gap, the Pacific Cruise Lines company was formed in 1946 and promptly snapped up J.P. Morgan's Corsair IV . The yacht was re-named Corsair and taken to Canada to be converted to a luxury cruise liner.

With accommodation for 82 passengers and a crew of 76, the new Corsair exuded luxury. Staterooms were not only bigger and better equipped than rival ships, they were fitted with carpets and air-conditioning (almost unheard of at the time), and included furnishings made from the finest materials. The Corsair debuted in September 1947, offering two-week cruises from California to Acapulco. Ticket prices were high, but in booming post-war America, so was the demand.

The Corsair was a great success. Her cruises sold out well in advance and her popularity exceeded anything her new owners had imagined. Before long she switched from Mexico to Alaska and became the first ship to offer luxury cruises to the Inside Passage. Soon after she reverted to Mexico, the Panama Canal and across the Caribbean to Havana. And then tragedy struck: in November 1949 the Corsair hit a rock off the coast of Acapulco and sank. Fortunately none of her 55 passengers or crew were harmed.

Made in China: the Nero

In the early years of this century, British entrepreneur Neil Taylor began hunting for a classic yacht to restore and re-model along the lines of the Corsair IV . When he couldn't find what he wanted, Taylor set up his own company, Corsair Yachts, and commissioned a near replica of J.P. Morgan's yacht from Yantai Raffles Shipyard in China. Launched in 2008, the sleek, black-hulled superyacht was christened Nero . The following year she triumphed in the "Best Motor Yacht Over 75 Metres" category at the ShowBoats Design Awards.

In 2014 the Nero was bought by Irish billionaire Denis O'Brien. Two years later he had her refurbished in Spain, requesting that she be brought up to European standards and given a classic, contemporary elegance. The Nero is now available for summer charters in the Mediterranean and winter service in the Caribbean & Bahamas. Since her introduction to the charter circuit she has won praise for her fusion of old-world charm and tasteful styling, with many clients commenting positively on her spacious interiors, Ralph Lauren decor and relaxed living environments.

Pinnacle Marine New Zealand

We have years of practical experience dealing with luxury yachts and are supported by a network of contacts throughout the industry. If you would like more information about luxury yachts, or anything else connected to the world of yachting, please feel free to contact us.

Grace, Michael (2008), The Tragic Life of the Corsair IV , New York Social Diary

Merl, Risa (2017), Nero: Inside the 90m Modern Classic Superyacht's MB92 Refit , Boat International

Viju, Mathew (2016), Eight Ways J.P. Morgan Defined the Good Life , Robb Report

Wisner, Bill (1975), The Golden Age of Yachts , Motor Boating and Sailing

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At Auction: Nautical Curiosities from J.P. Morgan’s Corsair

The second in a series of enormous steam yachts named Corsair was built for J.P. Morgan in 1890 by Neafie & Levy of Philadelphia, replacing an earlier craft used by the financier as a ferry between his Hudson River estate and office on Wall St. In 1897 the 241-ft. Corsair II became the flagship of the famed New York Yacht Club when Morgan was elected Commodore; in 1898 it was bought by the government and renamed the USS Gloucester , serving as a gunship in the Spanish-American War. Morgan, who commissioned an even larger Corsair to replace it, entertained great men of the day from Teddy Roosevelt and Thomas Edison to Mark Twain aboard the floating mansions fitted with every possible luxury.

Corsair with a Flagship banner. Some 220 pieces of it will be included in an historic sale of nautical curiosities from the various Corsairs and more at Boston Harbor Auctions on May 1. Other items from Morgan’s collection include a silver Tiffany & Co. cigar cutter designed in the Corsair ‘s crescent and star motif; his mahogany poker set complete with ivory chips; Boston-made brass ship’s clocks; embroidered table linens; specially bottled Scotch whisky and engraved tumblers; canvas covered wicker provisions trunks; and even a classic wooden launch from the Corsair III (pictured below in front of the NYYC in Newport). Not a bad haul….

Jared Paul Stern is the editor of Driven .

All photos courtesy Boston Harbor Auctions.

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Comments on “ at auction: nautical curiosities from j.p. morgan’s corsair ”.

Cute house.

Amazing. The interior is a wonder, I’m sure. I’ve been on Victorian Yachts at the Museum in Newport. Pianos, red velvet sofas. I can only imagine what’s in there.

Very cool. Great find MW.

Sweet! Bit of fun: the on-line catalog of the Morgan Library is called “Corsair.”

Jamie Dimon should buy it all.

I love the simplicity of the poker chips.

Comments are closed.

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To escape the often tempestuous financial scene, J.P. Morgan found solace on the sea and owned a series of yachts during the course of his lifetime. It is Morgan who, when asked the expense in maintaining such a vessel, is credited as saying the now cliché approximation of, “if you have to ask how much […]

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Corsair III in Vencie 1902

©The Morgan Library & Museum, Archives Collection

To escape the often tempestuous financial scene, J.P. Morgan found solace on the sea and owned a series of yachts during the course of his lifetime. It is Morgan who, when asked the expense in maintaining such a vessel, is credited as saying the now cliché approximation of, “if you have to ask how much it costs, you can’t afford it.”

Commodore of the New York Yacht Club from 1897 to 1899, Morgan purchased his first luxury craft in 1881, a 185-foot steam sailor christened Corsair . Just nine years later, Morgan commissioned the 241-foot Corsair II (designed by John Beaver-Webb and built by Neafie & Leavy out of Philadelphia), which included a 30-foot tender.

A haven from the public eye, the yacht was a pelagic playground for an elite few. Included among the onboard opulence was handmade bone china by Minton, Tiffany cigar-cutters, and a set of poker chips carved from ivory. The latter sold for $66,000 at auction in 2011.

In 1898, the Corsair II was conscripted into service by the United States Navy and became the USS Gloucester , a gunboat used during the Spanish-American War. This naturally necessitated that Morgan have a replacement, so the 304-foot Corsair III was constructed the same year by T.S. Marvel Shipbuilding. Amidst the yacht’s lavish layout were found a library that extended across the beam, a player piano, cases of wine and brandy, humidors stocked with Cuban cigars, and a comprehensive collection of dining accessories, including pearl-handled fruit knives, julep strainers, finger bowls and, of course, asparagus tongs. After Morgan’s death, the third iteration of Corsair saw action as a patrol ship in WWI and as a survey ship in the Pacific theater during WWII.

Sharing his father’s nautical nature, J.P. Morgan Jr. carried on the tradition by having the 343-foot Corsair IV completed in 1930. The largest yacht built in the United States at the time, it came at a cost of $60 million by today’s standards.

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Personal items revealing j.p. morgan's opulent life at sea to be sold.

• Artifacts to be sold from J.P. Morgan's yacht reveal high life of 19th-century American elite
• Items include silver sculpted lamp, ivory poker chips and hundreds of pieces of rare china
• Auction organizer says items show personal side of man known for exquisite taste
• Morgan commissioned the 241-foot yacht "Corsair II" in 1890

(CNN) -- Artifacts from the megayacht of 19th-century financier J.P. Morgan are to be sold this weekend at an auction set to reveal how one of America's most influential men enjoyed life aboard his second home on the high seas.

Commissioned by Morgan in 1890, the 241-foot yacht "Corsair II" played host to many of the era's richest and most prominent figures, including U.S. presidents Theodore Roosevelt and William Taft, billionaire tycoons John D. Rockefeller and Andrew Carnegie, as well as light-bulb inventor Thomas Edison.

Although the "Corsair II" has been long-since scrapped for parts, intimate items from the elegant, wood-paneled yacht will be auctioned Sunday in Boston -- with some lots expected to achieve bids in excess of $200,000.

The hundreds of artifacts for sale range from hand-crafted bone china bearing the Morgan family crest, to specially designed Tiffany cigar-cutters, to a vast and intricate silver lamp carved in the shape of a mythological dolphin and -- most luxurious of all -- a fully restored 30-foot launch boat.

But for Larry Lannan, owner of Boston Harbor Auctions , who will be handling the sale, the standout item is stored in a velvet-lined box with the "Corsair" flag embossed in silver: Morgan's set of ivory poker chips.

"The man loved poker and was known to play high stakes with all the heavyweight industrialists, financiers and politicians of the day," said Lannan.

"Imagine the hands that have touched these chips -- the likes of Andrew Carnegie and Henry Ford. Just imagine all the late-night cigar-fueled drama in the middle of the sea, the fortunes won and lost!"

John Pierpont Morgan dominated the world of corporate finance throughout the late 1800s until his death at the turn of the century, but was also renowned for his passion of and investment in the arts, once stating: "No price is too great for a work of unquestioned beauty and known authenticity."

While Morgan filled rooms with masterpieces of fine art and collections of expensive gems, "most of it he never touched," said Lannan. "What we have here is a selection of very personal belongings that he and his closest circle would have handled on a daily basis -- his whiskey tumblers, tea cups, his chess table."

But, though prosaic, they are no less refined. The 220 pieces of china on auction were specifically tailored to Morgan's demands by English firm Mintons -- who at the time supplied crockery to the royal family.

"The blue trim with the gold accents and the Morgan signature flag of a crescent moon and star alongside the New York Yacht Club burgee -- all this would have been to Morgan's specific wishes," Lannan revealed. "He was certainly a man of highly particular tastes."

And for those who'd like to know what success really tasted like in the 19th century, then the auction also contains a rare bottle of J & G Stewart Scotch whiskey direct from Morgan's cellar.

"I'm not sure that it'll actually taste very nice," conceded Lannan. "So I hope whoever buys it won't be doing so for the flavor!"

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Thursday, January 26, 2012

J.p. morgan jr.'s corsair.

12 comments:

Glamorous photo. As Morgan Sr. once said, "if you have to ask, you probably can't afford it"

Incidentally, Corsair was built at the Bath Shipyard here in Maine. We look at it in this photo and we're moved both by its graceful lines, and its tasteful opulence. What isn't entirely clear is its size: At 343 feet, it was likely around 150 feet and more LONGER than the Morgan house at Matinecock Point. Think about it.

Aaargh, I didn't mean to comment three times, but forgot to include this link to a good article about Corsair: http://www.newyorksocialdiary.com/node/30155

I don't own a hardcopy of this photo but it was among a number that sold at auction a few months ago that were part of a larger collection of Morgan family yachting possessions. Also sold was this beautiful trophy from J.P. and E.D. Morgan's racing yacht 'Columbia' (an America's Cup Defender): http://www.liveauctioneers.com/item/9921594

Today's word verification, "prime", is so appropriate for the subject of today's post. Also, great commuter yachton right of photo. My dad often told us about how he and his friends used to canoe under the bow of this magnificent yacht (while it was at anchor, of course). If any of you ever get to visit the Model Room of the New York Yacht Club, there is a large scale model of the Corsair (once the NYYC flagship)on display that is incredible. It features "cutaways" in the hull that allow you to peak into stateroom, head, coal bin, etc. Memorable, to say the least. OFLI

OFLI, I have indeed seen the model of Corsair at NYYC. Just extraordinary---as are so many of the models in that equally extraordinary room. There is also a magnificent model of the Corsair at the Maine Maritime Museum in Bath. It was made for the lobby of the Bath Ironworks, where Corsair was built. The fittings on that model are of gold to imitate the brass ones on the actual boat. Also on file at the Museum are the plans for Corsair. The various Corsairs plied Maine waters often---Mrs. Morgan Sr. and two of Morgan's Jr.s sisters all summered there (as did Morgan Sr.'s mistress), and the local Society columns of the day are full of tales of dinners held aboard the yacht, with sparkling guest lists, and tales of launches back and forth to shore. In his memoirs, Louis Auchincloss tells a marvelous tale of one Bar Harbor summer when his parents were summoned to dinner (his father sometime represented some of the Morgan interests). His mother, already invited to another party, made a social lie to her hostess of the sort that we're encouraged not to make as children, thus enabling them to go to the Morgan party. When called up by her children for the hypocrisy, she said that someday they would understand the necessity.

JP Morgan Chase owns a collection of dinnerware from the Corsair- terribly chic and elegant, emblazoned with the Corsair's flags (I think there's a nautical term for those triangular flags, but it escapes me) and comprising all sorts of items that no self respecting plutocrat would set to sea without: bouillon cups, oyster plates, celery dishes and the like.

DED, I'v driven past the Bath Iron works, but unfortunately, did not get a chance to stop in. I spent a few days at Small Point, Beautiful, but as one cruising book put it "... has mosquitos the size of sea gulls". Magnus, The small triangular flag you're referring to might be a burgee. For those of you interested in steam yachts, I would recommend the coffee table book, "The Steam Yachts: An Era of Elegance", by Erik Hoffman. Very nice book. In addition to the Ocean going yachts, it also features fast commuters, also owned by many of the North Shore's finest (such as the one pictured near the Corsair). On a nice day, it sure beatsa private train car or limo. OFLI

Magnus, love the details about the Corsair service. Quite remarkable, given the generally more casual air about even high end yachting nowadays, to think of the Morgans and their guests properly dressed for dinner, sitting down to delicate cups of consomme. The last time I was on a big yacht, a few months ago, it was ketchup bottles all the way. On the other hand, my great-grandfather, who was not particularly fancy in the big scheme of things, never went sailing without a tie, right into the 1960's. That era is very gone. OFLI, I have personally never seen a mosquito bigger than a sparrow up here, but I have heard of larger. I remember a summer evening many years ago, much too warm. I went down to the yacht club with the idea that I'd row a dinghy out to the center of the harbor and enjoy the still evening twilight. You'd think I'd know better in Maine at dusk in the summer. I lasted less than five minutes. I still remember the sound, like a million little dive bombers. It was like a scene in a horror movie---think 'The Birds' recast with mosquitoes.

I'm never clear on Morgan, Morgan Jr. - who owned "Matinecock Point"? Did Sr. first have property, then Jr. inherited? If I read the upside-down date(1894) stamped on copy I have - this yacht is Corsair II. Corsair I was a 185-foot purchase(1882) from Charles J. Osborn(Jay Gould's private banker}. Corsair II was 241-feet, commissioned after his father died around 1890. Designed by J. Frederick Tams and John Beavor-Webb. Corsair III was 304 feet built in 1899 by T. S. Marvel of Newburgh, NY. Corsair IV built at the Bath Works in 1929 was 343 feet. Link to captain's log on a early voyage - http://articles.businessinsider.com/2011-01-24/wall_street/30046344_1_brooklyn-bridge-jpmorgan-skylight

Half & Half, Morgan Sr.'s country estate was on the west bank of the Hudson River. As far as I know he never owned Matinecock.

O(F)LI: Burgee- yes. Thank you

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Welcome to the Golden Age of Superyachting

NERO evokes the spirit of 20th Century yachting glamour and successfully combines this with all the luxuries offered on a modern-day superyacht.  Inspired by J. P. Morgan’s fourth imagining of his Corsair yachts, the last of which was launched in 1930, NERO honours a classic lineage.

Pairing classic style with contemporary sophistication, NERO’s aesthetic is unique in modern superyachting.  There’s no mistaking the source of inspiration for NERO’s majestic lines and handsome profile.  From clipper bow to counter stern, NERO’s proportions are beautifully balanced between her masts with a classic yellow stack top adding the final touch to her signature look. More than just a nod to the golden age of yachting.

THE ONBOARD EXPERIENCE

Step aboard NERO to experience the ultimate in quiet luxury.  By balancing her refined early 20th Century interior style with modern day comfort levels, the result is an idyllic setting for guests to enjoy.  NERO can accommodate up to 12 guests in the most exceptional comfort. There are exquisite interior and exterior lounge areas, a choice of formal and casual dining locations, a cinema, fully equipped gym and beauty salon, and an art deco cocktail lounge where a gin rickey can be savoured while contemplating this vessel’s inspiring stature.

LUXURY ON EVERY DECK

Guest and entertainment areas onboard NERO include her expansive sun deck with its Jacuzzi tub and 5.7m resistance pool, multiple alfresco dining and relaxing options as well as the formal dining room, spacious lounges, a cinema room, beauty salon and a state-of-the-art gym.

If staying connected is important whilst onboard, NERO has the latest AV/IT systems installed. NERO is a hub like no other.

FIRST CLASS SERVICE

NERO has an experienced and dedicated crew of 20 providing unrivalled hospitality to all her guests. Carefully selected for their qualifications and knowhow, the crew share a unique passion for yachting and are focused on delivering an unforgettable and first class guest experience.

NERO’s 20 strong crew includes a Michelin level culinary team, masseuse, beautician, fitness coach and water sports instructors.

TENDERS, TOYS & ACTIVITIES

Not exactly what J.P.Morgan would have found on his Corsair yacht, but NERO sits firmly in the 21st Century with her enormous array of water sports equipment. There is something for guests of all ages, from a huge inflatable slide that will send you speeding from the sun deck into the sea, to a fleet of Jet Skis, SeaBobs, kayaks and even a flyboard to entertain even the most adventurous of your group.

NERO is served by three tenders. Her bespoke 9.5m Corsair limousine tender calls to mind the East Coast commuter boats of the 1920s and 1930s. There is also a 7.4m Zeta Elle tender and a 5.2m Nautica RIB.

ACCOMODATION

A spectacular duplex master suite with separate lounge, study, and his-and-hers bathrooms is the highlight of NERO’s accommodation.  The master suite is located on the main deck and enjoys direct access to the observation lounge and pool.

A stylish VIP suite is located on the lower deck, with a spacious bedroom, a private lounge space, a large bathroom with a Jacuzzi tub, his-and-hers sinks, and a separate shower.

The guest suites comprise four further doubles, with two that are convertible between twin and double arrangements.

Copyright Nero Yacht 2024

W. HITCHCOCK

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Cruising The Past Cruise News

Video – grace line mid-century west indies cruise ss santa rosa, cruise and social history: j. p. morgan’s most beautiful cruise-ship ever to sail… the s.s. corsair… a style we will never see again….

Posted by: Michael Grace May 16, 2013

J. Pierpont Morgan Jr. could never have imagined his yacht Corsair IV being converted into a deluxe cruise ship whose short career would end in tragedy but it happened on a sailing from California to Acapulco in 1949.

J.P. Morgan Jr. and his legendary business tycoon father, J. Pierpont Morgan, made cruise history, owning four magnificent yachts christened Corsair, and built three of them.

Each yacht was bigger, faster, and more comfortable than the preceding one.

The Morgan Corsair created major media attention for the times resulting in a legendary quote by the senior Morgan when he was asked how much it cost to operate a boat that size. His quick response: “Sir, if you have to ask that question, you can’t afford it.”

Corsair IV was constructed in Maine at the beginning of the Great Depression for $2.5 million (or about $60 million in today’s currency). Measuring 2,142 gross tons, with a registered length of 300 feet and overall length of 343 feet, the Corsair IV was the largest yacht ever built in the U.S. Designed in the traditional piratical look of Morgan yachts, CorsairIV was long, dark, heavy underneath – paler and suaver in the superstructure.

The Corsair launching in 1930.

When it was ready for launching in 1930, Morgan brought three private railway cars of family and friends up to the Maine shipyards for the occasion.

Morgan used her for ten years, mostly on the East Coast, in the West Indies and for trans-Atlantic record-breaking crossings. After an eventful career with Morgan, the Corsair IV was turned over to British Admiralty in 1940.

Following World War II, rich Americans had money to spend on cruises but choices were limited. Half the commercial passenger vessels had been sunk and the surviving liners demanded extensive refurbishing. It would be several years before many refurbished ships would be back in service or any new ships built.

This was especially true in California and on the West Coast. American Presidents Lines took three years to re-establish liner service to the Orient and it wasn’t until 1948 when Matson Line’s famous Lurline sailed again to Hawaii.

The magnificent pre-war Canadian Pacific and Japanese liners that once plied the Pacific had been brutally sunk in seagoing battles.

Life Magazine featured the new Corsair. It was probably the most deluxe cruise ship operating after World War II.

Realizing there was an untapped post-War luxury cruise market, the Skinner and Eddy Corporation, owners of the Alaska Steamship Company, created Pacific Cruise Lines in 1946.

The newly formed subsidiary immediately went looking for a ship and was lucky enough to quickly spot its prize, Corsair IV.

The former Morgan yacht was bought from undisclosed buyers and placed under Panamanian registry.

The Corsair (the IV was dropped) was taken to Todd Shipyards in New York for repair and overhaul, and then sailed to the Victoria Machinery Depot in Victoria, Canada, for conversion to a luxury cruise vessel.

The ultra-deluxe public rooms and staterooms aboard the Corsair.

In charge of her interior was the firm of William F. Schorn Associates of New York. Schorn was also responsible for giving the pre-war Moore-McCormick Liners cruising to South America from New York – Brazil, Argentina and Uruguay –a much more contemporary look. He provided the same meticulous detail to designing the modern accommodations for the new elegant Corsair. This was not just a paint job but also a total conversion for the former Morgan yacht to create elegant surroundings for the line’s future passengers.

The goal of Pacific Cruise Lines was to offer to the traveling public the world’s most luxurious cruise ship. The many letters received from the cruise passengers during the first year of service attested to that accomplishment.

The Pacific Cruise Line’s S.S. Corsair, ready to sail from Long Beach, California in 1948.

Accommodating only 82 passengers, all rooms were much larger and more commodious than as expected on shipboard at that time. No expense was spared in furnishing decorating each room with the very finest of materials and workmanship available. There were no berths on the Corsair and all staterooms featured beds. Each room had its own private bath.

There were a total of 42 rooms on the ship and the steward’s department personnel alone numbered more than forty. Each was responsible for the sole purpose of catering to the slightest desire of the carriage trade passengers. All public rooms, including the main lounge, forward observation lounge, cocktail lounge, etc., were completely carpeted and air-conditioned. This was also true of all bedrooms, sitting rooms and suites. Top European chiefs were hired to create haute cuisine. A total of 76 crewmembers and officers were aboard the new cruise ship, making the passenger to crew ratio almost one to one, equaling or surpassing the most high end cruise ships operating today.

The new Corsair made her debut on September 29, 1947 offering two-week cruises from Long Beach, California, to Acapulco, Mexico. The standard price per person rate averaged $600. Hardly a bargain since the ship’s cruise fare equaled more than a quarter of the 1947 typical U.S. family income.

The new cruise line placed attractive full-page ads for cruising on the new stylish first class Corsair in Holiday magazine. Demand for passage was heavy and the wait lists lengthy. During the summers of 1948, the Corsair was switched to Alaska. Sailing out of Vancouver, British Columbia, she provided the first deluxe two-week cruises ever offered to the Inside Passage. Another first for the Corsair Alaska cruises was a special chartered train transporting passengers from Whittier to famed McKinley National Park.

A series of cruises to Mexico, Havana via the Panama Canal and the Gulf of California were scheduled and completed in the spring of 1949. The cruise ship returned to Alaska for summer sailings and was to be followed by a season of cruises to Mexico from Long Beach beginning in October. Then tragedy struck on November 12, 1949.

The Corsair, during one of her autumn Mexican Riviera cruises, struck a rock and beached at Acapulco. Her crew and 55 passengers were put ashore in lifeboats.

There was no loss of life. Examined by her owners, the former Morgan yacht was determined to be a total constructive loss, and abandoned to Davy Jones’ locker.

Even during this age of mega-liners, no other ships will ever equal the elegance, exclusivity and style of the former Morgan yacht.

The Corsair’s legacy lives on only for divers willing to explore the remains of the vessel deep in the warm seas off Acapulco.

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As a recognised provider of yacht financing, we understand the personal benefits of owning a superyacht—as well as the beauty and craftsmanship that a luxury superyacht represents.

At J.P. Morgan Private Bank, we can assist you with your purchase of a new or pre-owned yacht, or to unlock the liquidity in a yacht you already own. You can benefit from our high level of diligence and experience, as well as our ability to offer flexible, cost-effective options that can address your cash flow, tax position and lifestyle needs.

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JP Morgan Seized a Russian Superyacht in Gibraltar

The investment bank won a court order that authorized the seizure of a $75 million superyacht owned by Russian billionaire Dmitry Pumpyansky.

JP Morgan Chase is behind the seizure of a Russian oligarch's superyacht in Gibraltar.

As Bloomberg first reported , " In one of the first public court actions by a bank to enforce on a debt against a sanctioned individual, JPMorgan won a court order authorizing Gibraltar’s port authority to detain the 73-meter (240-foot) yacht Axioma owned by Dmitry Pumpyansky."

Pumpyansky, a billionaire Russian businessman, was the owner and chairman of OAO TMK—a Russian manufacturer of steel pipes. He recently offloaded his stake in the company and left the board of directors, as he was added to the list of Russian oligarchs sanctioned by the European Union and the United States earlier this month.

"JPMorgan is acting pursuant to its mortgage rights," a spokesperson for the Gibraltar government told Business Insider . "Her Majesty's Government of Gibraltar is exercising rights to enforce freezing sanctions also." Gibraltar is a British Overseas Territory located south of Spain.

UK Secretary of Transport Grant Shapps tweeted , "It’s not only here in the UK Putin’s cronies aren’t welcome, but in all of our overseas territories too." He added, "Gibraltar has mirrored the sanctions I introduced on Russian-owned vessels—leading to the seizure of, oligarch, Dmitry Pumpyansky’s super yacht."

The yacht is one of several to be seized by European governments in recent weeks. The Russian-owned superyacht Phi, worth about $50 million, was detained in London yesterday —the first to be detained in British authorities. Shapps tweeted a photo of himself with the yacht in Canary Wharf.

Spanish, Italian, German, and French authorities have also seized luxury yachts owned by Russian billionaires .

Emily Burack (she/her) is the Senior News Editor for Town & Country, where she covers entertainment, culture, the royals, and a range of other subjects. Before joining T&C, she was the deputy managing editor at Hey Alma , a Jewish culture site. Follow her @emburack on Twitter and Instagram .

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Model of JP Morgan's "Corsair IV", 1930

Museum-quality ship model of JP Morgan's private steam yacht, the "Corsair" of 1930 built at Bath Iron Works. Equipped with built up mahogany cabins, planked deck, etc. Raked masts have standing and r

556. S.Y.CORSAIR MODEL SHIP | Replica of JP Morgan Steam Yacht, c. 1930 - 1940, model by Wm. E. Hitchcock, built ci. 1960's, San Francisco Ship Model Gallery, NY. | 35" l. model | Cracks in bottom cor

Precise model of the launch that J.P. Morgan would take to get to and from his palatial yacht Corsair while it was at anchor. The carved mahogany hull is fitted with benches, floorboards, cabins, cont

(Am.,1914-1998), acrylic on board, titled, signed and dated verso. Sight size: 9 1/2" high, 23 1/2" wide. Frame size: 10 1/4" high, 24" wide. Light soiling.

Expertly crafted model of J.P. Morgan's private commuter yacht "Navette," which he used to travel between his home on Centre Island near Glen Cove, New York and Manhattan. Navette was built by Herresh

Silver Bromide Print of the Steam/Sail Yacht "Corsair" underway, in the original blackened oak frame, under old glass, inscribed in ink lower right "T. Dennie Boardman with high regards, J. Pierpont M

Monogrammed nut pick with silver plated handle, with maker's mark Gorham. Engraved with JPM on front side and Corsair on reverse. Circa 1890.

J.P Morgan Minton oyster plates,Corsair,c.1880.These two oyster plates are in very good condition, they have the impressed Minton marks.////////////////////////////////////////////////////////////////

Rare original black and white photographs of J Pierpont Morgan. The first shows Morgan climbing the gangway of his beloved Yacht Corsair with her captain William B Porter, as it is off for a sail acro

1930's JP , possibly older ,Jouet de Paris , train station , Jouet de Paris ("JP" / "J de P" / "JEP", 1902-1968) was a much-loved French toy company rooted in the creativity of Paris during the "Belle

Pair of linen napkins from J Pierpont Morgan's private steam Yacht Corsair. Corsair is embroidered onto the napkins. Very soft and nice. Most certainly would have been used by J.P. himself. Very rare

In original glass case with plaque that reads "Steam Yacht - Corsair. Owner J. P. Morgan. Designer H. G. Gielow". American flag on front and rear. Elaborately built. Four large lifeboats and two small

Circa 1958-1960 plastic dealer promotional cars nine piece grouping, AMT Corp. 1959 Edsel Corsair, 1959 Lincoln Continental Mark IV, 1960 Ford Falcon and 1960 Ford Thunderbird, Johan Models Inc. 1958

Corsair ship model in mahogany and glass case on mahogany stand, marked on plaque: American Steam Yacht "Corsair" of 1899 owner J. Pierpont Morgan. ht. 58in., wd. 52in., dp. 15in.

American Wood, Brass and Fabric Model of the Corsair 20th century, the Corsair was an American steam yacht owned by J. P. Morgan and constructed at the Bath Iron Works, this carefully detailed model w

1930-1950s Wooden Model Plane Kits in the Box. Four kits Joe Ott Mustang, Cleveland P61, Sterling Corsair F4U1, and Cleveland Super Condor.

(lot of 9 cars) Lesney; Dodge Wreck truck No. 13; Foden concrete truck new model No. 21; eight wheel crane No. 30; Ford Zodiac MK IV No. 53; Taxi Cab No. 20; Ford Corsair No. 45; Mack dump truck new s

Isamu Noguchi (1904-1988)Model JP - Akari seriesSuspensionPapier WashiEdited by Ozeki & Co, Ltd.'Moon and Sun' ideogramModel created in the first half of the 1960sH 223 &#215; L 25 &#215; W 25 cm

Chinese Export 'LingLung' teapot-ex. JP Morgan, c. 1750, China, famille rose polychrome enameled porcelain, the hexagonal body decorated with rectangular panel on each side comprising floral branches

Set of 8 Minton fine English porcelain oyster plates having 'blue celeste' and raised gilt enamel decoration, 7 with "JPM" monogram, one with "M" cipher monogram, descending in the family of J. P. Mor

Heavy1-piece ivory moire silk faille elaborately embroidered in a polychrome silk and metallic gold satin stitch floral and gold tinsel, puffed elbow length sleeve with a ring of pearl beads over chif

Heading: Author: Montblanc Patron of Art Title: J. P. Morgan Limited Edition 4810 Fountain Pen Place Published: Publisher: Date Published: Description: Tribute to James P

Scarborough & Tweed J.P. Morgan navy blue cotton duffel bag. Measures approx. 20.5 x 11 x 11 inches. In good condition. Some surface wear consistent with exposure. Duffel bag, designer duffel bag, Sca

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CORSAIR yacht       J. P. Morgan's yacht       To escape the often tempestuous financial scene, J.P. Morgan found solace on the sea and owned a series of yachts during the course of his lifetime. He purchased his first luxury vessel in 1881, a 185-foot steamer christened Corsair. Nine years later, Morgan commissioned his first yacht -- the 241-foot Corsair (II). The Corsair yacht employed both sail and steam for propulsion. It was with the Corsair yacht that Morgan became commodore of the New York Yacht Club from 1897 to 1899. A haven from the public eye, the yacht Corsair was a pelagic playground for an elite few. Included among the onboard opulence was handmade bone china by Minton, Tiffany cigar-cutters, and a set of poker chips carved from ivory. The Corsair yacht served eight years for J.P. Morgan before she was purchased for $225,000 by the US Navy for service in the Spanish-American War.  She was renamed USS Gloucester. The last commander of the famous USS Maine, Lt. Richard Wainright, commanded her. "I thought the work was exceptional and the model beautiful. The only feedback I would provide is that the Corsair yatch flag is missing and we couldn't find reference to the name or which version of the Corsair this model represents. I think it's the second one, but not sure.  Other than that, it was really great! Many thanks again. Warm regards, Jean Elliott Director, Corporate History Program JPMorgan Chase Bank July, 2011 "   Nautical Antiques | Lannan Ship Model Gallery – Lannan Gallery Item added to your cart Lannan Gallery Corsair | Steam Yacht | 1890 | J.Pierpont Morgan Couldn't load pickup availability A magnificent model of the American Steam Yacht Corsair , 1890. With masts and booms, standing and running rigging, anchors, anchor davits, winch, deck lights, paneled deck houses, with doors and windows, deck rails, companionways, deck lights, open bridge with telegraphs, binnacle and helm, ventilators, stayed funnel, with safety valve, extension rails and pins, paneled bulwarks, aft helm and binnacle and five ship’s boats in davits, with interior fittings, as appropriate, and other details. The hull finished in black, green and mat-varnish, is mounted on two turned brass columns in inlaid mahogany framed glass case and table. Overall Dimensions: 50" x 13" x 56" Choosing a selection results in a full page refresh. Opens in a new window. 494 IMAGES JP Morgan's yacht Corsair Corsair J.P. Morgan's Corsair IV Yacht J.P. Morgan Jr.'s yacht 'Corsair,' as it arrived in Southampton Stock JP Morgan's yacht Corsair What is J.P. Morgan most famous for? COMMENTS J. P. Morgan's former yacht CORSAIR sailed as a deluxe cruise ship from Corsair IV was constructed in Maine at the beginning of the Great Depression for $2.5 million (or about $60 million in today's currency). Measuring 2,142 gross tons, with a registered length of 300 feet and overall length of 343 feet, the Corsair IV was the largest yacht ever built in the U.S. Designed in the traditional piratical look of Morgan yachts; Corsair IV was long, dark, heavy ... J.P. Morgan's Corsair IV Yacht The Corsair IV was commissioned by J.P. Morgan Junior and built at Bath Iron Works, Maine. When she was launched in April 1930 she measured 343 feet in length and was the largest private yacht ever constructed in the USA. Nicknamed the "Princess of the Sea", she was an object of beauty with her black hull, clipper bow and elegant teak interiors. At Auction: Nautical Curiosities from J.P. Morgan's Corsair The second in a series of enormous steam yachts named Corsair was built for J.P. Morgan in 1890 by Neafie & Levy of Philadelphia, replacing an earlier craft used by the financier as a ferry between his Hudson River estate and office on Wall St. In 1897 the 241-ft. Corsair II became the flagship of the famed New York Yacht Club when Morgan was elected Commodore; in 1898 it was bought by the ... The tragic life of the Corsair IV J. Pierpont Morgan Jr. could never have imagined his yacht Corsair IV being converted into a deluxe cruise ship whose short career would end in tragedy but it happened. J.P. Morgan Jr. and his legendary business tycoon father, J. Pierpont Morgan, owned four yachts christened Corsair, and built three of them. Each yacht was bigger, faster, and ... Yachts Yachts. To escape the often tempestuous financial scene, J.P. Morgan found solace on the sea and owned a series of yachts during the course of his lifetime. It is Morgan who, when asked the ... Personal items revealing J.P. Morgan's opulent life at sea to be sold Artifacts to be sold from J.P. Morgan's yacht reveal high life of 19th-century American elite. Items include silver sculpted lamp, ivory poker chips and hundreds of pieces of rare china. Auction ... USS Oceanographer (AGS-3) USS Oceanographer (AGS-3) was a survey ship of the United States Navy during World War II that produced charts chiefly of passages in the Solomon Islands area of the Pacific Ocean.Upon transfer to the Navy, she had initially briefly been named and classed as gunboat USS Natchez (PG-85).Before her World War II Navy service, she had been USC&GS Oceanographer (OSS-26), a survey ship with the ... J. P. Morgan J. P. Morgan's yacht Corsair II, later bought by the U.S. Government and renamed the USS Gloucester to serve in the Spanish-American War. Photograph by J. S. Johnston. Morgan was the Commodore of the New York Yacht Club (NYYC) and was present at a board meeting on October 27, 1898, to discuss the construction of a new clubhouse. Old Long Island: J.P. Morgan Jr.'s Corsair The various Corsairs plied Maine waters often---Mrs. Morgan Sr. and two of Morgan's Jr.s sisters all summered there (as did Morgan Sr.'s mistress), and the local Society columns of the day are full of tales of dinners held aboard the yacht, with sparkling guest lists, and tales of launches back and forth to shore. About Inspired by J.P. Morgan's legendary Corsair IV yacht, NERO was specially commissioned and built by Corsair Yachts in 2007. Launched in 2008, her design was crafted to exude the same regality and opulence that set sail in 1930. Corsair II Corsair II, second of the large yachts built by J. P. Morgan that saw service as USS Gloucester in the Spanish-American War. Ling-Temco-Vought A-7 Corsair II, a U.S. Navy Vietnam war era aircraft. This page was last edited on 16 October 2020, at 12:20 (UTC). Text is available under the Creative Commons ... NERO Yacht Welcome to the Golden Age of Superyachting. NERO evokes the spirit of 20th Century yachting glamour and successfully combines this with all the luxuries offered on a modern-day superyacht. Inspired by J. P. Morgan's fourth imagining of his Corsair yachts, the last of which was launched in 1930, NERO honours a classic lineage. An exhibition standard model of J.P. Morgan's steam yacht Corsair (II) Details. An exhibition standard model of J.P. Morgan's steam yacht Corsair (II) W. Hitchcock. a solid hull with painted red bottom, black topsides with inset portholes, black waist, planked and pegged decks fitted with numerous details including: jackstaff, anchor davit, anchors, anchor windlass, bollards, skylights, cabin structures, search ... j. p. morgan, ss corsair Corsair IV was constructed in Maine at the beginning of the Great Depression for $2.5 million (or about $60 million in today's currency). Measuring 2,142 gross tons, with a registered length of 300 feet and overall length of 343 feet, the Corsair IV was the largest yacht ever built in the U.S. Designed in the traditional piratical look of Morgan yachts, CorsairIV was long, dark, heavy ... Superyacht Financing As a recognised provider of yacht financing, we understand the personal benefits of owning a superyacht—as well as the beauty and craftsmanship that a luxury superyacht represents. At J.P. Morgan Private Bank, we can assist you with your purchase of a new or pre-owned yacht, or to unlock the liquidity in a yacht you already own. JP Morgan Seized a Russian Superyacht in Gibraltar JP Morgan Chase is behind the seizure of a Russian oligarch's superyacht in Gibraltar. As Bloomberg first reported, "In one of the first public court actions by a bank to enforce on a debt against ... Model of JP Morgan's "Corsair IV", 1930 Exceptional, museum quality model of Corsair IV, JP Morgan's private steam yacht. This model is outfitted with raised paneled mahogany cabins, planked deck, turned brass fittings, rigged masts and etc. Detailed longboats and launches hang from davits. The vessel flies the New York Yacht Club burgee and the Morgan house Nero (yacht) Corsair II (built 1899 for J.P. Morgan). Nero was commissioned and designed by London-born entrepreneur Neil Taylor.Nero's design is based on a line of Corsair yachts built by J.P. Morgan. [2] Taylor intended to restore a yacht from J.P. Morgan's era but was unable to find one that met his requirements, so he planned to build a modern replica. Model of JP Morgan's "Corsair IV", 1930 This model is outfitted with raised paneled mahogany cabins, planked deck, turned brass fittings, rigged masts and etc. Detailed longboats and launches hang from davits. The vessel flies the New York Yacht Club burgee and the Morgan house flag. Mounted into a mahogany display case with matching table. Dimensions: 57"H x 56" W x 16"D, 89 lbs. JP Morgan's yacht Corsair J. P. Morgan's yacht . To escape the often tempestuous financial scene, J.P. Morgan found solace on the sea and owned a series of yachts during the course of his lifetime. He purchased his first luxury vessel in 1881, a 185-foot steamer christened Corsair. Nine years later, Morgan commissioned his first yacht -- the 241-foot Corsair (II). USS Gloucester (1891) USS Gloucester was a gunboat in the United States Navy.She was built in 1891 as the yacht Corsair II for J. P. Morgan by Neafie & Levy of Philadelphia, to a design by John Beavor-Webb. [1] The yacht was acquired by the Navy on 23 April 1898 and commissioned Gloucester on 16 May 1898 with Lieutenant Commander Richard Wainwright in command. Steam Yacht A magnificent model of the American Steam Yacht Corsair, 1890. With masts and booms, standing and running rigging, anchors, anchor davits, winch, deck lights, paneled deck houses, with doors and windows, deck rails, companionways, deck lights, open bridge with telegraphs, binnacle and helm, ventilators, stayed funnel, with safety valve, extension rails and pins, paneled bulwarks, aft helm and ... catamaran gulet motorboat powerboat riverboat sailboat trimaran yacht