The yachting trophies donated by New York Yacht Club mumber Ogden Goelet (1846-1898) were some of the most elaborate and massive of the period. In 1882, Goelet began his annual award of $1,000 for a cup for schooners and $500 for a cup for sloops, for the races off Newport, Rhode Island. The New York Yacht Club now owns two Goelet Cups for Schooners, both of a scale and sculptural quality comparable to this example (see Carpenter, Tiffany Silver, 1978, figs. 240 and 241). Three smaller Goelet Cups for sloops are known, two at the New York Yackt Club and the other at the Museum of the City of New York (see Carpenter, Tiffany Silver, 1978, figs. 43 and 243 and David B. WArren et al., Marks of Achievement, 1987, fig. 190, p. 155.)