Lot Essay
Launched from the New York yard of Smith & Dimon on 22nd January 1845, the Rainbow was built to the order of Howland & Aspinwall, also of New York, for their fleet of China traders. Registered at 757 tons and measuring 159 feet in length with a 32 foot beam, she was said to resemble closely the Ann McKim, another Howland & Aspinwall ship and believed to be the fastest merchant ship then afloat. After a relatively short career, during which she made a near-record run from Hong Kong to New York in 79 days in 1846, she was lost without trace after leaving New York, bound for China via Valparaiso, in March 1848; it was surmised at the time that she foundered off Cape Horn.