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AN ENGLISH SILVER AND ENAMEL SPEEDBOAT TROPHY, GOLDSMITHS & SILVERSMITHS CO. LTD., LONDON, 1929one side chased with a motorboat below applied enameled flags for the United Kingdom and the Canadian Commonwealth, the other side with presentation inscription below Thomas Lipton's Shamrock racing flag, with winged caryatid handles, the cover with winged figure of Victorymarked on body and cover, stamped on base Goldsmiths & Silversmiths Co. Ld., 112 Regent St. W.82 oz2550 gheight 25? in.64 cm The inscription reads "Presented by Sir. Thomas J. Lipton, Bart. K.C.V.O. to the National Yacht Club of Toronto for competition Outboard Hydroplane Races Canadian National Exhibition Regatta 1929." Sir Thomas Johnstone Lipton (1848-1931), 1st Baronet, KCVO, established a chain of grocery markets across the United Kingdom and created the Lipton tea brand. As an avid yachtsman, he challenged the American holders of the America's Cup through the Royal Ulster Yacht Club five times between 1899 and 1930 with his yachts, Shamrock through Shamrock V. His well-publicized efforts to win the cup earned him a specially designed cup for "the best of all losers" and made his tea famous in the United States. Lipton was inducted into the America's Cup Hall of Fame in 1993. He bequeathed the majority of his fortune to his hometown of Glasgow, including his yachting trophies, now on display at the Kelvingrove Art Gallery and Museum.