The Ring-Andersen Yacht's New Home

by Deidre Woollard (RSS feed)
Apr 10th 2006 at 7:02AM

I'm a sucker for a good yacht donation story. The classic sailing vessel shown here, The Ring-Andersen, was recently donated to the Virginia Maritime Heritage Foundation. The Ring-Andersen was originally built as a cargo ship in 1948 but was refitted as a sailing yacht. The ship which has been appraised at $3.2 million was given by an anonymous donor. The ship, which as been used as a charter vessel in the past, may end up being sold within the next few years to provide income for the foundation. For now, the ships is moored in the Elizabeth River next to the schooner, Virginia. The Ring-Andersen may be sold again in a couple of years in order to raise funds for an endowment to provide income for the foundation.

Tags: donation, ring-andersen, sailboat, sailing yacht, water, yacht