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I am looking at one of the most beautiful yachts I have ever seen. She is a 130ft cutter-rigged sloop, with sleek, graceful lines, four sets of spreaders, teak woodwork glowing like fresh honey, a pale grey hull, and a Cayman Island flag so large that it actually just dips into the water at its stern. She bobs gently at anchor next to us in the wide bay and is simply a pleasure to look at. It certainly deserves the title of superyacht.