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Historic yacht Gipsy Moth up for sale

Sir Francis Chichester's legendary yacht Gipsy Moth IV has been put up for sale for $385,000. Chichester sailed the boat, a 54-foot Honduras Mahogany ketch, around the world in 1967, becoming the first person to single-handedly circumnavigate via all three capes.

After Chichester's death in 1972, the yacht lay in dry dock in Greenwich alongside the Cutty Sark, where she slowly deteriorated, until a British nautical publication lead a restoration project.

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