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How Thomas Lipton became 'the best of all losers' The last time the America's Cup was held in New York, Woodrow high quality designer replica handbags wholesale Wilson was President and large wooden sailing yachts raced each other calmly across the water at a sedate 20 miles per hour. This weekend, for cheap louis vuitton bags from china the first time since Irish Scottish tea baron Thomas Lipton lost the 1920 race to a New York Yacht Club syndicate led by railroad tycoon and art collector Henry Walters, the city will play host to the world's most famous boat race when the Louis Vuitton America's Cup World Series sails into town. Instead of elegant yachts, the six teams competing in the Louis Vuitton World Cup series ahead of next year's America's Cup in Bermuda will face off in carbon fiber catamarans that look like jet airplanes, capable of going up to 40 miles per hour. The boats may have changed beyond recognition but one thing has remained the same