The Lipton Cup is New Zealand’s oldest yachting trophy competed for by the same class. This race is sailed in 22ft L-Class yachts which are commonly referred to as Mullet Boats. Some of the race fleet are now over 100 years old and are still very competitive. The trophy, made by the same silversmith who made the America’s Cup, was donated by Sir Thomas Lipton who raced the America’s Cup 5 times, but never won.