Bid to sail a maxi

Opening starts at $30,000 to sail former Pegagus in west coast regatta

Wednesday February 23rd 2005, Author: Rich Roberts, Location: United States
Scout Spirit, the Reichel Pugh 78-foot, fractional rig, maxi turbo sled recently donated to the Newport Sea Base, is being auctioned to race in the First Team Real Estate Invitational Regatta May 19-22.

The boat currently is contending for top big-boat honours in the Corum International Yacht Race from Marina del Rey to Puerto Vallarta.

Scout Spirit was originally known as Zephyrus IV, when it set the current record for the Cape Town to Rio de Janeiro race. Later, it sailed under new ownership and the name Bright Star until donated to the Newport Sea Base.

Those seeking adventure on the water and the speed of world-class racing yachts won’t want to miss this unique opportunity to skipper one of the faster sailboats. “This is a chance to race Scout Spirit for an entire weekend, as if it were your own,” Jay Swigart, event co-chair, explained, “and your contribution benefits the community, given that auction proceeds are donated to Hoag Hospital and the Newport Sea Base.”

Event co-chair Jim Madden said, “this is truly a unique opportunity to enjoy an e-ticket ride and test your sailing skills against some of the best sailors in the world.”

The top bid also will receive event Silver Sponsor privileges, including logo recognition on Scout Spirit, banners, advertisements and a variety of printed materials, as well as access to elite social functions held throughout the event.

The minimum bid starts at $30,000 with a $500 incremental increase for each new bid. Online auction close date is March 31, 2005. If a bid is placed for $40,000 in the “buy it now” option, the bidder will win the auction. Auction proceeds will benefit Hoag Hospital and the Newport Sea Base.

The First Team Real Estate Invitational Regatta will bring together top calibre yachts, including the maxZ86s, off-shore racers over 50 feet in length and Transpac 52s. The growing list of boats currently includes America’s Challenge II, Bolt, Genuine Risk, Grand Illusion, It’s OK, Magnitude 80, Margaritaville, Pendragon IV, Pyewacket, Scout Spirit, Stark Raving Mad, Taxi Dancer and Vicki.

As the facilitating yacht clubs, Newport Harbor Yacht Club and Balboa Yacht Club will provide on-the-water race management for the regatta. First Team Real Estate is the title sponsor, playing a key role in the event preparation and sponsorship support. Silver Sponsors include Bank of America, Daily Pilot, Hewitt, and Merrill Lynch. Additional sponsorship opportunities are currently available. Event proceeds will benefit Hoag Heart and Vascular Institute.

For more information and to submit a bid, visit

About Hoag Heart and Vascular Institute
Hoag Heart and Vascular Institute, a designated Center of Excellence at Hoag Memorial Hospital Presbyterian in Newport Beach, Calif., is Orange County’s highest-volume, highest-rated cardiovascular program and one of the preeminent cardiovascular centers on the West Coast. Specialties of Hoag Heart and Vascular Institute include diagnostic cardiology, cardiothoracic surgery, vascular surgery, endovascular diagnosis and treatment, interventional cardiology, interventional radiology, electrophysiology, cardiac rehabilitation, disease management, prevention services, and research. In 2001, Hoag Heart and Vascular Institute received Southern California’s highest rating in the state’s first public report evaluating hospital performance of heart bypass surgery, the California Report on Coronary Artery Bypass Graft Surgery: 1997-1998 Hospital Data.

About First In Our Hearts Foundation
In 2004, First Team Real Estate established the First in Our Hearts Foundation as a company wide philanthropy created to maximize the charitable efforts that have been an integral part of the company since its founding almost 30 years ago. Because their work brings them so close to homes, families, and neighborhoods, the tradition of giving back to the community runs deep among the sales associates and employees at First Team. Now, through the focused efforts of the First in Our Hearts Foundation their impact is greater than ever. And, in its inaugural year the Foundation is proud to announce its two-year commitment in support of Hoag Heart and Vascular Institute.

About Newport Sea Base
The Newport Sea Base is a youth maritime center for the community with the mission to serve the youth of Greater Orange County by providing quality marine programs that will instill solid values, teach effective team work, impart nautical safety skills and provide a venue for all to enjoy the wonders of the waterfront. Established in 1937, the Newport Sea Base is operated by the Orange County Council of the Boy Scouts of America, on land leased from the County of Orange. For more information, please visit

Early entries:

America's Challenge (Volvo 60), Neil Barth, Newport Beach.
Bolt (Nelson/Marek 55), Craig Reynolds, Newport Beach.
Genuine Risk (Dubois 90), Randall Pittman, San Diego.
Grand Illusion (Santa Cruz 70), Ed McDowell, Lahaina, H.I.
Magnitude 80 (Andrews 80), Doug Baker, Long Beach, Calif.
Margaritaville (Andrews 52), Jay Steinbeck, Los Angeles.
Pyewacket (Reichel/Pugh maxZ86), Roy E. Disney, Los Angeles.
Scout Spirit (Reichel/Pugh 77), David Janes, Newport Sea Base Syndicate, Newport Beach.
Stark Raving Mad (J/145), Jim Madden, Newport Beach.
Taxi Dancer (Mull 68), Paul Sharp, Newport Beach.
Vicki (Andrews 68), Al and Vicki Schultz, Long Beach, Calif.

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