Third America's Cup race between Defender & Valkyrie III, Valkyrie III immediately withdrew after the start, leading to an eclat between her owner Dunraven and the New York Yacht Club.Valkyrie III, designed by Watson in 1894/1895; a rather wide boat compared to the 1893 Valkyrie II from where she can be distinguished always because she had her martingale, or bobstay spreader, attached to the bowsprit some two feet forward of the stem

LORD DUNRAVEN GIVES UP THE CONTEST; Last of the America's Cup Races This Year Simply a Walk-over for the Defender. VALKYRIE CROSSED THE LINE, THEN TURNED BACK Because No Guarantee of Non-Interference by the Pleasure Fleet Was Given, Dunraven Decided Not to Race. ALSO HE RECEIVED NO REPLY FROM THE REGATTA COMMITTEE.