The perpetual trophy was donated by the Lloyd family in 1950 in memory of Demarest Lloyd and his son Demarest Lloyd, Jr. Both father and son were enthusiastic sailors. Demarest Lloyd successfully campaigned his yawl "Angelica" in the early 1900's. He repeated this success with his subsequent yacht "Musketeer", which he raced and cruised until his death in 1937.
Demarest Lloyd, Jr. began racing O boats at age 12. He went on to sail in the S-boat class where his "Arrow" was a well respected competitor in Buzzards Bay. Shortly after graduating from college, he joined the US Navy and served as a fighter pilot with the Pacific fleet. He was killed in action over Guam on June 12, 1944.
Awarded from 1950 to 1986 to the winner of the NBYC Memorial Day Race, since then this trophy has been awarded to the overall winner of the June "Mini Cruise" race to Menemsha (15.5 miles).
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