The 1987 America's Cup was the twenty-sixth challenge for the America's Cup. The American challenger Stars & Stripes 87, sailed by Dennis Conner, beat the Australian defender Kookaburra III, sailed by Iain Murray, in a four-race sweep in the best of seven series. Conner thus became the first person both to lose the America's Cup and then to win it back. The series was held in Gage Roads off Fremantle, Western Australia during the Australian summer months between October 1986 and February 1987. The Royal Perth Yacht Club was the defending club and the organiser of the defence series. Yacht Club Costa Smeralda of Porto Cervo, Sardinia was appointed the challenger of record and hence the organiser of the challenger series. This was the last time that 12-metre class yachts were used in the America's Cup and the first time for 132 years that it had not been defended by the New York Yacht Club. Background The 1983 America's Cup off Newport, Rhode Island was the most significant America's Cup regatta since the first event off the Isle of Wight. Alan Bond's Australia II pulled off a major upset by winning the series from Conner's Liberty to become the first success in twenty-five challenges for the Cup. The New York Yacht Club had previously built the longest winning streak in international sporting history, having successfully defended the trophy over 132 years. Most previous challenges had been from the United Kingdom – notably by Scotsman Sir Thomas Lipton who had challenged five times between 1899 and 1930 in his Shamrock sloops. Australia mounted its first challenge in 1962 with 12-metre class yachts when Sir Frank Packer and his Gretel were beaten 4–1. Packer made more challenges, with Dame Pattie and Gretel II. Alan Bond mounted his first challenge in 1974 with Southern Cross, followed by Australia in 1977 and 1980 and ultimately had success with Australia II in 1983. It was in this context that the 1987 America's Cup was seen as the best opportunity yet for a successful challenge, as the event was now outside the control of the NYYC and held in a location with strong but variable breezes, unlike the predictable and placid winds off Rhode Island. The regatta therefore attracted enormous additional interest over previous series. The venue Selection Following the 1983 win, there was speculation over the likely location of the defence, with three main candidates