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| Architect | Olin Stephens |
| Builder | Minneford Yacht Yard |
| Owner | Courageous Syndicate |
| Club | New York Yacht Club |
| Skipper | Ted Hood |
| Type | 12 MJI |
| Length HT | 19.94 m |
| Draft | 2.64 m |
| Displacement | 24.6 tons |
| Sail area | 166 m2 |
Southern Cross 
Challenger
Southern Cross
| Architect | Ben Lexcen |
| Builder | Halvorsen, Morson & Gowland |
| Owner | Alan Bond |
| Club | Royal Perth Yacht Club |
| Skipper | Jim Hardy |
| Type | 12 MJI |
| Length HT | 20.45 m |
| Draft | 2.74 m |
| Displacement | 27.55 tons |
| Sail area | 168 m2 |
The winner
Courageous was the first twelve-boat built from aluminum, which was lighter and stiffer than wood. It was helmed by Ted Hood, the famous sailmaker. It beat Southern Cross 4 to 0. Race 1 started closely, but Hood quickly took the lead. In the remaining races, Courageous's superiority only increased.
the looser
Ben Lexcen says he gained valuable experience during this challenge for the future.