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In the Modern 12-Metre Class, Intrepid steered by John Curtin collided head on with Enterprise, steered by J. F. Jouffray, causing extensive damage to the bows of both boats. Intrepid was the port tack boat and was required to steer clear of Enterprise.

"The two boats were reaching towards each other on opposite tacks with a closing speed of close to 20 knots," said one spectator. "It was a classic example of two pedestrians approaching on a sidwalk and each doing sideways shuffles into each other's paths."

The front two feet of Intrepid's bow was smashed in while Intrepid's aluminium plating was dented and ripped at the bow, with oil-canning impact damage all the way down the port side to the chainplates.

The other accident occurred in the Classic 12-Metre Class when Trivia, steered by Achim Griese attempted to tack clear of Northern Light, which was luffing on the start line just before the gun. Trivia's bow rode up squarely on the Northern Light's port rail, smashing the port coffeegrinder pedestal off its mount.

"It was 100 per cent my fault," said Griese. "I was attempting to tack clear. I only hope that they are able to repair the damage so that Northern Light can compete at the Porto Cervo regatta in two weeks time."

None of the on-the-water drama concerned America's Cup two-time winner Russell Coutts who, with the Grand Prix Class championship secure with a race in hand, headed for the golf links with his Swiss Team Alinghi teammates, leaving their class winner South Australia tied to the dock.

"I've never seen Russell more on his game," said Marblehead sailmaker Robbie Doyle, who was campaigning Valiant in the Modern Class. "He and his crew tuned and practiced with South Australia before the Jubilee and achieved more in two weeks than any average group of professionals would have in one year.

Team New Zealand's Cameron Appleton sailed Kiwi Magic into first place for the day and took second place for the week, while Australian America's Cup winner Australia II, steered by John Bertrand and Skip Lissiman finished third overall.

It was a nostalgic day for Australia II. Today was her last race, and "the little white pointer" left the dock to cheers and applause from pierside spectators. She returned after racing, flying her famous Boxing Kangaroo battle flag plus a giant Australian flag while supporters toasted her with copies quantities of Australian wine. Although Australia II is destined for retirement in a new Marine Museum in her homeport of Fremantle, there is now talk of building a replica for future 12-Metre events and racing.

Ernest Jacquet's Freedom, the 1980 America's Cup winner, added another victory today to her almost perfect score to win the Modern 12-Metre Class. In the Classic 12-Metre Class, Jacques Fauroux's former British America's Cup challenger Sovereign scored her second first place running to win the class, with Nyala owned by Patrizio Bertelli of the Prada Challenge taking second place.

Full results are available on the America's Cup Jubilee web site.

Results Grand Prix 12 Metre Class, 6 races, 1 discard:

1 SOUTH AUSTRALIA (Russell Coutts) 1.00 (1) 1.00 (1) 2.00 (2) 1.00 (1) 4.00 (4) 12.00 (DNF), 9.00 pts
2 KIWI MAGIC (Cameron Appleton) 5.00 (5) 2.00 (2) 3.00 (3) 3.00 (3) 6.00 (6) 1.00 (1), 14.00 pts
3 AUSTRALIA II (John Bertrand & Skip Lissiman) 2.00 (2) 4.00 (4) 5.00 (5) 2.00 (2) 3.00 (3) 4.00 (4), 15.00 pts 4."CRUSADER (Richard Matthews) 6.00 (6) 8.00 (8) 1.00 (1) 6.00 (6) 2.00 (2) 3.00 (3) 26.00 18.00
5 ECOSSE (Irvine Laidlaw) 3.00 (3) 5.00 (5) 7.00 (7) 4.00 (4) 1.00 (1) 6.00 (6), 19.00 pts
6 HISSAR (Edgar T Cato) 4.00 (4) 3.00 (3) 6.00 (6) 12.00 (DNF) 5.00 (5) 2.00 (2), 20.00 pts
7 "FIDDLER (Alfred B Van Liew) 8.00 (8) 7.00 (7) 6.00 (6) 12.00 (RET) 7.00 (7) 5.00 (5) 33.00 pts
8 "ITALIA (Don J L Wood) 7.00 (7) 6.00 (6) 8.00 (8) 5.00 (5) 8.00 (8) 7.00 (7), 33.00 pts
9 KOOKABURRA (David Allen) 9.00 (9) 9.00 (9) 10.00 (10) 12.00 (DNF) 9.00 (9) 8.00 (8), 45.00 pts
10 "KIWI (Michael Smith) 10.00 (10) 10.00 (10) 9.00 (9) 12.00 (DNF) 10.00 (10) 9.00 (9), 48.00 pts
11 MAGIC (Hans Bycholt) 11.00 (11) 12.00 (DNF) 12.00 (DNF) 12.00 (DNF) 12.00 (DNF) 12.00 (DNF), 59.00 pts