Newport - Neptune - Gulf
Welcome to the Newport, Neptune, Gulf sailboat website, exclusive to sailboats built by Capital Yachts Corp., Harbor City, California. These sailboats were built beginning in 1971 and ended in 1996 when the company went out of business.
There is no single site on the web for these sailboats, just bits and pieces of information on several different websites. Hopefully this site will change that and prove helpful to owners and perspective owners looking for information.
The pages will expand as additional information becomes available. If you have Brochures, Manuals, boat specs or information on the history of these boats, please contact our new webmaster.
Check back again from time to time to see how we are doing.
(The following although written some years ago, gives some idea of the character of the founders of Capital Yachts.)
Capital Yachts Corporation had its origin in 1971, when it current owners Jon Williams and Bill Smith bought only the tooling of the Newport Fleet from Elgin National Industries, (a New York based firm). Together, with the aid of two top Naval architects, Gary Mull and Cuthbertson and Cassian C & C), they formed a new and updated fleet of Newport sailboats which are presently manufactured at their privately owned plant in Harbor City, California.
Prior to this, Bill and Jon had an excellent foundation for manufacturing sailboats, both had been selling sailboats as retail dealers for the past nine years in the Greater Santa Monica Bay area. They were well versed in their field. Each did his own racing, commissioning, and warranty repair as a retail dealer. They were both sailing and selling Newport Sailboats.
Elgin National Industries elected to withdraw from sailboat manufacturing, for reasons of their own. "It is easy to build an expensive boat but few people are willing to pay the price." And those that do often times mislead by the fancy ad or brochure they have read. Jon and Bill saw a real need for a quality line of sailboats with hand laid hulls and decks, lead keels, heavy duty rigging and hardware, and interior designs for extended blue water sailing at a low, fair market price. (It is a known fact that many Newport owners have sold their boats for more than they originally paid for them – new and used.) In the beginning the odds were heavily against them, but due to their great desire and vast experience and with the aid of their banker, Sandy Greenberg, they entered into the sailboat manufacturing business. As it turned out, all of their production is presold, with a large and steady backlog.
The Newport Fleet's impressive record of race wins and its sizable list of enthusiastic owners tells the rest of Capital Yachts' history.
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Copyright © 2001 - 2014 John J. Quinn, 2015 Ken Wallace, All rights reserved.