The first Bucket regatta was organized in Nantucket, Mass., in August, 1986. Between 1986 and 2001, the Nantucket Bucket flourished, becoming a premier Mega Yacht Regatta that invited owners and crews of the world’s largest sailing yachts to sail to peak performance in a safe venue, in the spirit of wholesome competition. The concept of pursuit racing was brought to life by the Bucket, with each yacht assigned its own start time on a clear starting line for safety, and the start time calibrated to induce the yacht’s speed handicap. Consequently, the first yacht to cross the finish line, wins. Following the announcement that 2001 was to be the last Nantucket Bucket, the founders passed the torch to the present Bucket Organizing Committee: Hank Halsted (Exeter, R.I.), Ian Craddock (Italy) and Timothy Laughridge (Newport, R.I.). The summer venue was shifted in 2002 to Newport, R.I., where the event has since been hosted by the Newport Shipyard.