Lot Essay
Built for J. Pierpont Morgan in 1890, the Corsair served as a notable flagship. In April 1898, Morgan sold her to the US Navy for $225,000. The Navy converted her to a dispatch vessel and patrol gun boat, and named her USS Gloucester. She was sold out of the Navy in 1919 and into commercial service. The Corsair was destroyed in a hurricane at Pensacola, Florida.