In 1851, the club's commodore, visiting the Great Exhibition, issued a challenge for the squadron's £100 Cup for a race around the island. The New York City–based "America", representing the New York Yacht Club, triumphed in this race, giving its name to one of the oldest and best-known trophies: the America's Cup. The victory was witnessed by Queen Victoria and the Prince of Wales, later commodore of the club and Edward VII.