Morgan took part in yacht races with Waturus along the East Coast of the United States .
The archduke sold the vessel to Randal Morgan , an American , in 1902 for $150,000 and Morgan paid a further $40,000 to refit the yacht .
Morgan took part in yacht races with Waturus along the East Coast of the American   .
The archduke sold the vessel to Randal Morgan , an American , in 1902 for $150,000 and Morgan paid a further $40,000 to refit the yacht .