High Quality Content by WIKIPEDIA articles! "Valkyrie III" was the unsuccessful British challenger of the ninth America's Cup race in 1895 against American defender "Defender". "Valkyrie III," a keel cutter, was designed by George Lennox Watson and built by D & W Henderson & Company, Meadowside, Partick on the Clyde, Scotland in 1893 for owners Lord Dunraven, Lord Londsale, Lord Wolverton, and Captain Henry McCalmont of the Royal Yacht Squadron. "Valkyrie III" had a steel frame, a hull planked with American elm and teak, and a pine deck. Valkyrie III was launched on May 27th, 1895. After a few mixed test races (for which it was later criticized for lack of previous competition) it sailed to New York to prepare for the ninth America's Cup. Valkyrie III was beaten by "Defender" in all three Cup races.