Founded in 1908 the Lüders yard specialised in the design and building of fast commuter launches, Navy patrol boats, tugs and racing yachts. During WWII it built submarine chasers for the US Navy and was renowned for its fast, planing hulls. It was also a pioneer in hot-moulded and marine plywood construction. In 1958 it built the successful America’s Cup defender, the 12-metre Weatherly, which vanquished Australia’s Gretel in 1962 at Newport, Rhode Island. The company folded in 1968, unwilling to embrace fibreglass construction. Laughing Lady is a rarity – believed to be one of only three Lüders powerboats in existence today.