Banque Privée Edmond de Rothschild Europe

Gitana Team

L’éclatement successif de deux bulles financières, celle de la technologie en 2000 et celle des subprimes en 2008, a réactualisé de manière douloureuse le concept de risque lié aux placements boursiers, obligataires ou immobiliers

Benjamin de Rothschild: a passion for multihulls

 

Nostalgia just isn’t what is used to be on the shores of Lake Geneva. The passion for sailing that his father Edmond passed down to Baron Benjamin de Rothschild has the sparkle of the sea, the taste of salt and the fragrance of fine sails. It does not, however, conjure up the varnished mahogany of sailing boats whose keel cuts the water like a knife. They are too expensive and not nearly thrilling enough – quite the opposite of multihulls, for which the Baron’s enthusiasm never wanes.

 

Dressed in a T-shirt and jeans and wearing a broad grin, he appears in the sitting room of the family’s Chateau de Pregny, near Geneva, for an interview. This lovely setting offers a view of Lake Geneva: “From my window I can see the Bol d'Or starting line,” he says, more with appetite than with pride. An ideal venue for nearly two hours of conversation with a banker whose enthusiasm for exceptional sailboat racing knows no limits – as long as it’s exhilarating!

Yachting Classique: Of all your family’s illustrious sailboats, which are your favorites?

Benjamin de Rothschild: I was very fond of the 6mJI and 8mJI, and the Formula 40s. But Gitana 11, which won the 2006 Route du Rhum, was my favorite. I love multihulls: not only are they fast but – and this may surprise you – I think they’re more beautiful. Gitana VI (1975 aluminum hull Stephens design, which became the “family boat,” Editor’s note) is my choice only for taking a sail with the family. Very often it’s moored in Brittany, at La Trinité-sur-Mer, where the Gitana team is based. From there I sail toward Houat, 11 miles away, and sometimes all the way to Groix (at a distance of 25 miles). That’s about all you can do with this Gitana, because when it comes to regattas, she doesn’t stand a chance anymore – not since the handicap allowance was withdrawn in the rating calculations. It’s a shame.

Y. C.: What’s your sailing style? Are you the type of sailor who’s constantly adjusting for one centimeter more or less in the jibsheet, the back stay, the mainsheet?

Benjamin de Rothschild: Not really. I like sailing and I enjoy tactics. Thanks to electronics it’s both easier and very exciting. I also like to winch, but I don’t want to take the helm. I’m not sufficiently.... I’m just no good, that’s all! And I prefer to let someone else do it. I’m quite content to be one of the crew.

Y. C.: Coming back to my first question, if you could keep only one boat, which would it be?

Benjamin de Rothschild: Gitana 11, no doubt about it. I am extremely fond of this boat, which I’ve sailed on many times. I never grow tired of her.

Y. C.: What does she have that the others do not?

Benjamin de Rothschild: Gitana 11 is the most comfortable, the most spacious, the most practical, and the quietest – with no cracking carbon sounds (bursts out laughing at his interviewer’s astonished expression). But what I really love is her extraordinary acceleration.

Y. C.: One would imagine a Baron de Rothschild on a 6mJI with varnish as dark as the depths of Lake Geneva.

Benjamin de Rothschild: Right, and while you’re at it, why not wearing coat and tails 24 hours a day too. No, I like to live with the times and today I’m 47 years old.... When you think about it, my father Edmond was ahead of his times when he launched Gitana VI and, in 1984, maxi-Gitana VIII, of German Frers design, with an aluminum hull and a carbon deck.

Y. C.: Are you aware of the role of the Rothschild family in the history of sailing?

Benjamin de Rothschild: When I was young it made quite an impression on me, but with age you understand that everything is relative. Sailing is, however, a sport where people can easily get madly extravagant. Take, for instance, the Maxi World Championship. From a historical perspective, ultimately it’s not terribly important, yet after each regatta, we start changing crewmembers, masts, keels, etc. And it gets to be expensive! Our Gitana team just won the first round of the Extreme Sailing Series (X-40 catamarans) in Oman, with Pierre Pennec. I’m extremely proud. We beat teams with three or four times more equipment! This is really satisfying.

Y. C.: Is sailing still a hobby for you or do you consider yourself to be a pro?

Benjamin de Rothschild: Sailing is a hobby. I’m surrounded by competent people who take care of everything.

Y. C.: As things stand today, here as we speak, which boat especially causes you to dream?

Benjamin de Rothschild (without a moment’s hesitation): I think rigid sails are fascinating.

Y. C.: When you are asked about boats, you reply with technical information, like a pure technician, like a competitor....

Benjamin de Rothschild: I think the old “classic” sailing boats are very beautiful, if that’s what you mean. Magnificent even! Yet I’m also too aware of the sum of worries they represent for the pleasure they bring. I think the owners of these boats love the objects themselves more than sailing, and why not? There’s nothing wrong with that, and I’m grateful for what they offer us – a feast for the eyes when you arrive in a port and behold some of these monuments crafted in wood!

Y. C.: What does America’s Cup bring to mind?

Benjamin de Rothschild: A great deal of money in proportion to the number of minutes spent on the water. The last one was really uninteresting, sadly. Every 20 years, this race gets out of hand.

Y. C.: But now they’ve switched to multihulls – you should like that! Aren’t you tempted?

Benjamin de Rothschild: I don’t see the point in racing multihulls because the first boat to sail will be the winner. And I know California too well; it doesn’t tempt me. Mozambique would be more interesting – I’ve just purchased some land there, where I go hunting. And I know the winds, which are steady (laughs).

Y. C.: What are your earliest memories at sea?

Benjamin de Rothschild: The very first was on Gitana IV. I couldn’t walk yet, but I fell through a hatch that had been left open on the deck. Quite a fright, especially for my parents! But I didn’t have a scratch. I also have many fond memories of the 6m JI.

Y. C.: And what was your biggest scare?

Benjamin de Rothschild: I was in Marseille for a week on Gitana VI. I must have been about 12 years old. The regatta took place during an unbelievable mistral. I was incredibly seasick the entire day. It was awful...probably because I could tell the crew was tense, and that must have frightened me.

Y. C.: And since then?

Benjamin de Rothschild: Nothing! I’ve experienced some unforgettable moments but they were not frightening. That said, I sail with true pros and I trust them completely.

Y. C.: Which of these “pros” has made the biggest impression on you?

Benjamin de Rothschild: Lionel Lemonchois (winner of the 2006 Route du Rhum on Gitana 11 in record time, Editor’s note). He is truly impressive as a skipper and sailing solo. Then there is Loïck Peyron, for his technical and maritime prowess, as well as Jean-Baptiste Le Vaillant, a trimmer who has no equal.

Y. C.: What’s your favorite route?

Benjamin de Rothschild: Quebec-Saint Malo. But this race isn’t run anymore, which is too bad. It was a delight.

Y. C.: But you seem to be obsessed with regattas! My question was about a sailing trip.

Benjamin de Rothschild (after some thought): I recall taking a lovely trip in the Swedish Islands. Then there’s Corsica, where the weather is warmer (laughs), which makes for a more comfortable sail.

Y. C.: Apparently, leisurely sailing trips are not your cup of tea.

Benjamin de Rothschild: I enjoy going for a sail with my wife and my four daughters. It’s a joy to see them on a sailboat. What’s not my cup of tea is the monohull: six knots running before the wind, three knots close hauled.... Once you’ve tasted multihulls, monohulls lose their excitement. In addition, you get completely soaked – like on a multihull – but the difference is that a multihull goes two or three times faster! Hardly worth it, don’t you agree?

Y. C.: If you look at it that way, definitely!

 

Interview with Baron Benjamin de Rothschild by Emmanuel Charras,

Yachting Classique March-April-May 2011, Number 48.