What is it?

Artist unknown, location/date unknown, subject unknown. (sold at a Bonhams auction in 2010) - What is it?

here is what I make out:
spoon bow and vertical sail panels: 1892-1899
candidates with large, black hulls: Calluna , Britannia, Valkyrie (1893), Ailsa (1895) or Meteor I (1896)
(I ruled out Navahoe and Satanita (1893) because their bow shapes donot seem to match closely)

UPDATE: Theo Rye has identified the yacht as the Herreshoff sloop Navahoe, read his comment below.
UPDATE:The photograph was shot in 1905 by Frank William Beken.
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