After harboring nearly 30 years in Tomales Bay, the historic 1905 Monterey clipper ship owned by the late William Corbett is now up for sale.

Meticulously restored, and painted in the traditional red, white and blue pattern of the Italian fishing boat it was built to be, the "Oh Bill!" has long been admired by passers-by at the Golden Hinde Marina in Inverness.

Hart Corbett, son of the late owner, said he believes it is the second oldest boat of its kind still left in the world.

The elder Corbett died in December, and Hart Corbett said neither he nor his brother, William "Sandy" Corbett, have the time or money to maintain it.

Bill Corbett was a fixture at the Inverness Yacht Club, having been its oldest living past-commodore. He owned two other boats in addition to the "Oh Bill!"

Although the 24-foot vessel was originally designed for sailing only, a very rare, one cylinder gas engine made by the Hicks company was installed in 1910. "The engine is a museum piece, just like the boat," Douglas said.

With the moving parts located on the outside of the motor, Douglas said, "it's a great thing to watch." The engine also has a very distinctive sound. "People turned out just to hear the sound of it," Hart Corbett said.

The Monterey clipper was originally built in 1905 by Italian fishermen in Collinsville, California. "They had no [drafting] plans" Hart Corbett said. "They just had experience, and did it from memory."