A schooner called Spirit of Victoria

Call me ignorant, but until now I had no idea that a vessel with this sail configuration is called a schooner and used the word "yacht" to generically refer to boats with sails.

Now, I'm not sure when a boat is a yacht - if perhaps it has more to do with the vessels purpose in life, or something else, but it's unlikely that it has anything to do with sails as modern luxury yachts often don't even have sails. If you do know, then don't hesitate - leave a comment please. :)