"Highlander' Fling

His Faberge-egg collection is unparalleled. His stable of Harley-Davidsons at Far Hills, New Jersey, is renowned. But none of Malcolm Forbes's toys can compete with his newest capitalist tool, the 151-foot pleasure yacht, The Highlander.

His fifth vessel named The Highlander, she will be sailing toward the Statue of Liberty for Forbes's annual Fourth of July fling. This year, if the fireworks pall, the chairman and editor in chief of Forbes magazine's guests—a mixture of moguls, media, and the modish— can stroll about looking at the various seafaring paintings: a bright Dufy seascape, a drawing of a Marseilles matelot by Jean Cocteau, a Gainsborough portrait of the nautically rigged-up Third Earl of Bristol. The paneling from Queen Victoria's yacht lines the formal dining area. Original gold-painted panels from the U.S.S. Normandie, seen here behind Commodore Forbes, flank the main entry.

Fully staffed year-round with a captain and crew of twelve, Highlander V is equipped with five staterooms, gold-tapped bidets, a wine cellar, two motorbikes, two motor launches, and a helicopter. All of which enthrall the guests on his thrice weekly dinner cruises around New York Harbor and would doubtless be fit for the Queen of England, if Her Majesty wanted to borrow it, as she did Highlander III during her visit to the 1976 Bicentennial.

Caught amid a jammed schedule to be photographed aboard the new Highlander, Forbes sauntered on in a simple navy sports jacket and gray flannels. "When on board entertaining, I normally wear exactly what I wear to work," he said. The jaunty new Forbes sailing caps had not arrived yet, so he donned a custom-made, silklined pith helmet from Paris for the portrait. "Hope I don't look like Roosevelt in an Iroquois Indian headdress," he said to photographer Horst. "Make me look like I deserve the boat."

ANDRÉ LEON TALLEY