Propaganda, a Farr-designed One Tonner, was the top individual yacht in the 1987 Admiral's Cup, and formed part of the winning New Zealand team of that year, along with Kiwi and Goldcorp. She went on to win the 1988 One Ton Cup in convincing style, before again competing for New Zealand in the 1989 Admiral's Cup.
The history of Propaganda over that 1987-89 period can be seen here.
Update November 2015 - Propaganda has now been bought by a US sailor based in South Korea, as part of the "Elephant Lightning" racing team. and she is now located in the island of Jeju.