Sailboat once owned and raced by JFK goes up for auction in Dallas

This July 29, 2014 handout photo provided by Heritage Auctions shows John F. Kennedy’s Star Class Sailboat, Flash II, which he owned and raced with older brother Joseph P. Kennedy in the Nantucket Sound Star Fleet between 1934 and 1940. It will be offered for auction on Monday, May 18, 2015, in Dallas, by Heritage Auctions. ( Don Hoffman/Heritage Auctions via AP) (The Associated Press)

A sailboat once owned and raced by President John F. Kennedy is expected to sell for about $100,000 when it goes up for auction in Dallas.

Heritage Auctions is offering up the Star Class sailboat named Flash II on Monday.

The 22-foot-long sailboat was owned and raced by the future president and his older brother, Joseph P. Kennedy, from 1934 to 1940.

Mark Prendergast of Heritage says the boat has been painstakingly restored. He says, "Not only is it a piece of American history, it's also seaworthy and ready for adventure."

The sailboat's most recent owner is a Houston man who purchased it in 2005.