Wild Oats XI has crossed the line first in the Sydney to Hobart yacht race for a sixth time and has broken its own race record.
The super-maxi finished in an official time of one day, 18 hours, 23 minutes and 12 seconds.
It set the previous record in 2005 of one day, 18 hours, 40 minutes and 10 seconds.
The line honours win adds to victories in 2005-08 and 2010.
Wild Oats' crew had all but given up on breaking the race record after rounding Tasman Island at 3.30am (AEDT) on Friday morning.
Westerlies of 10-15 knots late on Thursday night replaced the strong northerlies that had powered the boat to a position hours ahead of its record pace.
But, as tactician Iain Murray had predicted, Oats picked up the forecast southwesterlies and increased its speed as it tacked along the River Derwent.
A handful of spectator craft were on hand to escort the Bob Oatley-owned boat to Constitution Dock, where a crowd lined the shore.
Wild Oats skipper Mark Richards said breaking the record was a huge achievement.
'It was close, we only just made it but it's a great result for the whole team,' he told Channel Seven.
'This boat is a great machine and we're very proud of it. Getting the record is a big thing and it's very satisfying.
'It's fantastic. It's a great result for the whole team so we are absolutely stoked.'
As Wild Oats sailed up Hobart's Derwent River, the record looked out of reach with a weaker westerly slowing the yacht down.
'It was a very tricky night, the breeze died on us. It was very testing and we had to make a lot of sail changes, but it's all part of the Sydney-Hobart,' said Richards.
'The crew have been together a long time and when the going gets tough they just get tougher.'
Ragamuffin Loyal was the next boat due to finish and was 50 nautical miles behind Wild Oats.
The race's third maxi Lahana was third, another 50nm back.
NSW yacht Jazz led the handicap standings ahead of Calm and Secret Men's Business.
Two boats retired on Thursday night, the first casualties of the race, leaving 74 of the fleet still competing.
Last year's handicap runner-up Living Doll pulled out with a broken rudder and was expected in Eden at around midday.
Victorian boat Primitive Cool had quit with a damaged mainsail and was also heading to Eden.
Meanwhile, Ragamuffin's time could be affected by an international jury hearing after the 2011 line honours victor jumped the start in Sydney.
Its crew will front an international jury at 4pm in Hobart.