Looks like the Nordic 40 had right of way at this weekend's San Francisco Leukemia Cup - but as we all know pictures can be deceiving. The big boat is the Maltese Falcon (owned by Tom Perkins of Kleiner Perkins fame).
It could be that the Nordic thought that were going to cross in front of the Falcon who was moving at an impressive rate of speed. Why they didn't tack away is another question since they were obviously more agile! Here is the picture of the love being shared between the gigantic square rigger by Peter Lyons... Check more of the sequence here.