Water is the element that most characterises Venice and it is no coincidence that the most famous and spectacular festivity in the city takes place on the waters of the Grand Canal. Even now the Regata Storica is one of the most spectacular, picturesque and moving events of Venetian life, capable of both charming the tourists and exciting the locals. A historical procession commemorates the welcome given to Caterina Cornaro, wife of the King of Cyprus, in 1489 after she renounced her throne in favour of Venice. It is a procession of 16th century style boats, with the famous Bucintoro, the boat representing the Serenissima, at its head. Then comes the competition. The spectators participate with gusto and shouts of encouragement during the sporting events.