The team uncovered the waterlogged wreckage of the three-masted wooden schooner F.J. King in the waters off Bailey’s Harbor, Wisconsin. CREDIT: Wisconsin Historical Society/Wisconsin Underwater Archeology Association. CREDIT: Wisconsin Historical Society/Wisconsin Underwater Archeology Association. Since then, the F.J. King’s wreckage has developed a reputation as a “ghost ship” due to the vessel’s elusiveness. ‘A few of us had to pinch each other’Principal investigator and Wisconsin Underwater Archeological Association (WUAA) president Brendon Baillod led the project.