Sullivan agreed to defend his title in 1892, against challenger "Gentleman Jim" Corbett. The match was on September 7 in New Orleans. It began at 9 p.m. in the electrically illuminated Olympic Club in the upper Ninth Ward neighborhood now known as Bywater section. The venue filled to its 10,000 person capacity despite hefty ticket prices ranging from $5 to $15 (approximately $142 to $426 in 2020). The heavyweight contest occurred under the Marquess of Queensberry Rules, but it was neither the first title fight under those rules nor was it the first title fight using boxing gloves. Corbett was younger and faster, and his boxing technique enabled him to dodge Sullivan's crouch and rush style. In the 21st round, Corbett landed a smashing left "audible throughout the house" that put Sullivan down for good. Sullivan was counted out and Corbett was then declared the new champion. When Sullivan was able to get back to his feet, he announced to the crowd the following: "If I had to get licked, I'm glad I was licked by an American".