The Royal Cork and Monkstown Bay sailors were honoured for their win of Irish Sailing's Junior All Ireland Sailing Championships in Schull in October.
Among the gathering at the Metropole were Joe Kavanagh Deputy Lord Mayor, Deputy County Mayor Cllr. Audrey Buckley and Cllr. Marcia D’Alton.
Speaking at the ceremony Sponsor John Buckley of John Buckley Sports, said: “we are here to honour two brothers with a number of firsts for these awards".
It was the first time the scheme had awarded brothers, the first time it had honoured someone so young and it was also the first time the sport of sailing had been recognised.
Olin accepted the award on behalf of himself and his older brother who is currently away sailing a 49er skiff in Villamoura during his Christmas school holidays.