morning (sandy), difficult to tell from that photo because it shows the sails turned, but imo yes.
It's a very beautiful vessel; depending on what weight it's been rigged to carry and where it's sailing, it won't go tearing about but it'll chug you steadily from here to there. Same for the European one next to it, which relatively looks like it's flying the tablecloth.
Models are deceptive as they -obviously- show you the entire hull. You need to draw a mind's eye waterline, because it's only the hull's wetted area that the sails' effort actually has to shift at any given time. That needs to be balanced against what's left of the hull out of the water ("freeboard") and the weight and height of the rigging itself to avoid toppling over.
Junk rigging can be very efficient. This is about modern rigs, but the principles apply
https://en.wikipedia.org/wiki/Junk_rig