Could this be Phar Lap’s Cup?
Phar Lap won the 1930 Melbourne Cup in the most dominant fashion imaginable. Then his trophy vanished.
For decades, nobody knew where it went. Then, in 2008, Victoria Racing Club's historian Dr Andrew Lemon believed he found it, hiding in plain sight.
Lemon's research traces every Melbourne Cup back to 1916. There is no record of a 1953 cup ever being made. His theory: Phar Lap's trainer Harry Telford sold the 1930 trophy back to the original supplier, Melbourne jewellers WM Drummond and Co, probably in the 1940s. The engraving was polished away, and the cup was reborn as the 1953 prize for Wodalla.
Twenty-seven years later, that same cup was handed to Beldale Ball. The VRC knew they were presenting a reused trophy. Rodney Johnson, then Assistant Secretary, later confirmed it had been purchased from the deceased estate of Wodalla’s owner. This was a closely-guarded secret at the time. But nobody appears to have known where the 1953 cup came from.
That is the question Lemon's research now raises. There is no record of a 1953 cup being made by goldsmiths James Steeth. The cup on display here is larger and contains more gold than any Melbourne Cup produced after 1930 until 2010. It may be Phar Lap's original trophy, reused once and then reused again.
The theory is not yet proven. But the evidence is hard to dismiss. Certainly, it has been a Melbourne Cup trophy three times over.
When its owner, the late Lady Susan Renouf, was told in 2008 what she might actually be holding, she said she had to sit down and pour herself a large brandy.