To the lady who sells face powder and buys horseflesh, Elizabeth Arden Graham, money is no object. She paid $34,000 for Colony Boy, $26,000 for Star Pilot, and with the help of her topflight trainer became racing's biggest pursewinner ($589,170) last year. Somehow, a horse named Knockdown, costing only $2,000, sneaked into her lush stables. Last week, in the richest race for three-year-olds ever run, the poor relation led all the way, and romped home the winner in the $100,000 Santa Anita Derby.
Knockdown had been assigned the job of making pace, and got out in front quick. His $26,000 stablemate, Star...
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