CAVE Rock, a two-year-old son of the late Arrogate (Unbridled’s Song), won the Group 1 American Pharoah Stakes at Santa Anita at the weekend, and he was chased home, more than five lengths in arrears, by National Treasure, Hejazi and Gandolfini, all four trained by Bob Baffert.

This was a second Grade 1 win for Cave Rock, already with the Del Mar Futurity under his belt, and the unbeaten colt will now be a hot favourite for his target at the Breeders’ Cup. Cave Rock won on his debut just hours before his full-brother was offered at the Fasig-Tipton New York-bred Yearling Sale in August; the colt then topped the sale at $700,000. Imagine what he is worth now?