The most expensive racehorse ever, Fusaichi Pegasus, who was bought to go to stud for $70million, has died of old age in the United States.
As a yearling he fetched $4m when he was bought by Japanese businessman Fusao Sekiguchi. His owner combined his own name with ‘ichi’, Japanese for number one, and the winged horse from Greek mythology to create the colt’s name.
And he lived up to it by landing the Kentucky Derby in 2000, becoming the first favourite to win the historic race for 21 years.