The $10.5 million horse: Why owners are willing to drop big money in search of a Kentucky Derby win

Louisville, Kentucky — 

The back wall of Bob Baffert’s office at Churchill Downs is entirely covered by a custom-made print, created by his wife Jill as she remodels his on-track digs.

In it, American Pharoah and Justify are neck-and-neck, as if crossing a finish line in a match race for the ages. It never happened, of course. Pharoah won the Triple Crown in 2015, breaking a then 37-year-old hex that created a near cathartic roar at Belmont Park. Three years later, Justify took his run for glory, again winning the Kentucky Derby, Preakness and Belmont.

Baffert trained them both and is one of only two trainers to lead two horses to the elusive Triple Crown.

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