The Source: The Everest 2018 trophy expected to fetch more than $400,000 in sale

Got space in your pool room? The trophy from the 2018 The Everest event, featuring 500 carats of black and white diamonds, is being put out for private sale.

The 2018 The Everest trophy, shown off by Ian Thorpe, is being sold off.

The business of winning big horse races has spawned the business of selling big horse race trophies, no small thing when such bling can boast hundreds of diamonds or kilos of gold.

Now, the 2018 The Everest trophy can be yours.

It depicts a rearing horse, features 500 carats of black and white diamonds, 7kg of silver, and a couple of rubies thrown in.

Leonard Joel is offering the trophy through private sale, hopefully in far less controversial circumstances than the sale of the 2017 Everest trophy (won by the same horse, Redzel), which ended up in NSW’s Supreme Court.

The horse’s owners took exception when Triple Crown Syndications, which had gained the horse entry into the world’s richest race, sold the trophy for $400,000 or more.

The Everest trophy features 500 carats of black and white diamonds.

The 2022 Melbourne Cup sold for $800,000.

Being a Sydney advent, The Everest elevates the power of the deal almost to the same status as the speed of the horse.

Twelve slots at a cost of $700,000 each are available to start in the race.

Slot holders broker the running of a particular horse with that horse’s owners, meaning that the spoils of success can end up being split in dizzying ways. Bear in mind that a single trophy valued at about $430,000 cannot be sliced into dozens of equitable pieces.

Trophy discord also erupted among vested parties after Yes Yes Yes won the 2019 Everest.

Organisers of the now $20 million race have audaciously strived to pinch some of Melbourne’s traditional spring racing glamour.

Yet going rates for the country’s biggest racing trophies appear to be far from comparable (as do the race day crowds).

The 1.65kg, 18-carat gold 2022 Melbourne Cup trophy, valued at $350,000, sold earlier this year for $800,000.

Get in fast, if you think an Everest trophy belongs in your pool room — bids close on October 13.