Armando Duarte

NEWMARKET, UK—There are obviously lessons to ponder, regarding the divergent economies of British and Australian racing. But first and foremost, let's pause and give due credit to those who brought English King (GB) (Camelot {GB}) to the point where he could on Wednesday become much the most expensive colt ever sold at Europe's premier horses-in-training sale. After all, when auctioneer John O'Kelly tried to coax one last effort out of underbidder Ted Voute for lot 1153a, he told him: "There's only one chance to buy English King." But Jeremy Brummitt...