It is very clear how important the Melbourne Cup is within Australia. Observers at Tattersalls last week were left in no doubt of that. A large proportion of the most expensive lots were bought to head Down Under, with the Melbourne Cup repeatedly mentioned as the ultimate target. It is now, though, a major race both within Australasia and internationally, its global appeal having increased dramatically 30 years ago in the 3 minutes 23.43 seconds which it took Vintage Crop (Ire) to take the prize on the first Tuesday in...