The auction had gotten a little out of hand, and most of the blame could be laid at the feet of George Lambton. Lambton (1860-1945) was a former officer in the British infantry, and a former amateur steeplechase jockey (a role in which he won the prestigious Grand Steeple-Chase de Paris in 1888). After a serious fall, he had turned to training racehorses, and was generally considered one of the finest trainers of his day. Today, however, Lambton was waging a bidding war on William Tatem, Baron Glanely. Lord Glanely was a hugely successful racehorse breeder between the World Wars. By the time the Yearling Sales were held at Doncaster in September of 1921, Lord Glanely had already won the Epsom Derby and was eager for new turf conquests.
Both men sought to purchase a beautiful chestnut filly of sound pedigree and attractive conformation named Teresina. Bidding had started at the hefty sum of 1,000 guineas and had risen quickly into staggering totals. 5,000 guineas. 6,000 guineas. 7,000 guineas! Lord Glaneley topped Lambton with a bid of 7,600 guineas, to be outbid immediately by Lambton at 7,700. It was at this price that the auctioneer, the esteemed Somerville Tattersall, would ultimately award the filly to Lambton.
Lambton wasn’t bidding for himself. Earlier in 1921, he had received a request to meet in London with Sultan Muhammed Shah, the Aga Khan. The Aga Khan (1877-1957) had been urged by his friend, Baron Wavertree, to enter the Thoroughbred horse breeding world back in 1904. The Aga Khan was of the opinion that if a horse breeding enterprise was to be founded, it should be done properly. He had waited, opting to focus on his political and religious responsibilities instead. But by 1921, he was ready to build his stable. He met with Lambton in London, attempting to woo him away from the Earl of Derby as a trainer. Unable to persuade Lambton to train his horses, the Aga Khan had engaged him as his agent to purchase the horses to begin his new racing stable.
The Aga Khan’s instructions were simple enough: focus on mares and fillies, only purchase colts when they showed significant promise. When the Yearling Sales arrived, Lambton was determined to find the very best bloodstock for the Aga Khan. A brown filly named Cos was purchased by Lambton for 5,000 guineas, and by the time Lambton left the sales he had purchased eight horses for a total of 24,520 guineas. The tally would make up about 14 percent of the total for the entire sale.
It was a promising beginning for the Aga Khan’s stable. Teresina established herself as a horse with exemplary stamina, and after three years of racing and a victory at the Jockey Club Stakes, was retired from racing. In 1922, Lambton purchased Mumtaz Mahal, a dashing gray filly with blinding speed. She would go on to be one of the most successful two-year-olds in the history of flat racing. By 1924, the Aga Khan was the leading owner, with 11 winners and over 44,000 pounds won that year. The Aga Khan would go on to become one of the most decorated racehorse owners and breeders of the early 20th Century. He’s still the only owner to have won the Derby five times and would be named a British Champion Owner thirteen times.
John Connolly has served as the George L. Ohrstrom, Jr. Head Librarian at the National Sporting Library & Museum (NSLM) since early 2014. He is responsible for the care of the Library collections, including books, magazines, photographs, diaries, letters, and much more. The NSLM collections span over 350 years of the history of equestrian sport, as well as fly fishing, wing shooting, and other field sports. Have a question? Contact John by e-mail