1964 Melbourne Cup fetches $140,000

The 1964 Melbourne Cup has fetched $140,300 at auction in Sydney.

The nine-carat gold trophy, won by New Zealand horse Polo Prince, has been held in a private Queensland collection since 1999.

The buyer paid more than $50,000 over the estimated sale price and wants to remain anonymous, a Sotheby’s Australia spokesman told AAP.

Credit: AAP