In 1839, thirty-six years before the first Kentucky Derby, Louisville was the site of a match race between the two greatest thoroughbreds of their day, Wagner and Grey Eagle, The purse was a staggering $14,000 (some accounts say $20,000).
About 10,000 spectators showed up at the Oakland Race Course to watch. The track, which had opened in the fall of 1833, was located at what is now Seventh and Magnolia Streets in Old Louisville.
The race consisted of a series of three heats of four miles each. Wagner won when Grey Eagle broke down from exhaustion in the third heat. He beat Grey Eagle again in a re-match a few days later.
Wagner (b. 1834) was described as a long-necked, long-bodied horse having muscular arms and wide hips, he stood 15.2 hands. Grey Eagle (b. 1835) is said to have stood 16 hands with a lofty carriage and the step of a gazelle. He is alleged to have been the sire of General Robert E. Lee's famous horse Traveler.
Today's American Saddlebreds and some Tennessee Walking Horses claim lineage to Grey Eagle. Grey Eagle died in 1863 at a farm in Ohio..