Triplicate was purchased as an unsuccessful three-year-old for $6,000 by actor/dancer Fred Astaire who owned Blue Valley Ranch, a Thoroughbred breeding farm in the San Fernando Valley.
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In March he defeated Howard Hawks' won the 1½ mile San Juan Capistrano Handicap in track record time and on July 27 beat the best horses on the West Coast in the $100,000 Hollywood Gold Cup.