Early Life
A chestnut gelding, Phar Lap was foaled on 4 October 1926 in Seadown near Timaru in the South Island of New Zealand. He was sired by Night Raid from Entreaty by Winkie. He was by the same sire as the Melbourne Cup winner Nightmarch. Phar Lap was a brother to seven other horses, Fortune's Wheel, Nea Lap (won 5 races), Nightguard, All Clear, Friday Night, Te Uira and Raphis, none of which won a principal (stakes) race. He was a half-brother to another four horses, only two of which were able win any races at all.
Sydney trainer Harry Telford persuaded American businessman David J. Davis to buy the colt at auction, based on his pedigree. Telford's brother Hugh, who lived in New Zealand, was asked to bid up to 190 guineas at the 1928 Trentham Yearling Sales. When the horse was obtained for a mere 160 guineas, he thought it was a great bargain until the colt arrived in Australia. The horse was gangly, his face was covered with warts, and he had an awkward gait. Davis was furious when he saw the colt as well, and refused to pay to train the horse. Telford had not been particularly successful as a trainer, and Davis was one of his few remaining owners. To placate Davis, he agreed to train the horse for nothing, in exchange for a two-thirds share of any winnings. Telford leased the horse for three years and was eventually sold joint ownership by Davis.
Although standing a winning racehorse at stud could be quite lucrative, Telford gelded Phar Lap anyway, hoping the colt would concentrate on racing.
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