Constantinople (inside) and South Pacific at Royal Ascot 2019 (Image: Edward Whitaker)

Constantinople (inside) at Royal Ascot 2019 (Image: Edward Whitaker)

Cup plunge $51 to $15 in 24 hours

The Lexus Melbourne Cup has a new co-favourite after Irish Northern Hemisphere three-year-old Constantinopole's price was spectacularly slashed from $51 to $15 following confirmation he is to be part-sold to Lindsay Park.

His original owners Coolmore are to keep a share in the horse along with a Lindsay Park syndicate, with plans to have the horse arrive in Melbourne in time for the Group 2 Herbert Power Stakes at Caulfield on October 12 to have him ready for the Lexus Melbourne Cup 24 days later.

David Hayes confirmed the purchase on Saturday morning as Constantinople joined last year's Lexus Melbourne Cup winner Cross Counter at $15 for this year's race after $51 was bet just 24 hours earlier.

"He goes into quarantine on the 12th (September) and if all things go well, he'll run in the Herbert Power on the way to the Melbourne Cup," Hayes said.

"Gary Fennessy is going over (Ireland) to get him ready and to build him up to bring him into quarantine."

Aidan O'Brien trained Constantinople in eight starts for two wins and four seconds, with his maiden win by 10 lengths in Ireland and his victory at Group 3 level at The Curragh in the Gallinule Stakes being highlights.

At his latest start, he ran second in the reliable Melbourne lead-up the Great Voltigeur (2385m) during York's Ebor Festival behind the unbeaten Logician, who is the raging hot favourite for the upcoming English St Leger.

Previous winners of the Gallinule include Cox Plate winner Adelaide (2014) and Underwood Stakes winner and Caulfield Cup runner-up Homesman (2017).

Constantinople's older brother, Bondi Beach, was runner-up in both the Great Voltigeur and St Leger in 2015 before Lloyd Williams purchased a share in the horse and contested three Melbourne Cups.

Last year, Cross Counter became the latest Northern Hemisphere three-year-old winner of the Lexus Melbourne Cup after he too was runner-up in the Great Voltigeur.