The Toorak Handicap is one of four Group 1 races held on Caulfield Guineas Day.
The highlight is the stallion-making Caulfield Guineas (1600m) which is worth $1 million. Supporting the Guineas is the Group 1 Thousand Guineas (1600m), Group 1 Toorak Handicap (1600m) and Group 1 Caulfield Stakes (2000m).
Carrying $400,000 in prizemoney, the Toorak Handicap is run under handicap conditions with the topweight receiving 58kg and the minimum weight being 52kg.
Lucky Hussler won the event in 2015 after carrying the number one saddlecloth.
Trainer Darren Weir made it back-to-back wins in the event after Trust In A Gust captured the Sir Rupert Clarke Stakes-Toorak Handicap double in 2014.
The Toorak Handicap has a rich and prestigious history which dates back to its first running in 1881 when Josephine won the race.
It has had a number of name variations during its history which started with the Toorak Handicap, The IXL, The Elders Mile and then back to the Toorak Handicap.
The Sir Rupert Clarke Stakes, a Group 1 event held over 1400m at Caulfield two weeks earlier, is the key lead-up race to the Toorak Handicap with the past four winners of the race having come through that lead-up event.
Following the Toorak Handicap, a number of runners will progress to the $1 million Emirates Stakes (1600m) held at Flemington in November.
One path is to compete in the Group 2 Crystal Mile (1600m) at Moonee Valley on Cox Plate Day prior to the Emirates whilst the occasional Cox Plate runner will also compete in the Emirates Stakes.
A couple of superstars have won the Caulfield Cup after racing in the Toorak Handicap and they are The Trump (1937), Royal Gem (1946), Galilee (1966), Tobin Bronze (1967) and Leilani (1974).
Galilee would not only win the Caulfield Cup but also the Melbourne Cup in the same year while Tobin Bronze won the Caulfield Cup and Cox Plate in 1967 after his Toorak victory.
Notable winners of the Toorak Handicap include The Trump (1937), Royal Gem (1946), Galilee (1966), Tobin Bronze (1967), Gunsynd (1971), Leilani (1974), Umrum (1999 & 2000), Show A Heart (2001), Roman Arch (2003), Regal Roller (2004), Barely A Moment (2005), Divine Madonna (2007), More Joyous (2010) and Solzhenitsyn (2012-13).