Spectacular Bid was a champion American Thoroughbred racehorse who won the 1979 Kentucky Derby and Preakness Stakes. He holds the world record for the fastest 10 furlongs on dirt, and also broke several track records. He won 26 of his 30 races and earned a then-record $2,781,607. He also won Eclipse Awards in each of his three racing seasons.

The Preakness Stakes is an American thoroughbred horse race held annually on Armed Forces Day, the third Saturday in May at Pimlico Race Course in Baltimore, Maryland. The Preakness Stakes is a Grade I race run over a distance of 1+3⁄16 miles on dirt. Colts and geldings carry 126 pounds (57 kg); fillies 121 pounds (55 kg). It is the second jewel of the Triple Crown, held two weeks after the Kentucky Derby and three weeks before the Belmont Stakes.