This was run on Wednesday 24th May 1787 and 7 ran, although there were initially 33 subscribers. It took place over the last mile and a half and was worth £1,050 to the winner, the equivalent of £1,400,000 today.

THE DERBY 1787

SIR PETER TEAZLE SR 2062

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Pos. Horse Jockey Owner
1 SIR PETER TEAZLE Sam Arnull 12th Earl of Derby
2 GUNPOWDER ----- Colonel Dennis O'Kelly
3 BUSTLER ----- Mr Vernon
Also MENTOR ----- Lord Grosvenor
Also

COLT BY JUSTICE

----- Lord Grosvenor
Also COLT BY PONTIFEX ----- Mr Charlton
Also OSPRAY ----- Lord Clermont
7/4 Bustler
2/1 Sir Peter Teazle
3/1 Mento/Colt by Justice (coupled)
8/1 Gunpowder
25/1 Ospray
25/1 Colt by Pontifex
  Over-round 113%