Spectacular Bid was the leading American two-year-old of 1978, when his wins included Champagne Stakes and the Laurel Futurity. In early 1979 his wins included the Kentucky Derby and the Preakness Stakes as he built up a run of twelve consecutive victories. Spectacular Bid's attempt at winning the Triple Crown failed as he sustained a controversial defeat in the Belmont Stakes. He recovered from injury to win the Marlboro Cup and confirm his status as the best American colt of his generation. In 1980, racing as a four-year-old, Spectacular Bid was undefeated in nine races and was named American Horse of the Year.

This 1979 Preakness program has been signed by jockey Ron Franklin. Also included are (2) $2.00 win tickets for Spectacular Bid that have also been signed by Franklin.