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Preakness' Woodlawn Vase

From Laureen Miles Brunelli, About.com

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Dough Pensinger/Getty
The winner of the Preakness Stakes is presented with the Woodlawn Vase, which is more than 140 years old. Created by Tiffany and Co., the trophy is 34 inches high and more than 20 pounds. In 1983, its assessed value was $1 million, making it the most valuable trophy in American sports.
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