Willie Mullins was not ruling out a future bid for Lexus Melbourne Cup glory after watching his favourite Vauban disappoint in the Flemington highlight.

The Irish handler rated Vauban and stablemate Absurde as his best ever chance in the two-mile contest, but while the latter horse performed with credit in seventh, Vauban trailed home 14th in the hands of Ryan Moore.

The five-year-old, who is a multiple Grade One winner over hurdles, carried plenty of confidence into the race having registered a wide-margin win over Absurde at Royal Ascot before following up in a Group Three at Naas in August.

Ryan Moore appeared to have a good position on Vauban but he faded in the straight to be beaten over 13 lengths by winner Without A Fight.

“I thought Vauban was a little disappointing all round. He was beaten too far out for my liking,” Mullins told www.racing.com.

“When I saw him six furlongs out with Ryan having to give him a little niggle, I thought, ‘that’s too far out for him to be niggling him’. He just flattened out and ran very disappointing.

“But there we are. That’s the nature of this game.”

Moore said: “Obviously a disappointing run from him. Maybe he didn’t fire today, the winner was very good, and we didn’t get home today unfortunately.”

Ebor winner Absurde was well supported before the start and posted a fine effort for jockey Zac Purton, hitting the front with two furlongs to run before fading in the closing stages.

Mullins said “I thought Absurde ran a cracker. He was in a position to win at one stage coming up the straight but didn’t see it out.”

Purton added: “He travelled nicely, he presented at the right time, he just didn’t run through the line. Anyway, he ran well, but not what we wanted.”

Vauban has not won over hurdles since the 2022 Punchestown Festival but placed three times at the highest level last term, while Absurde has won one of his two runs over obstacles and Mullins will take stock before deciding on a return to the National Hunt sphere.

He said: “We will bring them back, see how they are. They are dual-purpose horses. If either of them had won they wouldn’t have jumped a hurdle again.”

Mullins has won virtually every major prize in jumps racing but his multiple Australian raids have ended in disappointment, with Max Dynamite his best performer having finished second in 2015 and third in 2017 in the colours of Vauban’s owners Susannah and Rich Ricci.

Despite leaving empty handed again, Mullins would be eager to run if the right candidate comes along.

“It’s a great prize, it’s a great day, great occasion,” he said.

“If we get one good enough, we will try again.”

Connections of Vauban are harbouring high hopes as he faces his moment of destiny in Tuesday’s Lexus Melbourne Cup at Flemington.

The Willie Mullins-trained five-year-old heads the market for the Group One handicap after making a seamless switch to the Flat following three wins at the highest level over hurdles.

A seven-and-a-half-length winner of the Copper Horse Handicap at Royal Ascot, Vauban then struck Group Three gold in the Ballyroan Stakes on his prep run, leaving big-race rider Ryan Moore confident his mount has plenty in his favour in the 24-runner race.

The jockey told Betfair: “You’d be happy enough with his draw in three, but there are pros and cons to being housed in any stall, so let’s focus on what we know. And that is that Vauban looks to hold excellent credentials, second to none, though maybe connections of Gold Trip and Without A Fight, and others, may disagree.

“Whether or not he deserves to be so short in the betting in a 24-runner handicap in which luck in running can be a big factor, I’ll let others decide. I only ride them.

“But you’d rather be on a 5-2 favourite than a 50-1 outsider and this 160-rated Grade One-winning hurdler was pretty awesome for me when winning the Copper Horse at Royal Ascot from his stablemate and subsequent Ebor winner Absurde, who also runs here, and he set himself up nicely for this when winning his Group Three at Naas, a race in which I actually rode the third, Peking Opera.

“Obviously, the Ascot win came off a mark of just 101 and this is a far deeper handicap and sterner test for him, but it seems like they are delighted with the way he has travelled and has settled in and here is hoping he can give me my first winner of this race since Protectionist in 2014. My only win in the race, in fact.”

Mullins is equally upbeat, rating Vauban and Absurde as his best Melbourne team yet, having saddled Max Dynamite to finish second in the race in 2015 and third two years later.

He told www.racing.com: “I think he’s (Vauban) as good as Max Dynamite and maybe better, we’ll find out that on Tuesday.

“It’s our strongest chance ever, it probably will be my strongest chance ever.

“We wouldn’t want to forget Absurde either, he did it very well with Frankie (Dettori) in the Ebor, Frankie gave him a terrific ride there.

“He has quarantined very well, and I think he’s in great shape.”

There are no British-trained runners this year, with Joseph O’Brien’s Okita Soushi the only other European contender, but there are plenty of familiar names in the line up with last year’s winner Gold Trip going again for Ciaron Maher and David Eustace, while Gai Waterhouse and Adrian Bott run 2020 Derby hero Serpentine and Chris Waller has last year’s Irish Oaks victor Magical Lagoon.

The Maher and Eustace team field five, with Hollie Doyle getting the leg up on former French runner Future History for the training duo.

Michelle Payne is the only woman to have ridden a Melbourne Cup winner having steered home Prince Of Penzance in 2015 and Doyle would love to add her name to the roll of honour on her first attempt.

She said: “I’m really excited to be coming to Melbourne and having a ride in the Cup on such a horse with a live chance as in Future History – it’s great for connections to have put me up.

“Obviously, with only 50kg, anything can happen in the Cup and, obviously, you need a lot of luck!

“I’ve spoken a little bit to Peter Trainor (owner), but I’ve been keeping myself up-to-date and following Future History and took an in-depth look into his career so far to get to know him.

“I think he’s got a great chance – he’ll obviously have to take a step forward again, but he seems to have been taking the right steps recently.

“He’s a Bart Cummings winner around Flemington, which is a plus – he’s got that experience on the track.

“He needs to prove he can stay the two miles, which I think he should do. His run in the (Moonee Valley) Gold Cup last week was very solid, around a track that’s probably quite sharp for him, and from a bad draw.”

Caulfield Cup winner Without A Fight, ex-William Haggas runner Soulcombe and Japanese contender Breakup are others to the fore in the betting.

Ante-post favourite Vauban has been given a weight of 55 kilograms for the Lexus Melbourne Cup.

Willie Mullins’ charge, who won the 2022 Triumph Hurdle, heads the market for the November 7 contest after winning each of his two starts on the level this term – chalking up a seven-and-a-half-length verdict in the Copper Horse Handicap at Royal Ascot before landing the Group Three Ballyroan Stakes in fine style last time.

The five-year-old’s weight, which equates to around 8st 9lb, has him 3.5kg behind last year’s winner and top weight Gold Trip.

Mullins has a second string to his bow in Absurde, who is guaranteed a start in the Group One contest after winning the Ebor under a fine Frankie Dettori ride at York last month.

He finished second to Vauban at Ascot and has been given 53kg for the Flemington showpiece, while Aidan O’Brien’s Broome, winner of the Dubai Gold Cup back in March, has 56.5kg.

O’Brien also has St Leger fourth Tower Of London on 50.5kg, with son Joseph – already a dual winner of the race with Rekindling (2017) and Twilight Payment (2020) – having Valiant King (50kg) and Okita Soushi (51.5kg) in the field.

The William Haggas-trained Desert King, who finished a gallant third for the King and Queen in Saturday’s St Leger, has been given 51.5kg.

Fellow Newmarket-trained runner West Wind Blows is on 54kg for Simon and Ed Crisford, with the four-year-old already in Australia ahead of a possible run in the Turnbull Stakes on October 7.

Dermot Weld, who broke new ground when sending Vintage Crop to become the first northern hemisphere-trained winner of the race in 1993 before adding another victory nine years later with Media Puzzle, has Harbour Wind in contention this year but his weight of 50kg leaves him well down the field, which has a limit of 24 runners.

Other familiar names in the field include ex-Haggas runners Alenquer (56.5kg) and Soulcombe (53.5kg), last year’s second Emissary (52kg) plus Francesco Guardi (54kg) and El Bodegon (55.5kg), who were both previously trained by James Ferguson, and last year’s Irish Oaks victor Magical Lagoon (51kg).

Racing Victoria’s head of handicapping David Hegan said: “Gold Trip is the standout performer among the entries for both Cups (Melbourne and Caulfield) and the natural topweight with Broome the only Group One winner among an international contingent that boasts an assortment of rapidly emerging stayers.

“We have effectively lifted Gold Trip 2kg from his true weight last year, which is less than the penalty afforded other Melbourne Cup winners in recent times, however we are mindful that it is 48 years since a horse has carried 58.5kg to victory in either Cup so a significant challenge awaits.”