In 1899, she married William Kissam Vanderbilt II of the prominent Vanderbilt family of New York City who in 1920 inherited the Haras du Quesnay Thoroughbred breeding farm and racing stable near Deauville in France's famous horse region of Lower Normandy.
Fair Stable employed future Hall of Fame trainer Max Hirsch until 1928 when Alex Gordon took over.
By far the most famous horse owed by Fair Stable was Sarazen, a gelding acquired in 1923 who would earn back-to-back U.S.
Horse of the Year honors in 1924 and 1925 and who was posthumously inducted into the United States' National Museum of Racing and Hall of Fame.
Virginia Graham Fair Vanderbilt died in 1935 and her estate sold off the racing stable but daughter Muriel Vanderbilt would follow in her mother's footsteps and set up her own racing operation which would include the Hall of Fame filly, Desert Vixen.