The leading Italian two-year-old of 1960, he missed the first half of the following season through injury but returned to win his remaining four races, establishing himself as the top racehorse in Europe and one of the best horses ever trained in Italy.
[5] The race was expected to lie between Molvedo and the French four-year-old Right Royal, who had won the King George VI and Queen Elizabeth Stakes at Ascot Racecourse in July and who started favourite despite fears that he would be unsuited by the soft ground.
[6] Molvedo tracked the British runner High Hat (owned by Winston Churchill) before taking the lead early in the straight.
[7] On his final appearance, Molvedo returned to his home track at Milan and won the Gran Premio del Jockey Club by four lengths.
His son Red Arrow won the Derby Italiano and the Gran Premio d'Italia in 1976, enabling Molvedo to be that season's champion Italian sire.