Gallant Fox and Whichone met again in August in the Travers Stakes at Saratoga, but in a huge upset, they finished second and third to 100/1 outsider Jim Dandy, who appeared ideally suited for the muddy track and won by three lengths. Fitzsimmons blamed the state of the ground for the colt's defeat and claimed that he had only run on the insistence of his owner. In the Lawrence Realization Stakes at Belmont Park in September, Gallant Fox, by then generally acknowledged as the champion of the year, defeated Questionnaire by a nose. His win took his earnings to $317,865, surpassing the world record held since 1923 by Zev. By the end of a season, Gallant Fox had increased his earnings to $328,165, although the record lasted only a year before it was beaten by Sun Beau.