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.”