The 2016 Longines World's Best Racehorse and Longines World's Best Horse Race ceremony will be Jan. 24 in London.

Longines and the International Federation of Horseracing Authorities (IFHA) have again selected the iconic hotel Claridge's as the venue. The ceremony will honor the highest rated horses in the Longines World's Best Racehorse Rankings as well as the Longines World's Best Horse Race.

This is the fourth Longines World's Best Racehorse Ceremony, and it is the second time the Longines World's Best Horse Race will be celebrated.

Last year, American Pharoah   was honored as the Longines World's Best Racehorse, while France's Qatar Prix de l'Arc de Triomphe (Fr-I) was the inaugural winner of the Longines World's Best Horse Race award.

The Longines World's Best Racehorse Rankings are established by international handicappers according to the performance of the horses in top races. The highest rated race is determined by averaging the rankings of the first four placed horses. The full list and further information on the Longines World's Best Racehorse Rankings are both available on the IFHA website.

The trophy celebrating the Longines World's Best Racehorse is a crystal vase named Equus. Every year, it is engraved with the name of the Longines World's Best Racehorse, and the representative of the winner is presented with a Longines watch.

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