Golden Slipper winner Sebring will be paraded before the public at Tulloch Lodge at Randwick on Sunday before departing to his new home at Widden Stud.
The Gai Waterhouse-trained colt was retired after he suffered a recurrence of a leg injury in a track gallop at Randwick on Tuesday.
Waterhouse said Sebring was a freakish performer.
"Sebring was a wonder horse, the type they write movies about," she said.
"Winning his first trial he had an action similar to a motor mower - he was all over the place.
"In his second trial the penny was dropping and his action was improving and when he hit the racecourse on January 19 (2008) he had come of age.
"He never looked back in his meteoric rise to the Golden Slipper."
Sebring will stand at Widden Stud in the NSW Hunter Valley next spring after it purchased a majority share in the three-year-old which put Sebring's value at a reported $30 million.
Sebring missed the spring carnival because of a cannon bone injury and faded in the closing stages when second in a barrier trial at Randwick on January 16.
Widden Stud's Anthony Thompson said Sebring's work on Tuesday was well below his usual standard, prompting the horse to be rushed to the veterinarians.
"Sebring was examined by Jonathan Lumsden at Randwick Equine Hospital, who diagnosed a recurring soundness issue requiring a minimum eight weeks spell," Thompson said.
"Given the timing of this minor setback and the fact a delayed preparation could impede on the start of his stud career in the spring, we have decided it is in the shareholders' best interests for Sebring to be retired immediately."
Widden Stud lost leading sire General Nediym who died this week after a bout of colic.
Thompson said a stud fee had not yet been set for Sebring.
Sebring won the first two legs of the two-year-old triple crown when he claimed the Golden Slipper and Sires' Produce Stakes.
He narrowly failed to make it a clean sweep when beaten a short head by Samantha Miss in the Champagne Stakes.
He was named Australia's champion two-year-old of the season and retired with five wins and a second from six starts for prizemoney of more than $2.5 million.
