The race lived up to all of its billing as, with half a mile to go, three former champions, Kauto Star, Denman and Imperial Commander, were all in a line.
But Long Run (7-2 favourite) had them in his sights and he jumped to the front at the last to win going away under amateur jockey Sam Waley-Cohen.
Denman ran another gallant race to finish runner-up for a second consecutive year, while Kauto Star held off stablemate What A Friend for third.
The winning jockey said: "He's a whole lot better than I thought he was.
"That's a very special feeling and he's a very special horse."
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