Full Coverage: Melbourne Cup 2015Photo gallery: Melbourne Cup 2015Payne says 'everyone else, get stuffed'Michelle Payne's fairytale win
Champion Sydney trainer Gai Waterhouse said all Australians should celebrate the Melbourne Cup-winning performance of Michelle Payne and her family. 
A Melbourne Cup winner herself, Waterhouse said she watched and applauded what the Payne family had achieved at Flemington. Minutes after Prince Of Penzance stunned the racing world with the shock success, Waterhouse said Michelle Payne, her younger brother Stevie and all her family should be very proud of coming to Flemington and winning a Melbourne Cup. They were hard working and their "story is a beautiful one".
"Forget she's a woman. She's worked damn hard and I've watched her along the way and she's proven that hard work and application paid off by winning a race like the Melbourne Cup," Waterhouse said.
"And don't worry, I watched Michelle ride that horse [Prince Of Penzance] at Moonee Valley and she did nothing wrong in it because I had a runner who finished behind her and I was watching closely.
"It's a beautiful Australian story - this hard-working family, with Michelle winning the race and standing so close to her brother Stevie after they had won a Melbourne Cup. It's just a wonderful day and I'm so pleased for them."
In front of 101,000 people, Michelle Payne became the first woman to win a Melbourne Cup and told the adoring crowd that she had gone to sleep on Melbourne Cup eve, dreaming she was being interviewed by Sam Hyland on a pony after winning the Cup on Prince Of Penzance.
"And what today means - you can dream and dreams come true," Payne said.
The performance on the $101 chance, Prince Of Penzance, gave bookmakers, especially corporate bookmakers, across Australia a "skinner".
Maree Payne, Michelle's older sister, flew into Australia ostensibly to watch her husband, Brett Prebble, ride Bondi Beach in Australia's most important handicap.
"I was watching Brett in the early part when his mount, Bondi Beach, looked like it wouldn't be in the finish. I started to take an interest in Excess Knowledge when the horse, ridden by Kerrin McEvoy, who's married to my sister, Cathy, started to look like a challenger. But then suddenly I thought, no, here comes Michelle. I looked closer and we're all yelling and I can see with a hundred metres to go, my little sister was going to win a Melbourne Cup.
"And good on her. She's worked so hard for so long and now she's getting all the rewards."
McEvoy said: "As I passed the post on my ride, I looked up and squinted and squinted again and thought, I know those colours. Geez, Michelle's done it. She won the Cup."
Payne said that, together with her sister Cathy, they had tried to ring their father Paddy but the line was engaged with well-wishers from Australia and New Zealand.
Paddy Payne snr is the father of 10 children including eight jockeys: Therese, Cathy, Brigid, Maree, Andrew, Paddy jnr, Bernadette and, of course, Michelle. Paddy Payne jnr was a champion jockey in Australia and Hong Kong and has since successfully turned his hand to training.