The first foal of Frankel to be offered for sale was sold along with his dam for £1.15million.

By Simon Jackson at Kensington Palace.

The first foal of Frankel to be offered for public auction was sold along with his dam for £1.15million at the inaugural Goffs London sale at the Orangery at Kensington Palace on Monday night.

The colt was bought by MV Magnier – the son of Coolmoore’s John Magnier – with his dam Crystal Gaze, who is back in foal to Frankel – the unbeaten champion who was retired to stud in 2012 after winning all of his 14 starts.

Crystal Gaze is the dam Caspian Prince, winner of the Investec Specialist Bank Dash at Epsom on Derby Day and the buyer believes the price paid for the foal and dam represents good value.

“A nice horse like that should make money like that so it’s good and I’m glad we got him,” said Magnier who revealed that a decision had yet to be made on who would train the colt.

“We will bring him back to Coolmoore. He has been bought by a new racing partnership of four different people.”

The sale, held in association with QIPCO, took place in sublime surroundings and attracted a host of leading racing figures to London on the eve of Royal Ascot.

The unbeaten Cappella Sansevero, a 15-2 shot for the Coventry Stakes, topped the sale when sold for £1.3million to Qatar Racing and trainer Ger Lyons – who will continue to handle the son of Showcasing – believes he has a great chance on the first day of Royal Ascot.

“I’m happy where we’re drawn, 13 has been lucky for me,” said Lyons of the two-year-old who bagged all of his three wins in little more than five weeks in Ireland this spring.

“All the talking horses seem to be drawn together, so if we’re beaten it will be because we’ve been beaten by better horses. There will be no excuses and I’m happy with my fellow.

“Unfortunately he has to spend a couple of nights outside his own stable, whereas local horses can travel on the day, but that’s the only negative. He has a great temperament and I wouldn’t swap him for the world.”

Read ‘Horse Talk with Simon Jackson’ at London24 for the latest horse racing news.