Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has paid nearly $7m for a retired thoroughbred mare, hoping to capitalise on the fact the horse is carrying the foal of Frankel, whom many consider one of the world’s greatest racehorses.
Sheikh Mohammed's bloodstock adviser John Ferguson on Monday successfully bid £4.2m ($6.89m) for Dancing Rain, the five-year-old retired thoroughbred mare which won the 2011 Epson Oaks.
The bidding at the Tattersalls December Breeding-Stock Sale drew large crowds of racing fans, who turned out in force to see Dancing Rain, who it was confirmed in April was carrying the foal of legendary racehorse Frankel.
The stallion is ranked by the International Federation of Horseracing Authorities (IFHA) as the greatest racehorse ever since it began its World Thoroughbred Racehorse Rankings in 1977, having topped the rankings in 2011 and 2012.
Ferguson and Sheikh Mohammed’s breeders at Godolphin are aiming to capitalise on the foal’s lineage and heritage to breed more future winners.
“It’s a lot of money,” Ferguson told the Daily Mail newspaper. “But there is a logic to it. She will have daughters and everyone of them will have daughters. That is 30 or 40 fillies.
“There is more residual value in what we have done. She is a phenomenal physical specimen. She is an Oaks winner, and she has a wonderful pedigree... Then add to that the fact she is covered by Frankel. She is a jewel and you need jewels to breed champions.”