The first foal by Frankel to be sold at auction was bought today (Monday 16 June) for £1.15m.

The unnamed colt was sold along with his dam, Crystal Gaze, at the inaugural Goffs London Sale, held at Kensington Palace.

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The mare is expecting her 2nd foal by Frankel early next year.

The pair were bought by MV Magnier of Coolmore.

“We’ve really enjoyed tonight’s sale and are delighted to have bought a such lovely a mare and foal,” he said. “The Coolmore team really like the look of the colt and we’re excited for the future.”

He added that the colt had been bought for a racing partnership with 4 people in it, and that it was too early to say where the horse will be trained.

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The colt was born on 18 March and was consigned by Tweenhills Farm and Stud.

“As he is such a smashing foal and she is a lovely mare, I am very sad to see the pair go,” said David Redvers of Tweenhills.

“However, we are delighted with the interest it has generated and what it has done for the industry.”

Frankel retired unbeaten after 14 races in 2012, and commands a stud fee of £125,000.