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Agent Says Manhattan Rain Potentially Worth $60m

Thursday, 22nd October 2009

Inglis Melbourne bloodstock expert Mark Dodemaide told The Daily Telegraph $60million "was about right" as the value of Gr1-winning 3YO colt for Manhattan Rain (Manhattan Rain Encosta De Lago-Shantha's Choice, by Canny Lad) "as a potential champion racehorse & breeder". Manhattan Rain (who finished 3rd last start in the Gr1 Caulfield Guineas over 1600m at Caulfield on October 10) makes his next start against the cream of Australia's older weight-for-age rivals in Saturday's Gr1 Cox Plate (2040m) at Moonee Valley & trainer Gai Waterhouse declared: "It's quite incredible, I agree. I was reading a story the other day about James Packer's new boat & what it cost. I can't remember how much, but it was a lot. But this horse is worth a lot more." Dodemaide explained Haradasun (valued at $44million after Coolmore Stud bought a half-share 2 years ago) was the benchmark & noted: "You look at Manhattan Rain's pedigree, the type of horse he is, $60 million is not out of the question." The newspaper added: "Manhattan Rain's worth is in his veins. He is a son of Australian's champion sire Encosta De Lago & is a half-brother to Australia's 2nd-greatest sire Redoute's Choice. Redoute's Choice was valued 2 years ago at a conservative $300 million, estimated by multiplying his service fee & his likely life-span. Redoute's Choice stands at $200,000 & serves about 200 mares per season, meaning he can earn $40 million in a breeding season. Manhattan Rain's value was dizzy the day he was born, but it skyrocketed the day he won the Gr1 Sires Produce Stakes (1400m) at Randwick last autumn, plonking a Gr1 race on his CV."

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