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A son of the great Newmarket racehorse Frankel - together with his dam Crystal Gaze - has sold for £1,150,000 at auction.
He was bought by MV Magnier, son of Irish thoroughbred stud owner John Magnier, at the sale at Kensington Palace.
Frankel's foal goes up for auction in just over an hour.
Together with his mother, Crystal Gaze, who is expecting a second foal by the undefeated Newmarket racehorse, he could fetch more than £1m at the auction at Kensington Palace.
Henry Beeby, chief executive at auctioneers Goffs, said: "Frankel was the greatest racehorse we had ever seen. He was undefeated. He was spectacular. And he was an absolute star.
"It's a bit like Usain Bolt turning up at stud."
Click below to hear more from Henry Beeby.
The son of Newmarket racehorse Frankel is expected to sell for millions today when it is auctioned in London.
The colt will be the first offspring of the champion to come under the hammer and will be sold along with his dam, Crystal Gaze, who is also expecting a second foal by Frankel next year.
Crystal Gaze has already produced the classy sprinter Spirit Quartz as well as Saturday's Epsom Dash winner Caspian Prince and the pair are expected to sell for a seven-figure sum.
The colt's owner and manager, David Redvers, said: "He is a very handsome colt with huge presence and great action. He has what I would call a typical Frankel temperament in that he knows he is special and really owns the show.
"At this stage he looks like a speedy type, which is no surprise given his mother has bred some excellent sprint winners."
In 2012, Frankel retired to stud in Newmarket after being unbeaten in 14 races.
Last December, a five-year-old mare who was in foal to the famous racehorse sold for four million guineas.
Philip Mitchell, general manager at Juddmonte where Frankel stands, said: "The first foal by Frankel, the world's greatest racehorse, to be sold at public auction together with his dam who is back in foal to Frankel, is a unique opportunity and is most definitely the complete Frankel package."