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Mumbai's Champak Zaveri buys horse for Rs 41.5 lakh, record set

Champagne popped in the paddock and there was applause all around as history was created and a new benchmark was set.

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Champakbhai Zaveri (extreme right) at the annual auction on Monday. He bought the horse for a record price on Tuesday evening. Pic/Ashish Raje

Champakbhai Zaveri (extreme right) at the annual auction on Monday. He bought the horse for a record price on Tuesday evening. Pic/Ashish Raje

A record was created on Tuesday evening at the Royal Western India Turf Club (RWITC) Mahalaxmi auction sale 2020, which is a sale of two-year-old bloodstock, when a horse was sold for R41.5 lakh. The buyer was Mumbai's Champak Zaveri. Champagne popped in the paddock and there was applause all around as history was created and a new benchmark was set.

Zavaray Poonawalla chairman RWITC said, "This is a record through the nearly 80-year-old history of auction sales. A horse has never gone at this high a price. We also had horses going for R30 lakh and R32 lakh, which are very, very high prices in this auction."

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