HOPEFUL punters are already looking forward to the day Black Caviar's first foal strides around a race track, but even if the filly never runs a race she could still be worth millions.
The filly was born at an undisclosed location in the Hunter Valley on Friday night.
"It's exciting for the whole industry," said Inglis director Jonathan D'Arcy.
"People are looking forward to a couple of years, when hopefully we'll see the progeny of Black Caviar on the race track."
Judging by some recent results of sales of foals related to the champion mare, Black Caviar's first foal could command a price of up to $3 million, if the owners decided to sell, Mr D'Arcy said.
"Last year (2013) the record price for a colt yearling for $5 million, that was Black Caviar's half brother.
"The record for a filly is $2.6 million, that was her half sister."
Mr D'Arcy said looking at these values attached to both a colt and a filly related to Black Caviar, a value of $3 million would be expected for the foal, although he noted the owners had already mentioned she would not be put up for sale.
"She (Black Caviar) was probably the greatest racehorse we have ever seen... in this generation. She was the top racehorse in the world."
Mr D'Arcy said it would be difficult for this foal to live up to such an example on on the track, but she would still be a "blue ticket item" due to her genetics, which also include her sire, one of the top breeding stallions in Australia, Exceed and Excel.
"She (the foal) doesn't have to be as good... the fact she carries the genetics of Black Caviar will mean she will always maintain good residual value for her owners."
Managing Director of Darley Australia, Henry Plumptre, said yesterday that it was an honour for Exceed and Excel to be chosen as Black Caviar’s first mate and everyone at Darley was delighted with the news that she had safely foaled.
"Firstly and most importantly the industry at large is delighted that a mare of her significance has successfully conceived, then produced a filly foal without any issues," Mr Plumptre said.
"For the owners and for others that were intimately involved with her racing career, it is another milestone for Black Caviar and hopefully the start of a great career as a broodmare."