The Ad Valorem colt won the Noel Wilson Memorial Three-Years-Old Maiden Plate ahead of second-place getter Sweet And Vicious and third place-getter In Taipei yesterday.

“He’s got to prove himself in a three-year-old open race on a Saturday first but he’s been nominated for the Caulfield Guineas,” trainer Brian Smith said.

“He’s a very classy animal.”

State Of Wealth was purchased by Grahame Pollock from the Magic Millions Yearling Sales.

Pollock’s son now owns the colts along with Glenn Buckland and Money And Chicks syndicate.

“His grandmother, Ruffles, won a (Group One) Newmarket Handicap,” Pollock said.

“I go to all the yearling sales and I picked him out as one of the best at the sales.

“I thought he would be in my price range of $50,000 but I ran into a trainer at the sales who told me he expected him to fetch around $100,000.

“I wasn’t too happy so I went back into the ring and still made a bid.

“I couldn’t believe it when no-one else wanted him and when he was knocked down to us I was shaking all over.”

State Of Wealth’s connections are now hopeful that the talented youngster will continue to prove himself on his way to the $1 million Caulfield Guineas in Melbourne on October 8, 2011.

Luxbet is the only bookmaker that will provide you with the “Best of the Best” horse racing odds on all the best races around Australia.

Not only do they offer the most competitive odds on all TAB meetings, new customers are also eligible to receive a bonus bet worth up to $400!

Just enter the promo code BONUSBET when you join and you will be rewarded with a bonus bet valued at 100% your initial deposit when you bank between $25 and $400 into your new account.

Also, did you know that Luxbet is owned by TABCORP? So you can receive their great odds while still betting in an environment that is safe and secure.

So open an account and start winning today!