Hotchin: Extra thousands on the horses

Grand Archway, part-owned by Mark Hotchin, has won more than $1.7 million in prize money. Photo / NZ Herald

A prize horse co-owned by Mark Hotchin has produced a colt expected to fetch hundreds of thousands of dollars at auction next year.

But it is not known if the colt is covered by the freeze on the former Hanover Finance chief's assets.

Mr Hotchin and Westbury Stud - formerly owned by Hanover co-founder and fellow Rich Lister Eric Watson - own the mare Grand Archway, which produced a yearling listed for auction at the Karaka premier sale in February.

Grand Archway is a four-time group-one race winner and has won more than $1.7 million in prizemoney.

Her previous yearlings have sold for between $410,000 and $625,000.

The Securities Commission won an order from the High Court at Auckland to freeze Mr Hotchin's assets in case any of the 16,500 out-of-pocket Hanover investors want to bring civil claims against the company and its directors.

A spokesman said he could not comment on whether the commission was aware of Mr Hotchin's co-ownership of Grand Archway and whether the yearling was part of the asset freeze.