Warren Greatrex will train Mighty Bandit for the Triumph Hurdle at next month’s Cheltenham Festival after he changed hands for €420,000 at Monday’s high-profile Tattersalls Ireland sale at Fairyhouse.

The four-year-old was one of 29 horses to go through the sales ring as part of a dispersal sale by prominent owners Andy and Gemma Brown following their shock decision to quit the sport late last month.

The top lot was the Grade One-winning Caldwell Potter, who is set to join Paul Nicholls after going under the hammer at €740,000, while the second, third and fourth top lots – Fil Dor (€620,000), Pied Piper (€570,000) and Staffordshire Knot (€510,000) – were all bought to return to Gordon Elliott.

Fifth on the list was Mighty Bandit, with Greatrex delighted to get his hands on him after he was bought by Jim and Claire Bryce, his landlords at the historic Rhonehurst yard in Lambourn.

“Everyone wants to train quality horses and he looks to have a very exciting profile,” he said.

“I’m so grateful to Jim and Claire. It was Jim who was pushing for this and the sale yesterday was unique really – I’ve never seen anything like it.

“Normally dispersal sales take place towards the end of horses’ careers, but the majority if not all of the horses sold yesterday are in their prime.

“It captured everyone’s imagination and we had a list of I think seven horses. We liked Fil Dor, but I think between all of us Mighty Bandit was the one we were very keen on because he’s only a four-year-old and we can make him, as it were, going forwards.”

The son of Order Of St George looked every inch a star juvenile in the making when winning on his hurdling debut for Elliott at Punchestown in November, but subsequently disappointed as a hot favourite for a Grade Two at Leopardstown’s Christmas Festival.

However, Greatrex revealed there was a valid reason for that below-par performance and hopes he can show his true colours in the spring.

He added: “He was mightily impressive on his first run, the way he quickened up for a horse that had never run before, it’s very exciting when you see that.

“He scoped dirty after Leopardstown at Christmas and Gordon had told us that he’d also tinkered with his epiglottis, which is something quite common.

“Their thinking was that they were going to aim for the Triumph Hurdle, so as long as everything is good and we’re happy with him that’s where he’ll go.”

With the Festival only five weeks ago, Greatrex admits he is not going to have time to give Mighty Bandit another run before Cheltenham, meaning his preparation will have to take place in Lambourn.

“You would obviously like to see him on the track first, but if Gordon was aiming him for the Triumph he obviously rated him highly and I’m not going to change anything,” he said.

“I think it would be more beneficial to give him time to settle in and go there – and if Cheltenham does come a bit soon, then we’ve got Aintree to roll on to after if we want to.

“He’s only a four-year-old and he’s going to have a very bright future, hopefully, so I will try to do him justice.”

Mighty Bandit was not the only horse from the dispersal who will make the switch from Elliott to Greatrex, with Tactical Affair snapped up for a slightly less eyewatering sum of €62,000.

The five-year-old has won once and placed twice from five starts so far and he too could have Cheltenham on his radar as Greatrex, who trained Stayers’ Hurdle hero Cole Harden and two other Grade One winners in One Track Mind and La Bague Au Roi, looks to get himself back into the big time.

Greatrex added: “All being well, we’ll aim Tactical Affair at the Martin Pipe (Conditional Jockeys’ Handicap Hurdle).

“I know it sounds ridiculous, but I think at €62,000 he was probably very well bought as he’s only a five-year-old and hasn’t had many runs and has a good pedigree.

“It’s very exciting. Everyone knows that I’ve had a few quiet years, but they’ve been going well this year and last year and we want to be back at the top table. Hopefully these with one or two others might get us back there.

“It is tough and we’ve seen in the last couple of years that Ireland are dominating. That’s fair enough and it goes in swings and roundabouts, I think.

“I’ve been there and proved that I can do it in England and in Ireland – I think I’m still the only Grade One-winning British trainer at the Dublin Racing Festival.

“We’ve proved if we get the ammunition we can do it and once you’ve tasted it you want to get back there, so we’ll do what we can to do just that.”