First prize money at Randwick on Monday is not enough to make a dent in Bull Point's purchase price but the manner of his debut victory is enough to suggest he can repay it in full.

The sale topper at the 2012 Magic Millions sale at $960,000, Bull Point is raced by a syndicate which includes Coolmore Stud which stands his sire Fastnet Rock.

After failing to match the other two-year-olds for early speed in the tab.com.au Hcp (1000m), Bull Point ($5.50) was pushed into a gap between horses in the straight by Nash Rawiller and showed an explosive turn of foot to beat the favourite Sweet Kiss ($2.70) by two lengths.

Bloodstock agent James Bester, who bought the colt, led the plaudits from a large contingent of Coolmore representatives.

"To win by two lengths over 1000 metres is awesome," Bester said.

"He looks like a genuine spring prospect and is bred to be a stallion prospect.

"He's a horse who went shin sore a couple of times so that's why he hasn't been to the races before.

"We would be looking towards the early spring races like the San Domenico."

Gai Waterhouse produced both two-year-old winners on the program with Flying Sebring leading all the way to score narrowly in the Significant Prelude (1800m).

The race is a lead-up to the Significant Stakes (1900m) on June 29 for two and three-year-olds and a chance to run juveniles over a distance late in the season.

Rated well in front by Adam Hyeronimus, Flying Sebring held off a late charge from Double Eagle by a half head, denying that horse a $50,000 Inglis bonus.

With Waterhouse on an overseas holiday, Mark Newnham was in charge of her Randwick team and said he hoped the trainer would agree to keep the gelding going for another start.

"I'll talk to Gai and I hope she says to press on," Newnham said.

"He is a horse who could measure up to a race like the Spring Champion Stakes."

Trainer David Payne, who also owns the runner-up, said Double Eagle would go for a spell and come back for a Derby preparation.