A two-year-old youngster named Bank Interest, who is also out of mare Rainbeam, is being pre-trained by John Johnston at Caloundra.
“If he is half as good then I will be happy,” Ludwig said.
“We can only dream. He is not a bad sort, but Bank Bank Bank was by Written Tycoon.
“This one is by Jungle Cat, who is no comparison to Written Tycoon as a stallion.”
Ludwig parted with just $5,000 for his unraced youngster.
The yearling that became Bank Interest was set to go through the Magic Millions sales before he was eventually removed.
Sometime later, the 72-year-old Ludwig saw the yearling for sale online and sent his son out to inspect the then colt.