Bishara puts that success down to the guidance of Waller and jockey McDonald.
"James is world class and has got terrific hands," he said. "She has become his project horse, I really think.
"He's worked her out, and Chris and his staff have done a terrific job with her. We all know what she looked like in the spring. She was awkward, and she was awkward to start with when she got to Chris."
While most of the attention on Saturday was focused towards Verry Elleegant's famous stablemate, Winx, Bishara said he was delighted with how his charge presented before the race and he captured a moment for posterity on the big occasion.
"I went down and had a look [before the race] and she looked terrific," Bishara said. "She was stabled next to Winx in the tie-ups, that will be a once-in-a-lifetime photo with Winx and Verry Elleegant together. I've got that photo in my book for the rest of my life.
"She's a champion, and if this filly can be half as good as Winx, I'll be very happy. Even one Cox Plate [Group 1, 2040m] would be terrific."
Bishara trained Verry Elleegant to two victories, while she was runner-up in her only other New Zealand start before being sold to clients of Darren Weir.
Weir out-bid Waller to acquire the mare but Bishara said it was a good feeling that her current trainer was able to get his hands on the filly he saw so much ability in.
"He was about $200,000-$300,000 short [of Weir's offer]," Bishara said. "They were a long way off the pace, but it's nice that it has gone full-circle.
"She's about 50-60 per cent New Zealand-owned. Jomara Bloodstock [John, Mark and Rachael Carter] have 25 per cent, we've got 20 or 25 per cent and Tim Barry from the Auckland Racing Club has got a share. So a lot of that money is coming back to New Zealand, which is great for Kiwis."
Verry Elleegant will now head to the spelling paddock before targeting some rich spoils on offer in spring.
"We got an email to say she has come through the race well and she is going to be let down and spell now," Bishara said.
"My gut feeling is that she is still a year away. She is still a maturing horse and she will probably come back in the spring, with Chris' tutelage under her, a far better horse.
"We'll probably have a telephone conference with everyone in a couple of weeks and plot it out.
"But looking at the way Chris has managed Winx's career, you're probably better to leave it up to him. He's in touch with the horse every day."
- NZ Racing Desk