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Bluebloods : Feb 2011 Issue - Sale Previews
MORE than 1200 yearlings changed hands for $85.9m in the first major auction of the year during January, the six sessions of the Magic Millions at the Gold Coast and the three day Inglis Sydney Classic, with results virtually unchanged from 2010 sales. With much of Queensland devastated by floods (after many years of drought) and the international buying bench having to cope with a strong Australian dollar close to parity with the greenback, the select sessions of the Gold Coast sale (sessions one-four) held up remarkably well with the gross of $62,575,000 for 503 lots sold only marginally down on 2010 ($66,640,500 for 515). The clearance rate of 81.4% (56WD, 101PI) was similar to 2010 and the top price was $1,150,000 for the Redoute's Choice-Sunday Joy (Sunday Silence) half- brother to triple Gr.1 winner More Joyous, offered by John Singleton's Strawberry Hill Stud and purchased by Peter Moody. The colt, whose first three dams are Gr.1 winners, bettered last year's $925,000 top. The average was $124,403 and median $90,000 ($95,000 in 2010). The Gold Coast has proved a happy hunting ground for Randwick-based trainer Gai Waterhouse and she was leading buyer, signing for 19 yearlings for $4.2m, while Peter Moody's 11 lots cost $3.2m (he also paid $850,000 for a brother to Golden Slipper winner and sire Stratum) and bloodstock agent Rick Connolly signed for 22 lots ($2.9m), many for former employer Patinack Farm. Anthony Cumming spent $2.9m for 16 lots and Ingham Racing $2.05m for 13 lots, while the major international buyers were the Hong Kong Jockey Club (nine for $2.5m) and South Africa's World Wide Bloodstock (16 lots for $1.62m). "We were cautiously optimistic that the sale would be around the figures of last year and we went close with the average and gross figures falling only slightly," Magic Millions managing director Stephen Silk said. "We're thrilled with the overall clearance rate of 81% although the high Australian dollar was obviously an issue with a number of international buyers, but we still had strong interest and activity from our clients who flew in from abroad." A colt by first season sire Henny Hughes (ex Denia by Thunder Gulch) from the Vinery draft topped the fifth session of the Magic Millions at $210,000 to BC3 Thoroughbreds, with 157 of the 216 catalogued (14WD, 45PI) grossing $7,358,000 (up from $6.7m) to average $46,866 (median $40,000), a clearance of 78%. A Sequalo colt from Lyndhurst Stud topped session six at $45,000, knocked down to Magic Millions (as agent), with 129 of the 227 catalogued (41WD, 57PI) grossing $1,287,250 to average $9979 and with a median of $6625. Classic Sale THE top lot honours at the Classic Sale at $170,000 went to a Magnus-Coconut Mama (Fantastic Light) filly bred by Dean Fleming, offered through his brother's Eliza Park Stud and sold to Blue Sky Thoroughbreds. She was among 13 lots to make $100,000 or better at the Randwick sale which saw 418 of the 575 catalogued ((56WD, 101PI, 81% clearance) sold for $14,181,500 ($12.6m) to average $33,927 (up 3%) and with a 26,000 median. The Magnus filly, from his first crop (his three yearlings at this sale averaged $71,667), hails from the family of Denise's Joy and the youngster's third dam, Queensland Oaks-Gr.1 winner Joie Denise (Danehill) is also the dam of Sunday Joy, whose yearling colt topped the 2011 Magic Millions. Arrowfield's Snitzel, whose colt from Hello Pamela made second top price of $135,000, topped the sale average, his six lots averaging $76,667. "It was a very good sale especially to increase the average and clear above 81% with a catalogue of 60 more yearlings this year," Inglis Bloodstock Director Jonathan D'Arcy said. "Good types by first season sires were well received on the market and this sale has a good track record of producing future stars for young sires." In a surprise development on January 28 Gerry Harvey announced that he and his family had purchased the entire Magic Millions company, acquiring the minority shareholdings of John Singleton and Rob Ferguson. Harvey was already a major shareholder and his wife Katie Page-Harvey also already owned a 25% stake in the company. The sale also prompted the immediate resignation of the company's managing director Stephen Silk and his position will be temporarily filled by former Magic Millions general manager David Chester while a search is made for his replacement. Singleton has also relinquished his stake in Vinery Stud but will retain his shares in Vinery-owned stallions. David Bay 5 WHAT 2YO WINNER WILL YOU FIND BY SNITZEL T| 02 9909 5555 F|02 9909 5599 www.arrowfield.com.au AT INGLIS MELBOURNE PREMIER IN 2011? 2010 Gerald Ryan found HOLLYWEIRD 2010 Triple Crown found HOT SNITZEL 2010 Darby Bloodstock found SARAMENHA February 2011 1200 YEARLINGS sell for $85.9m Lot 564 (Redoute's Choice-Sunday Joy by Sunday Silence) S.H.
Inglis Sydney Classic 2011 Preview
Karaka 2012 Yearling Sale Preview