INGLIS AUSTRALIAN EASTER YEARLING SALE

Newmarket, Sydney, 7-9 April 2015

Mark Webster
Today we have again seen industry players from around the world team up to invest in Australian bloodstock, and it is really encouraging that local syndicators have also been very active up to $200,000, allowing a wider group of Thoroughbred enthusiasts to join together in racing these great Inglis Easter yearlings.
— Mark Webster / Inglis Managing Director

While Tuesday's opening session of the Inglis Australian Easter Yearling Sale was all about champion sire Fastnet Rock (Danehill), Wednesday's second session saw Arrowfield's Snitzel Redoute's Choice) take the spotlight when responsible for the top two lots of the day - a pair of colts purchased for A$2.2 million and A$1.8 million.

The 12-year-old Snitzel has enjoyed a strong run since finishing second to his sire on last year's general sire table, with recent Group 1 winners including Galaxy Stakes victress Sweet Idea and Australian Guineas scorer Wandjina, and he current sits seventh on the sire table.

Snitzel's two top lots fueled another strong day at the Newmarket complex in Sydney. Through the sale's first two sessions, 288 youngsters have changed hands for A$86,015,000, a figure up A$16.1 million from 12 months ago, when 283 were sold. The cumulative average climbed 21% to A$298,663, while the median, at A$200,000, was up 11% from 2014. The buyback rate, which was 27% on day one, dropped to 20.8% Wednesday, up just over six points from 14.2% this time last year.

The second session saw six yearlings break the million-dollar barrier, compared to three on day one and two on day two last year. The number of horses to make A$500,000 and above currently stands at 48, a mark that has well surpassed the 37 at last year's entire sale.

Inglis's Managing Director Mark Webster noted the international representation at the sale. "The diversity of buyers, sires and vendors represented at the top of the yearling market is a great indicator for the overall confidence in the Inglis Easter product and our great Australian industry," he said. "Today we have again seen industry players from around the world team up to invest in Australian bloodstock, and it is really encouraging that local syndicators have also been very active up to $200,000, allowing a wider group of Thoroughbred enthusiasts to join together in racing these great Inglis Easter yearlings."

Lot 264 Snitzel - Admirelle / Inglis (p)

The top lot of the day came in the form of lot 264, a strapping bay from Milburn Creek who is a full-brother to another of Snitzel's recent luminaries in the G1 BRC TJ Smith Stakes winner Sizzling, a young sire at Newgate Farm. Bidding on the son of the stakes-placed Admirelle (General Nediym) opened at an even million, and in the end, it was Tim Stakemire, Racing Manager to Sheikh Mohammed bin Khalifa Al Maktoum, who prevailed at A$2.2 million to set a new high mark for the sale. Sheikh Khalifa also bought Tuesday's session-topper, a A$1.6- million Fastnet Rock filly.

The August foal is one of just six to be offered by Milburn Creek at Easter, a small - for Australia - 200 acre farm in the Southern Highlands owned by John Muir. "My farm manager, Scott Holcombe, said to me, 'You may never get the opportunity to be able to offer a colt of this quality again,''' Muir said. "He thought he was the nicest colt he's ever had the opportunity to bring to a sale."

Muir said he still has Admirelle on his property. She lost her Redoute's Choice colt this year, but is in foal to last year's champion first-season sire I Am Invincible (Invincible Spirit). She will be bred back to Snitzel after producing that foal. "Even before this happened, she was always going to go back to Snitzel - they suit each other," he noted.

Two of Milburn Creek's other four to be offered have made six figures: another Snitzel, a A$600,000 colt sold on day one, and a A$450,000 Northern Meteor colt also sold Tuesday.

INGLIS AUSTRALIAN EASTER YEARLING SALE
Wednesday Top Lots

LOT SEX SIRE DAM PRICE (A$) INFO
264 C Snitzel (AUS) Admirelle (AUS) 2,200,00 Consigned by Milburn Creek
Purchased by Sheikh Mohammed bin Khalifa Al Maktoum
271 F Snitzel (AUS) Alinghi (AUS) 1,800,000 Consigned by Arrowfield Stud
Purchased by David Raphael & Gerald Ryan
323 F Fastnet Rock (AUS) Candlelight (USA) 1,750,000 Consigned by Segenhoe Stud
Purchased by Coolmore Australia
283 C Sepoy (AUS) Ancient Song (AUS) 1,600,000 Consigned by Turangga Farm
Purchased by James Harron Bloodstock
251 F Fastnet Rock (AUS) Wiener (AUS) 1,350,000 Consigned by Kitchwin Hills
Purchased by Gai Waterhouse, Coolmore & Stonestreet
247 F Redoute’s Choice (AUS) Weekend Beauty (AUS) 1,100,000 Consigned by Arrowfield Stud
Purchased by Japan Health Summit

Extracts from Thoroughbred Daily News

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