Cover image courtesy of Inglis
At A Glance
In its second year as a two-day sale, the aggregate after the final day stood at $12,845,500, down slightly from $13,065,000 last year, though the gap will likely close as more horses are traded overnight.
The average improved in Day 2 to finish at $52,431, up on $48,750 in 2022.
The median remained steady at $30,000, the same as in 2022.
The clearance rate also improved, and at the close of trade 245 weanlings had changed hands for a clearance rate of 73 per cent, against 78 per cent last year.
The $625,000 Capitalist colt sold on Monday, a brother to Kia Ora’s young sire Captivant, remained the sale-topper as a Deep Field from Fairhill Farm realised $300,000 to head the final day of the sale.
Newgate Farm remained the host of the sale’s leading sire by average (with three or more sold), as Deep Field overtook Capitalist on Day 2, with three weanlings selling for a $245,000 average. Farnan was the sale’s leading first-season sire, with three sold for an average of $153,333.
The dispersing Ashleigh Thoroughbreds draft was overtaken on aggregate by Fairhill Farm on Day 2, the latter selling 25 for a total of $1,838,000. With an average of $138,750 for four sold, Kia Ora led the vendors by that metric.
New Zealand’s Kaha Nui Farm spent the most amongst the buyers, forking out $635,000 on four weanlings.
The Day 2 upswing
Trade picked up a notch on the concluding day, bringing the average up to $52,431 to surpass last year’s figure, despite the clearance rate lagging slightly. The increased activity on Day 2 may have improved some of the metrics, but Inglis Bloodstock CEO Sebastian Hutch described it as a ‘source of frustration’ that a number of buyers left the sale with orders still to fill.
“There’s no disguising the fact that there are parts of the market that are challenging at the moment,” Hutch said.
“It certainly felt like people had a greater sense of urgency about their business today. There were some nice horses that sold today, and we want nice horses to sell well.
“Reflecting on the sale, I think we can say with a fair degree of confidence that nice horses that vetted well and met the credentials of pinhookers did sell well. Whether it was early in the day yesterday or at the end of the day today.”
“Reflecting on the sale, I think we can say with a fair degree of confidence that nice horses that vetted well and met the credentials of pinhookers did sell well.” - Sebastian Hutch
Sir Patrick’s sign-off with rare Savabeel
After much of the breeding stock belonging to the late Sir Patrick Hogan was dispersed via a special Gavelhouse Plus auction last week, the last Sir Patrick-bred weanling to head through an auction ring was consigned by Bhima Thoroughbreds on Tuesday.
It was a fitting end given that Sir Patrick’s considerable impact on the industry can be traced as much through the people he helped to hone as the bloodlines he’s so famous for. Mike Fleming, who runs Bhima with his wife Kate, is a former pupil of Sir Patrick, and explained that his influence extended far beyond that initial employment.
Mike Fleming | Image courtesy of Inglis
“Look, I had a long association with Sir Patrick, or Boss as we knew him, and even after I moved on and managed Brooklyn Lodge and came to Australia, he has always been a great supporter of myself and (my wife) Kate,” Fleming said.
“It is pretty humbling to sell the last horse that he has bred to go through a sale ring. Everyone knew how good he was with what he did, the horses he bred. It’s the end of an era, really. I don’t think we’ll see anyone else in our lifetime or in the future of breeding in general do what he managed to do as a sole operator and build an empire.”
“It is pretty humbling to sell the last horse (Lot 315) that he has bred to go through a sale ring. Everyone knew how good he was with what he did, the horses he bred. It’s the end of an era, really.” - Mike Fleming
Out of the O’Reilly (NZ) mare Tricia'o (NZ), a dual winner, the filly is a half-sister to Group 2 placegetter Titled (Exceed And Excel). With Titled raced by Gary Harding, it was the Kiwi owner who secured the filly for $280,000 over the phone.
“(Titled) showed a lot of ability so we were very pleased to get her,” Harding said. “We liked the pedigree a lot too,” Harding said.
“She vetted really well, some close friends had a look at her and the reports back were very good.”
Lot 315 - Savabeel x Tricia'o (NZ) (filly) | Image courtesy of Inglis
Reported by Fleming to have been bought out for inspections ‘probably close to 150 times’, the relative rarity of Savabeel weanlings offered for sale (just two sold in 2022) undoubtedly combined with the appeal of the Savabeel/O’Reilly cross to make the filly the sale’s third-most expensive purchase.
Striking at 13.2 per cent stakes winners to runners, the cross boasts eight Group 1 winners, most recently responsible for Gai Waterhouse and Adrian Bott’s Australian Derby winner Major Beel (NZ).
“Very pleased with the purchase, we thought for what we want, she was the best filly in the sale. I like racing them as 3-year-olds in the Classic races and that’s the plan with this filly,” Harding said.
“Very pleased with the purchase (Lot 315), we thought for what we want, she was the best filly in the sale. I like racing them as 3-year-olds in the Classic races and that’s the plan with this filly.” - Gary Harding
“We think the sale has been very good, very strong, so pricing her wasn’t an easy task. I said to my wife that I’d like to think we could get her for $220,000 but she may go for up to $300,000 yet, so the price is at the higher end of where I thought she would be but still we’re very happy to be taking her home.”
Sedgwick strays for latest pinhook
Operating under the STAS Bloodstock banner, friends Allison Sedgwick and Shannon Taylor crept into the pinhooking game last year. Whilst Taylor last year joined IRT after many years at Haunui Farm, Sedgwick is Darley’s nominations sales consultant, and so it was no surprise to see that their first purchase last year was a Too Darn Hot (GB) colt.
Allison Sedgwick | Image courtesy of Inglis
They returned again this year to purchase a Harry Angel (Ire) filly (Lot 159) on Monday for $55,000, but on Tuesday they looked beyond the Darley roster for the first time to land a Dundeel (NZ) colt, consigned by Bell River Thoroughbreds as Lot 353.
They secured the three-quarter brother to Ain’tnodeeldun, a daul-Listed winner, for $270,000. The third foal from Ain't She Smart (Smart Missile), the colt is also from the family of recently announced Aquis stallion Stronger and was bred in a partnership including Anna Freedman, wife of trainer Michael.
“We were chatting to the Fergusons about it and they think there’s probably a lot more ability in the family than even the catalogue led you to believe,” Sedgwick explained. “I think we’ll probably send him to Bhima, we have a good relationship with Mike (Fleming).”
Lot 353 - Dundeel (NZ) x Ain't She Smart (colt) | Image courtesy of Inglis
After the excellent season enjoyed by Dundeel, the pair were encouraged by the colt’s resemblance to G1 Sires’ Produce/Champagne S. double winner Militarize (NZ), who Taylor remembers well from her time at Haunui Farm.
“I really loved him since the first time I saw him on Friday,” Taylor explained. “He reminded me a lot of Militarize - I worked at Haunui Farm for a long time and he was born and raised there. He was in a similar mould and we thought we’d have a go and luckily Allison (joined).
“Like always, we paid a bit more than probably we wanted to, but he’s such a nice colt and, at that level, you’d have to think you can easily clear that at whichever sale he goes to. Hopefully he develops like we think he can and turns into a nice result for everybody.”
“Like always, we paid a bit more than probably we wanted to ($270,000), but he’s (Lot 353) such a nice colt and, at that level, you’d have to think you can easily clear that at whichever sale he goes to.” - Shannon Taylor
Farnan gains traction, proven sires remain popular on Day 2
There were a smattering of notable results for first-season sires as the second day of trade got underway. A son of Peltzer (Lot 295) went for $100,000, followed by Lot 296, a colt by King’s Legacy which sold to The Hermitage for $140,000.
Those results handed each sire their top lot for the sale, the same being true of the Hanseatic colt (Lot 351) from Fairview Park Stud, which sold to Sullivan Bloodstock for $145,000. However, it was Kia Ora’s Farnan who led the first-season sires highest amongst the established names on average (with three or more sold).
Farnan | Standing at Kia Ora Stud
The son of Not A Single Doubt had three sell for an average of $153,333, putting him in third spot behind Deep Field and Capitalist, and in general they were much admired by some of their vendors at least, with three passing in for $200,000 or more across the sale.
Sires by aggregate
Capitalist | 5 | $969,000 | $193,800 | $625,000 |
King's Legacy | 15 | $930,500 | $62,033 | $140,000 |
Deep Field | 3 | $735,000 | $245,000 | $300,000 |
So You Think | 5 | $652,500 | $130,500 | $200,000 |
Russian Revolution | 11 | $557,000 | $50,636 | $180,000 |
Hellbent | 8 | $556,000 | $69,500 | $125,000 |
Farnan | 3 | $460,000 | $153,333 | $180,000 |
Pierro | 6 | $460,000 | $76,667 | $175,000 |
Zoustar | 3 | $440,000 | $146,667 | $220,000 |
Prague | 9 | $369,000 | $41,000 | $90,000 |
Sires by average (3 or more sold)
Deep Field | 3 | $245,000 | $735,000 | $300,000 |
Capitalist | 5 | $193,800 | $969,000 | $625,000 |
Farnan | 3 | $153,333 | $460,000 | $180,000 |
Zoustar | 3 | $146,667 | $440,000 | $220,000 |
So You Think | 5 | $130,500 | $652,500 | $200,000 |
Toronado | 3 | $120,000 | $360,000 | $160,000 |
The Autumn Sun | 3 | $83,333 | $250,000 | $140,000 |
Ole Kirk | 4 | $82,500 | $330,000 | $160,000 |
Pierro | 6 | $76,667 | $460,000 | $175,000 |
Brazen Beau | 3 | $70,000 | $210,000 | $80,000 |
Fairhill finishes in front
A flurry of action on Day 2 saw Fairhill Farm overtake the dispersing Ashleigh Thoroughbreds as the leading vendor on aggregate, making it a fifth-straight year at the head of the vendors for Mike and Debbie O’Donnell’s farm.
Producing the top result on the concluding day, and second-best overall, Fairhill sold their Deep Field colt (Lot 437) to AB Bloodstock for $300,000. He’s the second foal from Cribbage (Eurozone), a half-sister to G1 Railway S. winner Good Project (Not A Single Doubt).
Lot 437 - Deep Field x Cribbage (colt) | Image courtesy of Inglis
“I’m very, very pleased considering the current market conditions, we are overwhelmed with the result,” Mike O’Donnell said. “We were expecting a good price. We thought we might hit $200,000, so it was exciting to hit $300,000. We went on the market at $150,000, so it was good.
“(Inspections) were very, very good. They were comparable with last year but the market was far more discerning than last year. They were looking for risk-free animals.”
“I’m very, very pleased considering the current market conditions, we are overwhelmed with the result ($300,000 for Lot 437).” - Mike O'Donnell
Asked about the Fairhill policy of selling all their stock as weanlings, O’Donnell added:
“You’ve got to take the good with the bad and we’ve got to at least be a seller and present all and that’s what we try to do.
“I am very happy for them (pinhookers) to make plenty because they’re the best adverts for us. In fact, it’s disappointing if someone doesn’t make plenty.”
Vendors by aggregate
Fairhill Farm, Mulbring | 25 | $1,838,000 | $73,520 | $300,000 |
Ashleigh Thoroughbreds, Scone (Dispersal Sale) | 16 | $1,582,000 | $98,875 | $625,000 |
Middlebrook Valley Lodge, Scone | 11 | $833,000 | $75,727 | $255,000 |
Bhima Thoroughbreds, Scone | 6 | $655,000 | $109,167 | $280,000 |
Tyreel Stud, Agnes Banks | 7 | $648,500 | $92,643 | $220,000 |
Kia Ora Stud, Scone | 4 | $555,000 | $138,750 | $180,000 |
Coolmore Stud, Jerrys Plains | 17 | $550,500 | $32,382 | $110,000 |
Bell River Thoroughbreds, Glen William | 8 | $510,000 | $63,750 | $270,000 |
Mullaglass Stud, Scone | 8 | $368,000 | $46,000 | $80,000 |
Twin Hills Stud, Cootamundra | 11 | $367,000 | $33,364 | $100,000 |
Vendors by average (3 or more sold)
Kia Ora Stud, Scone | 4 | $138,750 | $555,000 | $180,000 |
KBL Thoroughbreds, Beaudesert, Qld | 3 | $110,000 | $330,000 | $180,000 |
Bhima Thoroughbreds, Scone | 6 | $109,167 | $655,000 | $280,000 |
Ashleigh Thoroughbreds, Scone (Dispersal Sale) | 16 | $98,875 | $1,582,000 | $625,000 |
Tyreel Stud, Agnes Banks | 7 | $92,643 | $648,500 | $220,000 |
Davali Thoroughbreds, Luskintyre | 4 | $80,625 | $322,500 | $180,000 |
Fernrigg Farm, Denman | 3 | $78,667 | $236,000 | $180,000 |
Middlebrook Valley Lodge, Scone | 11 | $75,727 | $833,000 | $255,000 |
Fairhill Farm, Mulbring | 25 | $73,520 | $1,838,000 | $300,000 |
Golden Grove, Denman | 5 | $361,000 | $72,200 | $150,000 |
Kiwi buyers strongest
Buyers from New Zealand spent the most on average across the sale (of regions with three or more purchases), bringing home 34 at a rate of $70,250 apiece.
In fact, the eastern Australian states were only as high as fourth by average spend, with the Kiwi buyers followed by those from Hong Kong (four purchased for an average of $65,250) and Western Australia (14 purchased for an average of $64,000).
“We had strong representation from New Zealand - Brett (Gilding), Jonathan (D’Arcy) and Dean Hawthorne have worked hard on that,” Sebastian Hutch said.
“They’re very particular about what they want to buy. Generally speaking they’re looking to shop in terms of quality not quantity.
“There were a large number of New Zealand pinhookers here, a number of whom didn’t buy which is disappointing for them and frustrating for us that we couldn’t get enough horses in front of them.”
Top buyers
Kaha Nui Farm | 4 | $635,000 | $158,750 | $255,000 |
China Horse Club / Newgate / Go / Trilogy | 1 | $625,000 | $625,000 | $625,000 |
AB Bloodstock | 3 | $575,000 | $191,667 | $300,000 |
Simon Miller Racing | 3 | $370,000 | $123,333 | $140,000 |
Coventry Bloodstock | 2 | $340,000 | $170,000 | $180,000 |
Fernrigg Farm Pty Ltd | 3 | $340,000 | $113,333 | $180,000 |
Sledmere Stud / Cangon Stud Farm | 5 | $339,000 | $67,800 | $130,000 |
STAS Bloodstock | 2 | $325,000 | $162,500 | $270,000 |
J Carey | 2 | $295,000 | $147,500 | $175,000 |
Noorlim Park Thoroughbreds | 2 | $290,000 | $145,000 | $180,000 |
Fillies close down colts
In 2022, fillies were 27 per cent cheaper than the colts, whilst that figure was 52 per cent in 2021 and 27 per cent in 2020. Decreasing to the lowest level in the last few years, fillies sold on average for a 24 per cent discount against the colts at this year’s sale.
Lot 402 - Deep Field x Californiasurprise, colt - $255,000
Kaha Nui Farm made their biggest purchase of the sale on Day 2 via Lot 402, a Deep Field colt consigned by Middlebrook Valley Lodge. Bred by Middlebrook’s Verna Metcalfe in partnership with EW and SM Beirs, the colt is the fourth foal from the I Am Invincible mare Californiasurprise, a juvenile winner.
The dam of one foal to race so far, a winner, Californiasurprise is herself out of the high-class Western Australian 2-year-old Camporella (Exceed And Excel), winner of the G3 WATC Sires’ Produce S., R. Listed Magic Millions Perth 2YO Classic and Listed Gimcrack S.
Lot 402 - Deep Field x Californiasurprise (colt) | Image courtesy of Inglis
It was a smart start for Metcalfe and her co-breeders, with the mare having been purchased at last year’s Inglis Australian Broodmare Sale for $140,000 when in-foal to this colt.
Lot 435 - Maurice (Jpn) x Courtesan (NZ), colt - $190,000
The second of three purchases by AB Bloodstock was Lot 435, the Maurice (Jpn) colt consigned by Kerry Stephens and Denis Griffin’s Glenbeigh Farm. Knocked down for $190,000, he is out of Courtesan (NZ) (Mastercraftsman {Ire}), a half-sister to dual Group 1 winner Monaco Consul (High Chaparral {Ire}).
Courtesan was a $100,000 purchase at the 2022 Inglis Digital (Early) Online Sale by D Farming, when in foal to this colt.
Lot 435 - Maurice (Jpn) x Courtesan (NZ) (colt) | Image courtesy of Inglis
Lot 329 - Farnan x Waterloo Sunset, colt - $180,000
Kia Ora’s first-season sire Farnan was handed his highest-priced weanling on the second day of the sale when their own colt, Lot 329, sold to Black Ridge Farms for $180,000.
He is out of the Group 2-placed Fastnet Rock mare Waterloo Sunset, who was picked up by Kia Ora at last year’s Inglis Chairman's Sale for $300,000. Her only foal to race is the winning Frankel (GB) filly Unclouded, and with her own dam being the G1 Flight S. winner Unearthly (NZ) (Zabeel {NZ}), Waterloo Sunset is a half-sister to Group 1 winner Invest (Dehere {USA}).
Lot 329 - Farnan x Waterloo Sunset (colt) | Image courtesy of Inglis
Top lots
437 | Deep Field | Cribbage | C | Fairhill Farm | AB Bloodstock VIC | $300,000 |
315 | Savabeel | Tricia'o | F | Bhima Thoroughbreds | G Harding NEW ZEALAND | $280,000 |
353 | Dundeel | Ain't She Smart | C | Bell River Thoroughbreds | STAS Bloodstock NEW ZEALAND | $270,000 |
402 | Deep Field | Californiasurprise | C | Middlebrook Valley Lodge | Kaha Nui Farm NEW ZEALAND | $255,000 |
435 | Maurice | Courtesan | C | Glenbeigh Farm | AB Bloodstock NSW | $190,000 |
329 | Farnan | Waterloo Sunset | C | Kia Ora Stud | Black Ridge Farms NSW | $180,000 |
363 | Pierro | Angharad | C | Kia Ora Stud | J Carey NSW | $175,000 |
379 | Toronado | Belavynshi | C | Fairhill Farm | Merrick Staunton HONG KONG | $160,000 |
400 | Farnan | Bulle De Champagne | C | Fairhill Farm | Coventry Bloodstock NSW | $160,000 |
422 | Toronado | Coachella | C | Golden Grove | C Wong NSW | $150,000 |