Cover image courtesy of Inglis
To state the bleeding obvious, racing is a game of chance, and yearling buyers aren’t going to spend more than a million dollars on a horse unless the odds are in their favour. Many racing participants love to bag out a million dollar baby who ends up being slow, but the reality is that buyers invest at this level because the risks are worth it.
2020 | 2 | 3 | 9 | / | / | 2 | 17 | 12% |
2021 | 4 | 10 | 18 | / | 1 | 3 | 36 | 11% |
2022 | 4 | 3 | 15 | 4 | 4 | 6 | 39 | 10% |
2023 | 6 | 2 | 5 | 3 | 4 | 24 | 47 | 13% |
Total | 16 | 18 | 47 | 7 | 9 | 35 | 139 | 12% |
Table: The total of million dollar yearlings who were stakes winners, placed or unplaced
People buy these horses, not for their racetrack earnings, but for their breeding potential. The list of million dollar yearlings includes top stallions such as All Too Hard, Beneteau, Darci Brahma and Don Eduardo, plus fillies like Samantha Miss, Shower Of Roses, Sunday Joy, and Estijaab as well as the many others who didn’t have quite the same race record but were good producers as broodmares.
From 2019 onwards, the million-dollar horses have included Group 1 winners Profondo and King’s Legacy, as well as Doubtland, Prague, Zarastro, Brereton, Doull, Millane, Crosswinds, and Setana.
“You do put a target on your back when you spend a lot of money on a horse, but I feel the level of pressure or obligation when you do buy one at that level is that you do so with the conviction that you are buying the best horse that you possibly can. For me, I always buy a horse with that sentiment – believing I’ll have a high chance of success at any price – and the motivation shouldn’t change with price tag,” said bloodstock agent Sheamus Mills.
Sheamus Mills | Image courtesy of The Image Is Everything
“Those expensive horses give you a very good long term chance at a return. Not everyone can afford to play at that end, and people often think that it’s wealthy people throwing money around to beat their chests, for egos, but what I’ve found is that people spending that type of money are measured and considered and (with the current results) what now looks like an obvious trend with top end stock holding its value very well.”
The 3-year-olds
The 39 million dollar yearlings who are currently 3-year-olds, who sold in 2022, include four stakes winners and three stakes placed horses at a rate of 10 per cent stakes winners to purchases, which is well beyond the population figures and even beyond the figures for most of the commercial stallions in Australia.
Schwarz (Zoustar), who cost $1.25million at the Magic Millions Gold Coast Yearling Sale, was a winner on debut this season at three, then won the Listed Amanda Elliot H. at his third start. The colt, trained by John O’Shea, won the G3 Hawkesbury Guineas this autumn to take his record to three wins from seven starts with earnings over $330,000. Purchased by Rosemont-Victorian Alliance and Suman Hedge Bloodstock (FBAA), Schwarz will go to stud with, at least, a Group 3 win on his record.
Schwarz | Image courtesy of Ashlea Brennan
Tom Magnier purchased Caballus (I Am Invincible) for $1million from Bhima Stud at the Inglis Easter Yearling Sale and he was a winner at two in July last year. Coolmore bailed out, selling him in October 2023 for $315,000 at an online sale to Darby Racing, and Caballus has since gone on to win the G3 Eskimo Prince S. with his three wins from eight starts earning him $450,000 so far.
Yarraman Park Stud sold Godfather (I Am Invincible) at the Magic Millions Gold Coast Yearling Sale for $1.1million to James Harron Colt Partnership. He immediately gave a return, winning the Listed Phelan Ready S. on debut as a December 2-year-old. He struggled in the Magic Millions 2YO Classic and had over a year away from the track before placing recently in Brisbane.
Purchased by Sheamus Bloodstock (FBAA) at the Magic Millions Gold Coast Yearling Sale for $1.55million from Emirates Park, Charm Stone (I Am Invincible) ran third in the Listed Maribyrnong Trial S. on debut then won the G3 Ottawa S. Back at three, she won the G3 Quezette S first up, then the Listed Atlantic Jewel S before she ran mid-field in the G1 Golden Rose. She has won three of her six starts with earnings over $390,000.
Charm Stone | Image courtesy of Racing Photos
“Charm Stone will back at Cranbourne on 1 August and is aiming at Gilgai first up,” said Mills.
“I had Sledding run on Saturday who won at Bendigo and on Sunday at Caulfield we’ve got On Display in the 2-year-old race on debut, and then next week we have a filly called Rambling making her debut, so I’ve said to a few people this week that I’m feeling the pressure! Having three million dollar horses go around in five days isn’t great for the anxiety levels.”
Thrilling crop of juveniles
It is the current crop of 2-year-old millionaires who look to be the best yet with six stakes winning juveniles from 47 horses.
James Harron’s colt partnerships have had a fantastic season with Espionage (Zoustar) and Bodyguard (I Am Invincible). He has four rising 2-year-olds who cost more than a million dollars with Golden Slipper entries.
“The Australian breeding industry has become very sophisticated. The breeders are doing an excellent job in putting the right mares and matings together and rearing their horses very well to produce a very good product.
“And we are seeing these well bred, well conformed horses achieve good money in the ring and then reward the investors on the track. There is huge demand for this type of horse, well-bred, well-put together with the race performance on the board, and everyone can benefit along the way,” said James Harron.
“The Australian breeding industry has become very sophisticated. The breeders are doing an excellent job in putting the right mares and matings together and rearing their horses very well to produce a very good product.” - James Harron
“Espionage has been back a few weeks, we couldn’t be happier with him. He’s a very exciting horse with high regard who finished his last prep dominantly in the Kindergarten. He’s put on lovely condition and developed all over, and will work towards The Everest and the Coolmore too. He’s a real speed horse and we want to give him that opportunity. He’ll likely go on a similar path to Home Affairs. We are excited to welcome Coolmore in as partners, who saw the same potential as we have for him going into his 3-year-old season. They did the same with King’s Legacy, whose first crop we are eagerly awaiting.”
Espionage, a $1million purchase from Baramul Stud, won the G3 Breeders’ Plate on debut in September 2023 then bookended his 2-year-old season with a win in the G3 Kindergarten S.
Bodyguard won the Listed Maribyrnong Trial S. on debut in October, then followed it up with a win in the G3 Blue Diamond Prelude (Colts and Geldings) at his next start. With two wins from four starts, he’s already earned over $345,000.
James Harron | Image courtesy of Inglis
Bodyguard was a $1.6million purchase from Emirates Park.
“Bodyguard is back in work. He’s had a bit of interrupted preparation but he has had a long break in Queensland and looks a treat. With Peter Snowden, he’ll be set for the Danehill S. at Flemington, then the Coolmore.”
“Aadvark is back with Troy, and heading to Poseidon S. He’s been very effective down the straight, so he’ll stick to that.”
“Bodyguard is back in work. He’s had a bit of interrupted preparation but he has had a long break in Queensland and looks a treat.” - James Harron
“Fearless is a big rangy colt and has finally filled into that frame. He’s come back looking well and will head to the Golden Rose, kicking off in Run to the Rose, then the Golden Rose, then potentially Caulfield Guineas.”
Coolmore’s Tom Magnier found a stallion prospect when he spent $1.5million at Arrowfield on the colt Switzerland (Snitzel) who won his first three in succession for trainer Chris Waller, including the G2 Todman S. He has earnings over $440,000 and a guaranteed place at stud that will easily make the investment profitable.
High Octane (Deep Field) was sold by Segenhoe Stud at the Inglis Easter Yearling Sale for $1.05million to China Horse Club/Go Bloodstock/Newgate Farm/Trilogy Racing. With his sire now retired, the 2-year-colt will be sought after by breeders when he retires to stud. High Octane won on debut in January, in the Listed Blue Diamond Preview (Colts and Geldings) and had two more starts this season.
Switzerland | Image courtesy of Ashlea Brennan
Kia Ora Stud and TFI invested in their broodmare band when purchasing Eneeza (Exceed And Excel) for $1.1million from Silverdale Farm’s Magic Millions Gold Coast Yearling Sale draft. She rewarded their commitment with a win on debut in the G3 Ottawa S, followed by a win in the Listed Merson Cooper S. Fourth in the G1 Blue Diamond, Eneeza returned in the autumn to win G2 Percy Sykes S and finish her juvenile season with three wins from seven starts with earnings over $1.16million.
Clean Energy (Zoustar) was the second most expensive yearling sold in 2023, purchased by Yulong Investments for $2.6million from Widden Stud’s Magic Millions Gold Coast Sale draft.
Trained by the Waterhouse/Bott team, she is unbeaten in two starts including the Listed Bill Carter S.
Clean Energy | Image courtesy of Ashlea Brennan
The current crop of juveniles also includes Group 2 placed winner Too Darn Lizzy (Too Darn Hot {GB}) and stakes placed Altermatum (Zoustar) and five other winners, proving that this group of horses is already incredible and they aren’t even three yet.
The next crop of million dollar horses
As we head into the next season, there are high hopes for the next crop of 41 millionaires who are now rising 2-year-olds, six of them are already named, and all bar three have a Golden Slipper nomination. The odds are that there’s at least one horse who will win a stakes race and stand at stud among them – the trick is figuring out which ones.
“The yearling Boa Vista is a sister to Summer Loving that sold online the other day. She’s been educated and is spelling with the aim of joining Mick Price’s stable on September 1,” said Mills of rising 2-year-old filly Boa Vista (Snitzel) who he purchased from Newgate Farm at the Magic Millions Gold Coast Yearling Sale for $1.25million.
Summer Loving | Image courtesy of Ashlea Brennan
“The glass ceiling has been broken in Australia. A few years ago, it was very difficult for a retired Group 1 winning mare to make more than a million.
“With recent sales for race fillies, we’ve seen that there are a couple of players in the game that are willing to stretch to whatever it takes to buy a horse like that. It’s hard to purchase that standard of bloodstock but it is a sensible choice if you can afford to do it.
“It’s important that all levels of the industry are nurtured, and the people who play at the top shouldn’t be scoffed at for ‘throwing money away’. Most of those people are pretty smart and they do it for a reason. And the stats back that up. Opinions can be objective but stats don’t lie.”