Lot 540 - State Of Rest (Ire) x Matronymic (Russian Revolution), colt - $80,000
Buyer: Jim Carey
Vendor: Kia Ora Stud
Jim Carey enjoyed a fruitful second day of buying at Riverside during the Inglis Australian Weanling Sale, with three purchases added to his growing pinhook portfolio. One stood out in particular, Lot 540, a chestnut colt by G1 Cox Plate winner State Of Rest (Ire), and it turned out to be the highest-priced weanling sold across both days by the sire.
He may have been the top priced but with his looks and pedigree, it could well and truly end up a value buy when he is sold next year.
The colt was secured for $80,000, and Carey is cautiously optimistic the son of Newgate Farm’s first-season sire will deliver a healthy return when he reappears as a yearling in 2026.
Lot 540 - State Of Rest (Ire) x Matronymic (colt) | Image courtesy of Inglis
“The stallion (State Of Rest) is a beautiful specimen, and he has left a really nice colt,” Carey said.
“He danced every dance worldwide, and was a seriously good racehorse. He showed his class when he gave weight to Anamoe, and beat him in a Cox Plate.”
Carey was taken by the colt’s strength and physique, describing him as up there with the most impressive colts he’s seen by the young sire.
“This colt has a great hip and hind quarter, and lots of strength. We have a lot of progeny by State Of Rest at home on the farm (Newgate Farm), and I thought that this one compared favourably to them, so I am very happy to get him.”
Jim Carey | Image courtesy of Inglis
There’s also a bit of unique symmetry in the story, The Newgate Consignment offered Matronymic (Russian Revolution) for sale at the 2024 Australian Inglis Broodmare Sale where Kia Ora Stud bought the mare for $75,000 in foal to State Of Rest, with the resultant foal being the colt purchased today.
“We actually sold this mare carrying this colt to Kia Ora Stud, and the colt has grown out in a great nursery like Kia Ora. It’s great to be able to repay them for buying the mare, by purchasing this colt.”
“We actually sold this mare carrying this colt to Kia Ora Stud, and the colt has grown out in a great nursery like Kia Ora.” - Jim Carey
The price tag was slightly higher than expected, but Carey said it reflects the market’s appetite for quality.
“I had to go a little more than I wanted to, but nice colts in the market are making that kind of money.”
