Cover image courtesy of The Image Is Everything
Hong Kong-based owner Eric Yeung expanded his bloodstock investment with two stallion shares in the Inglis Digital September Early sale. He purchased a share in Ole Kirk for $600,000 and a share in first season sire Southport Tycoon for $180,000.
Yeung owns Ole Kirk’s juvenile stakes winner Prestige Forever as well as city winner Prestige Ole. With 100 shares in Ole Kirk, the price theroetically values the reigning Champion First Season Sire at $60 million.
Adam White | Image courtesy of Inglis
“This (share) was owned by an outside shareholder, and they were in a position where they weren’t really able to use it so it made sense to trade it while the stallion is really hot and they’ve got a great result today,” said vendor Vinery Stud's Adam White.
“Ole Kirk has obviously started off with a bang and he’s a very exciting young stallion going forward and one I think the entire industry collectively agrees is the case. We all saw what he did as a racehorse, a dual Group 1 winner at three so there’s a lot more to come.
“I was surprised with the price to be fair. It’s a lot of money. But I guess you can’t get into the horse, this is the only way to get in and he’s obviously started the new season very well with a run of winners heading into the spring so it’s great to be able to welcome a new investor into him today.”
Ole Kirk’s four stakes winners include Group 3 winners King Kirk and Legacy Bound, Yeung’s Prestige Forever, and R.Listed Magic Millions 2YO Classic winner O’ Ole.
Ole Kirk | Standing at Vinery Stud
Inglis thrilled at the interest level
Inglis Digital’s Business Manager Nick Melmeth confirmed the connection to Prestige Forever when called by TTR and was thrilled with the level of interest in the Ole Kirk share. “There were three individual bidders over $500,000 on the Ole Kirk share, which was already well over the reserve price, so the demand was very, very strong,” Melmeth said.
Nick Melmeth | Image courtesy of Bloodstock
“We have lobbied hard to have the opportunity to sell a share in the stallion, so we are very grateful for the opportunity to bring it to market and ultimately ecstatic with the result, noting the only other share offered at public auction realised $460,000 in May.
“Our feeling is that there is scope for more frequent trade of stallion shares and breeding rights through the platform and results like these today only serve to reaffirm that belief.”
Broodmares round out six-figure lots
The September (Early) Sale grossed $3,376,950 with six other lots making over six figures. Darby Racing purchased the 5-year-old race mare Catahoula (Shalaa {Ire}) while Cannon Hayes Stud bought Nags To Riches (Written Tycoon) with both reaching the third-equal top figure of $135,000. Nags To Riches will go to Home Affairs.
Catahoula | Image courtesy of Inglis
“You’re always hoping to get them for less but she’s worth what she’s worth I suppose,” Dave Morrissey said. “I think Home Affairs is a great match for her.’’
“You’re always hoping to get them for less but she’s (Catahoula) worth what she’s worth I suppose.” - Dave Morrissey
Harry McAlpine purchased Exclusivity (Exceed And Excel) for $130,000 and Lofty Thoroughbreds spent the same sum on 3-year-old filly Secret Galaxy (I Am Invincible). The Sunlight Trust spent $120,000 on Anjeo (Ire) (Galileo {Ire}) and WA’s Geisel Park paid $100,000 for Idolised (Zoustar).
