Presented as Lot 127 by Rosemont Stud the colt was sold to Yulong Investments for $300,000 after a fierce bidding duel with leading Perth based bloodstock agent John Chalmers.
The colt, a stunning pin hook result from last year’s Magic Millions National Weanling Sale, is the fourth live foal from the stakes winning Reset mare Moulin Lady.
“He was short listed by Mr Zhang,” Yulong’s Eric Koh said. “We were looking for a nice yearling by Spirit of Boom – the up and coming sire.”
“This lot really caught our eye and Mr Zhang really likes him – he was determined to get him.”
“There’s a lot of hype about him (Spirit of Boom) and we think he’s producing really good types and we wanted to buy one.”
Rosemont Stud’s Anthony Mithen said the result was almost unprecedented – a massive pin hook success. The colt was purchased as a weanling for $10,000 on the Gold Coast.
“It’s a great result for good clients of ours Crown Park Thoroughbreds, who do a bit of dabbling on low end weanlings – trying to pin hook a few for a profit and they’ve done a great job here – $10,000 into $300,000.”
The team from Yulong were back in the action later in the afternoon when they went to $210,000 to secure the day’s second top seller, the Nicconi-Sparkle Arkle colt from first time Adelaide sellers Princess Park Thoroughbred Farm.
The top priced filly of the day was Lot 11 – the Spirit of Boom filly from Done Deal who was sold for $125,000 to Lloyd Kennewell from the Eureka Stud and Cornerstone Stud Partnership.
During the opening day of the sale over $7.4 million was traded on 173 lots sold at an average price of $43,245 and clearance rate of 80%. The average price is tracking ahead of last year’s Book One final statistics.
“We’re really pleased with how the day went,” Magic Millions Managing Director Barry Bowditch said. “There’s a good deep, diverse buying bench – every state of Australia is on the results list and we have people from China, Hong Kong, New Zealand and Singapore on the board.”
“To have a $300,000 lot and to have four horses make $150,000 or more – we’re pleased with where we are at, at this stage of the sale.”
“Vendors who are presenting quality yearlings are being well rewarded with strong prices,” Bowditch pointed out.
To view the results and to make an offer on a passed in lot click here.
To recap today’s action in a video review click here.
The 2018 Adelaide Yearling Sale wraps up tomorrow with the final session of Book One yearlings to be followed by Book Two. Selling commences at 10am (SA time).
DAY ONE STATISTICS
(New 2 Day Format in 2018)
Lots Catalogued: 240
Lots Sold: 173
Lots Passed In: 44
Lots Withdrawn: 23
Gross Amount: $7,481,500
Top Price: $300,000
Average Price: $43,245
Median Price: $35,000
Sold %: 80
DAY ONE TOP SELLERS
$300,000 – Spirit of Boom-Moulin Lady colt (Lot 127)
Vendor: Rosemont Stud (As Agent) / Buyer: Yulong Investments (Australia) Pty Ltd (Vic)
$210,000 – Nicconi-Sparkle Arkle colt (Lot 205)
Princess Park Thoroughbred Farm / Yulong Investments (Australia) Pty Ltd (Vic)
$160,000 – Deep Field-Noor el Ain colt (Lot 136)
Holbrook Thoroughbreds (As Agent) / McEvoy Mitchell Racing (SA)
$150,000 – Street Boss-Great Anna colt (Lot 56)
Princess Park Thoroughbred Farm / Tam Sui Keung/James Moore Racing (HK)
$125,000 – Spirit of Boom-Done Deal filly (Lot 11)
Eureka Stud-Cornerstone Stud Partnership / Kennewell Racing (SA)