Offered by Cornerstone Stud, the day’s top seller became the fourth lot to pass the previous record price when he sold for A$425,000.
Bidding online from his Singapore base, Mr Chua Song Ru of Aramco Racing was the successful buyer of the Capitalist colt, who is the eighth foal of the group performed Flying Spur mare Okaylah. Spendthrift Farm was underbidder.
A colt by Capitalist was the star on Day Two as the 2021 Magic Millions Adelaide Yearling Sale was declared a runaway success.
A Melbourne winning half sister to Kick ‘n’ Chase, Okaylah earned black as a two and three-year-old before retiring to stud where she has already produced five winners.
Sam Hayes of Cornerstone Stud was delighted with the final price of the handsome chestnut colt.
“I am a bit overwhelmed actually,” a delighted Hayes said. “There was quite a big build-up. I was a bit nervous, so it was great that he sold like that.”
“That probably exceeded our expectations but the market is strong. It has been a great year for horse racing, the past twelve months, and we are just happy to be part of it.”
“I think that’s the best thing about it is, it gets you thinking about what you can bring back next year when they make that sort of money,” Hayes added.
Earlier in the day the Impending-Kandy Korn filly offered by Armidale Stud was sold for $250,000 to Victorian based buyer Anthony Ottobre.
The filly, who is a half sister to recent Hobart Cup winner Double You Tee and group performer Lunakorn, looks set for a future of racing in Melbourne.
The result helped elevate Armidale Stud to third place on the leading vendor list (by average – 2 or more sold) and follows on from their sale topping result at the recent Tasmanian Yearling Sale.
Goldin Farm, who provided the two top sellers yesterday, rounded out as leading vendor by average with their seven sellers averaging A$171,286. Emirates Park (A$140,000 for 2 sold), Edinburgh Park (A$96,667 for 3 sold) and Grenville Stud (A$92,000 for 5 sold) also provided great highlights.
Cornerstone Stud was the leading vendor by gross with almost A$1.4 million grossed on their 20 yearlings sold. Baramul Stud were close behind on A$1.281 million for 20 sellers and Goldin Farms grossed almost A$1.2 million for seven lots sold.
The partnership of Will Clarken, Suman Hedge Bloodstock and David Jolly rounded out the sale as leading buyer on gross with their eight purchases costing A$751,000. Mark Kavanagh snapped up 11 lots across both days.
Magic Millions Managing Director Barry Bowditch said he was delighted with the figures returned over the past two days in Adelaide.
“They (Cornerstone) are one of the figurehead breeders in the state, one of the stallion stations here in the state and they have kept an outstanding colt back here for the sale and they have been rewarded,” Bowditch said.
“I think, again, it will give Sam confidence that he can bring that sort of horse to the sale and get a great result which is what we have been trying to get to for years and I am pleased that we’ve been able to achieve that in this market.
“In my time, it is far and above anything we’ve achieved here. To average well into the A$50,000s, to clear 86 per cent of the Book One horses, the sale has grossed almost A$15 million, it is a fantastic result for the state.”
“What I am very pleased about is the South Australian trainers, I can’t remember the last time they spent $5 million here.”
“They have got behind the local market, there’s confidence in the racing here and there is confidence that the increases in prize-money are giving them an opportunity to compete and, therefore, that will give the breeder confidence to reinvest and support this sale heavily going forward.”
“From an interstate perspective, buyers love coming here. It’s a fun sale and from a local perspective, what Racing SA is doing is fantastic. They are getting behind the industry.”
“There is a spring in their step of the trainers here and that will reflect on the breeders and give us great momentum for the sale.”
“I really want to thank Adrian Hancock for the time and effort he has put in to the sale – his passion for South Australia is clear to see. The continued support of Wendy Cubitt and the Adelaide team is to be congratulated – the whole event has been a remarkable success.”
The focus of the Australian bloodstock industry now switches north to Queensland with the 2021 Gold Coast March Yearling Sale to be staged on Monday and Tuesday.
“It’s a great sale for us,” Bowditch noted.
“There’s plenty of opportunity at the Gold Coast March Yearling Sale – it’s a great catalogue so we encourage everyone to get amongst it.”
To see the results of the 2021 Magic Millions Adelaide Yearling Sale and to make an offer on a passed in lot click here.
BOOK ONE STATISTICS
(2020 in brackets)
Lots Catalogued: 337 (401)
Lots Sold: 258 (286)
Lots Passed In: 41 (76)
Lots Withdrawn: 38 (39)
Sale Gross: A$13,950,000 (A$11,020,500)
Average Price: A$54,070 ($38,533)
Top Price: A$525,000 ($270,000)
Median Price:A $37,750 ($30,000)
Sold %: 86.3 (79)
DAY TWO TOP SELLERS
A$425,000 – Capitalist-Okaylah colt (Lot 286)
Vendor: Cornerstone Stud (As Agent) / Buyer: Aramco Racing (Vic)
A$250,000 – Impending-Kandy Korn filly (Lot 224)
Armidale Stud (As Agent) / Anthony Ottobre (Vic)
A$180,000 – Sooboog-Regrowth filly (Lot 323)
Edinburgh Park / Will Clarken/Suman Hedge B’stock/David Jolly (SA)
A$160,000 – Shalaa-Queen Magdalene filly (Lot 311)
Baramul Stud / Mick Price Racing/Bevan Smith B’stock (Vic)
A$150,000 – Pierro-Red is the Rose colt (Lot 319)
Baramul Stud / Mick Price Racing & Breeding (Vic)
BOOK ONE TOP SELLERS
A$525,000 – Fastnet Rock-Small Minds colt (Lot 22)
Vendor: Goldin Farms / Buyer: Tony Fung Investments/Annabel Neasham Racing (NSW)
A$425,000 – Capitalist-Okaylah colt (Lot 286)
Cornerstone Stud (As Agent) / Aramco Racing (Vic)
A$370,000 – Palentino-Wings of Alice filly (Lot 79)
Willow Grove Stud / Ryan Balfour (SA)
A$360,000 – Merchant Navy-Bacchanal Woman filly (Lot 110)
Goldin Farms / Boomer Bloodstock/Murray Thoroughbreds (Vic)
A$250,000 – Impending-Kandy Korn filly (Lot 224)
Armidale Stud (As Agent) / Anthony Ottobre (Vic)
LEADING BUYERS
(Book 1 – by gross)
A$751,000 – Will Clarken/Suman Hedge B’stock/David Jolly – 8 lots
A$525,000 – Tony Fung Investments/Annabel Neasham Racing – 1 lot
A$513,500 – Kavanagh Racing – 11 lots
A$486,000 – Macdonald Gluyas Racing – 6 lots
A$425,000 – Aramco Racing – 1 lot
LEADING SIRES
(Book 1 by average – 2 or more sold)
A$201,250 – Capitalist – 4 sold
A$125,000 – Your Song – 2 sold
A$114,250 – Palentino – 4 sold
A$106,000 – Merchant Navy – 5 sold
A$102,500 – Toronado – 2 sold
LEADING VENDORS
(Book 1 by gross)
A$1,395,500 – Cornerstone Stud – 20 sold
A$1,281,000 – Baramul Stud – 20 sold
A$1,199,000 – Goldin Farms – 7 sold
A$747,500 – Mill Park Stud – 9 sold
A$737,500 – Bowness Stud – 21 sold
LEADING VENDORS
(Book 1 by average – 2 or more sold)
A$171,286 – Goldin Farms – 7 sold
A$140,000 – Emirates Park – 2 sold
A$111,500 – Armidale Stud – 4 sold
A$96,667 – Edinburgh Park – 3 sold
A$92,000 – Grenville Stud – 5 sold
