There are a few boxes that a vendor needs to tick when trying to make a profit when trading bloodstock.
For most, a horse by a leading sire, a stand out physical specimen with a temperament to match, a strong dam line with plenty of black type, and the thumbs up from one of the biggest names in Australian racing would be a good start.
For Rosemont Stud it is a case of tick, tick, tick, and tick when it comes to Lot 120 at the Inglis Classic Sale, an imposing colt by Snitzel from the G3 winning Fastnet Rock mare Lovemelikearock.
It sounds like the perfect storm for the Magic Millions Gold Coast or Inglis Easter yearling sales, but Rosemont principal Anthony Mithen has taken a different approach to maximise the return on investment for this young colt.
“He got into Magic Millions, Premier, Easter, the lot, but he’s a beautiful colt and I really wanted him to stand out,” Mithen explained.
“I really admire the innovation that is in bloodstock at the moment and when Inglis launched the Gold Riband I wanted to support them with this colt – I think he can nearly top the sale.”
The Gold Riband session takes place on the opening night of the Inglis Classic Sale which begins on Saturday, and is an invitation only session for young horses with the pedigree and conformation to progress to elite two-year-old racing.
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Rosemont spent $160,000 on the Snitzel colt at the 2016 Magic Millions National Weanling sale and with Snitzel’s yearling progeny averaging $331,571 throughout the sire’s career, the stud are looking at a healthy profit.
Based purely on the purchase price of the colt compared to the sire’s sales average Rosemont stands to make a 107% return on investment if the horse sells to the standard expectations, but based on feedback from Inglis bloodstock staff and from early inspections in Sydney, Mithen believes that his highlight lot is well above that benchmark.
“We’re a business and the name of the game for us is buying and selling to make a profit and get the best return that we can. It’s up to the buyer now but anyone that inspects our horses are just blown away by him,” Mithen said.
“I don’t have to tell anyone how well the Snitzel’s run, and the colt is a fantastic example of what his sire can produce. But no one really cares what I think of them, watch out sales videos and listen to what Moods (former champion trainer Peter Moody) has to say – he’s been a fair judge over the years.”
To view Rosemont Stud’s complete Inglis Classic Yearling Sale draft, click here