A colt by first season sire sensation Spirit Of Boom (Sequalo), who was bought for $10,000 at the Magic Millions Gold Coast National Yearling sale, made $300,000 on day one of the Magic Millions Adelaide Yearling Sale yesterday.
By the Eureka Stud-based stallion, who has sired ten winners, including four stakes winners, the colt is the highest-priced yearling sold at the Adelaide sale for 12 years after being bought by Yu Long Investments yesterday.
The colt was pinhooked by Crown Park who purchased him from the Aquis Farm draft in 2017 before sending him to Rosemont Stud in Victoria to be prepared for the sale.
Yu Long Investments also bought the second highest-priced lot sold yesterday, a colt by Nicconi (Bianconi) for $210,000, who was one of nine yearlings to reach six figures in the first session.
The Spirit Of Boom colt, who was consigned by Rosemont Stud as Lot 127, is the fourth live foal out of the Listed-winning mare Moulin Lady (Reset), whose two foals to race are both winners.
Moulin Lady is a half-sister to the European Listed winner and Group Two-placed Bannock (Bertolini) and Sydney metropolitan winner Raheights (Rahy), the dam of P J Bell Stakes (Gr 3, 1200m) winner Diddums (Snitzel) and Listed-placed Brettan (Commands).
Rosemont Stud principal Anthony Mithen told ANZ Bloodstock News the colt had blossomed throughout his yearling preparation, with expectations high of a good result yesterday.
“We presented the horse on behalf of Crown Park, who trade a lot of bloodstock, so it was a great result for them. It is a dream, isn’t it, to turn $10,000 into $300,000 in the space of ten months,” Mithen said.
“He looked absolutely amazing in the ring, so he is a credit to all the staff who have worked so hard. At the whiff of a cool change they are putting rugs on the horses in the middle of the night and all that hard work pays off when you get a result like this.
“It is terrific for the farm and terrific for the pinhooking team who have got the cash.”
Mithen praised the investment of Yu Long Investments’ Yuesheng Zhang, who is becoming a dominant force in the Australian bloodstock market and this year started as a vendor at major sales.
“We were optimistic he could have made $200,000, although he would have been sold for less than that if bidding had stopped, but to stretch all the way to $300,000 was unreal,” he said.
“I have to thank the underbidder John Chalmers and Yu Long putting their hand up at $300,000 was fantastic.
“They are big players in the industry and fellow Victorians and it is nice to see Victorian farms going forward.”
Yu Long Investments general manager Sam Fairgray said Zhang had gone to the Adelaide sale in a bid to buy who he believed to be the best son of Spirit Of Boom in the sale.
“Mr Zhang has been noticing that Spirit Of Boom has been going well, so he went there specifically wanting to try and buy the one he thought was the best in the sale, so he has achieved one of his goals in being able to do that,” Fairgray told ANZ Bloodstock News.
Fairgray said Spirit Of Boom’s start to his stud career could see him on a trajectory seen by current leading Hunter Valley-based stallions I Am Invincible (Invincible Spirit) and Not A Single Doubt (Redoute’s Choice).
“We have seen with the likes of Not A Single Doubt and I Am Invincible that these colonial stallions who have started off at a low base, but have kept on building and building and I am sure Spirit Of Boom will be no different,” he said.”
“He will continue to grow and now the quality of mare will get better, and that doesn’t necessarily mean that the produce improve, but in the sale ring there will be better quality yearlings to come through.
“It will be nice to have a couple in the stable.”
Fairgray said the popularity of Spirit Of Boom meant there would be strong competition for the colt, but Zhang was determined to buy him.
“When you go to a sale like Adelaide there will be a lot of people pinpointed on horses like the Spirit Of Booms, who has the hype, but they are also great types,” he said.
“He is “We will be aiming at the Inglis Easter Sale now and ideally we would like to end up with 40 yearlings (for the year),” he said.
“Some of those are purchased by his friends as well will stay here in Australia and race, but some will also head to China. With Sydney Easter it is about buying some of those nice pedigreed fillies to eventually bring into our broodmare band.”
Rosemont Stud sold five yearlings yesterday for $479,000 at an average of $95,800.
Take a listen to the Magic Millions Day 1 Sale Wrap.