We have a great wrap up of Qtis from our mates at QLD Breeders.
QTIS 600 Results
A colt by Falvelon has topped Session Two of the 2011 Magic Millions QTIS 600 Yearling Sale after making $110,000 to the bid of leading Queensland trainer Pat Duff.
Pat Duff commented “This (Lot 518) is a standout colt, a typical Raheen Stud type horse – tough, strong and sound – we believe he will train on and improve.”
“Our top galloper Hard To Catch was reared from this stud and he won over a million dollars for us – we will target the $2 million Magic Millions 2YO Classic with this colt.”
The Deagon based trainer has bought 7 yearling’s over the sale (Total Spend $367,000) including a full-sister to Jet Star Girl (Lot 80) who has won over $150,000 in QTIS added stakes and bonuses. In 2010, Duff bought galloper Steel Zip, last start stakes-winner, for $13,000, this horse has returned over $170,000 in seven race starts.
“Once owners have bought a QTIS horse, they don’t want anything else – it is absolutely vital to keep the industry flourishing,” Duff said.
Other top sellers included a colt by Jet Spur for $95,000 to the bid of Magic Millions acting as agent for an undisclosed buyer, and Gold Coast based trainer Bruce Hill went to $90,000 to secure a filly by Red Dazzler. This filly (Lot 382) out of Rainbow Joy, is closely related to Magic Millions Classic winner Dancer’s Joy.
Bruce Hill said, “Everything about her was spot on, and she has a one of the best filly pedigree’s, it’s a good winning family and she is a really nice type,” Hill said.
“The QTIS Scheme is terrific value, it’s gives trainers and owners decent races to aim for,” said Hill.
The sale boasted solid figures across all levels with over $6.69 million traded on 347 yearlings with a clearance rate maintained at 71 per cent. The gross aggregate was down on 2010, but up considerably on the 2009 result of $6,135,500.
The average price of $19,287 was solid, although below the heights of the 2010 sale at $22,166, it was comfortably above the 2009 average of $18,424.
David Chester acting managing director commented “It’s been a remarkably good result considering the natural disasters that have impacted the Queensland economy and in particular the confidence of the racing industry.”
“In spite of this over 110 yearlings were sold to Queensland country buyers, proving the value of the QTIS 600 scheme,” Chester said.
The international buyers again came to the forefront, and solid results were achieved from buyers based in New Zealand, Singapore, Korea, Hong Kong, Malaysia, and China. Interstate buyers were also competitive from Western Australia, New South Wales, Victoria, and South Australia.
SESSION TWO TOP SELLERS
$110,000 (Lot 518) Falvelon – Untold colt
Vendor: Raheen Stud / Buyer: Pat Duff (QLD)
$95,000 (Lot 477) Jet Spur – Stravain Lady colt
Vendor: Glenlogan Park / Buyer: Magic Millions as Agent (QLD)
$90,000 (Lot 382) Red Dazzler – Rainbow Joy filly
Vendor: Corella Stud as Agent / Bruce Hill (QLD)
$80,000 (Lot 480) Show A Heart – Sui Generis colt
Vendor: Glenlogan Park / Buyer: Evan Hartley (QLD)
$77,500 (Lot 467) Jet Spur – Squawable colt
Vendor: Glenlogan Park as Agent / Buyer: Pat Duff (QLD)
$60,000 (Lot 308) Show A Heart – Mimzical colt
Vendor: Newhaven Park as Agent / Buyer: On Track Thoroughbreds (QLD)
$60,000 (Lot 376) Sequalo – Princess Potter colt
Vendor: Lyndhurst Stud Farm / Buyer: Jim Douros (NSW)
$55,000 (Lot 319) Henny Hughes – Miss Raffin Dane colt
Vendor: Racetree as Agent / Buyer: N & J Moore Bloodstock (Macau)
$55,000 (Lot 412) Sequalo – Sale Eve colt
Vendor: Oakwood Farm as Agent / Buyer: Penang Turf Club (Malaysia)
$50,000 (Lot 414) Jet Spur – Sardana Gold colt
Vendor: Furlong Stud / Buyer: Magic Millions as Agent (QLD)
$50,000 (Lot 321) Snippetson – Miss Rogers colt
Vendor: Raheen Stud / Buyer: Magic Millions as Agent (Singapore)
$50,000 (Lot 500) Falvelon – Tides of Fun colt
Vendor: Glenlogan Park / Buyer: Paul Willetts (New Zealand)
OVERALL TOP SELLERS
$120,000 (Lot 195) Jet Spur – Hilaleah Star colt
Vendor: Kiernan Pastoral / Buyer: On Track Thoroughbreds (QLD)
$110,000 (Lot 518) Falvelon – Untold colt
Vendor: Raheen Stud / Buyer: Pat Duff (QLD)
$100,000 (Lot 91) Sequalo – Count The Silver colt
Vendor: Lyndhurst Stud / Buyer: Cameron Cooke (VIC)
$95,000 (Lot 174) Bradbury’s Luck – Ghost Story colt
Vendor: Glenlogan Park / Buyer: Danny Bougoure (Qld)
$95,000 (Lot 477) Jet Spur – Stravain Lady colt
Vendor: Glenlogan Park / Buyer: Magic Millions as Agent (QLD)
$90,000 (Lot 382) Red Dazzler – Rainbow Joy filly
Vendor: Corella Stud as Agent / Bruce Hill (QLD)
$87,500 (Lot 80) Jet Spur – Chicitee filly
Vendor: Glenlogan Park / Buyer: Pat Duff (Qld)
$80,000 (Lot 480) Show A Heart – Sui Generis colt
Vendor: Glenlogan Park / Buyer: Evan Hartley (QLD)
$77,500 (Lot 467) Jet Spur – Squawable colt
Vendor: Glenlogan Park as Agent / Buyer: Pat Duff (QLD)
$67,500 (Lot 22) Show A Heart – Another Syn colt
Vendor: Grandview Park (As Agent) / Buyer: Yeoh Kheng Chye (Singapore)
$65,000 (Lot 39) Jet Spur – Be Faithful colt
Vendor: Glenlogan Park (As Agent) / Buyer: Magic Millions as agent (NSW)
$60,000 (Lot 191) Monashee Mountain – Heaven’s Eyes colt
Vendor: ABC Thoroughbreds / Buyer: Matthew Dale (ACT)
$60,000 (Lot 308) Show A Heart – Mimzical colt
Vendor: Newhaven Park as Agent / Buyer: On Track Thoroughbreds (QLD)
$60,000 (Lot 376) Sequalo – Princess Potter colt
Vendor: Lyndhurst Stud Farm / Buyer: Jim Douros (NSW)
2011 SALE STATISTICS – SESSION ONE & TWO
(2010 in Brackets)
Lots Catalogued: 545 (462)
Lots Sold: 347 (462)
Average Price: $19,287 ($22,166)
Lots Withdrawn: 56 (42)
Lots Passed: 142 (74)
Sale Aggregate: $6,692,500 ($7,669,500)
Top Price: $120,000 ($140,000)
Sold %: 71 (82)
DAY ONE RESULTS
A lovely colt by the exceedingly popular Jet Spur topped proceedings during the first session of the 2011 Magic Millions QTIS 600 Yearling Sale at the Gold Coast today.
Consigned by Kiernan Pastoral, the colt (Lot 195) was snapped up for $120,000 by respected Gold Coast agent Grant Morgan (On Track Thoroughbreds), for a syndicate of owners and will be trained by Trevor Bailey.
“Jet Spur is one of Australia’s most promising sires, we bought the top priced Jet Spur yearling here in January, and to be honest we thought we would have had to pay alot more for this colt – He’s a lovely athletic, precocious colt, there’s some great value at this sale,” said Morgan.
“The owners of Flying Minstrel (by Jet Spur) will be taking shares, and I will keep a share myself. The half-brother to this horse Florida Fellow ran a very impressive second to Show A Prince at Doomben yesterday, the dam Hialeah Star was a good race mare and this colt is bred on the tried and true Danehill and Star Kingdom cross.”
“The QTIS scheme is essential to the development of racing in Queensland, it creates initiatives for new owners, which are very good in comparison to other States, the 2YO prize-money is amazing,” Morgan said.
Following closely, an outstanding colt by Sequalo made $100,000 to the bid of Melbourne based bloodstock agent Cameron Cooke, acting for trainer Tony Gollan and clients.
“He is clearly my pick of the colt’s at this sale – a real standout, good body, very athletic, correct, and a lovely walker,” said Cooke.
“Tony Gollan trained Spirit of Boom, a stake-winner who has won 4 races, over $300,000 with $63,000 in QTIS bonuses, and this horse is a very similar type to him.”
Cooke is a fan of the sale and the QTIS 600 bonus scheme.
“My clients will invest in racing anywhere in Australia wherever they see real benefit and great prize-money incentives. I will keep a share in him, and clients from Melbourne will take shares, we will train and race him in Queensland to take advantage of the great QTIS scheme,” Cooke said.
All up $3,394,500 was grossed on 171 yearlings at an average price of $19,851, down 9 percent on the 2010 average ($21,883) for the opening session. However up 17 percent on the 2009 average of $16,932 for session one.
The clearance rate held at 70 percent – down on last year’s opening session average of 80 percent.
Magic Millions acting managing director David Chester was pleased with the day’s results.
“The Sale held up very well despite the natural disasters that have badly affected Queensland racing this year.
“The average and clearance are down on last year’s sale, but you need to take into account that we are selling an extra 100 horses in this year’s session, which add’s alot of pressure to the average and clearance rate.”
“However on a positive note these factors are very much in buyer’s favour, as there is great value in the market at the moment.”
Magic Millions clients who have attended the sale from Singapore, Macau, China, Malaysia and New Zealand have been very active despite the strength in the Australian dollar so that is an encouraging sign.” Chester said.
Over thirty percent of yearlings sold today have found new homes in far north and central Queensland. The success of the Regional Inward Buyer Scheme has been widely applauded at this sale.
The second session of the sale commences at 10am (Qld time) tomorrow.
SESSION ONE TOP SELLERS
$120,000 (Lot 195) Jet Spur – Hilaleah Star colt
Vendor: Kiernan Pastoral / Buyer: On Track Thoroughbreds (QLD)
$100,000 (Lot 91) Sequalo – Count The Silver colt
Vendor: Lyndhurst Stud / Buyer: Cameron Cooke (VIC)
$95,000 (Lot 174) Bradbury’s Luck – Ghost Story colt
Glenlogan Park / Danny Bougoure (Qld)
$87,500 (Lot 80) Jet Spur – Chicitee filly
Glenlogan Park / Pat Duff (Qld)
$67,500 (Lot 22) Show A Heart – Another Syn colt
Grandview Park (As Agent) / Yeoh Kheng Chye (Singapore)
$65,000 (Lot 39) Jet Spur – Be Faithful colt
Glenlogan Park (As Agent) / Magic Millions as agent (NSW)
$60,000 (Lot 191) Monashee Mountain – Heaven’s Eyes colt
ABC Thoroughbreds / Matthew Dale (ACT)
$55,000 (Lot 111) Falvelon – Dantibes’ Treasure filly
Twin Peaks Thoroughbreds / Paul Willetts (NZ)
$55,000 (Lot 96) Not A Single Doubt – Crash colt
Noralla Stud / McLaughlan Place Racing Stables (QLD)
$55,000 (Lot 64) Jet Spur – Brynica filly
Robyn Wise (As Agent) / John Morrisey (Qld)
SESSION ONE STATISTICS(2010 Session One in Brackets)
Lots Catalogued: 275 (231)
Lots Sold: 171 (167)
Session Aggregate: $3,394,500 ($3,654,500)
Average Price: $19,851 ($21,883)
Top Price: $120,000 ($135,000)
Lots Withdrawn: 29 (21)
Lots Passed: 74 (43)
Sold %: 70 (80)
**Thanks very much to Queensland breeders for such a great rundown!
GIBBO:
I will endeavour to get a few comments from some of the studs we are often in touch with to see how the sales went for them.
I knock up telling people what a great initiative the QTIS600 sales are, but I promise you that the prices are really good, especially if you are looking at racing your first horse, and you want to race it in QLD.
**As I mentioned some mates and myself picked a colt up from the sales, and although lots of brissyraces followers may be well aware of owning horses, I will try to document what his progress is each couple of months so you guys can follow him and enjoy the ride with us!
