A Queensland breeder has cracked the lucrative Hong Kong market and is going from strength to strength on the international scene.
Jim Buchanan, better known to most of us as the manager of Global Medi-vet, founded Coolbadah Farm at Beaudesert fifteen years ago.
Jim had the foresight to immediately start negotiations with the Asian market and Coolbadah was specifically designed to target the Hong Kong racing scene.
“I just thought it would be a good market and would go very, very well,” said Jim.
And he was right.
Coolbadah Farm has a great reputation in both Hong Kong and the Phillipines, with their yearlings highly sought after by buyers from both regions.
Jim also has half a dozen racing partnerships with Hong Kong owners and is keen to expand even further in that area.
“We’ve done a lot of work to get where we area,” said Jim.
“It’s all part of our grand plan that’s come together very well and proving very successful.
“It’s a very lucrative market the Asian market.”
But their international rein doesn’t stop there.
Coolbadah just tasted further success at the prestigous Karaka Select Yearling Sale in New Zealand last week. (pictured)
Their cracking Dubawi colt, out of Mlada, went to Magus Equine Ltd in Hong Kong for $200,000 – one of the sale toppers and the highest priced Dubawi.
“We decided to take the punt and send him to New Zealand because the bloodstock agents said he would be popular there,” said Jim.
It was an exciting Karaka Carnival for Jim with the Queensland-bred two year old Green Wings lining up in New Zealand’s richest race, the Karaka Millions.
Green Wings is by Dr Green, a promising sire who Jim is a major shareholder in and stands at his neighbours property, Secret Hill Farm.
“He drew barrier 12 and was caught three wide and just had nothing left by the end of it and then pulled up shin sore,” said Jim.
But it didn’t take the glow of Jim’s success at Karaka and he wouldn’t hesitate in returning if he ever got the opportunity again.
In the meantime, Jim will continue to grow Coolbadah’s business in Hong Kong and the Phillipines, with regular business trips to forge and maintain good relationships.
And that can only benefit all Queensland breeders, by boosting our reputation as a top thorougbred nursery.
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