MM Adelaide Yearling Sale Day 2 - Akeed Mofeed record as market stays soft

5 min read
Book 1 of the Magic Millions 2019 Adelaide Yearling Sale came to a close on Wednesday, with a softness in the middle to lower end of the market undermining the strength at the top end.

At A Glance

>> The Book 1 average finished on $39,920, nearly $4000 less than last year, when it was $43,763

>> The median slumped from $35,000 to $30,000

>> The clearance rate was also well down, from 84.72 per cent to 78.8 per cent

>> Despite the fact that the catalogue was bigger this year, the aggregate was down from $11.16m to $9.94m

>> A positive was the greater international horses bought at the sale, with 12 lots sold to Hong Kong compared to three last year and 13 to New Zealand compared to 10 in 2018

>> There were ten lots sold at $150,000 or above compared to just five last year

Moore demand for Akeed Mofeed

An equal record price for a yearling by Akeed Mofeed (GB) highlighted the final session of Book 1 at the Adelaide Yearling Sale.

Gary Moore Racing went to $200,000 for Lot 254, a colt offered by the sire's former home, Goldin Farms.

He is out of More Than Ready mare Calemore, who has already produced multiple winners Thunder Cat (Real Saga) and Unyielding (I Am Invincible). The dam is a half sister to G1 Thousand Guineas winner Lady of the Pines (Bluebird {USA}), a family that also includes another Group 1 winner in Caledonian Boy (Plush {NZ}).

Gary Moore after purchasing Lot 254

"I've been watching him for the past two days," Moore told Racing.com. "I admired the stallion when he raced in Hong Kong. He's a very good-looking horse, he's got great bone, I feel he's a nice acquisition for the stable in Sydney."

"He's a very good-looking horse, he's got great bone, I feel he's a nice acquisition for the stable in Sydney." - Trainer Gary Moore

The price matches the record $200,000 paid for an Akeed Mofeed colt at last week's Premier Sale in Melbourne.

The former Hong Kong champion is headed to Swettenham Stud this season having spent the past five seasons at owner Pan Sutong's Goldin Farms at Angaston in South Australia.

He ended Book 1 as clearly the leading sire on aggregate with 14 horses sold for a total of $865,000.

Macdonald and Gluyas shop late on

In a quieter session than Tuesday, the other yearling to reach $150,000 plus was Lot 301, a Shamus Award filly offered by Willow Grove Stud.

Local powerhouse training operation, Leon Macdonald/Andrew Gluyas Racing, paid $150,000 for the filly out of El Milagro (Encosta De Lago), having bought her stakes-winning half-brother Tequila Time (Stratum) at this sale two years ago. Another half-sibling, Inner Warrior (God's Own) was also a stakes-winner while the dam's half-sister produced the black-type winner, Pardoe.

"She's quite a nice filly. Not over big I suppose, but she's all there, she's put together well and I was always pretty interested in buying her," Macdonald said.

"She's put together well and I was always pretty interested in buying her." - Trainer Leon Macdonald

Macdonald and Gluyas also went to $140,000 for Lot 338, a colt by Shooting To Win out of stakes-placed mare Gwynethanne (NZ) (Handsome Ransom).

They ended up with five horses for Book 1, spending $500,000 to finish just behind Yulong, who bought four yearlings for a total of $515,000 on Day 1, as the leading buyers.

Cornerstone Stud, who sold 25 horses for a total of $726,500, ended up the leading vendor on aggregate, ahead of Goldin Farms which sold 10 horses for a total of $723,000. Tasmania's Grenville Stud, who had three horses sell on Day 1, led the vendor averages at $163,333.

Darley's first-season sire Exosphere secured Book 1 honours in terms of leading sire averages (three or more sales) with three sales at $113,333, with Shamus Award second on $88,250.

Local buyers stand up

Despite a funding crisis hitting the South Australian industry in the past 12 months, South Australian buyers actually spent nearly $300,000 more in Book 1 of the sale this year.

The drop off came in Victorian buyers (minus approx. 600k), NSW buyers (minus approx. 300k) and most notably Western Australian buyers, who dropped from spending nearly $900,000 across 22 lots last year to just eight lots for a total of $134,000 this year.

The top lot of Book 2 was a colt by Toronado (Ire) who is headed to Hong Kong. John Foote paid $80,000 for Lot 374, which was offered by Mill Park out of the mare Marmelo (Duke of Marmalade {Ire}), who is from the family of G1 Australian Oaks winner Tributes (Quest For Fame {GB})

Lot 374 Toronado x Marmelo

Book 2 performed better than last year, with the average of $16,401 and median of $11,000 both up slightly on last year, while clearance rate was 79.5% per cent in the immediate aftermath of the sale.

“The good horses sold extremely well,” Magic Millions Managing Director Barry Bowditch said. “Vendors who supported the sale with the right horses have been rightly rewarded.”

“It goes to show the South Australian breeders who keep their nice horses here and support the Adelaide Sale that they can get huge results.”

“It was pleasing to see the strength of the local owners and trainers considering the challenges they are facing with the current racing climate in South Australia.”

Leaderboards - Book 1

Top lots overall

157Dundeel (NZ)Swan River (AUS)FSold0250,000McEvoy Mitchell Racing P/L /Suman Hedge BstocSARushton Park, Tatura, Vic
254Akeed Mofeed (GB)Calemore (AUS)CSold0200,000Gary Moore Racing LtdNSWGoldin Farms, Angaston, SA
230Zoustar (AUS)Asylum Seeker (SAF)FSold0190,000Redgum Racing/CB BloodstockVICGrenville Stud, Whitemore, Tas
72Brazen Beau (AUS)Natural Swinger (NZ)CSold0190,000Kennewell Racing / Group 1 BloodstockVICGrenville Stud, Whitemore, Tas
122Written Tycoon (AUS)Rossa Mia (AUS)CSold0180,000Yu Long Investments (Australia) Pty LtdVICPrincess Park Thoroughbred Farm, Nagambie, Vic
100Exosphere (AUS)Pontington (AUS)CSold0180,000Richard and Chantelle JollySAArmidale Stud, Carrick, Tas
84Not a Single Doubt (AUS)Our Emily Mia (AUS)FSold0170,000Yu Long Investments (Australia) Pty LtdVICGlastonbury Farms, Scone, NSW
42Shamus Award (AUS)Lil Cashy (AUS)CSold0160,000Anthony G Cavanagh & Co P/L (FBAA)VICGolden Grove Stud, Denman, NSW
301Shamus Award (AUS)El Milagro (AUS)FSold0150,000Macdonald Gluyas RacingSAWillow Grove Stud, Woodside, SA
199Reward for Effort (AUS)Wings of Alice (AUS)CSold0150,000Ryan BalfourSAWillow Grove Stud, Woodside, SA

Top vendors by average (3 or more sold)

Grenville Stud, Whitemore, Tas300100163,333490,000190,000
Armidale Stud, Carrick, Tas300100133,333400,000180,000
Kulani Park, Merricks North, Vic30010083,000249,000125,000
Glastonbury Farms, Scone, NSW42266.6777,500310,000170,000
Goldin Farms, Angaston, SA101010072,300723,000200,000
Jorson Farm, South Burnett, Qld40010064,250257,00090,000
Rushton Park, Tatura, Vic70010061,571431,000250,000
Willow Grove Stud, Woodside, SA90281.8259,111532,000150,000
Rosemont Stud, Gnarwarre, Vic72187.557,929405,500130,000
Three Bridges Thoroughbreds, Eddington, Vic50183.3354,600273,00090,000

Top vendors by aggregate

Cornerstone Stud, Angaston, SA254778.1329,060726,50085,000
Goldin Farms, Angaston, SA101010072,300723,000200,000
Princess Park Thoroughbred Farm, Nagambie, Vic111191.6751,955571,50085,000
Willow Grove Stud, Woodside, SA90281.8259,111532,000150,000
Grenville Stud, Whitemore, Tas300100163,333490,000190,000
Rushton Park, Tatura, Vic70010061,571431,000250,000
Rosemont Stud, Gnarwarre, Vic72187.557,929405,500130,000
Armidale Stud, Carrick, Tas300100133,333400,000180,000
Glastonbury Farms, Scone, NSW42266.6777,500310,000170,000
Baramul Stud, Widden Valley, NSW1201544.4424,833298,00085,000

Top buyers

Yu Long Investments Pty Ltd4128,750515,000
Macdonald Gluyas Racing5100,000500,000
McEvoy Mitchell Racing 486,750347,000
Kennewell Racing and Group 1 Bloodstock551,600258,000
McEvoy Mitchell Racing and Suman Hedge Bstock1250,000250,000
Anthony G Cavanagh and Co 2122,500245,000
Ryan Balfour544,000220,000
Richard and Chantelle Jolly2106,000212,000
Gary Moore Racing Ltd1200,000200,000
Redgum Racing and CB Bloodstock1190,000190,000

Top sires by average (3 or more sold)

Exosphere (AUS)30330,000180,00050113,333340,000180,000
Shamus Award (AUS)4005,000160,00010088,250353,000160,000
Reward for Effort (AUS)30235,000150,0006081,667245,000150,000
Unencumbered (AUS)70148,00090,00087.570,000490,00090,000
Akeed Mofeed (GB)141011,000200,00010061,786865,000200,000
Headwater (AUS)30318,000125,0005061,667185,000125,000
No Nay Never (USA)31032,50065,00010054,167162,50065,000
Nicconi (AUS)91316,000135,0007552,000468,000135,000
Smart Missile (AUS)40017,000110,00010049,500198,000110,000
Super One (AUS)51021,00070,00010045,400227,00070,000

Top sires by aggregate

Akeed Mofeed (GB)141011,000200,00010061,786865,000200,000
Unencumbered (AUS)70148,00090,00087.570,000490,00090,000
Nicconi (AUS)91316,000135,0007552,000468,000135,000
Shamus Award (AUS)4005,000160,00010088,250353,000160,000
Exosphere (AUS)30330,000180,00050113,333340,000180,000
Magnus (AUS)90311,00070,0007534,222308,00070,000
Zebedee (GB)13235,00037,00081.2519,731256,50037,000
Free Eagle (IRE)8037,00065,00072.7331,750254,00065,000
Fighting Sun (AUS)81015,00090,00010031,625253,00090,000
Dundeel (NZ)100250,000250,000100250,000250,000250,000