Inglis Easter Discussion 21/22/23/24/25

Second Chance wrote:

Resolute Racing, the bloke from the USA who says he has bottomless pockets regarding the Winx yearling, has already bought two for $650k and $240k respectively.

https://www.keeneland.com/media/news/john-stewarts-resolute-racing-and-middleground-capital-sponsor-keeneland-stakes-during

After purchasing 5 youngsters for $2.68m incl GST Resolute Racing USA pays $3m for Lot 443, the filly by IAI from the Gp1 winning Written Tycoon mare Booker.

That's $6m thus far.

Second Chance wrote:

After purchasing 5 youngsters for $2.68m incl GST Resolute Racing USA pays $3m for Lot 443, the filly by IAI from the Gp1 winning Written Tycoon mare Booker. That's $6m thus far.

An another couple adding all up to a $7.5m outlay.

Maybe I was too cynical.

Was thinking DK was run up deluxe.

Second Chance wrote:

Lot 193 by Justify sells for just $80k, rather cheap if its page is any guide. Then I see he's listed as being 16.5 hands tall. Does that mean this young fellow is actually about 17 hands high??l

That's massive for a yearling I would think , interesting to see open its knees are , could end up a draft horse .

Will be a good sale I think some nice types. But nothing to compare to the Winx foal last year.

Yes I've had to knock out quite a few because they have gone over $1,000,000. But the types are very nice this year. Some lesser pedigrees really selling well when the resulting yearling is spectacular. That grey Extreme Choice will be almost white before it races. Wont miss him in the run that's for sure.

Whats the take on the $3m Home Affairs colt? A Coolmore owned mare by a Coolmore owned sire... nice way to put a good marketing spin on your own sire? Will be interesting to see the eventual owners of this one with Gai.

Singleton is one by the looks of things. It certainly wasn't hard watching. So many lovely types. It will be interesting to see if the performance matches there good looks. Lots looked very sensible also. Only a few played up in the ring. And not many crawlers (timid ones) that I could see.

They bid up big on some of those Snitzels the Coolmore boys.

And another ploy by vendors, in this case a specific broodmare's yearlings however no names no pack drill just in case.

Two years in a row the vendors offered a yearling out of the same mare: all good, and good luck to them looking for a decent Return on Investment. However both yearlings were buy-backs by the vendors, presumably because they didn't meet their reserves.

However why would they buy-back rather than simply passing in both lots? Ok there's possibly a penalty for passing in, but not as much as the GST payable on the buy-back.

Well the answer appears pretty clear, and it all relates to the sale price rather than the level of genuine interest: they run the price up to just below the (very probably excessive) reserve, no-one else has been in the bidding for a while and therefore doesn't else meet it, and they then instruct the auctioneer to accept their (disguised) bid.

And then offer shares in the yearlings at a pro-rata proportion of the sold price plus costs incurred and profit margin. And given the broodmare was ultra successful in two states they'll certainly dispose of the shares quick smart.

Hope the new owners get a discount on the gelding op PL!

SC, and then you get the ones Mishani Bloodstock do at sales like the MM Capricornia. They breed the yearling, and then buy them 'back', well not really, at the sale. They were never for sale in the first place, it's just to get them in to the MM series. And then b4 each Magic Millions, MM themselves promote these sales as being cheapies who have been picked up for nothing and running in the MM. They were bought by the breeder, they weren't sold at all..