A filly by Fastnet Rock topped the second and final select session of the Magic Millions national weanling sale May 26 in Australia. Offered by Coolmore Stud, the filly was knocked down to VCB/Garry Cuddy for Aust$185,000 ($194,448 in U.S. funds).
Bidding kicked off at Aust$100,000 ($105,107) and the bay weanling immediately was announced as "on the market." Bids continued for the next couple of minutes from a number of parties.
"She's a good-sized filly from a former good sprinting mare and is by a stallion that can't do much wrong," Cuddy said. "She has a popular pedigree and has a lot of things going for her and our clients are very happy to have bought her.”
The filly is the second foal out of the Ne Coupez Pas mare Satin Robes, who captured the 2007 Kensington Stakes in Australia.
The results for the national weanling sale’s two select sessions combined included a gross of Aust$7,355,000 ($7,730,620) for the 281 weanlings that were sold. The average price was Aust$26,274 ($27,616) and the clearance rate was 70.1%. Compared to last year, the gross plunged 46.8% while the average fell 30.1%. The 2010 clearance rate was 86.2%.
"Today's session was slightly better than yesterday's corresponding first session," Magic Millions managing director Vin Cox said. "As was the case yesterday, most vendors met the market today in what has been a tough sale so far."
Cox added that the absence of a number of regular buyers due to the high Australian dollar was having an impact on prices across the board.
"The most significant impact on the sale has been the reduced participation from traditional supporters, mainly New Zealand buyers,” he said. "Buyers looking for quality have found it hard to buy the horses they have wanted."