Barbara Banke's Stonestreet Stables and Coolmore Stud teamed May 25 to secure a Fastnet Rock colt for a session-topping $600,000 ($553,710 in United States funds) on the first day of the Magic Millions National weanling sale on the Gold Coast.
The bay colt, from the family of group I winner and elite sire Redoute's Choice, was offered as part of the Teeley Reduction without a reserve price and drew an opening bid of $300,000 ($276,855). Ultimately, Stonestreet's' bloodstock adviser John Moynihan and Tom Magnier of Coolmore landed the winning bid.
"Coolmore will own half of him and we're going to race him with them," Moynihan said. The colt, out of the unraced Hussonet mare Your Life Style, is a half sister to Australian group winner Precious Lorraine and three other stakes horses. Second dam Monsoon Wedding is a full sister to Redoute's Choice and group I winner Platinum Scissors, a three-quarter sister to group I winner Al Maher, and a half sister to group I winner Manhattan Rain.
"He's a beautiful horse," said Moynihan of the youngster. "We loved him physically, he has a great pedigree, and if he runs he's a major stallion prospect."
In addition to the session-topping Fastnet Rock colt, the Teeley consignment also provided the day's second- and third-highest priced weanlings, both daughters of Stratum.
A filly out group winner Precious Lorraine, by Encosta de Lago, was sold to Arrowfield Stud for $425,000 ($392,211), and a filly from stakes-placed Quench The Thirst, by Encosta de Lago, was knocked down to New Zealand's Jamieson Park for $400,000 ($369,140).
Magic Millions cataloged 59 more weanlings than last year's corresponding select session. The sales company reported 190 horses sold for $8,276,000 ($7,637,506), up 73% from last year when 138 were sold.
The average price was $43,561 ($40,200), a 25.7% increase. The clearance rate was 83%, the same as last year.
Day 2 of the Magic Millions National weanling sale is set for May 26.