Mixed Results at MM Select Yearling Session

A filly by Fastnet Rock out of a Galileo mare sold for the top price of Aus$300,000 ($278,011 in United States funds) June 4 during the first of two select sessions of the Magic Millions National yearling sale. 

Average price was up 5% at the opening session, with the 132 horses selling for total receipts of Aus$4,991,000 ($4,625,342), an average of Aus$37,811 ($35,040). Total revenue was off 24%, compared with the same session last year. 

The clearance rate was 65%, compared with 74% at the corresponding session in 2014.

"The high pass-in rate is a reflection of being an end-of-season yearling sale," Magic Millions managing director Vin Cox said.

The session-topping filly, offered by Coolmore Stud, agent, is the first foal out of the unraced Galileo mare Dragon's Tail and was purchased by Te Akau's David Ellis and Jamie Richards. Rise and Fall, the second dam of Dragon's Tail, produced 1999 Juddmonte Lockinge Stakes (Eng-I) winner Fly to the Stars and stakes winner Fallen Star, who is the dam of 2012 Coronation Stakes (Eng-I) winner Fallen For You.

New Zealand horseman Graeme Rogerson went to the day's second-highest price of $250,000 for Baramul Stud's Redoute's Choice colt out of the Red Ransom mare Kylikwong, a full sister to Australian Horse of the Year Typhoon Tracy. Kylikwong was runner-up in the 2004 Crown Oaks (Aus-I) and placed second or third in five other group stakes. 

The colt is a full brother to stakes winner Cantonese and group-placed Chateau Margaux.

Rogerson also snapped up the day's co-third-highest price yearling, a colt by I Am Invincible out of the winning Redoute's Choice mare Love in Spring, for $180,000 ($166,818). The youngster was offered by Yarraman Park.
 
Leading Queensland-based bloodstock agent John Foote bought the other yearling to sell for $180,000, a Northern Meteor colt out of the winning Red Ransom mare Kiss 'n Chase from Oakwood Farm. 
 
The National yearling sales continues with the second select session June 5 on the Gold Coast.

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