History was made Jan. 7 when a filly from the first crop of Sepoy sold for $850,000 ($690,107 in U.S. funds) and topped the opening day of the Magic Millions Gold Coast yearling sale in Queensland, Australia.
The price is the highest ever achieved by a yearling on the Gold Coast by a first-season sire.
New Zealand based bloodstock agent Michael Wallace secured the filly for the China Horse Club from the draft of South Australia's Mill Park. The chestnut filly is the first foal of the stakes winning Starcraft mare Celebrity Girl.
"She's a filly with an exceptional pedigree," Wallace said. "She has great similarities between her sire and her mother. It was probably a little more than we expected to pay, but diamonds don't come cheap."
Mill Park consigned the filly on behalf of her Adelaide-based breeders Trevor and Beth Robertson.
The sales company reported 140 horses sold for an aggregate Aus$23,335,000 ($18,945,500), compared with the Aus$19,400,000 total for 137 head at the comparable session a year ago. The average of $166,679 ($135,325) represented a gain over the Aus$141,506 average in 2014. Median was unchanged at $130,000 ($105,546).
The day's top seller was one of six yearlings to sell for Sepoy at an average price of $367,500 ($298,370). A 7-year-old son of Elusive Quality who was Australia's champion sprinter, Sepoy stands at Darley's Kelvinside Stud in New South Wales
Bringing co-second-highest price of $600,000 ($487,134) were a More Than Ready —Chinchilla Rose colt sold to Gai Waterhouse and a Fastnet Rock—Delta Girl colt purchased by Chris Waller from the Coolmore Stud flight.
"He's a really sexy, loose type of horse; exactly the sort of horse that attracts my attention. I thought he was very special," Waterhouse said of the More Than Ready colt from the draft of Segenhoe Stud.
Magic Millions managing director Vin Cox said he was pleased with the opening session of the sale with most figures well up on the corresponding session 12 months earlier.
"It's been sensational," Cox said. "Effectively you can say the market is up 20%, which is outstanding. In saying that, there's horses here to be sold. Buyers should not be intimidated by the market as there's some really nice lots who were passed in who will turn out to be good horses."
The sale continues at the Bundall sales complex Jan. 8.