Mutin, who is undefeated in two races, brought the top price of €700,000 ($912,548 in U.S. funds) during Arqana's Arc sale at Saint-Cloud in France Oct. 6. De Burgh Equine Ltd. purchased the 2-year bay colt from trainer Christiane Head-Maarek.
By Kentucky Dynamite, Mutin is the second reported foal out of the Anabaa mare Mytographie, who won the 2005 Prix Saraca in France.
The results of the auction included a gross of €4,103,000 ($5,348,830) for the 26 horses that were sold. The average price was €157,808 ($205,725) and the median price was €110,000 ($143,400). Compared to last year, when 29 horses were sold, the gross declined 35.4% while the average fell 27.9%. The median price dropped 21.4%. The clearance rate fell to 60.5% from 61.7% in 2011.
In addition, Arqana reported that three horses were sold privately for €332,500 ($433,460).
The auction was held on the eve of the Qatar Prix de l'Arc de Triomphe (Fr-I).
"The international impact of the Arc weekend allows this sale to successfully meet its objectives from year to year, with a dynamic particularly geared towards export," said Arqana chairman Eric Hoyeau. "As demonstrated by Mutin, 2-year-olds were particularly popular and proved the most attractive to buyers. We would like to thank buyers from Hong Kong, Australia, the United States, and also from Dubai and Qatar. We particularly wish them every success with the horses bought tonight at this sale."