Perth Yearling Sale Average Up in Australia

An Oratorio colt tops the second session, bringing Aust$180,000.

Leading Perth horseman David Harrison nabbed what he called his "my pick of the sale" Feb. 10 during the second session of the Magic Millions Perth yearling auction in Australia. Harrison went to Aust$180,000 ($139,000 in U.S. funds) to secure an Oratorio colt from Toreby Park, agent for clients of the Mungrup Stud.

"He's a nice, big, and strong Oratorio colt," Harrison said. "He's a lot like (stable star) Waratah's Secret. He was my pick of the sale and I'm delighted to have been able to buy him."

Oratorio (by Stravinsky) is based at Mungrup Stud.

Produced from the unraced Vain Rancher mare Racherpara, the brown yearling is a half brother to Metallic Storm (by Metal Storm), who captured the R.S. Crawford Stakes in 2006 and 2007 and the Placid Ark Stakes in 2005 in Australia.

The colt topped the second session and became the second-most-expensive lot sold so far during the auction, trailing only the Street Sense--Jezabeel filly purchased by Justin Bahen for Aust$200,000 Feb. 9.

The combined results for the first two days of the sale included a gross of Aust$7,942,000 ($6,132,650) for the 178 yearlings that were sold. The average price was Aust$44,618 ($34,450) and the clearance rate was 67.7%. The average was up from 2010 but the number sold and gross were down.

Last year, at the same point, 201 horses had been sold for a gross of Aust$8,351,000 and an average of Aust$41,547. The clearance rate was 78.2%.

According to Magic Millions acting managing director David Chester, the quality individuals in the session attracted good interest.

"There was some strong competition on a number of lots and that is nice to see; hopefully there is more of that to come," Chester said. "Obviously it would be nice to see the clearance rate higher."