Fusaichi Pegasus Colt Brings $220,000 in Australia

Generally the low key November monthly horses-in-work sale at the Magic Millions Gold Coast complex is just that – low key.

On Wednesday evening however, fire works went off as a spirited bidding duel erupted over an unraced, unnamed Fusaichi Pegasus --Very Droll colt. Previously purchased for $100,000 as a yearling in March, the now strapping 2-year-old looked menacing. He went for $220,000 to the bid of Queenslander Bill Murray.

As a specimen he looked the part. And if other buyers had known he was at the sale, there is little doubt his purchase price would have been even bigger.

He's from a mare named Very Droll, who has already produced the winner – raced as Ha Ha - of the world's richest 2-year-old race the Golden Slipper Stakes worth $3.5 million.

The bidding explosion was no joke though.

It was very serious and helped raise the average for this sale from its usual mark of $2,000 – showcasing how low key the sale generally is – to around $7,500.

Very Droll produced the champion filly of her year, Ha Ha, to win the Slipper back in 2002 after she was mated with Danehill. Ironically, Ha Ha will have her first foal offered for sale in January at the same Magic Millions premier yearling sale complex and that baby, now a yearling colt, is by Sadler's Wells. Many believe it will top the Gold Coast sale in January which traditionally has been one of the biggest in the Southern Hemisphere.

The Fusaichi Pegasus  colt was consigned by prominent Queensland based Thoroughbred training establishment Wadham Park, which purchased him through Dale Sutton in March.

At the day's end some 161 horses were sold at a gross of $1,205,550 and an average price of almost $7,500. Especially pleasing was the clearance rate which was over 80%.

A large contingent of clients from Korea were extremely active and they purchased a number of young prospects to be exported.

"The sale proved a great success," Magic Millions managing director David Chester said. "There was some great buying to be had and we are especially pleased with a clearance rate. That clearance rate is by far the best for a large catalogue for a number of months," Chester reported.

"A large contingent of our clients from Korea were among the most active buyers today and we are sure they will appreciate the value buying they experienced."