A filly by a Japanese Horse of the Year and out of a Japanese Horse of the Year commanded a record-setting price of ¥360 million ($4,390,243 in U.S. funds) July 11 during the yearling portion of the Japan Racing Horse Association select sale on the Japanese island of Hokkaido. The previous mark for the auction's yearling portion was ¥250 million, established in 2007.
Global Equine Management purchased the daughter of 2005 and 2006 Horse of the Year Deep Impact and out of the Tony Bin mare Air Groove, who was Horse of the Year in 1997. Katsumi Yoshida’s Northern Farm consigned the filly, which is a half sister to Japanese champion Admire Groove (by Sunday Silence) and Japanese group II winners Forgettable (by Dance in the Dark) and Rulership (by King Kamehameha)
The results for the yearling portion of the auction included a record-setting gross of ¥4.726 billion ($57,634,146) for the 197 horses that were sold. The average price was ¥23,989,848 ($292,559) and the median price was ¥18.5 million ($225,609).
Compared to 2010, when 173 yearlings were sold, the gross rose 50%, the median increased 31.5%, and the median grew 23.3%.
The buy-back dropped from 19.2% last year to 15.5% this year.