Financially beleaguered coal mining baron Nathan Tinkler has agreed to sell Patinack Farm, his vast Australian racing and breeding operation, to an unnamed group of Middle Eastern buyers, according to published reports.
A filly by Darley sire Manduro and from the family of undefeated European champion Frankel sold for the highest price of Aust$500,000 ($482,259) at the opening session of the Magic Millions National yearling sale June 4.
Sheikh Mohammed's Kildangan Stud in Ireland has started legal action in Australia against billionaire coal tycoon and Thoroughbred owner Nathan Tinkler, whose empire looks to be collapsing.
The gross and average price each rose 45.6% from the previous year during the opening session of the Magic Millions national weanling sale in Australia May 28. The clearance rate increased to 76% from 66% in 2011.
Allez Wonder became the most expensive horse sold so far at William Inglis & Son Easter broodmare sale in Australia when she brought Aust$1 million ($1,046,790 in U.S. funds) April 13.
The select portion of the sale, which ended its two-day run June 7, generated a gross that was up 88.9% from a year ago and an average price that increased 62.7%.
The gross soars 59.6% while the average grows 17.9% and the median increases 19%.
Bel Mer sells for Aust$1,050,000 ($980,053 in U.S. funds), and Sun Classique brings Aust$2 million ($1,866,770) privately.
Gross revenue and median price rise 3.2% and 4.8%, respectively, from a year ago. Buy-back rate falls to 14.4% from 21.1% in 2009.
The group I-winning mare La Montagna topped the second session of the William Inglis & Son Easter broodmare sale, bringing Aust$475,000 (approximately $345,914 in U.S. funds) during the auction's second session April 15 in Australia.
The sale of group I winner Devil Moon and group II winner Belong To Many, along with a solid clearance rate, highlighted the opening session of the 2009 William Inglis & Son Australian Easter broodmare sale at Newmarket in Australia April 14.
Eight horses sold for Aust$100,000 (approximately $67,512 in U.S. funds) or more Feb. 9 during the second session of William Inglis & Son's Sydney Classic yearling sale in Australia. Through the first two sessions, the gross revenue is Aust$7,153,500 ($4,829,471) for the 250 horses sold. The average price, Aust$28,614 ($19,318), is down only 10% from a year ago. The median price is Aust$20,000 ($13,502).
William Inglis & Son's Sydney classic yearling sale opened Feb. 8 in Australia with a session in which 83 horses sold for Aust$2,104,500 (approximately $1,421,022 in U.S. funds). The average price was Aust$25,355 ($17,121), and the median price was Aust$20,000 ($13,505). The clearance rate was 78%.
Earlier this year the silks of Denise Martin, a well known, much loved and highly successful buyer and syndicator of racehorses, were made famous with the two group 1 wins by champion 2-year-old Sebring.
In spite of the pouring rain that just would not stop, business on the brand new "Day 4" of the William Inglis & Son Easter yearling sale in Australia was better than most expected, with an average price of Aust$83,134 and a gross of Aust$9,643,000 for the 116 horses sold.
Two colts by Redoute's Choice each bring Aust$2.2 million at Magic Millions sale.
Patinack Farm bought 19 yearlings during the Magic Millions sale's third session.
Redoute's Choice colt sells for Aust$1 million during second session.
The Aus$1million Australian Cup (Aus-I) at Flemington on 8 March marked the end of a magnificent career and the emergence of a new staying superstar.
The Inglis Premier Sale, conducted annually in Melbourne at the Oaklands Junction complex, began March 2 where Karaka in New Zealand left off last month -- with a bang.
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