Day 2 Inglis Melbourne Premier – Chinese investment benefits Victoria

Investors from China and New Zealand outlaid $340,000 for colts by Snitzel and Teofilo to top Monday’s second-session of the Inglis Melbourne Premier Sale.

The smart Snitzel colt out of Miss Iguacu (Lot 205) sold for $340,000 from the draft of Glentree Thoroughbreds.  The dam is a sister to Group 2 winning stallion Niagara from the family of Redoute’s Choice.

“We’re delighted to get a result like that, and with the purchaser China Horse Club, and we are confident he will get every chance with them,” said Glentree Manager Luke Simpson.  “We’re proud Victorian breeders, and the colt was bred, foaled, raised at our farm in Modewarre.

“The colt was the first foal of the mare and we have a lovely full-sister to come, and Miss Iguacu is definitely an important part of our broodmare band,” Simpson said.

Agent Michael Wallace signed for the colt on behalf of China Horse Club which has outlaid a total of $790,000 on three lots in the first two days of selling.  “The horses are purchased to stay in Australia and encourage Chinese interest in Australian racing,” Wallace said.  “Most of them will be trained by Snowden Racing.”

Chinese investors have spent over $2.45 million at the Melbourne Premier and the Victorian industry has benefited from interest from the likes of YuLong Investment and RIFA Mustang Pty Ltd.

Later in the day, New Zealand based Lance O’Sullivan bought the Teofilo – Serious Rock colt (Lot 339) who will eventually be trained by O’Sullivan’s brother Paul in Hong Kong.  His dam is an unraced Fastnet Rock mare and her session-topper was offered by Three Bridges Thoroughbreds.

“He is an incredibly athletic and good-looking colt,” O’Sullivan said.  “There’s no doubt he is the perfect type of horse to race in Hong Kong and that’s the long-term goal for him.”

Spirited bidding was the catalyst for across the board increases at the end of Day 2.  The average was up 17% to $115,625 with 87% of lots cleared at a median of $90,000.