NEWS
Patinack Farm continues buying spree at Magic Millions
Posted: Wednesday, March 26, 2008 9:46 PM
Patinack Farm purchased an Exceed and Excel colt for $671,000 ($730,000 Australian) to top the third day of the Conrad Jupiters Magic Millions yearling sale in Queensland, Australia, on Wednesday.
Brisbane businessman Nathan Tinkler’s Patinack Farm purchased 19 horses on Wednesday. With five sessions remaining, Patinack already has purchased 48 horses for a sale record $12,047,000 ($13.1-million).
Patinack Farm's Managing Director Roger Langley said he was delighted to sign tickets for a number of the session's most admired youngsters.
“We're assembling a wonderful lineup of yearlings,” Langley said. “We think we've done some great value buying over the last three days.”
The session topper was consigned by Willow Park Stud, as agent. The colt is the first foal out of Group 2-placed winner Acupuncture, by Pins.
“He was a lovely colt and his dam is a half sister to Anna Bek, a filly we recently acquired from New Zealand and a fourth-place getter in a recent stakes race at Flemington,” Langley said.
For three sessions, Magic Millions has reported 490 horses sold for a total of $68,809,000 ($74,825,000 Australian) and average of $140,426 ($152,704 Australian). Buy-back rate has been 17.1%.
Magic Millions Managing Director David Chester said he was pleased with the third session.
“The quality yearlings were the subject of immense interest and sold accordingly,” Chester said. “We had a very strong local, interstate, and international buying bench on hand, and there was strong competition on a good majority of the offering.”
The sale continues Thursday, followed by two off days then resuming on Sunday.
