In this May-June season of Australasian Breeding Stock Sales “mares carrying colts are worth more than mares carrying fillies,” says Dr Kevin J Doyle where ‘broodmare investment is serious.’
“Yes, broodmare investment is not a hoppy, now a serious business and breeders depend on their high-risk investments when they want to sell their broodmare. And it is rewarding.”
As in everything surrounding the thoroughbred breeding world, where nowhere near anything goes to script, it’s two top-lots at the Inglis HTBA May Yearling Sale who are prime examples.
A colt originally purchased for $18,000 at last year’s on-line Great Southern Weanling Sale was sold to Bevan Smith Bloodstock and Singapore’s Kuldeep Singh Rajput for a $145,000 sale top-price.
The Russian Revolution – Lucinda’s Moon colt from Kingstar Farm, was formally purchased un-seen by Matthew Sandblom of Hollymount Stud, who on-sold 50% to Michelle and Kristy Marsh.
And at the Australian Broodmare Sale on 9 May, its Lucinda’s Moon who will sell in-foal to leading Sire of 2YO’s and First Season Sire Capitalist, in the Toolooganvale Farm draft.
In another HTBA May Yearling Sale breeding-sale story, Huntworth Stud topped Day 1 with their Capitalist colt selling for $140,000, and is heading for the Inglis Ready2Race Sale in October.
Offered in conjunction with Redbank North, Huntworth had purchased his dam Glistening Light for $45,000 at the 2019 Australian Broodmare Sale, in foal to Capitalist.
“Once a mare is Foetal Sex Tested,” continued Dr Doyle, “she can be accurately assessed as to her true worth. It allows the vendor to reap the benefits of not selling the mare below market value.”
At April’s Australian Easter Yearling Sale the 356 lots sold totalled $132.16m at an average of $371,236 and a median of $280,000, with a gross difference of $24.15m or 45% between colts and fillies.
The 206 colts totalled $78.15m with an average of $379,393 and a 5% difference in average of $270,000. The 150 fillies sold for $54m at an average of $360033, and a -8% median deficit.
The 36 highest priced yearlings selling in the top 100-91% echelon, totalled $40.56m at an average of $1.12m, giving a 57% gross difference of $8.89m, with the median being $1.05m.
The top 100-91% of colts sold for $24.6m at an average of $1.17m for a 11% difference in average of $124,095. The top fillies grossed $15.71m at an average of $1.04m and median of $1.05m.
At the Magic Millions Gold Coast Yearling Sale, the 1013 yearlings sold for $211.38m at an average of $208,665 with a gross difference of $38.48m or 45% between colts and fillies.
The 565 colts sold for $124.93m an average of $221,118, a 13% or $5,389 difference in average. The 448 fillies sold for $86.44m at an average of $192,966 and median of $140,000.
In the top 100-91%, the 57 colts grossed $71.33m at an average of $699,558 and a gross difference of $16.77m. The top 45 fillies made $27.13m at an average of $602,889 and median of $550,000.
At the 2020 Magic Millions National Broodmare Sale a total of 453 mares were offer for sale, of which 248 were pregnant mares, with 116 mares carrying colts and 132 mares carrying fillies.
The mares carrying colts grossed $2.2m or 16% more than the mares carrying fillies, and the mares carrying colts averaged $33,500 or 24% more than those mares carrying fillies.
In highlighting that mares carrying colts brought a median of $15,000 or 20% more than those carrying fillies, it’s financially significant that Foetal Sexing tells the foetal sex before broodmare sales.
A total of 595 mares were offer at the MM National Broodmare Sale in 2016, of which 380 were pregnant mares, with 182 mares carrying colts and 198 mares carrying fillies.
The top 30% mares carrying fillies sold between $2,500 and $260,000 more than mares carrying colts, and the lower 70% mares sold between $2,500 and $12,500 more than those carrying colts.
