Q&A: Inglis’s Sebastian Hutch

Within the backdrop of a global pandemic, the Inglis Australian Easter Yearling Sale Round 1 was staged as a virtual sale in early April. At the time, Inglis made a decision to also offer vendors the chance to sell their yearlings at a live sale in July. TDN’s Gary King caught up with Inglis’s Sebastian Hutch to find out more about Easter Round 2.

TDN: Easter Round 1, highlighted by a AU$1.8-million Snitzel (Aus) colt, was deemed a major success especially considering the circumstances. You must have been pleased with how it went?

Sebastian Hutch: I think it’s fair to say that the version of the sale which was held across the traditional date in April exceeded the expectations of the very vast majority of participants. It was uncharted territory for a major international yearling sale to be held in a virtual format, so there was an element of trepidation in advance of the sale as I’m sure people can appreciate.

However we had outstanding support from vendors, buyers and other industry stakeholders, while our own internal structures, particularly in the case of IT, performed very efficiently. Inevitably we learnt plenty as a collective from the experience and it has helped us find ways of further improving the services that we offer through our auction processes.

TDN: And now Easter Round 2 is set to take the form of a traditional live auction on Sunday, July 5th. What are your expectations?

SH: Easter Round 2 is a concept that was formulated during the period of great uncertainty in late-March, early-April. It was recognized, that despite best endeavors, some vendors just were not going to be in a position to achieve appropriate results through the virtual sale, primarily due to their respective locations. With that in mind, it was agreed to offer an alternative sale that would be scheduled for a time when we were hopeful that a live auction would be possible.

A few days out from the sale, having encountered a number of challenges, we have yearlings on the complex and inspections underway from Wednesday. To that end, it is a relief to have made it to where we are. Understandably given the circumstances, expectations are guarded. Interest in the sale from investors has been encouraging, but we have some restrictions in terms of those who can participate owing to racing authority and state government guidelines which is far from ideal.

However, the stock is of good quality and the consistent success of Easter graduates over the years sets a strong precedent for the likelihood of top-class racehorses emerging from this session of the sale.

TDN: What COVID-19 related precautions have you in place for people attending the sale?

SH: We have a COVID-19 Safety Plan in place which takes into account the prescribed guidelines from the relevant authorities and has been approved by them. We require all attendees at the complex, be they vendors, buyers or staff to register their attendance in advance of the sale through a portal available on our website. We will be implementing social distancing measures and promoting good hygiene as a matter of priority. We are conscious of creating an environment that is safe for our patrons, who we know are excited at the prospect of being able to attend and participate in a series of live sales again.

TDN: As expected for an Easter Sale, there looks to be a strong group of horses on paper. Could you highlight a few that would especially appeal to an international audience.

SH: We are very pleased with how the catalog has come together. It is made-up primarily of horses that were not offered at the sale in April, horses that are effectively new to our buying bench. A huge part of the appeal of the Australian market is that if buyers, domestically or internationally, want access to the progeny of I Am Invincible (Aus) or Snitzel (Aus), two of the best stallions in the world, they have to shop in Australasia.

We are fortunate to have quality offerings by each in the sale, in particular through the Yulong draft. The I Am Invincible/Gypsy Diamond colt, lot 85, is a star, as is the Snitzel/Gypsy Tucker filly, lot 86. The Yulong draft is the highlight of the sale. Yulong is a hugely progressive breeding operation that has made massive investment in quality stock in recent years and this is reflected in the strength of their draft.

In terms of other stallions, it is fantastic to have Frankel (GB) and American Pharoah well represented in the sale. Over 30% of Frankel’s Australasian-bred progeny are black-type horses while American Pharoah, as expected, looks to be making a big impression with his first 3-year-olds in the Northern Hemisphere.

The timing of the sale is also potentially advantageous to some of the younger stallions, a prime example being Vancouver (Aus) who has enjoyed a purple patch with his first 2-year-olds since May, with five individual winners and a stakes winner, pegging him as a really exciting prospect going forward.

From a pedigree point of view, among the most interesting are the Capitalist/Savannah’s Choice filly, lot 39, who is out of a half-sister to the dam of 3 champions in Japan including Saturnalia (Jpn), as well as the I Am Invincible/Miss Atom Bomb colt, lot 95, who is out of a half-sister to the great Winx (Aus).

TDN: What’s the best way for international participants unable to travel to get involved? Will there be an option for online bidding?

SH: As is the case for all of our auctions, we will have our online bidding service available. Interested parties just need to visit https://inglis.com.au/sales/onlinebidding/ and follow the simple process to register.

Additionally, we will have the sale streamed live through our website. The sale will be worked by many of Australia’s leading agents and trainers, while the Inglis Bloodstock Team is always available to assist. I encourage anyone who is considering getting involved in the sale to contact a member of our team and every effort will be made to facilitate any requirements.

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2020 Triple Crown Trail: Co-Owner of Dean Martini Chats Ohio Derby, Rolling the Dice

Tom Pedulla is interviewing prominent owners, trainers, and jockeys for America’s Best Racing as they travel the road to the $3 million Kentucky Derby presented by Woodford Reserve and Preakness Stakes. The Derby has been rescheduled for Saturday, Sept. 5, due to the COVID-19 pandemic, and the Preakness will be held on Oct. 5.

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Mission Accomplished As Goffs UK Praised For Initiative

DONCASTER, UK–There is little doubt that the decision to hold the Goffs UK and Arqana Breeze-up Sales in the same place on the same day has reaped dividends for vendors and the sales companies alike. In times of trouble, anything that can make life a little easier for those longing for some return to normal business practices has to be applauded.

As emphasised by bloodstock agent Richard Brown after he signed for an American Pharoah colt at ÂŁ175,000, the international resale market remains reassuringly recession-proof, which in turn has emboldened some owners and syndicates to stay in the game.

“The market seems to be absolutely bouncing,” said Brown at roughly the halfway stage for the Goffs UK sale, which was the first of the day. “I think it’s worth saying that, in this industry we are all competitors but when things go wrong, such as COVID or in someone’s personal life, it’s extraordinary how people rally round. Goffs and Arqana have worked so hard to get this sale on and they have done an amazing job. It’s phenomenal how people pull together in difficult times.”

As with any sale, there will be tales of woe alongside the profitable pinhooks, and closer reflection on the middle and lower-market tiers will be required when the dust settles on this belated breeze-up season but it must be said that the level of trade at the ‘Donny breeze’–the original sale in this sector in Europe–was surprisingly strong, with some decent prices paid by buyers from America, Qatar, Thailand, Scandinavia and closer to home.

A reduced catalogue through an understandably high number of withdrawals led to 99 horses being offered in the ring, 83 of which sold to bring a clearance rate of 84% and turnover of ÂŁ3,869,900. The average improved on record trade last year by 2% to ÂŁ46,625 and the median was up by 15% at ÂŁ30,000.

Destination California

Off to California will be the sole Kingman (GB) 2-year-old of the sale (lot 31), who will carry the colours of Calvin Nguyen when he begins racing from the stable of Richard Baltas. After signing the ticket for the top lot of the sale at ÂŁ290,000, Jamie Lloyd, the British-based partner in Meah Lloyd Bloodstock, said, “He’s been bought with my partner David Meah for one of our clients in America, Calvin Nguyen. The sire is well known to them over there and he’s a half-brother to two highly-rated 2-year-olds.”

Those half-siblings are the dual winner and Group 3-placed Marsh Hawk (GB) (Invincible Spirit {Ire}) and the G2 Queen Mary third Hairy Rocket (GB) (Pivotal {GB}), who is also the winner of two races. Bred by the Keswick family’s Rockcliffe Stud, the colt is out of the listed-placed Asaawir (GB) (Royal Applause {GB}) and was bought as a yearling for ÂŁ120,000 in the same ring by Jim McCartan, who consigned him for the breeze through his Gaybrook Lodge Stud.

Nicolas de Watrigant was one of a decent number of agents and trainers who had travelled from France for the sales and he made his presence felt when signing for lot 97, a colt by Dandy Man (Ire) out of Light Glass (Ire) (Lope De Vega {Ire}), at ÂŁ200,000 on behalf of Al Shaqab Racing. Bred by Drumlin Bloodstock and sold to Glenvale Stud for 80,000gns as a foal, he was retained as a yearling at 75,000gns and reoffered here through Willie Browne’s Mocklershill.

“He breezed well and he’s a scopey colt, more typical of Lope De Vega than Dandy Man,” said Browne. “The market certainly seems to be good for the right horse.”

The colt, whose fourth dam is the Irish Oaks winner and influential matriarch Helen Street (GB) is from a family in which Shamardal looms large, both as a grandson of Helen Street and the sire of the dam’s three-parts sister, the listed winner Shamtee (Ire).

The Triple Crown winner American Pharoah is a sire with transatlantic popularity and so it proved for lot 69, a colt out of treble listed winner Gitchee Goomie (City Zip), who sold from the Star Bloodstock draft for ÂŁ175,000.

“He’s going to David Simcock,” said agent Richard Brown after signing the ticket. “The stallion is exceptional. This colt is not over-big but he has quite a bit of growing to do and we will give him a little bit of time. He’s been bought for our resale syndicate, Never Say Die, and this is far more than we’ve ever given for a horse so some of the share-holders might be having a heart attack. There are 10 shares and Star Bloodstock are staying in for a share, that’s how much they believe in him.”

Never Say Die’s biggest result on the racecourse to date came through former breezer Teppal (Ire) (Camacho {GB}), winner of the Poule d’Essai des Pouliches in 2018 and Brown said the syndicate wanted to reinvest despite the wider difficulties in the world at present. He continued, “We thought long and hard but the resale market seems to be completely unaffected by what’s going on in the world. Obviously it’s a big risk but he’s by a properly international stallion and is he’s good enough he will appeal to Hong Kong or America.”

Alastair Donald struck early in the day for a colt by first-season sire Mehmas (Ire) (lot 28), who will join Andrew Balding’s team for King Power Racing after being bought for ÂŁ165,000.

“His breeze was the second-fastest breeze and he did it very easily,” said Donald. “He’s just a very well-made and well-balanced individual from a speedy family and the stallion has had a solid start.”

The sale was a good result for former National Hunt jockey Andrew Lynch, who consigned the colt under his County Meath-based Kilbrew Stables.

He said, “We’re delighted with that. He’s a gorgeous horse. I met the man who was selling him [as a yearling] just as he was coming out of the sales ring and I bought him privately. My wife Fiona and I do them together and we only have a handful of horses.”

Reflecting on a frenetic day of trade for both sales companies in action on Wednesday, Goffs UK Managing Director Tim Kent said: “We couldn’t have predicted that. It’s been a very long journey to enable us to hold this sale and there have been many twists and turns along the way but we are absolutely delighted with what has been achieved today. To deliver those results is way beyond what we could have imagined, and the timing could not be better with the yearling sales not far away.”

He continued, “It has been a huge team effort to get to this stage and it has been a real joy working with Arqana to hold this event. The original [Doncaster] and the best [Arqana] have come together to outperform any similar sales in Europe this year but none of this could have been done without the huge support of the BHA, Doncaster Racecourse and Doncaster Metropolitan Borough Council. All three of these organisations have been extremely proactive during the planning of this sale and a special mention must go to Roderick Duncan and his team at the racecourse who have prepared some of the best ground ever offered. We must also mention the local hotels who have opened especially for our clients and we could not have held the sale without them.

“However, the real credit for today’s achievements lie with the vendors. They have been extremely supportive during the planning of today’s sale and have kept these horses in top form for an extra two months before today. Many have resisted the temptation to sell privately and have instead shown huge faith in what we’re doing, only to be well rewarded as a result. We are nothing without our vendors and this has never been more evident than in the last three months, meaning that we are indebted to them for their loyalty.

“So it’s fair to say that this has been worth the wait and we look forward to today’s graduates racing very soon, where we will be in the strange position of cheering home those sold by Goffs and Arqana–something else that I would not have predicted.”

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