Yoshida Hails ‘Amazing Market’ As JRHA Records Tumble

It doesn't seem to matter where you are in the world: bloodstock sales are booming. That was certainly the case for the opening day and sole session of yearlings at the JRHA Select Sale, which reached new highs after last year's record-breaking trade.

At Y12,870,000,000 (£78.7m/€93m), the aggregate for the session improved by 10.6% from 2021 with a staggeringly high clearance rate of 95.3%, which was yet another record. Only 11 of the 233 yearlings offered returned unsold to their vendors, with the average price driven up 12.6% to an all-time high of Y57,972,973 (£355,000/€419,000).

“This is an amazing market. As it was a record-breaking market last year and I thought it would be difficult to beat it this year, this is a pleasant surprise,” said Katsumi Yoshida of Northern Farm, the largest consignor at the sale, who was responsible for the top eight lots in the sale.

“I am very impressed with the depth of buyers, which include a lot of newcomers. And the most important aspect of today's market is very high clearance rate.

“While this year's catalogue does not include any yearlings by Deep Impact, several stallions, such as Duramente, Epiphaneia, and some others, played the role of his replacement. I am very happy with the depth of young stallions in Japan now.”

Taking top honours on day one was lot 76, Northern Farm's colt by Maurice (Jpn) out of the treble Australian Classic winner Mosheen (Aus) (Fastnet Rock {Aus}),  who was bought by Masahiro Noda of Danox Co Ltd for ¥450 million (£2.7m/€3.25m).

“The foals out of Mosheen have been getting better and better, crop by crop, and this yearling, who is the eighth foal out of Mosheen, is a fantastic individual,” said Yoshida. “Therefore, I set the highest reserve price [for him] in our consignment. Many owners and trainers who visited and saw him at Northern Farm were enchanted by him and I expected he would be expensive. But the price, 450 million yen, is much more than I expected.”

Noda was one of the leading buyers of the session and among six yearlings bought was another colt by Maurice, this one out of the 1,000 Guineas winner Homecoming Queen (Ire) (Holy Roman Emperor {Ire}), who was sold for ¥220 million (£1.3m/€1.6m).

The Japanese Guineas and Derby winner Duramente (Jpn), who died last year from colitis after becoming the country's leading first-crop sire of 2020, was responsible for the day's second-most expensive yearling (lot 96). The colt is the first foal of Jaywalk (Cross Traffic), a former champion 2-year-old filly in the U.S. and Breeders' Cup winner. He was knocked down at ¥300 million (£1.8m/€2.2m) to Two One Racing. 

At the head of the fillies' division was another from Northern Farm, the daughter of Daiwa Major (Jpn) and GI Breeders' Cup Juvenile Fillies Turf runner-up Coasted (Tizway), who was offered as lot 58 and brought a top bid of ¥210 million (£1.3m/€1.5m) from Fujita Susumu.

Frankel (GB) has already been represented by three Grade I winners in Japan and his sole yearling in the catalogue (lot 23) was out of the Irish 1,000 Guineas winner Jet Setting (Ire) (Fast Company {Ire}). The mare was previously one of the stars of the Goffs London Sale when selling for £1.3 million to China Horse Club in 2016, and her colt fetched a bid of ¥155 million (£948,000/€1.1m) from American Turf.

The sales action continues in Hokkaido on Tuesday with the concluding foal session which includes a half-brother to Monday's session topper by Epiphaneia (lot 367).

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Breeze-up Evolution Continues With Classy Arqana Offering

DONCASTER, UK–On paper, there has been clear evidence over a number of years that the breeze-up sector has collectively raised its game when it comes to the quality of product on offer. Many of the 2-year-olds who will pass through the ring in Doncaster on Friday for the relocated and slightly delayed Arqana Breeze-Up Sale would not have looked out of place in an elite yearling sale. The advantage for potential buyers now is that they don't just have the chance to watch the horses walk up and down, but can also peruse them at pace, whether they were present for Wednesday's breeze session, or watching online across the Atlantic.

Plenty of horses in the catalogue have hailed from across the sea, including two sons of American Pharoah plucked from Keeneland's September Sale. The first to be offered, lot 19, is a colt from the family of multiple top-flight winner Falbrav (Ire) (Fairy King) out of the winning War Front mare Heavenly Thought, who is consigned by Willie Browne's Mocklershill team. Later in the session, Grove Stud–regularly the leading consignor at this event–offers another colt (lot 76) by the Triple Crown winner, the second foal of the GIII Santa Barbara H winner Queen Of The Sand (Ire) (Footstepsinthesand {GB}).

The sole Galileo (Ire) catalogued has been withdrawn, but Oak Tree Farm has the only Dubawi (Ire) juvenile in the sale, a colt from Kirsten Rausing's top-drawer family which has already enjoyed plenty of stakes success around the world in 2021.

Lot 130 is a son of treble listed winner All At Sea (GB) (Sea The Stars {Ire}), the 2-year-old's half-sister A La Voile (GB) (Invincible Spirit {Ire}) has embellished the immediate family further since the catalogue was printed, picking up some black type with her third-place finish in the listed Rothesay S. last week.

Freddy Powell, one of a trio of Arqana representatives to have endured the 10-day isolation on arrival in England from France, admitted that expectations are high for the sale despite the ongoing complications presented by the pandemic. He said, “The catalogue is strong and of course nice horses are always a big help. Whatever is happening in the wider economy, if you have a nice horse you have a chance.”

He was also quick to praise the breeze-up consignors, not just for their willingness to adapt and relocate over the last year, but in the expertise they have provided in lifting this sector of the sales scene to heady new heights.

Powell continued, “They are wonderful horsemen. Getting a horse ready for the breeze-up is one thing, and they are very talented at doing that, but they are also very good yearling buyers as well. So they buy a nice horse to start with and then do a good job bringing them to the breeze-up before they go on to win good races. But firstly they buy a nice horse, because that's their living.”

An early highlight may be provided by one of the Gaybrook Lodge Stud draft (lot 16) in the Siyouni (Fr) half-brother to Godolphin's talented stayer Ispolini (Ire) (Dubawi {Ire}). The colt's dam Giant's Play (Giant's Causeway) was more than useful herself, winning the GII New York S., and she has already produced three black-type performers among her five winners. Her dam Playful Act (GB) (Sadler's Wells) is herself a daughter of the celebrated matriarch Magnificient Style (Silver Hawk), making her a three-parts-sister to the Group 1 winners Nathaniel (Ire) and Great Heavens (Ire), both of whom are by Galileo (Ire).

Another with a page with plenty of depth, class and stamina is Church Farm & Horse Park Stud's son of New Bay (GB) (lot 136) out of a multiple-winning half-sister to Melbourne Cup winner Almandin (Ger) (Monsun {Ger}), while the second foal of the Irish 1000 Guineas winner Jet Setting (Ire) (Fast Company {Ire}), a colt by Dark Angel (Ire), is consigned by Star Bloodstock as lot 22.

“It has been an evolution over the last few years, the quality of the horses they are buying,” Powell said. “I think a lot of pinhookers have realised that buying a lot of horses more cheaply and trying to make money out of them is not a business model that works well in a polarised market. And now that means that there is a lot of interest from buyers who were not buying breeze-up horses 10 years ago but who are now very active in the breeze-up market.”

He added, “Not only from Arqana but from the 2-year-old sales in general, the results on the track are now very impressive.”

Goffs UK has already conducted its own breeze-up sale this season and it was one which set new records for average and median as well as a clearance rate of 89%. Arqana will be hoping to build on its own records of last year, albeit from a much reduced catalogue when the sale had to be pushed back to July. Powell acknowledged the help that has been provided by their allies at Goffs, who have not only provided the location but a number of key personnel for the sale to take place.

He said, “Even before we had to make the call to ask to come here the Goffs team had already offered their help. It was a natural thing that they did straight away and that's really heartwarming. Eric [Hoyeau, Arqana president] and I have been working with the Goffs team for many years through the old Goffs France so we have good friends here and it was a natural partnership.”

The sale, which will feature around 130 lots after withdrawals, gets underway in Doncaster at 11am.

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