News

Pinhooking Profits Shine Light On Weanling Sale

20th Apr 2016

More than 200 pinhooking opportunities will avail themselves to buyers at the Inglis Australian Broodmare and Weanling Sale, where Platinum (X-Rayed), Select and General Weanling Sessions will be held on Sunday 1 May at Newmarket.

The early timing of the sale provides a major advantage to investors looking to secure quality youngstock ahead of the 2017 yearling sales.

"This year's catalogue is brimming with select sale pedigrees showcasing the progeny of proven sires such as Fastnet Rock, Sebring, Choisir and I Am Invincible, and joined by the first offerings by Zoustar, Dundeel, Sizzling, Eurozone, Declaration Of War, Shamus Award and many others," said Inglis National Bloodstock Director Jonathan D’Arcy.

“Pinhookers who secure their speculations in May will have every chance to maximise on their investments leading into 2017,” said D'Arcy.

The wealth of success that can be found from the Inglis Broodmare and Weanling Sale is exemplified by the outstanding pinhook results of our clients on every level at yearling sales in 2016.

Grange Thoroughbreds’ Gary Mudgway has experienced some particularly impressive results with pinhooks through Inglis sales, most recently with a colt by Choisir out of Aurum Valley, which was consigned by Victoria’s newest thoroughbred venture, Stonehouse Thoroughbreds.

After securing the colt for $35,000 in the first week of May in 2015, Mudgway’s purchase generated a return eight-times that amount, selling to James Harron Bloodstock for $280,000 at the Inglis Premier Yearling Sale less than a year later (pictured).

“I could not have achieved this year’s results without Inglis’ support. Their foresight in supporting professional pinhookers and developing the buying bench at their yearling sales set us up for some really nice profits this year,” said Mudgway.

“Of course we will be back into the fray at the Inglis Broodmare and Weanling Sale next month, we know it’s the best way to get great results next year,” Mudgway said.

Earlier in the year, a colt by Nicconi out of Space Odyssey generated a significant pinhooking return for Davali Thoroughbreds at the Inglis Classic Yearling Sale. Their $15,000 Inglis weanling purchase was secured by Paul Perry for $90,000, a 500% profit in eight months.

At the opposite end of the investment spectrum but with equally as healthy profits to be made, the Yarraman Park-sold Medaglia d’Oro colt out of Kiss The Sun was a significant investment as a weanling at $230,000. The confidence of his purchaser, Roderick Wachman, paid off when Sheikh Mohammed bin Khalifa Al Maktoum outbid John Foote and George Moore to $875,000 for the colt at the Easter Yearling Sale earlier this month.

Some of the numerous great pinhook successes from the 2015 Australian Broodmare and Weanling Sale include:

More than 70 individual sires are represented by 214 weanlings in the Inglis Australian Broodmare and Weanling Sale, which will be offered with over 600 quality broodmares on 1, 2, 3 and 4 May. Horses will be arriving at the Inglis Newmarket Complex and will be available for parades next week. A complete Vendor Parade Schedule will be available on our website in the coming days.  

Pinhookers wishing to discuss Inglis’ range of financial assistance for the 2016 Inglis Australian Broodmare and Weanling Sale are encouraged to contact Andrew Munce on +61 2 9399 7999 or email andrew.munce@inglis.com.au

CLICK HERE to access the online catalogue, which is also available on the Inglis Sales iPad App. Hard-copy catalogues can be requested from the Sydney office on +61 2 9399 7999 or email catalogue@inglis.com.au